ARC ENERGY IDEAS

On this episode we welcome Murray Mullen, President and CEO of Mullen Group to the podcast. The Mullen group is one of Canada’s largest logistics providers.Here are some of the questions we asked Murray:  What is the situation today with COVID related supply chain bottlenecks? Is there a shortage of truck drivers? How has online shopping impacted supply chain issues? What is your outlook for oil and gas oilfield service activity in Canada? What is realistic for decarbonizing the trucking feet? To learn more about Mullen Group visit: https://www.mullen-group.com/Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

This week Tyler Bryant, Strategic Advisor, Climate and Energy at FortisBC joins the podcast.  FortisBC delivers renewable energy, natural gas and electricity to customers in British Columbia. Here are some of the questions we asked Tyler:  What are the challenges of electrifying heating in Canada? What is renewable natural gas? How much renewable natural gas is possible? What is the potential carbon intensity reduction of gaseous fuels by blending hydrogen and renewable natural gas? Do you agree with cities in the US and Canada banning new natural gas connections?They also discuss a recent commentary by Jackie titled “Reduce, Reuse, Recycle and Reconsider the Future of Natural Gas.”To learn more about FortisBC's renewable natural gas offering: https://www.fortisbc.com/services/sustainable-energy-options/renewable-natural-gasPlease review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

With WTI oil prices over $90/B, Peter and Jackie update podcast listeners on the most recent oil market fundamentals. As a result of these higher prices, ARC has increased its estimates for Canadian industry revenue and cash flows.Finally, they discuss Jackie’s recent commentary “Turn out  the lights and other lessons on electricity consumption.”  This article was originally published  for Let’s Talk Science and the Royal Society of Canada who have partnered to provide coverage on STEM programs and learning. To read other articles visit the “Let’s Talk Science” page at the Globe and Mail.To see the most current Western Canadian oil and gas drilling activity , view the ARC Energy Charts: Chart 35 is the Canadian gas drilling activity and Chart 37 is the oil drilling activity.  The last page of the Energy Charts shows ARC’s estimates for Canadian industry metrics.Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

This week we would like to share another podcast with you, called “Energy vs Climate.” The three hosts are David Keith, Sara Hastings-Simon and Ed Whittingham. Every two weeks the trio, along with their guests, break down the trade-offs and hard truths of the energy transition in Alberta, Canada, and beyond. This episode is a discussion from October 2021 on the challenges of decarbonizing the Aviation sector with guest Dr. Steven Barrett of MIT’s Department of Aeronautics and Astronautics. If you like ARC Energy Ideas, we think you will also enjoy this podcast. We hope you find this episode insightful.To learn more about the podcast and to subscribe, visit their website: https://www.energyvsclimate.com/Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

Brent oil price is near $90/B now and WTI is not far behind. Peter and Jackie discuss the latest price moves and drivers. They also muse over the return of geopolitical tensions in the oil markets. While geopolitics have historically been a significant factor in the oil markets and price formation, over the past decade the impact has been more muted.Finally, they review the volatile equity markets so far in 2022. Energy transition names have been under pressure while oil and gas equities have rallied.Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

This week Catherine Cobden joins our podcast. Catherine is the President and CEO of the Canadian Steel Producers Association (CSPA). Canadian steel is already some of the lowest carbon product in the world and the industry has announced goals to achieve net-zero carbon dioxide emissions by 2050.Here are some of the questions we asked Catherine: What are some of the technologies that can reduce the greenhouse gas emissions for producing steel? How advanced are these low carbon processes now? The Canadian federal government has a stated goal to reduce emissions between 40 and 45% by 2030, is this level of reduction realistic for the steel industry in that timeframe?Read more on CSPA’s goal to achieve net zero carbon dioxide emissions by 2050, in their “Climate Call to Action.”Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

On this episode, Peter and Jackie review the ARC Energy Research Institute’s recently released outlook for the Canadian oil and gas economy for 2022.  See the last page of our weekly ARC Energy Charts publication to review the 2022 estimate of revenue, cash flow and other metrics here.They also discuss a recent commentary by Peter titled “Meet the New Boom, Different from the Last Boom” that lists the many reasons why this oil bull run is different than past cycles.Finally, they review the new IEA report on Canada’s energy policies. The report provides recommendations on how the country can effectively manage its energy sector to achieve Canada’s GHG emission reduction goals. Download the IEA Canada 2022 Report here.Replay the IEA Canada  2022 Report launch video here.Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

Peter and Jackie start the year off by introducing seven topics that are likely to dominate energy and climate discussions in 2022: Oil Price Geopolitics Elections Inflation and the Economy Sustainable Finance Clean Energy Spending Energy and Climate Policy in the US and CanadaSee Prime Minister Justin Trudeau’s mandate letters: Minister of Environment and Climate Change and Minister of Natural Resources.Learn more about the Glasgow Financial Alliance for Net Zero (GFANZ) and read “Building a Private Finance System for Net Zero.”Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

On this week’s podcast we look back on the big themes that shaped 2021 by reviewing our past podcasts. Peter and Jackie also revisit their 2021 predictions made at the start of the year to see how well they did.View the ARC SnapChart on the Global EV Sales Data for 2021: Strong Showing for EV Sales in 2021View the report on the economic potential of the energy transition for Alberta commissioned by Calgary Economic Development and Edmonton Global “Alberta Energy Transition.”Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

This week our guest is Robert Hornung, the founding President and CEO of the Canadian Renewable Energy Association (CanREA). The industry group is the voice for wind energy, solar energy and energy storage solutions in Canada.  Recently CanREA released  "Powering Canada's Journey to Net-Zero: CanREA's 2050 Vision" which sets an aspiration for Canada’s wind and solar capacity to increase 10-fold by 2050.Here are some of the questions Peter and Jackie asked Robert:  What are the barriers to achieving CanREA's vision for wind, solar and energy storage growth in Canada? Do you expect the Liberal government will move forward on plans for a net-zero electrical grid by 2035?  Are Canadians accepting of new solar and wind projects in their communities? Do you think a federal grid counsel could advance the East-West grid in Canada?Visit CanREA's website: https://renewablesassociation.ca/Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/