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Markham Hislop Profile picture
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18 Oct, 5 tweets, 2 min read
The electrification of transportation is an existential threat to Alberta's oil industry but the energy war room @CDNEnergyCentre spends $30 million/year on vapid nonsense like this.

"Tyranny" ain't the problem, folks.
#DieEthicalOil
canadianenergycentre.ca/the-tyranny-in…
2/Here's the war room's exec dir of research Mark Milke making yet another dimwitted argument on the taxpayer's dime.

While the world prepares for peak oil demand, Milke is shaking his fist at clouds.

And we wonder why AB energy policy is so bad.

canadianenergycentre.ca/commentary-tyr…
3/The next installment of our Sunday morning gibberish series from Milke.

I actually interviewed Norges, the Council on Ethics that advises Norges on this issue, and the Norwegian climate institute CICERO that prepared the report for the Council.

canadianenergycentre.ca/norges-bank-in…
4/Norges' criteria were very clear:

1) comparison to EU crude oil emissions-intensity (18 kg CO2e/b) vs oil sands (77 kg CO2e/b)

2) carbon pricing: AB's CCIR vs EU ETS

3) plan to reduce absolute emissions

Alberta failed on all 3 counts.

energi.media/markham-on-ene…
5/3 examples are enough.

What Milke and his familiar, Lennie Kaplan, are doing is classic Trump distraction: "I'm taking a wrecking ball to American democracy but...Hillary's emails!"

The energy transition (declining demand for oil) is the real threat, Alberta. Pay attention.

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More from @politicalham

Markham Hislop Profile picture
2 Oct
Time for a chat, AB

1/Suncor lays off 15% of workers

"...has been transforming itself in recent years to rely more on data/tech to improve its efficiency, such as using autonomous trucks...had anticipated these changes would lead to a smaller workforce."
calgaryherald.com/business/local…
2/@jkenney's corporate tax reductions were supposed to create jobs. Instead, Suncor appears to have used the tax savings to invest in digital tech that will destroy jobs, about 4,500 of them.

All the big oil and gas producers are doing the same.
3/This slide from Suncor's July 22, 2020 investor presentations shows that the drive for more efficiency and lower operating costs that lead to a smaller workforce is a deliberate management strategy.
Read 8 tweets
Markham Hislop Profile picture
23 Sep
1. Climate risk is front and centre for international investors.

2. Oil sands bitumen has a very high ghg emissions-intensity.

3. Why doesn't Alberta use a federal "green recovery" to help fund lowering that emissions-intensity instead of acting like the sky is falling? Image
2/Suncor CEO Mark Little has already proposed federal funding for an independent public agency to invest in commercializing the manufacture of materials (like carbon fibre) from bitumen.

Why not use "green recovery" $$ to fund that agency?

Materials, not combustion, eh? Image
3/Electrification of industry - like oil and gas production - is a key strategy for combatting the climate crisis and lower ghg emissions.

Why not use "green recovery" funding to electrify oil sands production? Are wind and solar feasible? What about small modular nukes?
Read 5 tweets
Markham Hislop Profile picture
16 Sep
The Allan inquiry is a farce.

As was predicted by me and may others.

So, I'll ask again: What energy policy and issues management haven't @jkenney screwed up?

The inquiry and the energy war room are symbols of a deeply incompetent govt.
#CDNpoli

cbc.ca/news/canada/ca…
2/Background reading on foreign-funding activism and the Allan Inquiry:

1) energi.media/deep-dives/deb…
3/ energi.media/markham-on-ene…
Read 5 tweets
Markham Hislop Profile picture
15 Sep
1/Respectfully disagree with much of the argument in op-ed by @S_HastingsSimon, @EdWhittingham, @DKeithClimate.

Key objection: the oil sands are more competitive than they suggest. Producers' own modelling, opex data, shows this.
#ABleg #OOT

theglobeandmail.com/opinion/articl…
2/The graphs below are from CERI's 2020 Oil Sands Production and Emissions Outlook. Many of the projects are low-cost operations. In 2019, when prices were modest, oil sands producers generated considerable free cash flow and net earnings were high. Image
3/"All of this adds up to a not-too-distant future when Alberta producers will chase a diminishing market with declining prices," the authors argue.

But there is a good argument to be made that the oil sands can compete in a shrinking heavy crude market.
Read 5 tweets
Markham Hislop Profile picture
6 Sep
1/ Alberta has tremendous potential to make low-cost, low-emission hydrogen from natural gas.

Blue hydrogen, it's called.

From. Natural. Gas.
2/Several Alberta companies - Summit Nanotech, E3 Metals - have developed technology to strip lithium from oil/gas produced water/briney water.

Summit's brilliant CEO, Amanda Hall, is a geophysicist who quit her job at CNRL to found her startup.
3/Alberta is a Canadian leader in carbon capture and sequestration. Old oil/gas reservoirs are perfect for long-term storage, according to my friend @MagHanna

Speaking of CCS, there's the Shell Canada Quest project.
shell.ca/en_ca/about-us…
Read 6 tweets
Markham Hislop Profile picture
31 Aug
What has Trudeau govt done to STOP development of the oil sands?

Pipelines: CER says 3 under construction (TMX, Line 3, KXL) enough until 2040.
Environmental assessment: Suncor's base mine expansion "sidesteps" info requirements on climate change
ablawg.ca/2020/08/28/cli…
2/Suncor CEO says COVID-19 could may be giving us "glimpse into a not-too-distant future where the transformation of our energy system could disrupt demand on a similar scale."

corporateknights.com/channels/energ…
3/Aug 19 CERI study develops 3 scenarios for oil sands output to 2039...2 of them inc. lower production due strictly to global market conditions.

CERI lists 5 factors needed for viable oil sands sector, only 1 (pipelines) depends on feds.

ceri.ca/studies/canadi…
Read 5 tweets

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