Hints and tips:
...The FT’s Myles McCormick explains how production in the country shifted oil’s epicentre away from the Middle East, and how long that may last....
...ConocoPhilips will take on Total’s stake in the Surmont project in Alberta’s Athabasca region after it closed a previously announced C$4bn deal....
...Griffin gave $10mn to a super Pac supporting McCormick — twice as much as his donations to SFA Fund — and another $5mn to a super Pac backing Montana GOP Senate candidate Tim Sheehy, according to the person...
...The FT’s Myles McCormick looks at why these companies are betting oil demand will stick around and whether that bet will pay off....
...In 2020 she became the first woman in years to run a core operating division at the storied Wall Street bank, often a crucial stepping stone to the C-suite....
...Former Rolls-Royce chief executive Warren East has joined carbon capture developer C-Capture as group chair....
...Exhibit C: Norway’s continued drilling for oil and gas in the Arctic as well as its increasing use of the argument that it is the main democratic petroleum supplier for Europe....
...Then I make my way down the plush C-suite corridors back to the elevator. Follow This is a movement of 9,000 shareholders in oil and gas companies....
...Canadian oil and gas producers are expected to splurge C$40bn ($29.4bn) this year, surging past pre-Covid levels, as the sector rebounds despite controversy around pollution from the country’s oil sands....
...We like boxes B and C. Will the long end follow the short end down, and why? We can debate how much short rates will come down, but it seems pretty clear that they will fall....
...Last month, French utility EDF announced that Britain’s flagship Hinkley Point C power plant had been delayed until 2029 at the earliest, with the cost spiralling to as much as £46bn in today’s prices....
...The Canadian Association of Petroleum Producers, which represents the upstream oil and gas sector, yesterday said the country’s industry will spend C$40bn ($29bn) this year....
...Last year, it sold its 21.3 per cent stake in a Canadian oil sands project to Suncor Energy for about C$1bn (US$743mn) in cash. Read more here...
...Last year, it sold its 21.3 per cent stake in a Canadian oil sands project to Suncor Energy for about C$1bn (US$743mn) in cash....
...Rystad Energy forecasts that even if the US is to keep warming to 1.6°C by mid-century (its ideal scenario), oil demand will still amount to 14.5mn barrels a day in 10 years and 2.6mn barrels a day by 2050...
...But at an eye-watering C$75bn ($50bn) price tag for the project, the companies also want Alberta’s provincial government to help....
...Last year the weed killer, often known by the brand name Roundup, was selling for just over C$6 a litre....
...“Despite these companies’ misleading claims, there is no credible pathway now for continued oil and gas expansion in a 1.5°C-aligned scenario,” the report finds....
...Suncor’s market capitalisation was C$60bn ($47bn) on Wednesday, and its shares rose 10 per cent after Elliott’s announcement on Thursday....
...The draft text “reaffirms the resolution to pursue efforts to limit the temperature increase to 1.5°C”....
...(Myles McCormick) Data Drill Carbon prices are soaring in the EU....
...Jamie Bonham, director of corporate engagement at NEI Investments, a Canadian asset manager with C$11bn under management, said that writing comprehensive regulations was a question of “levelling the playing...
...(Myles McCormick) Data Drill Oil companies will buy back a record $15bn of shares in 2022, predict IHS Markit and Wood Mackenzie....
...Indeed, some residents are already suffering from heat-related power outages, rendering those prized A/C units useless....
...Even if they kept the tax, they could simply not enforce the automatic increase in the carbon price, from C$40 ($32) a tonne this year to at least $170/t in 2030....
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