On November 9th, 2024, the Canadian Government published a proposed policy to cap oil and gas sector emissions, known as Canada Gazette Part 1. While the final targets will not be set until 2026, the Government estimates that this policy, in conjunction with other policies, will reduce GHG emissions from the oil and gas sector by 35% in the early 2030s compared to 2019. When flexible compliance options are considered, actual emissions are targeted to decline by 19% from 2019 levels. This week, S...
Nov 19, 2024•44 min•Season 1Ep. 261
On November 5th, Donald Trump was elected as the 47th President of the United States. The Republicans gained a majority in both the Senate and the House of Representatives. There were also recent provincial elections in Canada, including British Columbia, where the incumbent NDP party nearly lost power to the Conservatives. Federally, in Canada, there is potential for a spring election. This week, Shachi Kurl, President of the Angus Reid Institute, joins the podcast to talk about the recent elec...
Nov 13, 2024•37 min•Season 1Ep. 260
This week on the podcast, Peter and Jackie discuss what they are watching for from the upcoming 29th Conference of the Parties to the UN Framework Convention on Climate Change, better known as COP29. The conference will take place in Baku, Azerbaijan, from November 11th to 22nd, 2024. Next, they delve into the IEA’s recently released World Energy Outlook 2024. This annual report is widely read and used for discussions on the future of energy. They review some key points that caught their attenti...
Nov 05, 2024•33 min•Season 1Ep. 259
This week, our guest is Chris Levesque, President and CEO of TerraPower . Founded by Bill Gates, TerraPower is advancing fourth-generation nuclear reactor technology in the United States, using a Natrium reactor and molten salt. The company recently made the 2024 Fortune "Change the World" list. Here are some of the questions Jackie and Peter asked Chris Levesque: What is a fourth-generation nuclear reactor, and how does it differ from the operating reactors in North America regarding safety, co...
Oct 29, 2024•36 min•Season 1Ep. 258
On June 25th, 2024, Cedar LNG announced a positive final investment decision (FID) for a floating liquefied natural gas (FLNG) facility with a nameplate capacity of 3.3 million tonnes per annum (~0.4 Bcf/d) located in the traditional territory of the Haisla Nation, near Kitimat, British Columbia, on Canada’s west coast. Commercial operation is expected by 2028, and the project will use the existing Coastal GasLink pipeline (also serving LNG Canada) to deliver natural gas from the production fiel...
Oct 22, 2024•43 min•Season 1Ep. 257
This week on the podcast, Peter and Jackie reflect on the six years since the podcast started. With over 250 episodes and counting, they have commented on a range of topics and events shaping the energy industry in Canada and beyond. In this episode, Peter and Jackie reflect on the podcasts and events that have stayed with them over the past six years and the topics that keep arising, including divestment and energy security. They also discuss their philosophy of interviewing guests. Special tha...
Oct 15, 2024•34 min•Season 1Ep. 256
This week, our guest is Andrew Miller, the Chief Operating Officer of Benchmark Mineral Intelligence, which was established in 2014. The firm provides market prices, supply chain data, forecasting, and strategic advisory for energy transition technologies, including focused coverage on battery supply chains. Here are some of the questions Jackie and Peter asked Andrew: How did the market for battery minerals flip so quickly from being undersupplied to oversupplied? How much lithium-ion battery d...
Oct 08, 2024•42 min•Season 1Ep. 255
This week, Peter and Jackie discuss recent news headlines. Here is what they explored: Canadian Federal Politics . Last week was not the time for an election as the NDP and the Bloc Québécois did not support the Conservative Party of Canada’s motion for a carbon tax election. But when will the election be held, and what does a faster election mean for advancing new energy legislation and regulations? Climate Week NYC is an annual event that focuses on addressing climate change. Peter and Jackie ...
Oct 01, 2024•36 min•Season 1Ep. 254
So far this year, electric vehicle (EV) sales have been less than expected in the United States and Europe, but growth remains strong in China. Why is EV adoption slowing in North America, and what is different in China? We examine the latest sales numbers and the factors that could be contributing to slower growth in North America. Factors include a lack of charging infrastructure, the high cost of fast charging, high depreciation, and a current shortage of plug-in hybrid options. EV competitiv...
Sep 24, 2024•45 min•Season 1Ep. 253
This week, our guest is the Honourable Christy Clark, the 35th Premier of British Columbia and Canada’s longest-serving female Premier. Christy Clark is currently a Senior Advisor for Bennett Jones LLP. Politics is top of mind for energy decision-makers with the upcoming US election, Canadian federal by-elections, the possibility of an early federal election in Canada, and a provincial election next month in Christy Clark’s home province of British Columbia. Here are some of the questions Jackie...
Sep 17, 2024•37 min•Season 1Ep. 252
This week, our guest is Rob West, founder and CEO of Thunder Said Energy. Founded in 2019, the research 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 who covers a wide range of topics in his consultancy. Rob explains why he hates S-curves, since they are often used to assume future growth rates for new energy technologies instead of properly analyzing what is realistic. Her...
Sep 10, 2024•42 min•Season 1Ep. 251
So long summer! Peter and Jackie are back in the studio and are discussing the energy news from the past few months. They kick off the podcast by discussing political developments in the United States and Canada. Then, they examine the drop in clean energy stocks over the summer and the weaker market sentiment, including the rapid decline in BC's low carbon fuel standard (LCFS) credit price. Lastly, they discuss the low prices for natural gas in Alberta, which averaged only $C 0.60/GJ in August....
Sep 03, 2024•32 min•Season 1Ep. 250
This week, we are joined by Nancy Southern, Chair & Chief Executive Officer of ATCO Ltd., and Chair & Chief Executive Officer of Canadian Utilities Limited, an ATCO Company. ATCO is a publicly traded company that offers innovative and sustainable solutions to customers in various sectors, such as housing, real estate, energy, water, transportation, and agriculture. Under Nancy's leadership, ATCO is growing the EnPower division, which focuses on energy transition and includes hydrogen, CC...
Jul 16, 2024•45 min•Season 1Ep. 249
This week, on our Calgary Stampede podcast edition, our guest is Avik Dey, President and Chief Executive Officer of Capital Power . Capital Power is a publicly traded North American power producer headquartered in Edmonton, Alberta. Capital Power owns renewable and thermal power generation facilities, totaling over 9 GW of power generation capacity across 32 facilities. Here are some of the questions Peter and Jackie asked Avik: Is it possible to deliver clean, reliable, and affordable electrici...
Jul 09, 2024•43 min•Season 1Ep. 248
On June 20, 2024, Bill C-59 received Royal Assent and officially became law, implementing its provisions into Canadian legislation. The Bill, along with Bill C-69, which was passed on the same day, introduced new subsidies to encourage investment in clean energy in Canada. Bill C-59 established the Clean Technology Investment Tax Credit and Carbon Capture, Utilization, and Storage Tax Credit. Bill C-69 created the Federal Indigenous Loan Guarantee, the Clean Technology Manufacturing Investment T...
Jul 02, 2024•38 min•Season 1Ep. 247
This week on the podcast, our guest is Stephen Poloz, former Governor of the Bank of Canada, Author, Special Advisor at Osler , and recently appointed by Finance Minister Chrystia Freeland to lead a working group to explore how to catalyze greater domestic investments by Canada’s pension funds. This is Stephen's second appearance on the podcast. The first was in 2022 after he released his book The Next Age of Uncertainty . Here are some of the questions Jackie and Peter asked Stephen: What preci...
Jun 25, 2024•46 min•Season 1Ep. 246
This week, our guest is David Hobbs, Executive Chairman of Pantheon Resources PLC and Chairman of Proton Green LLC. David has an extensive background in energy research, having served as Head of Research at King Abdullah Petroleum Studies and Research (KAPSARC) in Riyadh, Saudi Arabia, and as Chief Energy Strategist at IHS CERA (now part of S&P Global Commodities Insights). The podcast is a new game-style format this week, where Jackie and David engaged in a lively debate on some of the big ...
Jun 18, 2024•41 min•Season 1Ep. 245
According to the IEA, heat accounts for almost half of final global energy consumption , with approximately two-thirds currently sourced from hydrocarbons . Net zero energy scenarios anticipate that heating can be predominantly electrified. In pursuit of lower-carbon buildings, high-efficiency air-source heat pumps offer a promising decarbonization and energy reduction solution. Further, the Canadian federal government and some provinces support the transition to air-source heat pumps by subsidi...
Jun 11, 2024•40 min•Season 1Ep. 244
This week, our guest is Jennifer Williams, President and CEO of Newfoundland and Labrador Hydro. Hydro manages Newfoundland and Labrador’s electricity system, generating and transmitting most of the province's electricity, and exporting electricity to other parts of Canada and the United States. Newfoundland and Labrador Hydro operates several hydroelectric plants, including the Churchill Falls Generation Station in Labrador, which has a capacity of nearly 5,500 MW and is among the top ten hydro...
Jun 04, 2024•43 min•Season 1Ep. 243
Despite frequent pronouncements that the world should stop using coal, it still consumes vast amounts of black rocks. According to the Energy Institute’s Statistical Review of World Energy, coal's global primary energy consumption was about 15% above natural gas in 2022 and only 15% lower than crude oil. Coal consumption has yet to decline. Instead, coal use has plateaued for the better part of the last decade. Because of its carbon intensity and large consumption, Peter and Jackie describe coal...
May 28, 2024•36 min•Season 1Ep. 242
This week, our guest is Dawn Farrell, President and CEO of Trans Mountain Corporation . On May 1, 2024, the Trans Mountain Expansion Project (TMEP) started commercial operations. Over a decade in the making, this milestone is a huge accomplishment. Originally built in 1953, the expansion project triples the pipeline's capacity from 300,000 to 890,000 B/d. This significant expansion of Canada's only oil pipeline to the West Coast comes at an important time since Canadian production was expected t...
May 14, 2024•43 min•Season 1Ep. 241
This week our guest is Doug Hooper, Director of Policy and Regulations at Advanced Biofuels Canada . Advanced Biofuels Canada is an industry association that promotes the production and use of biofuels and renewable synthetic fuels. One of the topics covered in the podcast is Canada’s Clean Fuels Regulation (CFR). The policy is nearing its first anniversary after coming into effect on July 1, 2023 (Canada Day). The rule requires Canadian refiners and fuel importers to reduce the carbon intensity...
May 07, 2024•35 min•Season 1Ep. 240
Jackie and Peter provide an update on ESG this week on the podcast. Has the anti-ESG movement started to change companies' reporting and actions? To answer this question, they reviewed some articles and research that point to the recent loss of momentum and profile for the ESG movement. There have also been examples of companies exiting sustainability-focused organizations. While sustainability may have peaked in these regards, it is not going away. Companies continue to report on their sustaina...
Apr 30, 2024•25 min•Season 1Ep. 239
The 2024 Canadian Federal Budget was released on April 16th. This year’s budget is focused on affordability, housing, and spending on social programs such as pharmaceutical care, daycare, and dentist care. Peter and Jackie discuss the budget, including the size of the deficit and the planned increase in capital gains taxes. They also cover energy-related updates from the budget, such as changes to investment tax credit programs (ITCs), adjustments to the green home subsidy, and the announcement ...
Apr 23, 2024•32 min•Season 1Ep. 238
The threat of a wider Middle East war is increasing. Over the past weekend, Iran attacked Israel with missiles and drones in retaliation for Israel’s suspected strike on Iran's embassy in Syria. This week, our guest, Raoul LeBlanc, Vice President, Energy, S&P Global Commodity Insights, explains why oil prices have increased over the past few months, including the impact of the growing conflict in the Middle East, OPEC+, and US shale oil growth. Jackie and Peter also asked Raoul about recent ...
Apr 16, 2024•44 min•Season 1Ep. 237
This week on the podcast, our guest is Rebecca Lindland, Senior Director of Industry Data and Insights at Cars Commerce . Cars Commerce has a platform to simplify the next generation of automotive retail, including Cars.com , AccuTrade , Dealer Inspire , and coming soon, Cars Commerce Media Network. Rebecca is a highly respected expert in the automotive industry. She shares her views on the rise of plug-in hybrids, the recent headwinds for pure electric cars, and new auto technology. Here are so...
Apr 09, 2024•34 min•Season 1Ep. 236
This week our podcast guest is Rachel Walsh, Environmental Commodities Strategist at BMO Capital Markets. Here are some of the questions Peter and Jackie asked Rachel: Is the hefty Canadian emitter carbon tax starting to impact competitiveness? Is the carbon levy causing industrial emitters to invest in reducing their emissions? Canada and Alberta have introduced incentives to reduce the capital cost of carbon capture and storage (CCS) projects. Are these incentives enough to kick-start the indu...
Apr 02, 2024•44 min•Season 1Ep. 235
Recently, Alberta announced significant changes to its power market: short-term changes to stop economic withholding and a long-term redesign of Alberta’s deregulated electricity market into a restructured energy market (REM). This week, our guest, Blake Shaffer, Associate Professor in the Department of Economics and School of Public Policy at the University of Calgary, helps us understand these changes. Here are some questions Jackie and Peter asked Blake: Why does Alberta need a market redesig...
Mar 26, 2024•49 min•Season 1Ep. 234
Peter is back from a one-week whirlwind trip to the UK where he was a guest on a government-hosted tour titled “Energy Commentators Mission.” During his visit, he met people working on the UK energy transition, including with offshore wind, hydrogen, carbon capture and storage (CCS), and refining. Tune in to this week’s podcast to hear about Peter’s trip and takeaways, including interviews with some of the people he met in his travels. We hear from: Andrew Rodden, Energy Transition Zone Ltd. Pil...
Mar 19, 2024•53 min•Season 1Ep. 233
This week, John Stackhouse, Senior Vice President, Office of the CEO at RBC joins the podcast. John is also the host of the Disruptors podcast. This episode is a joint podcast that is being made available on both the ARC Energy Ideas and Disruptors podcast channels. John, Jackie, and Peter discuss sustainable finance and Canada’s dearth of capital spending on energy transition and decarbonization. Questions covered during the podcast: Is the lack of a national taxonomy that defines what projects...
Mar 12, 2024•36 min•Season 1Ep. 232
