September| 2018
MESSAGE FROM THE PRESIDENT JENNIFER STEWART
UPCOMING EVENTS EASTERN MEMBERS MEETING SIGMA 60TH ANNIVERSARY ANNUAL CONFERENCE
NEWS UPDATES MEMBER UPDATES
FULL MEMBERS
ASSOCIATE MEMBERS
CONNECTION CONTENTS
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| MESSAGE FROM THE PRESIDENT
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| UPCOMING EVENTS
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| ADVOCACY UPDATES
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| NEWS UPDATES
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MEMBER UPDATES
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 & CEO
Dear CIPMA Members and Associate Members I am pleased to share with our CIPMA Members and Associate Members our September edition of Connections Magazine, and I wish to extend a warm thank you to all who joined us at our 2018 CIPMA Golf Challenge earlier this month. The CIPMA team continues to focus on advocacy efforts both provincially and federally and will be updating Members on our progress and key priorities in our quarterly advocacy update. Of course, feel free to reach out at any point should an issue arise that you wish to bring to our attention. We look forward to hosting our Annual General Meeting next month in Halifax, and reviewing the progress, highlights and traction we continue to gain as an association. Once again, we appreciate you being a member of CIPMA, and we will continue to work hard on your and the sector’s behalf.
Jennifer Stewart President and CEO Canadian Independent Petroleum Marketers Association Canadian Independent Petroleum Marketers Association | Connection 2018 |
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THANK YOU TO ALL WHO PARTICIPATED IN THE FEDERAL FUELS COMPLIANCE WEBINAR HOSTED BY ECCC.
A copy of the presentation and additional resources are available in the members-only section of the CIPMA website.
We want to share the successes of our members. If you want to feature your company’s recent achievements, updates, or simply want to be featured, please reach out to Jennifer Stewart at jstewart@cipma.org
Canadian Independent Petroleum Marketers Association | Connection 2018 |
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Canadian Independent Petroleum Marketers Association | Connection 2018 |
HEADLINE SPONSORS:
EAGLE SPONSOR
EAGLE CO-SPONSORS
BIRDIE SPONSOR
BIRDIE CO-SPONSORS
PA R S P O N S O R
EXCLUSIVE SPONSORS:
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GOLF CART CO-SPONSORS BREAKFAST SPONSOR
HOLE SPONSORS
Canadian Independent Petroleum Marketers Association | Connection 2018 |
UPCOMING EVENTS CIPMA CONNECTION | 2018 EVENTS
EASTERN MEMBERS MEETING Tuesday, October 23, 2018 | Halifax, NS Please mark your calendar and watch your inbox for upcoming detailed information.
SIGMA 60TH ANNIVERSARY ANNUAL CONFERENCE November 6 - 8, 2018 | San Francisco, CA Visit SIGMA.org for more details.
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 This section presents a series of media articles of interest to the sector. The headlines included below are taken directly from media sources and are not written by CIPMA or CIPMA team members.
GLOBAL
GLOBAL OIL AND GAS PRODUCERS SET FIRST COLLECTIVE METHANE REDUCTION TARGET The 13 major global producers that make up the Oil and Gas Climate Initiative (OGCI) have announced their first collective target to reduce methane emissions intensity. BIG OIL WARNS OF BACKLASH AS IT MAKES VOW ON CLIMATE CHANGE The world’s biggest oil and gas companies made an unprecedented vow to cut their contributions to global warming, even as they warned of a potential backlash from pushing change too quickly. FIVE COUNTRIES ANNOUNCE DEAL TO DEFY TRUMP ON OIL TRADE WITH IRAN Five countries that are signatories to the Iran nuclear deal announced that they will create a financial mechanism to allow them to continue trade with Iran, including importing oil, as U.S. sanctions kick in this November. JPMORGAN: THE RISK OF A ‘MAJOR MISCALCULATION’ BY TRUMP COULD DRIVE OIL TO $90 Markets have recently reacted to US President Donald Trump’s escalating trade war with China with little more than a shrug. JPMorgan analysts are starting to find that worrying.
Canadian Independent Petroleum Marketers Association | Connection 2018 |
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ARGENTINA’S CONVENTIONAL OIL AND GAS ATTRACT EXPLORERS
CURBING OUR OIL AND GAS ADDICTION WILL REQUIRE MORE THAN DIVESTMENT CAMPAIGNS AND INDUSTRY BASHING
Fresh discovery indicates life beyond Vaca Muerta. OIL PRICES AT HIGHEST LEVELS IN 4 YEARS AFTER OPEC SAYS IT WON’T RAISE OUTPUT Oil prices were at their highest levels since 2014 in trading Monday, September 24, after the Organization of Petroleum Exporting Countries decided not to raise output.
UNITED STATES
Peter Tertazkian: Can wealth be created at the same time as reducing the use of all primary energy sources? STUDY SUGGESTS GLOBAL GHG EMISSIONS WOULD DROP IF WORLD’S OIL PRODUCERS FOLLOWED CANADIAN INDUSTRY RULES New research suggests Canadian oil is among the world’s most carbon-heavy, but Canada’s industry also has rules that could make a big dent in global greenhouse gas emissions if they were adopted worldwide.
ZINKE CANS THE NOTION HE’S GIVING AWAY LANDS FOR OIL AND GAS
WESTERN REGION Interior Secretary Ryan Zinke dismissed the notion that he’s giving away public lands for oil and gas companies during a visit to Utah’s Zion National Park where he drew attention to the maintenance backlog at national parks.
NATIONAL
CANADIAN RETAIL GASOLINE PRICES AVERAGE 131.6 CENTS PER LITRE IN SEPTEMBER
JASON KENNEY HOPES HIS INDIA TRIP PRIMES PUMPS FOR CANADIAN OIL EXPORTS United Conservative Party Leader Jason Kenney’s recent trip to India included a visit to the largest oil refinery in the world and apparent interest from India in Alberta’s diluted bitumen — a long-held dream of the province’s oil and gas sector. TEACHING ABOUT ENERGY ISSUES BECOMING A POLITICAL HOT POTATO IN ALBERTA
As of September 25, the Canadian average retail regular gasoline price was 131.6 cents per litre, up from 113.8 cents per litre in September 2017, while the average retail diesel price hit 129.3 cents per litre, versus 110 for the same time last year, according to Kent Group Ltd. For more information and analytics, click here.
Alberta’s school curriculum is poised to become an underrated but key political issue as a multiyear redesign addresses such topics as Canadian war history, math instruction and, of particular interest in the province, how energy and environmental issues are taught.
SUNCOR WON’T APPROVE MORE OIL PRODUCTION EXPANSIONS UNTIL CANADA MAKES PROGRESS ON APPROVING PIPELINES
FORMER ALBERTA PETROLEUM MARKETING COMMISSION CEO TO LEAD COMMERCIALIZATION OF OILSANDS TECH
The head of Suncor Energy Inc. says Canada’s largest oil and gas producer won’t move ahead with additional crude production expansions until there’s physical progress on getting pipelines approved.
The former CEO of the Alberta Petroleum Marketing Commission is expected to help enable the “rapid deployment” of a technology that could free up space on Canada’s existing oil export pipelines.
Canadian Independent Petroleum Marketers Association | Connection 2018 |
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CANADA MUST FIX ‘DEFICIENCIES’ IN SPILL PLAN FOR TRANS MOUNTAIN’S U.S. SPUR, WASHINGTON STATE SAYS Washington’s Department of Ecology wants the Canadian government to fix what it calls “deficiencies in critical areas’’ of its spill response plan for a spur of the Trans Mountain pipeline that runs through the state. CLIMBING CRUDE PRICES TO SPUR SPENDING BY SMALL, INTERMEDIATE OIL AND GAS COMPANIES Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall.
ONTARIO / QUÉBEC REGION
BILL TO REGULATE ONTARIO GAS PRICES PASSES SECOND READING A bill to regulate gas prices in Ontario has cleared another hurdle at Queen’s Park, but it will need support from the Progressive Conservatives before it goes any further. GREENPEACE CANADA TAKING ONTARIO TO COURT OVER REPEAL OF CAP AND TRADE An environmental advocacy group is turning to the courts in an effort to halt the Ontario government’s plan to scrap the province’s cap-and-trade system, alleging the lack of consultation on the issue violated rights entrenched in law. LEAKED REPORT SUGGESTS QUEBEC’S GREEN FUND AWASH IN WASTE: REPORT Coalition Avenir Quebec Leader Francois Legault took the Couillard Liberals to task after a leaked report showed a $4-billion Green Fund aimed at reducing greenhouse-gas emissions has been mismanaged and failed to meet targets.
OPEN LETTER RAILS AGAINST COALITION AVENIR QUÉBEC’S FRACKING COMMENTS Coalition Avenir Québec, which is neck-in-neck with the Liberal party to form the next provincial government of Quebec, is in hot water with environmentalists.
ATLANTIC REGION
EASTERN CANADA FINDING NEW, NON-U.S. CUSTOMERS FOR ITS OIL Newfoundland oil has made its way as far north as Norway and as far east as China and now Croatia for the first time. OIL AND GAS PROSPECTS GROW AS LATEST ASSESSMENT DRIVES INTEREST IN N.L. OFFSHORE Newfoundland and Labrador’s self-proclaimed designation as one of the world’s most promising oil and gas areas received another boost with the release of a study pointing to the even greater potential for future development. OIL PRICE IS REBOUNDING, BUT NO QUICK DECISIONS, SAYS FINANCE MINISTER The province of Newfoundland and Labrador will stay the course financially despite rising oil prices that are putting more money into provincial coffers. LIBERALS SAY THEY’LL TRY TO GOVERN AS NEW BRUNSWICK ELECTION A VIRTUAL DEAD HEAT Voters in New Brunswick have turned their backs on the province’s entrenched two-party system for the first time in a generation, electing enough third party candidates to leave the Liberals and Progressive Conservatives in a virtual dead heat in a minority legislature.
Canadian Independent Petroleum Marketers Association | Connection 2018 |
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MEMBER UPDATES FULL MEMBER
BG FUELS ACQUIRES MR. GAS SERVICE STATION NETWORK Markham, Canada - BG Fuels, a leading operator of gas stations across Canada, has reached an agreement to acquire 22 operating service stations from Mr. Gas Limited. The Mr. Gas network spans from the Ottawa area up into the Northern Ontario markets of North Bay and Sudbury, and expands BG Fuels’ national presence.
Canadian Independent Petroleum Marketers Association | Connection 2018 |
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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