Hints and tips:
...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....
...The FT’s Myles McCormick looks at why these companies are betting oil demand will stick around and whether that bet will pay off....
...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....
...Either way, the province’s carbon-intensive oil sands are on the up again, as Myles reports....
...On Thursday, ahead of meeting Biden, Sunak will try to drum up business at a roundtable of chief executives, including David Solomon of Goldman Sachs, Jamie Dimon of JPMorgan Chase and Kathy Warden of Northrop...
...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....
...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....
...On that topic, make sure you check out Myles’ story on what work from home, electric vehicles and efficiency is doing to America’s petrol demand — long a driver of oil markets....
...Kanye West’s “White Lives Matter” shirt went off like a bomb at Paris Fashion Week, Cher was photographed at dinner with Rick Owens wearing a vintage Stephen Sprouse blazer emblazoned with “God Save N.Y.C....
...Last year the weed killer, often known by the brand name Roundup, was selling for just over C$6 a litre....
...But at an eye-watering C$75bn ($50bn) price tag for the project, the companies also want Alberta’s provincial government to help....
...In our first note, Myles and Justin report on the gulf in perception between Wall Street and campaign groups....
...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....
...Myles O’Grady, BoI’s chief financial officer, this week became the latest to do just that....
.... — Myles Are Opec producers tiring of the supply cuts?...
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