Peter and Jackie discuss the latest energy headlines and policy announcements on this week's podcast. Listed below are the topics covered: The Alberta Government is lifting the moratorium on new wind and solar project permits, a policy that was enacted in the summer of 2023. The Alberta Government introduces its 2024 fiscal budget. Before the budget announcement, Premier Danielle Smith made the case for rebuilding the Alberta Heritage Savings Trust Fund to help eliminate the revenue roller coast...
Mar 05, 2024•40 min•Season 1Ep. 231
On February 16, 2024, Environment and Climate Change Canada (ECCC) announced some proposed changes to the draft Clean Electricity Regulations (CER). Initially released in August 2023, the draft legislation requires electricity production in Canada to be net zero by 2035. Peter and Jackie start the podcast by reviewing the recently proposed changes and discuss whether these changes are enough to win over the provinces that object to the proposed CER, including Alberta, Saskatchewan, and Ontario. ...
Feb 27, 2024•39 min•Season 1Ep. 230
This week, our guest is Ellis Ross, an MLA in the British Columbia Legislature since 2017, representing the Skeena riding for the BC United political party (formerly the Liberal Party). His region includes the communities of Kitimat and Terrace on the northern coast of British Columbia. Ellis also currently serves as the Shadow Minister for Energy and LNG. Before being elected to the British Columbia legislature, Ellis Ross was the Chief Councillor for the Haisla Nation, in that position, he sig...
Feb 20, 2024•35 min•Season 1Ep. 229
This week, our guest is Greg Lyle, Founder and President of Innovative Research Group . Innovative Research Group is a full-service market research firm with offices in Vancouver and Toronto. The firm has recently done some interesting polling on how Canadians are thinking about energy infrastructure and energy transition. Greg also talked politics, giving us some insight into how Canadians would vote (based on polling) if a federal election were held today. Here are some of the questions that P...
Feb 13, 2024•39 min•Season 1Ep. 228
This week, our guest is Carlos Pascual, Senior Vice President of Global Energy at S&P Global Commodity Insights. Carlos's past roles include establishing and directing the new Energy Resources Bureau at the US Department of State and serving as a senior advisor to the Secretary of State on energy issues. He has also previously been a United States Ambassador to Mexico and Ukraine. Here are some of the questions that Carlos tackled: How do you expect the US will react to the recent attack on ...
Feb 06, 2024•46 min•Season 1Ep. 227
This week on the podcast, our guest is David Detomasi, an associate professor and distinguished faculty fellow in international business at the Smith School of Business at Queens University. He is also the author of “ Profits and Power: Navigating the Politics and Geopolitics of Oil .” First, Jackie and Peter discuss the potential impact of the Canadian government’s proposed cap on oil and gas emissions on smaller oil and gas producers. A reminder that the deadline for providing feedback on the ...
Jan 30, 2024•34 min•Season 1Ep. 226
This week, our guest is Roger Dall’Antonia, President and CEO of FortisBC. FortisBC is a leading energy provider in British Columbia (BC), Canada. The utility serves about 1.1 million natural gas customers and 185,000 electricity customers. Roger explains the benefits of using natural gas to meet the peak winter heating demand and the challenges of using electricity to do the same. Because of the unique ability of gaseous fuels to flex up and meet demand, even on the coldest days, Roger sees a l...
Jan 23, 2024•42 min•Season 1Ep. 225
Peter and Jackie start the year by reviewing the extreme cold in Alberta that caused a spike in electricity demand, resulting in the Alberta Electricity System Operator (AESO) issuing four grid alerts between January 12th and 15th. The electricity supply-demand balance was the tightest on Saturday evening (January 13th), causing the Alberta Government to issue an emergency alert to people's mobile phones. About 200 MW of demand fell off the system within minutes of issuing the notice. Peter and ...
Jan 16, 2024•40 min•Season 1Ep. 224
On this week’s podcast, Jackie and Peter review the final takeaways from COP28. Next, they discuss the key energy themes that shaped the past year. The 2023 top themes include: 1) Artificial intelligence (AI) becomes mainstream 2) Investors now understand the clean energy interest rate nexus 3) 2023 will be the hottest year on record 4) Affordability issues slow the uptake of clean energy technologies 5) Policy-driven energy transition led by the US Inflation Reduction Act (IRA) 6) Oil and gas m...
Dec 19, 2023•39 min•Season 1Ep. 223
Peter and Jackie start this week's podcast by discussing the latest developments at COP28 in Dubai, including whether the wording “phase-out” or “phase-down” of fossil fuels will be included in the final text. Next, they talk about the Canadian energy policy announced by the Canadian federal government at COP28, including draft legislation to reduce methane from oil and gas by 75% from 2012 levels by 2030. The government also issued a document on the proposed cap on oil and gas emissions, with a...
Dec 12, 2023•41 min•Season 1Ep. 222
This week, our guest is Matt Jamieson, President and CEO of the Six Nations of Grand River Development Corporation (SNGRDC). SNGRDC’s mission is to achieve economic self-sufficiency for their community by 2030. The Six Nations of the Grand River is located near Toronto and is Canada's most populated First Nation, with just over 30,000 members. The Nation has established the Six Nations of Grand River Development Corporation, which has a separate governance and decision-making structure from the ...
Dec 05, 2023•36 min•Season 1Ep. 221
This week, Kelly Shue, Professor of Finance at Yale School of Management, joins the podcast. Earlier this year, Professor Shue and her co-author, Professor Samuel M. Hartzmark, published “Counterproductive Sustainable Investing: The Impact Elasticity of Brown and Green Firms.” Their research paper concludes that the sustainable investing practice of divesting high-emitting companies (referred to as “brown” firms) in favor of low-emitting companies (referred to as “green” firms) is counterproduct...
Nov 28, 2023•36 min•Season 1Ep. 220
This week, our guest is Paolo Maccario, President and CEO of Silfab Solar. Silfab Solar is a Canadian company headquartered in Mississauga that manufactures solar panels in Ontario, Washington State, and South Carolina. The South Carolina facility will manufacture solar panels and cells with operations expected to be online in the third quarter of 2024. Cells are a critical input to making modules, and the South Carolina facility will be the first of its kind in North America. Paolo explains tha...
Nov 21, 2023•37 min•Season 1Ep. 219
This week, Jean-Denis Charlebois joins the podcast. Jean-Denis is the Chief Economist at the Canada Energy Regulator (CER). The CER released a report in June outlining three potential future energy scenarios, titled “Canada’s Energy Future 2023: Energy Supply and Demand Projections to 2050.” Here are some of the questions Peter and Jackie asked Jean-Denis: Why did the CER publish net-zero scenarios for the first time in this recent edition? Are you concerned about how these scenarios are implici...
Nov 14, 2023•39 min•Season 1Ep. 218
This week, Peter and Jackie discuss recent news headlines, including some scary topics on this Halloween podcast recording. Here are some of the topics they discussed: · Rising geopolitical risks . Why are the oil markets calm in the face of the Israel-Hamas conflict and the potential for an oil outage? · ExxonMobil and Chevron announce significant acquisitions. In contrast to the news headlines, Peter and Jackie argue that these acquisitions could make sense, even in the scenario that oil and g...
Nov 07, 2023•33 min•Season 1Ep. 217
This week our guest is Jason Schneider, Director, Rural Municipalities of Alberta (RMA) and Reeve of Vulcan County in Southern Alberta. The RMA is a progressive, independent association committed to meeting the diverse and changing needs of Alberta’s 69 counties and municipal districts. Since 1909, the RMA has helped rural municipalities advocate for strong, effective local government. The RMA did not ask for a pause on new permits for renewables projects in Alberta; however, they do have concer...
Oct 31, 2023•29 min•Season 1Ep. 216
This week our guest is Rob West, founder and CEO of Thunder Said Energy . Founded in 2019, the firm aims to help decision-makers find economic opportunities in the energy transition. Rob lives nine time zones away in Estonia and is an uber-productive energy expert, covering a wide range of topics in his consultancy. Here are some of the questions Peter and Jackie asked Rob: What are your views on the likely demand for oil and gas in 2050? Assuming that oil and gas demand remains relatively high,...
Oct 24, 2023•35 min•Season 1Ep. 215
On October 13th, Canada’s top court ruled that Canada’s federal Impact Assessment Act (also known as Bill C-69 and sometimes called the “no-more-pipelines act”) is unconstitutional, with a 5-2 decision. To learn more about the decision and the implications for major projects in Canada and future environmental policy, we welcome Sander Duncanson, Partner, Regulatory, Indigenous, and Environmental at Osler to the podcast. Osler is a Canadian business law firm. Sander was one of the authors of “ Su...
Oct 17, 2023•43 min•Season 1Ep. 214
This week, our guest is the Honourable Danielle Smith, Premier of Alberta. There are some important federal policies under development with implications for the province of Alberta, including Ottawa’s oil and gas emissions cap and the Clean Electricity Regulation (CER) that aims to move Canada to net-zero electricity by 2035. The Alberta government has also put a six-month moratorium, until the end of February 2024, on approvals of new renewable power projects. Here are some of the questions Pet...
Oct 04, 2023•45 min•Season 1Ep. 213
The 24th World Petroleum Congress (WPC) was held in Calgary from September 17 to 21, 2023. The conference is the world’s leading assembly for the petroleum industry. This week on the podcast, Jackie and Peter discuss some conference themes, including the lively discussion on the future of oil demand and the decarbonization of oil and gas. They also debate whether the industries’ messaging about the likelihood of higher oil and gas demand in the future needs to be adjusted to address the concerns...
Sep 26, 2023•41 min•Season 1Ep. 212
The 24th World Petroleum Congress (WPC) will be held in Calgary from September 17 to 21, 2023. The conference takes place every three years and has been described as the world’s leading assembly for the petroleum industry. The organizers are expecting 15,000 visitors and 5,000 delegates from over 100 countries. This week, we hear from Matthew Crocker, Senior Vice President, Product, Strategy and New Assets, for ExxonMobil’s Low Carbon Solutions business. Matt, along with others from ExxonMobil w...
Sep 15, 2023•34 min•Season 1Ep. 211
The 24th World Petroleum Congress (WPC) will be held in Calgary from September 17 to 21, 2023. The conference takes place every three years and has been described as the world’s leading assembly for the petroleum industry. The organizers are expecting 15,000 visitors and 5,000 delegates from over 100 countries. This week, we hear from Lisa Baiton, President and CEO of the Canadian Association of Petroleum Producers (CAPP), and Mike Sommers, President and CEO of the American Petroleum Institute (...
Sep 12, 2023•34 min•Season 1Ep. 210
Before you know it, summer is gone and its back to school! Peter and Jackie look back on the energy headlines of summer 2023. They start the podcast by discussing the new nuclear capacity announced in Ontario, with three additional small modular reactors (SMRs) announced and the potential for a significant expansion at the Bruce Power nuclear plant. The excitement over room-temperature superconductors and another net-energy gain nuclear fusion reaction got their attention. Next, a review of why ...
Aug 29, 2023•33 min•Season 1Ep. 209
The United Kingdom (UK) has had to balance its net-zero ambitions with energy security after suffering from a price shock in 2021 that increased the cost of energy and forced them to stop importing Russian natural gas. This week, Lord Martin Callanan, the UK’s Parliamentary Under Secretary of State (Minister for Energy Efficiency and Green Finance) at the Department for Energy Security and Net Zero, joins the podcast. His responsibilities include CCUS, hydrogen, green finance, energy efficiency,...
Aug 22, 2023•44 min•Season 1Ep. 208
The podcast is back after a summer break! This week, Vittoria Bellissimo, President and CEO of the Canadian Renewable Energy Association (CanREA) joins the podcast to discuss the recent developments in Canada’s electricity markets. On August 4th the Alberta government announced that Alberta is pausing new approvals for large-scale wind and solar projects for six months. Peter and Jackie asked Vittoria about the industry's reaction to this news and if a pause was required to address the concerns ...
Aug 15, 2023•41 min•Season 1Ep. 207
This week our special guest is Daniel Yergin vice chairman of S&P Global and author of the Pulitzer Prize-winning book “The Prize: The Epic Quest for Oil, Money and Power”. Dan’s most recent book “The New Map: Energy, Climate, and the Clash of Nations” now has a revised edition. “The New Map” has been described as prophetic, predicting that Ukraine would be the scene of confrontation and conflict between Russia and the West. Here are some of the questions Peter and Jackie asked Dan: Why did ...
Jun 20, 2023•37 min•Season 1Ep. 206
This week our guest is Eric Nuttall, Partner, and Senior Portfolio Manager at Ninepoint Partners LP . Eric manages the Ninepoint Energy Fund (NNRG) and the Ninepoint Energy Income Fund (NRGI) , which are traded on the NEO Exchange. The Ninepoint Energy Funds are some of the largest actively managed energy funds in the world. Eric’s views on oil and gas commodities and equities are sought after by the media and investors. Here are some of the questions Peter and Jackie asked Eric: Are you still a...
Jun 13, 2023•36 min•Season 1Ep. 205
Energy markets are undergoing major changes. Demand for electricity is increasing and at the same time supply from intermittent renewables is gaining market share. Artificial intelligence (AI) is another source of disruption for electricity markets. To help us understand the changing market dynamics from an electricity trader perspective, our guest Cory Paddock, President and Co-Founder of GBE Energy joins the podcast. Here are some of the questions that Jackie and Peter ask Cory: How is electri...
Jun 06, 2023•35 min•Season 1Ep. 204
The United Conservative Party (UCP) and its leader, Danielle Smith won a majority in the Alberta election on May 29, 2023. Jackie and Peter start the podcast by reviewing the election results and the outlook for energy policy. Next, the conversation moves to Texas. The Lone Star State has witnessed big growth in wind and solar energy, but now Republican lawmakers in Texas are trying to impede renewables growth. Peter and Jackie talk about the shift in sentiment, and if it could spread beyond Tex...
May 31, 2023•28 min•Season 1Ep. 203
This week on the podcast our special guest is John Dillon, former Senior Vice President, Policy and Corporate Counsel at Business Council of Canada. First, John joins Jackie and Peter in a discussion about the Alberta Election that is being held on May 29, 2023. What can we learn from the past record of the two leading parties, the United Conservative Party (UCP) and the New Democratic Party (NDP)? What do we know about their plans for the future of Alberta’s energy industry? Next, we ask John t...
May 24, 2023•35 min•Season 1Ep. 202
