ARC ENERGY IDEAS

The discussion highlights Canada's vast natural resources and the need for strategic change to attract investment. Historical perspectives reveal a long-standing potential for profit, yet recent years show a concerning capital flight from the energy sector. The geopolitical implications of LNG development are scrutinized, especially amidst the Russia-Ukraine conflict. Challenges faced by the Canadian investment landscape are examined, with calls for streamlined regulatory processes to enhance economic growth and sovereignty, contrasting with the U.S. approach to energy independence.

This week, our guest is Dan Hoffarth, Chief Executive Officer of Citadel Drilling, a Canadian-based drilling contractor operating in the Permian Basin. Citadel Drilling provides high-performance, automated drilling rigs designed for efficiency and safety.Jackie and Peter ask Dan to fact-check the popular show "Landman” currently streaming on Paramount+. The series is set in the Permian Basin, featuring Billy Bob Thornton as Tommy Norris, a landman who also serves as the VP of Operations.The discussion also provides an update on the Permian Basin, which has surpassed all of Western Canada in oil and gas production and stands as the world's largest producing basin. The rapid production growth in the Permian Basin has cemented the United States' position as the largest producer of oil and gas globally, by a significant margin. They also discuss Donald Trump’s plan to “drill baby drill” and what that could mean for the future of US oil and gas production.Content referenced in this podcast:Jackie and Peter’s podcast from April 2019 about Jackie’s trip to the Permian BasinJackie’s blog on the Permian Basin from 2019 - Updated to include the rattlesnake picture referenced in this podcastAaron Foyer’s post on GHG emissions savings from wind turbines Enverus blog on methane flaring in the Permian 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 

Explore Canada's energy security weaknesses and its heavy reliance on U.S. crude oil and natural gas. The hosts discuss the economic implications of tariffs and recent Canadian governmental efforts to enhance infrastructure. They emphasize the need for interprovincial trade improvements and capital investment to bolster energy independence. Geopolitical tensions and evolving carbon policies add complexity to the energy landscape, while the urgency of addressing electricity demands to support future ambitions is highlighted.

Anne Applebaum, a Pulitzer Prize-winning journalist and historian, dives into her latest book, 'Autocracy Inc.', revealing the rising tide of authoritarianism worldwide. She discusses the collaboration among autocratic nations like Russia and China against democratic values. The talk touches on deteriorating U.S.-Canada relations, driven by trade tensions and tariffs, while also examining the role of climate policy in shaping political narratives. Applebaum highlights the challenges democracies face today and Canada's resilience in navigating these turbulent waters.

Join John Manley, former Deputy Prime Minister of Canada and a key figure in finance and foreign affairs, as he unpacks the current trade tensions between Canada and the U.S. He discusses the implications of recent tariffs and suggests strategic responses for Canada. Manley highlights the importance of enhancing energy security and diversifying markets. He also addresses the need for increased defense spending and modernization of energy infrastructure. Tune in for insights on navigating the complex landscape of North American economic relations!

In this discussion, Christopher Sands, Director of the Wilson Center's Canada Institute, shares insights on Trump's return to the Oval Office and its implications for Canada. He analyzes Trump's Davos speech, where the President urged OPEC to reduce oil prices against Russia. Sands also addresses the potential legal challenges of Trump’s executive orders on energy policy and explores the pressures on Canada to increase military spending amidst evolving trade dynamics. Ultimately, the dialogue sheds light on the intricate U.S.-Canada relations influenced by Trump’s policies.

This week, our guest is Michael Berends, Chief Executive Officer and Co-Founder of ClearBlue Markets.  ClearBlue Markets helps clients harness carbon markets to meet their climate objectives.  Here are some questions Peter and Jackie asked Michael: What is the overall sentiment toward carbon markets, especially after the Trump Administration's retreat from ESG initiatives? Are recent recommendations for new quality standards improving trust in voluntary carbon credits? Will COP29's global carbon market mechanism endorsement encourage more international trading? Why are Alberta TIER carbon market offsets discounted by 50%, and why do California LCFS and BC credit markets also have low prices? What are your expectations for Canadian Clean Fuel Regulation (CFR) credit prices, and could the Conservative Party of Canada (CPC) repeal the regulation if elected? Why does Canada have 11 carbon markets? Can industrial emitters trade carbon offsets in Ontario? Content referenced in this podcast:ICE has two futures markets for Alberta Carbon Credits: Alberta Emission Offset and Alberta Emission Performance CreditsPlease 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 

Marcus Rocque, Vice President at the ARC Energy Research Institute, brings his expertise to the table, discussing the precarious impact of potential tariffs on Canadian oil and gas. He and the hosts analyze the complicated trade surplus with the U.S. and its implications. The conversation highlights the U.S.'s ability to find alternative energy sources and considers how tariffs could affect both American consumers and Canadian producers. Rocque also explores the necessity for Canada to enhance market access and adapt its energy policies in light of these geopolitical challenges.

The hosts kick off the year by examining their 2024 predictions and introducing key energy themes for 2025. They dive into the political upheaval surrounding Prime Minister Trudeau's resignation and its expected impact on the energy sector. Upcoming challenges in the gas market and the role of AI in energy efficiency also take the spotlight. Additionally, they discuss Canada’s revised Clean Electricity Regulations, extending its net-zero target to 2050, and the complexities surrounding energy security and affordability.

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