The oil and gas (O&G) industry earned record profits in 2022, providing ample cash flow to fund their strategies in 2023. And while O&G companies recognize geopolitical and macroeconomic uncertainty in the year ahead, they’ve also been given a clear mandate to secure supply in the short term while transitioning to cleaner energy in
Clean hydrogen will play a key role in the future energy system—particularly in decarbonizing hard-to-abate sectors. By 2030, clean hydrogen is expected to be used in sectors such as aviation, refining, and road freight, and expand into others such as shipping thereafter. Through interviews with over 350 CEOs, executives, and leaders across the private
Climbing energy costs and uncertainty surrounding inflation will compound complex issues like decarbonization on a global level. Businesses and their supply chains are stretching price elasticity to weather the economic challenges. The rate and pace of the energy transition is adding to tensions. As countries look to expand their power generation through electrification and
In 2023, supply chain snags, rising costs, and extreme weather are likely to continue plaguing the power and utilities sector. But promising trends in innovation and investment, buoyed by recent legislation, can help the sector fulfill its mission to provide increasingly secure, reliable, clean, and affordable electricity. Deloitte’s 2023 outlook examines the latest power
Forecasts from the Canada Energy Regulator’s Canada’s Energy Future 2021 report show electricity prices across Atlantic Canada will increase over the next 28 years. A new discussion paper from the Atlantica Centre for Energy looks at how federal and provincial regulations aimed at reducing emissions and reaching net zero by 2050 will change the
The purpose of the third discussion paper in Atlantic Canada’s Electricity Future – Discussion Series is to help Atlantic Canadians better understand how government regulatory changes and policies aimed at achieving net-zero emission by 2050, as well as evolving consumer behaviours, will likely result in increased electricity prices across the Atlantic provinces relative to
The purpose of this discussion paper is to help Atlantic Canadians better understand how federal regulatory changes, aimed at achieving net-zero emissions by 2050, will impact the supply of electricity in Atlantic Canada. This paper uses publicly available federal data through the Canada Energy Regulator’s Energy Futures 2021 report. Open Publication
2021 was a year like no other at our facility. It offered new and exciting changes, and opportunities to provide added value to our business and in the Greater Saint John community. One of the biggest changes that happened in 2021 was a change in ownership at our terminal. In November 2021, Repsol, S.A. (Repsol)
Governments, businesses and other organizations around the world are committing to reduce greenhouse gas emissions to net-zero by 2050. This initiative is spearheaded by the United Nations Intergovernmental Panel on Climate Change (UN IPCC), which asserts that global emissions must be net-zero by 2050 to keep global warming below 1.5°C of pre-industrial levels. The Government
The purpose of the second discussion paper in Atlantic Canada’s Electricity Future – Discussion Series is to help Atlantic Canadians better understand how federal regulatory changes and policies aimed at achieving net-zero emission by 2050, as well as evolving consumer behaviours, will likely increase electricity demand across the Atlantic provinces. Like the first paper in
Uranium: The Fuel for Clean Energy Global demand for electricity is set to grow around 50% by 2040. As the only energy source of low-carbon, scalable, reliable, and affordable electricity, nuclear is set to play a prominent role in meeting this growing demand while satisfying decarbonization objectives globally. In this infographic from Skyharbour Resources, we take a closer
Hydrogen pathways to net-zero The race to net-zero is on. Canada has an opportunity to pull to the front of the pack as global leaders in the hydrogen economy. The Government of Canada estimates Canada’s hydrogen opportunity at $50 billion and 350,000 jobs in addition to reducing emissions by 90 megatonnes or about 25% of