This is our last podcast of 2024! We will be back in the new year with a look back at 2024 and the energy themes we will be watching in 2025.For the last podcast of the year, we welcome Elliot Mainzer, President & Chief Executive Officer, California Independent System Operator (CAISO).California has integrated a large share of renewables into its electricity supply. As of 2023, almost 50% of California’s power generation came from renewables. Renewable power generation includes solar (19%), hydro (15%), wind (6%), geothermal (5%), and biomass (2%). Jackie and Peter asked Elliot: What is your expectation for future renewables growth? What is the future of natural gas generation?  Is transmission able to keep up with the addition of new power supply? Do you expect changes under the Trump administration could speed up the permitting for new transmission projects?  Are you concerned about the pace of demand growth and what is driving the acceleration?   Is it fair to say that high renewables penetration has caused California to have expensive power prices?  Alberta is making market changes to address the growth of renewables; how did California address these issues with market design in a way that continued to create a compelling investment opportunity for renewables?  How much electricity does California currently receive from Alberta and British Columbia?Content referenced in this podcast:Statement from CanREA on concerns about punitive market and transmission changes in Alberta, including a link to a Direction Letter from Minister Nathan Neudorf (December 10, 2024)Opinion: Alberta needs solar and wind to meet demand by Vittoria Bellissimo and Evan Wilson, December 12, 20242023 Total System Electric Generation for California (California Energy Commission) Please review our disclaimer at:https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

Arne Wohlschlegel, Managing Director at Siemens Energy Canada, explains vital energy technologies driving decarbonization. He tackles the impact of potential new tariffs on the business landscape and addresses the nuances of generating electricity from natural gas versus hydrogen blending. Arne also discusses challenges in hydrogen development and the urgency of grid technology improvements. Plus, he highlights the future of offshore and onshore wind generation projects, revealing exciting advancements within the energy sector.

Peter and Jackie start the podcast by discussing President-elect Donald Trump’s threat to impose a 25% tariff on all imports from Canada and Mexico and the potential impact on Canadian oil and gas markets and prices.Next, Peter and Jackie welcome their guest, Vittoria Bellissimo, President and CEO of the Canadian Renewable Energy Association (CanREA). CanREA is a national industry association and the voice for Canada's wind, solar, and energy storage solutions.Here are some of the questions Jackie and Peter asked Vittoria: How would you describe the mood of renewable developers in Canada today? Tariffs on solar equipment could be added at the Canadian border; how will this impact the cost of developing solar and wind projects? Why has Canada recently imported more electricity from the United States? Does this mean Canada is already facing tighter electricity markets? Alberta is redesigning its electricity market, called the REM or Restructured Energy Market. Why is this change needed? What concerns do renewable generators have regarding the proposed changes for the Alberta market? Are you concerned about the potential electricity demand growth from AI data centres in Alberta and elsewhere?Content referenced in this podcast:CanREA’s Clean Energy Procurement CalendarDunsky report commissioned by CanREA, that defines the potential for onsite or behind-the-meter solar in CanadaEIA note on how US exports of electricity to Canada have increasedCanREA’s Go Solar Guide 2024, the go-to source for Canadians looking to install solar on their rooftops and homes Please review our disclaimer at:https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinst LinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple Podcasts Amazon Music Spotify 

This week, the podcast begins with Jackie and Peter reviewing recent news, including key takeaways from COP29, the escalation of the Russia-Ukraine conflict, and discussions about potentially restarting the Keystone XL oil pipeline project. They also reviewed President Trump's nominations for the Department of Energy (DOE), the Environmental Protection Agency (EPA), and the US Department of the Interior and plans to launch a National Energy Council to coordinate policies and boost US energy production. Next, Peter and Jackie welcome their guest, Bob Dhillon, the Founder, President, and CEO of Mainstreet Equity Corp., which is a Calgary-based real estate company specializing in acquiring, redeveloping, and managing mid-market residential rental apartment buildings across Western Canada.Buildings, including apartment buildings, are a significant source of emissions. According to the Canada Green Building Council (CAGBC), “residential, commercial, and institutional buildings contribute 17% of Canada’s greenhouse gas (GHG) emissions. Considering building materials and construction brings that number closer to 30%, making the building sector Canada’s third-highest carbon emitter.”Here are some of the questions Jackie and Peter asked Bob: What is your perspective on the Canadian housing crisis? What are some solutions for solving the housing shortage? Who pays for energy in Mainstreet’s apartment buildings? What projects have you undertaken to reduce energy use in the buildings? Who pays for the escalating carbon tax? How would a net zero building code impact the housing shortage?Content referenced in this podcast: Liberty Energy’s Report “Bettering Human Lives”Mainstreet Equity Corp. website: https://www.mainst.biz/Please review our disclaimer at:https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

Sander Duncanson, a Partner at Osler and an expert in Canadian business law and carbon policy, dives into Canada's proposed oil and gas emissions cap. He discusses the potential for market distortions and unintended consequences of the regulation. The duo addresses concerns about Canada's more stringent policies compared to the U.S., which may lead to investment flight. Lastly, the complexities of the regulatory framework and its impact on investment and competitiveness within the sector are also explored.

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 elections and polling.Here are some of the questions that Jackie and Peter asked Shachi: What does the election of Donald Trump tell you about the state of democracies? How important of an issue is immigration? To what extent do Canadians support Trump's policies and approach? What is the likelihood of US import tariffs of 10-20% being applied to Canada? What are the likely energy policies from the Trump administration? What are the priorities in British Columbia post-election, and do you expect any change with respect to natural resource development and LNG? How could the election of President Trump impact the next Canadian election?  Do you expect any leadership changes for the Liberals?  How does climate change rate as a priority for Canadian voters?Content referenced in this podcast: Angus Reid InstituteShachi Kurl, Ottawa Citizen Article, “Don’t expect a unified ‘Team Canada’ approach to Donald Trump this time” (Nov 8, 2024) Awaiting the next President: Canadians prefer Trudeau to deal with Harris, Poilievre to work with Trump (Nov 4, 2024)Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/  Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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 attention, including an outlook for abundant energy supply in the latter part of the 2020s, peak fossil fuels by 2030, electricity’s growing role, and the adoption of EVs.They also consider a few new EV labels: extended-range electric vehicles (EREVs) and range-extended electric vehicles (REEVs).They also introduce Peter’s recent article on the proposed cap on Canada’s oil and gas emissions.Content referenced in this podcast:UN Emissions Gap Report 2024: No more hot air…please! (October 2024)UN “It’s Climate Crunch Time” video about three future scenarios, including game over (October 2024)IEA World Energy Outlook 2024Peter Tertzakian’ s commentary “It’s time for a carbon policy time-out (November 2024)Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/  Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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, cost, and waste? Is the United States ahead of other countries in developing these fourth-generation nuclear reactors? What are the strategic benefits for the United States in developing this technology? How is this technology compatible with wind and solar electricity generation? What is the timeline for the regulatory and permitting process for the first facility? When do you expect to start up your first power plant in Wyoming? Does the uranium need to be enriched, and how will the waste be stored? Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/  Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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 fields in British Columbia and Alberta. The project has an estimated cost of US$4 billion and will be majority-owned by the Haisla Nation. Their partner is Pembina Pipeline Corporation.This week, our guests are Crystal Smith, Chief Councillor of the Haisla Nation, and Scott Burrows, President and Chief Executive Officer of Pembina Pipeline Corporation. They explain the project, the community support, the financing, the environmental review process, and, importantly, what this project means for the Haisla Nation’s economic future.Other content referenced in this podcast:Cedar LNG Announces Positive Final Investment Decision (June 25, 2024), scroll down to play the videoSee all videos about the project, including hearing from members of the Haisla Nation: Media Kit - Cedar LNGNational Bank paper making a case for a global GHG reduction from growing Canadian LNG Exports: “Canada Has a Vital Role in Deleveraging the Global Environmental Balance Sheet,” February 2024Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/  Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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 thanks to the loyal ARC Energy Ideas podcast listeners and to Beau Shiminsky at Ear Candy, our sound engineer since day one.Content referenced in this podcast:Energyphile stories on Apple (Audio only)Energyphile stories on the website (written and audio) Ear Candy StudioPlease review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/  Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify