On November 4th, 2024, the federal government announced its long-awaited draft Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations. The Regulations as proposed would regulate upstream oil and gas facilities, including offshore facilities, and would also apply to liquefied natural gas production facilities. It would not include oil refineries, which are already subject
The oil and gas (O&G) industry should look to uphold capital discipline and prioritize viable low-carbon projects to help successfully navigate the changing energy demand landscape. Deloitte's 2024 O&G industry outlook explores 5 key trends that will shape strategies and priorities of oil and gas companies. Open Publication
"In the global transformation of infrastructure to support cleaner energy, two things are clear: we have a long way to go, and it's not going to come cheap." Open Publication
On December 6, the Governments of Canada and Newfoundland and Labrador signed a Memorandum of Understanding (MOU) on offshore wind to enable the province to take the regulatory lead on offshore wind projects within its inland bays. This MOU outlines a process by which the province can administer leases and life-cycle regulation, including revenue
On December 7, the federal government released the proposed Regulatory Framework for an Oil and Gas Sector Greenhouse Gas Emissions Cap. At the same time, the federal government also released its Roadmap for the Decarbonization of Canada’s Oil and Gas Sector. The proposed Regulatory Framework will create specific limits on greenhouse gas (GHG) emissions
Commentary by Jonathan Alward, Vice President, Policy Given all the interest in climate change and in reducing the use of fossil fuels, especially those generating electricity, it is no surprise many people were shocked to learn about Nova Scotia Power’s plans to transition existing coal-fired electricity generation at the Lingan Generating Station to use
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
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