CIPMA Connection - March 2018

March | 2018

IMPORTING PETROLEUM INTO CANADA REDUCE THE BOILING POINT | PACIFIC CUSTOMS BROKERS

CANADIAN GASOLINE CONSUMPTION & VEHICLE TRENDS A COMPARISON TO THE UNITED STATES | BY JASON PARENT, KENT GROUP LTD.

MILLENNIAL OWNERSHIP OF VEHICLES IN CANADA

BY DENNIS DESROSIERS, DESROSIERS AUTOMOTIVE CONSULTANTS

2018 CANADIAN FUEL MARKETING CONFERENCE APRIL 23-25, 2018 | HYATT REGENCY, MONTREAL

FULL MEMBERS

ASSOCIATE MEMBERS

Since 1924

P.D. McLAREN LIMITED

CONNECTION CONTENTS

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| MESSAGE FROM THE PRESIDENT | Jennifer Stewart

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| IMPORTING PETROLEUM INTO CANADA | REDUCE THE BOILING POINT

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| CANADIAN GASOLINE CONSUMPTION & VEHICLE TRENDS | A COMPARISON TO THE UNITED STATES

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| MILLENNIAL OWNERSHIP OF VEHICLES IN CANADA

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| UPCOMING EVENTS | 2018 Events

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ADVOCACY UPDATES

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NEWS UPDATES | 2018 News

MISSION CIPMA’s mission is to ensure the sustainability and growth of a healthy and viable independent fuel marketing and distribution sector at both the wholesale and retail levels in Canada. Our specific goals include: Ensuring that independent fuel marketers thrive and have the opportunity to earn a fair and reasonable return that is proportionate to their business risk and capital investment, and ensuring that Canadian consumers and independent fuel marketers have access to a competitively priced and readily available supply of fuel products in all regions of the country.

MESSAGE FROM THE PRESIDENT JENNIFER STEWART | PRESIDENT

Spring has sprung, which means the Canadian Fuel Marketing Conference is just under a month away!

This year, we have a speaker line up of prominent experts joining us from across technology, automotive, media, retail, military, and convenience sectors. Each is set to offer their unique insights on the latest trends and topics affecting the fuel marketing industry.

The event will kick-off in with its keynote Mr. Jean Chretien, Canada’s 20th Prime Minister, as our Premier speaker, sharing his wisdom and experiences as a former leader of our nation.

Dennis DesRosiers, Canada’s leading automotive industry analyst and one of the foremost theorists in the North American automotive industry, will be on site, encouraging us to look 10- and 20-years into the future, and delve into whether electric vehicles pose a significant threat to the petroleum industry.

One of Canada’s top tech experts, Avery Swartz, will be joining us to shed light on exciting trends that will shape the future of Canadian cities, businesses, and the gasoline retail market. John Eichberger, Executive Director of The Fuels Institute, will be sharing his insights on vehicle sales projections into 2025, and how electric vehicles will influence the market.

Bob Espey, President and Chief Executive Officer of Parkland Fuel Corporation and the visionary behind Parkland’s growth, will reveal how Parkland Fuel has grown to welcome 1,000 people and 20 companies to their business, and all the lessons learned along the way.

From a military standpoint, Lieutenant-Colonel Alastair Luft will be at the event, sharing his insights on resilience as a tool to help individuals and organizations prepare for an uncertain future.

Author, Broadcaster, and Entrepreneur, Mark Sutcliffe, will explore what the future looks like with the collapse of traditional media models, and Michael Ervin, Senior VicePresident at Kent Group Ltd., will examine the changing face of fuels and convenience retailing, offering his views on why this is happening, and what’s likely in store ahead.

This conference is your opportunity to discover what’s new in the sector, what’s coming, what CIPMA is doing about it, and how you can put your best foot forward in this rapidly evolving industry.

Don’t forget to register if you haven’t done so already. I hope to see many of you there!

Jennifer Stewart President and CEO Canadian Independent Petroleum Marketers Association

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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The 2018 Canadian Fuel Marketing Conference Presented by the Canadian Independent Petroleum Marketers Association

REGISTER NOW Sponsorship opportunities are available, please contact Rita Molinari

rmolinari@cipma.org

FOR MORE INFORMATION, PLEASE VISIT | WWW.CIPMA.ORG Canadian Independent Petroleum Marketers Association | Connection 2018 |

IMPORTING PETROLEUM INTO CANADA: REDUCE THE BOILING POINT PACIFIC CUSTOMS BROKERS

Researching the import requirements of petroleum into Canada is a convoluted maze with the information not appearing in one place. Canada Border Services Agency (CBSA) produces a list of import steps; however, none of them are specific to petroleum. Trying to determine if there are any Other Government Departments (OGDs) involved requires a scouring of each of their websites before determining they have no role (at this time). The Harmonized System of Tariff Classification resource guide can be easily misinterpreted and oversimplified. These information sources leave potential importers wondering if they are missing pieces of information that may trip them up later in the process. Many have reached a boiling point similar to industrial fuel oil when they reach out to us.

To help others avoid reaching this point, we have further simplified a 10 step guide below which has ALL of the information you need.

Know Before You Go The person or company who is importing the goods is known as the Importer of Record (IOR). The IOR is ultimately responsible for the accurate reporting of the goods to the CBSA including quantities, tariff classification, valuation and origin along with many others. Although this may seem risky, and makes some buyers shy away from this role, it has more pros than cons. For example, a big benefit is the elimination of markup costs on the import. If you are purchasing from a company who has imported the petroleum, there would be a markup on that import, therefore adding to the costs of the petroleum unnecessarily. Being aware of the benefits of being the IOR can make this seemingly daunting task manageable and cost-effective.

Get Caught Up in the Details (or make sure your customs broker is) We often hear the saying “don’t get caught up in the details” as a preventative measure to thwart unnecessary stresses. However, in the case of importing petroleum into Canada compliantly, the details are an IOR’s best friend.

As mentioned previously, the IOR is the party that will get penalized if the import reporting is inaccurate or incomplete. These potential pitfalls can result in a monetary penalty under the Administrative Monetary Penalty System, commonly referred to as an AMPS penalty. We recommend that importers have a clear understanding of the regulations they must adhere to and the parties involved to mitigate these risks. The three main areas of focus for The CBSA are the accurate application of the H.S. Tariff Code, correct method and calculation of the valuation of the goods, and the correct reporting of the good’s origin. Being detailed in these fundamental areas is not just good practice; a small investment in compliance upfront can save you thousands in penalties and audit costs over time.

Compliance is Key Many importers are under the [misguided] impression that once a shipment has been cleared for entry into Canada by the CBSA, that all aspects of meeting import regulations have been met and therefore, they are in the clear (phew!). Unfortunately, this misunderstanding can lead to a surprise when CBSA asks for more information on an importer’s shipment from 3 years ago. Customs often takes a closer look at shipment details such as duty paid, valuation and tariff classification AFTER importation into Canada. In fact, Customs can audit these details up to 6 years after the importation has occurred.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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With such a lengthy evaluation period, it is very important that importers dot their i’s and cross their T’s proactively. Setting up an internal compliance program with standard operating procedures can provide consistency in documentation creation and relations with vendors and service providers. This tool proves its worth when someone untrained in customs documentation and process needs to step into the role for vacation relief.

Bringing the Temperature Down The secret to successfully importing petroleum into Canada is to have a reliable and trustworthy source of information in both the current and pending regulatory changes.

This party can be an International Trade Advisor, Trade Lawyer or Customs Broker like Pacific Customs Brokers.

Join us for a webinar on the 10 Steps to Importing Petroleum into Canada on April 11, 2018, at 10:00 am PT. DETAILS TO BE SENT TO MEMBERS * A 10-Step Guide to Importing Fuel will also be distributed to Members

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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CANADIAN GASOLINE CONSUMPTION & VEHICLE TRENDS: A COMPARISON TO THE UNITED STATES

BY JASON PARENT | KENT GROUP LTD.

North American gasoline consumption is expected to decline over the next few decades, driven primarily by greater fuel efficiency in the vehicle fleet, and secondarily by penetration from alternative engine technologies. Generally, gasoline consumption trends between Canada and the U.S. have mirrored one another; however, the emergence of disparate market conditions are increasing the likelihood of comparative differences over the next couple of decades.

Year-over-year growth of North American gasoline consumption has slowed since 2015.

Over the next couple of years, Canadian consumption of gasoline is expected to grow at just 0.3 percent annually, while U.S. consumption is expected to decline just over 1 percent annually by that same time (Figure 1).

Figure. 1

Source: EIA, Kent Volumetric Data

According to a recent analysis by the National Energy Board, Canadian demand for transportation fuel is expected to decline an average of 0.5 percent annually to 2040.

The Energy Information Administration’s (EIA) 2018 Annual Energy Outlook, showed that U.S. demand for transportation fuel would decline an average of 0.7 percent over the same period. The steeper decline in the U.S. is largely a result of growing differences in the vehicle fleets between the two countries.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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Declining Gasoline Consumption and Changes in the Vehicle Fleet Between 2007 and 2016, the size of the Canadian vehicle fleet increased 17 percent (Statistics Canada), while the U.S. fleet increased roughly 5 percent (EIA). Similarly, the aggregate number of vehicle miles travelled (VMT) increased in both countries over the past decade, and the EIA’s forecast calls for growth in the vehicle fleet and VMT beyond 2040. This obviously has not resulted in a parallel increase in gasoline demand, and over the coming decades, most forecasts predict much lower gasoline demand.

The principal reason for the expected decline in consumption is a significant rise in the average fuel economy of the vehicle fleet, which the EIA expects to increase by over 60 percent to 2040. As governments enforce more stringent emission standards on new vehicles, the average efficiency of the vehicle fleet will rise as the fleet turns over – meaning internal combustion engine (ICE) powered vehicles will consistently lower their average fuel consumption per 100 km (Figure 2). This shift in efficiency is also influenced by the spread of alternative engine technologies into the market and will be led over the next few decades by an expected surge in electric and fuel cell vehicle sales.

Figure. 3

PASSENGER CARS TRUCKS

A DECADE AGO: Canadian Mix of New Car Sales, 2017

49%

51%

United States Mix of New Car Sales, 2007

53%

47%

TODAY:

Figure. 2

Canadian Mix of New Car Sales, 2017

United States Mix of New Car Sales, 2017

31%

35%

69%

65%

Source: Bureau of Economic Analysis, Cansim Table 079-0003

Source: BP, Energy Outlook 2018

However, the bulk of the decline in gasoline consumption will be related strictly to the increased efficiency of ICE vehicles, while a much smaller portion will relate to the displacement of ICE vehicles by alternative engine technologies. This is apparent in the breakdown of VMT by vehicle type, where ICE vehicles currently account for 97 percent of U.S. VMT. Even with an expected 4,000 percent growth in VMT from full electric and fuel cell vehicles by 2040, the percentage of VMT for ICE vehicles would still be around 86 percent in 2040 (EIA).

Disparity between Canada and the U.S. Changes to the vehicle fleet are clearly impacting gasoline demand trends in North America, and the disparate outcomes projected for the U.S. and Canada are driven primarily from consumers’ vehicle preferences and the resulting differences in their respective vehicle fleets.

The percentage of new vehicle sales categorized as trucks rose 20 percent over the last decade in Canada, while in the U.S. that same figure rose only 12 percent. (Figure 3).

Canadians are buying trucks at a much higher rate than passenger cars, and despite each respective vehicle class becoming more fuel efficient, consumers are more frequently purchasing a less fuel efficient class of vehicle.

Increased truck sales, and the corresponding decline in passenger car sales, is likely to have long-lasting effects in the Canadian market. The rate of new vehicle sales and turnover in the fleet is close to 5 percent annually, meaning it takes roughly 20 years to completely turn over the fleet. Consequently, the significant rise in truck purchases will continue to dampen some of the gains in vehicle efficiency over next couple of decades.

In addition, the rate of penetration for alternative engine technologies in Canada has consistently lagged behind the U.S. market, meaning that ultimately Canadian gasoline consumption is likely to fall less than U.S. consumption by 2040.

A potential wild card for future Canadian gasoline demand is the effect of carbon pricing. By design, carbon pricing raises the cost of fuel, incentivizing more efficient vehicles and alternative engine technologies. The current federal approach seeks to price carbon at a minimum of $50 per tonne by 2022, adding roughly 12 cents per litre to the price of gasoline. While this and other future carbon-reducing measures are likely to result in some downward pressure on gasoline demand, we have observed little to no impact on demand from current carbon pricing schemes. Ultimately, the effects of carbon pricing on Canadian gasoline demand will be “swimming upstream” against consumers’ recent preference for larger vehicles.

“Effects of carbon pricing on Canadian gasoline demand will be swimming upstream”

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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MILLENNIAL OWNERSHIP OF VEHICLES IN CANADA

BY DENNIS DESROSIERS | DESROSIERS AUTOMOTIVE CONSULTANTS

One of the most common perceptions in the automotive sector is that Millennials no longer want to own and drive a vehicle. The theory is that, in the past, vehicle ownership was the primary way millennials interacted socially and that with all the social media options available they are less likely to need a vehicle for this purpose and are thus are not even getting a drivers licence let alone owning a vehicle. A complimentary theory is that youth unemployment rates are higher today than in the past so younger consumers also can’t afford to own a vehicle, especially if you add in the cost of insurance, and thus their ownership levels are lower.

I’ve questioned these theories for quite some time. I point to two pieces of hard data. First is overall ownership of vehicles in Canada. The second is the percent of the population by age group which are licenced drivers.

In 1960 ownership per driving age population was only 50.4 percent in Canada with little growth in the following decade. By the year 1990 ownership had grown to 70.1 percent of the driving age population where is flat-lined for the following decade. This all changed at the turn of the century. Over the last 17 years ownership has exploded in Canada and now stands at 87.0 percent. If you don’t think that is significant it translates into an additional 9.6 million light vehicles on the road today than in the year 2000. Think of that number’s impact on fuel demand.

So, I ask … if total ownership is growing so fast how could it be possible for ownership by millennials to be going down? Mathematically it would be near impossible.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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The second piece of data is licenced drivers by age. The percent of the youngest cohorts with driver’s licences has increased from 48.1 percent to 54.6 percent over this timeframe. And most importantly the percent of licenced drivers of the following two cohorts hasn’t declined. So, the view that millennials are not even getting a drivers licence is totally 100 percent false. It is actually increasing for the youngest population of driver’s age and is relatively high and stable with the following groups.

The over 65 age group is also interesting in that those with a licence has increased from about two thirds of their population to a little over 70 percent. The absolute number with a licence has also increased from only 2.8 million to about 4.3 million an increase of 1.5 million more potential older drivers. This last group may account for some of the overall increase in ownership from the table above but it doesn’t account for all of the increase. Now just because someone has a drivers licence doesn’t mean they own a vehicle but it certainly means they are more likely to own a vehicle.

Combine these two databases and you have fairly conclusive proof that millennial ownership of vehicles is NOT declining in Canada it is actually increasing. We don’t have the actual levels in each year but we certainly believe ownership is going up for millennials and also for our oldest consumers.

There are a number of implications for the fuels industry related to these trends.

First, it is positive for overall new and used vehicle sales levels going forward. And higher new and used vehicle sales is always positive for fuel demand Second, this information highlights the continued importance of seniors. Millennials have captured the bulk of attention in the automotive sector and I get that … they are young and during their life they will buy a dozen or more vehicles. Get them while they are young and you might have a customer for life.

But look at the stats. The number with drivers licences have increased by about 600K to 700K. Over the same time period the number of seniors over 65, with driver licences have increased by close to 1.5 million which is at least twice as much. That’s a lot of fuel demand.

Third, closely related to this is the growth in the luxury market. A senior is much more likely to be able to afford a luxury vehicle than a millennial. This is one of the reasons why the luxury market has been the fast-growing segment in Canada for quite some time moving from less than 5 percent of sales to about 12 percent over the last number of years. Luxury vehicles are less fuel efficient than mass market vehicles so this is also positive for fuel demand.

Fourth, this analysis clearly shows the problem with current Government policy related to climate change which is focused almost exclusively on electrifying our vehicles. There are various views and the rate of growth on battery electric vehicles but even if some of the most optimistic forecasts come true it actually will have a very small impact on CO2 emissions and fuel demand since the growth in ownership is leading to millions of additional vehicles on the road and even though they are more fuel efficient the added volume is very positive for fuel demand.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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UPCOMING EVENTS CIPMA CONNECTION | 2018 EVENTS

2018 CANADIAN FUEL MARKETING CONFERENCE April 23-25, 2018 | Hyatt Regency, Montreal

The Canadian Fuel Marketing Conference is the #1 networking and educational event for the fuel marketing industry in Canada. Join us April 23 to 25, 2018 at the Hyatt Regency Montreal for our annual Conference presented by CIPMA. We have an exciting slate of speakers and educational sessions planned.

There are sponsorship opportunities still available to help you showcase your brand image, build a stronger presence within the industry and broker new business with prospective partners. Interested in enhancing your profile within the industry? You can also check out our advertising options and contact Rita Molinari to discuss.

To register, click here. For more detailed information on the Conference, please click here.

CIPMA GOLF CHALLENGE

Thursday, September 13, 2018 | Glen Abbey Golf Club, Oakville, ON Mark your calendars! Watch for details, coming soon.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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ADVOCACY UPDATES Government advocacy is the main priority for the CIPMA team, and having a voice on important issues at the municipal, provincial and federal levels of government is one of the key reasons why members join our organization. CIPMA members receive quarterly updates on the association’s advocacy efforts, which are also posted on the Members Only section of cipma.org.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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NEWS UPDATES CIPMA CONNECTION | 2018 NEWS

Please note that all orange text in the following section is hyperlinked.

If viewing electronically, you can click to read full articles.

GLOBAL

RISING ENERGY DEMAND FUELS INCREASE IN GLOBAL CARBON EMISSIONS This feature examines current trends in global energy demand stemming from the latest International Energy Agency report.

IT IS VENEZUELA’S CRISIS THAT IS DRIVING THE OIL PRICE HIGHER This op-ed written by Nick Butler, visiting professor and chair of the Kings Policy Institute at King’s College London, predicts a decline in global oil output should the Maduro-military alliance hold.

GLOBAL BIODIESEL MARKET 2018 KEY PLAYERS ITAL GREEN OIL, BIOPETROL, RENEWABLE ENERGY GROUP, DIESTER INDUSTRIES & CARGILL This piece looks at the new 2015-2023 World Biodiesel Market Research Report centred on the “Global Biodiesel Market, which includes an analysis of driving forces, driving risks, Biodiesel business opportunities, threats and challenges involved in Biodiesel market.

EUROPE’S $38 BILLION CARBON MARKET IS FINALLY DOING ITS JOB This feature examines the status of Europe’s $38 billion a year carbon market; from automakers to utilities, companies are reining in pollution.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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UNITED STATES BILLS SEEKING TO REGULATE PIPELINE INDUSTRY FACE LITTLE CHANCE IN SD LEGISLATURE This article delves into the rejection of a bill that would have required South Dakota’s environmental agency to test crude oil spill sites and share that information with the public. The bill marks the latest in a series of defeats of Democrat-sponsored pipeline regulation bills.

FOREIGN TRADE HOUSES GRAB DOMINANT SHARE OF U.S. CRUDE EXPORTS This piece looks at the current state of U.S. crude exports, two years after Washington lifted its ban on sending oil abroad.

MICROSOFT SIGNS ANOTHER RENEWABLE ENERGY DEAL IN ASIA This news story provides an overview of Microsoft’s recent agreement to purchase three megawatts of solar-powered electricity in India. The renewable power will be used to supply a new office in Bangalore, India, and will reportedly meet 80 percent of the new building’s projected electricity needs.

NATIONAL CANADIAN RETAIL GASOLINE PRICES AVERAGE 132.0 CENTS PER LITRE IN MARCH As of March 27, the Canadian average retail regular gasoline price was 132.0 cents per litre, up from 108.3 cents per litre in March 2017, while the average retail diesel price hit 126.4 cents per litre, versus 107.6 for the same time last year, according to Kent Group Ltd. For more information and analytics, click here.

LOW CARBON ECONOMY CHALLENGE WILL LEVERAGE CANADIAN INGENUITY TO REDUCE CARBON POLLUTION & DRIVE CLEAN GROWTH This article offers an overview of the new Low Carbon Economy Challenged launched by the Minister of Environment and Climate Change, Catherine McKenna, on March 14th.

OPINION: CANADA LAGGING IN CLEAN-ENERGY INVESTMENT This opinion piece penned by Jonathan Wright, President and CEO of NuVista Energy Ltd, uses Earth Day as a driver to examine Canada’s status on reducing emissions.

INVESTORS TURN AWAY FROM CANADIAN ENERGY STOCKS DESPITE POSITIVE SIGNS IN OIL SECTOR This feature examines the downtrend in stock prices for Canadian energy companies despite the increase in commodity price driving higher profits in the sector.

NEW TITANIUM INDUSTRY COULD GROW OUT OF OILSANDS WASTE This article explores a proposal for a $400-million facility at CNR’s Horizon oilsands site to produce titanium and zircon from the materials left over from bitumen production.

KEVIN LIBIN: TRUDEAU’S CARBON TAX PLAN IS CLOSE TO BLOWING UP IN HIS FACE This editorial, penned by Kevin Libin, managing editor of the National Post and the Financial Post, explores a potential carbon-tax war between provinces representing half the Canadian population and Ottawa.

WESTERN REGION NOTLEY TO B.C.: STOP OPPOSING PIPELINES IF YOU DON’T LIKE HIGH GAS PRICES This article presents the latest counter from Alberta Premier Rachel Notley, insisting if B.C. wants to keep gasoline prices low it should stop opposing the Kinder Morgan oil pipeline expansion.

ALBERTA BUDGET: PROVINCE PROJECTS $8.8-BILLION DEFICIT; LOOKS TO PIPELINES, CARBON TAX TO BALANCE BOOKS This piece examines Alberta’s 2018-19 budget, introduced by the province’s NDP government on March 22nd.

Canadian Independent Petroleum Marketers Association | Connection 2018 |

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ALBERTA PIPELINE BOTTLENECK PRESSURE BUILDS

SCIENTISTS PLAN SIMULATED OIL SPILLS IN NORTHWESTERN ONTARIO

This feature looks at the pipeline toll from the recent Cenovus cutbacks to oilsands production, just as Alberta’s budget highlights a need to increase pipeline capacity.

This news piece shines a spotlight on experimental “oil spills” in northwestern Ontario this summer that are being planned by scientists in an effort to better understand what happens when diluted bitumen winds up in freshwater lakes.

MANITOBA INTRODUCES CARBON-TAX LEGISLATION WITHOUT PLAN TO SPEND THE REVENUE This article highlights the March 15 introduction of legislation to create a carbon tax in Manitoba and the lack of publically available information on how the province plans to spend the revenue.

ELIZABETH MAY, MP ARRESTED DURING TRANS MOUNTAIN PROTEST This piece focuses on the arrest of Federal Green Party Leader Elizabeth May, alongside NDP MP Kennedy Stewart on March 23rd, after taking part in protests against the Trans Mountain pipeline expansion in Burnaby.

PROTESTERS TARGET KINDER MORGAN’S CALGARY OFFICE ON DAY OF ACTION AGAINST TRANS MOUNTAIN This story draws attention to the demonstration that took place in front of the Kinder Morgan offices in Calgary on March 23rd. Additional rallies are planned across the country, including three in support of the pipeline project.

GUNTER: DOUBLE STANDARD FOR ALBERTA OIL This op-ed contends that the federal government is not subjecting foreign oil imported into Canada to the same environmental standards imposed on Western Canadian oil.

ONTARIO / QUÉBEC REGION DOUG FORD IS ABOUT TO CHANGE CLIMATE CHANGE POLICY FOR THE WHOLE COUNTRY — AND IT’S ABOUT TIME This editorial produced by Ross McKitrick, professor of economics at the University of Guelph senior fellow of the Fraser Institute, insists that Doug Ford’s realism is going to change the national climate policy picture in a significant way.

FAST-CHARGE SUPERSTATIONS PLANNED FOR QUEBEC GAS BAR CHAIN This article highlights two Quebec companies that have embarked on the development of a network of fastcharging electric-vehicle “superstations” using existing service stations in the province.

ATLANTIC REGION BP OIL AWAITING REVIEW IN ORDER TO BEGIN DRILLING NEAR SABLE ISLAND This story focused on a review from the Canada-Nova Scotia Offshore Petroleum Board that will give BP Oil the “green light” to start drilling an exploratory well near Sable Island, a national park reserve.

N.L. GOVERNMENT SET TO BREAK APART NALCOR ENERGY This piece explores the predicted separation of Nalcor’s oil and gas division from the Muskrat Falls project. The start of the reorganization is set to be announced in the provincial budget on March 27th.

LETTER: APPLAUSE FOR N.L.’S PLAN FOR OIL AND GAS DEVELOPMENT This letter-to-the-editor, authored by Tim McMillan, President and CEO of the Canadian Association of Petroleum Producers, applauds the Government of Newfoundland and Labrador on the release of its plan, Advance 2030: A Plan for Growth in the Newfoundland and Labrador Oil and Natural Gas Industry.

NS POWER INSTALLING ELECTRIC VEHICLE CHARGING NETWORK WITHOUT RATEPAYER FUNDING This article focuses on the announcement that Nova Scotia Power is moving ahead with installing electric vehicle fast chargers, despite the rejection of the utility’s proposal to fund the project through ratepayers.

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Jennifer Stewart, President and CEO jstewart@cipma.org | Cell: 613.915.5699

Rita Molinari, CMP, Operations Manager rmolinari@cipma.org | Cell: 416.358.5207

MAILING ADDRESS | 3-1750 The Queensway, Suite 115 - Toronto, ON., M9C 5H5

Canadian Independent Petroleum Marketers Association | Connection 2018 |