Q2 Newsletter June 30, 2024

A WORD FROM THE PRESIDENT

All hands to the pump

Jacob Irving, President Energy Council of Canada

In January 1974, the Guardian newspaper carried an article by science writer, Anthony Tucker. The headline was Space satellites show new Ice Age coming fast. Let’s not hold Mr. Tucker responsible for a headline writer’s 50-year-old version of clickbait. The substance of his article follows a cautious approach and notes that the analysis is based on information that requires more interpretation. While I doubt we need further evidence that long-term predictions are uniquely risky, this headline certainly reminds us.

In our time, we have accumulated a considerable amount of climate data and have spent decades analyzing it. We are now beginning to experience firsthand the climatic events that models had forecast some time ago. What is uncertain, and open to prediction, is whether we can halt climate change and, if so, how do we do it.

The consensus is that the best approach is to limit greenhouse gas emissions and, if possible, reduce the existing accumulations. And from here the debate begins. Different interests have different favourite approaches. That leads to champions of one disparaging others as a waste of time and resources. The certainty with which some ideas are promoted should alert us to the “ice age prediction risk”.

One option that comes under attack is carbon capture and storage (CCS). It is often criticized because it’s used for enhanced oil recovery (EOR). Critics argue that it sustains the use of fossil fuels. I’m not sure that is a CCS problem as much as a fossil fuel demand issue. According to the International Energy Agency, fossil fuels accounted for 80% of world energy use (2019 data). I doubt curtailing CCS is critical to moving that number downward. 

Daniel Yergin, distinguished author and energy analyst, speaking in Washington in January, said that the transition of energy systems must be multi-dimensional and include CCS. Later in the spring at the annual CERA Week energy conference in Houston 18 panels were devoted to different aspects of the subject.

Matthew Healy, Managing Direct of Pace CCS, a carbon capture engineering design firm presented a case for the technology at CERA Week. He acknowledged that it has obstacles still to overcome if it’s to make a substantial contribution to emissions reduction. But it is a young technology. He noted that he would be considered an expert, although he has only been working on it for 5 years.

Mr. Healy said that there have been good-faith criticisms of CCS, but some have been weakened by drawing on flawed or outdated analysis. For example, he pointed to one claim that electricity from a CCS-equipped, coal-fired electricity generation facility was 6 times more expensive than a wind power plant using storage. The analysis, however, drew this result from the lowest-cost wind project in the jurisdiction and the highest-cost CCS operation. The comparison was valid between the two facilities, but it can’t be generalized beyond them.

Another organization claimed that the GHG recovery from a coal-fired generating station was only 70%. Mr. Healy stated that the capture ratio of the plants that Pace designs is at least 97%. The lower number cited by critics was based on an analysis that failed to distinguish between GHG emissions from the CCS process itself and fugitive methane emissions from the coal mine supplying the plant. The study grouped emissions from both activities, which effectively masked the capture effectiveness of the CCS process.

If we are to progress in addressing GHG emissions reductions, we need to be open to a variety of approaches. We do the environment no favours by hastily dismissing approaches and technologies that are in the early stage of development. Let’s remember that the seemingly impossible recovery of oil from oil sands progressed from bucket wheel capture of material to giant excavators and later to steam-assisted gravity drainage. Subsequently, the reduction in GHG emissions per barrel followed the same “learning by doing” path. The stakes are too high to direct our efforts into partisan arguments. We’ll need everyone’s ideas to get where we want to go.

ECC ACTIVITIES

ECC Support for Energy Sector through trade commissioner service

Team Canada Trade Mission: The Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development is scheduled to lead a Team Canada trade mission to Indonesia and the Philippines from 1 – 6 December 2024. Global Affairs Canada is canvassing Canadian firms to offer them a place in the delegation.

Turbine Service Contract (Algeria): Sonatrach Petroleum Corporation of Algeria is in dire need of maintenance services for various types of turbines. They are looking for Canadian companies that specialize in maintenance of gas turbines, specifically:

  • SOLAR Turbines Centaur 40, 50 et Taurus 60 & 70 as well as Titan 130
  • Siemens SGT-200 et SGT-600

    Any Canadian firms interested in this opportunity can contact Christine Colevray, Senior Trade Commissioner Algeria.

    Christine.Colevray@international.gc.ca

Power Facility Construction (Jamaica): The Government of Jamaica was seeking interested parties to submit proposals for a power facility project. The project would be a turnkey project to formulate, engineer, procure, and construct (EPC) a new power facility at its petroleum refinery. Petrojam Limited proposes to build a new power facility (sub-station) to replace outdated infrastructure that no longer meets modern safety and operational standards. The plant will also enable refinery expansion in the future.

Transformer Supply Contract (Bahamas): The Commonwealth of the Bahamas is undertaking an upgrading of its energy system. The name of the program is, Reconstruction with Resilience in the Energy Sector in The Bahamas (RRESB). The Inter-American Development Bank is financing the program through a loan (No. 4978/OC-BH). As part of the program, the Ministry of Finance (Bahamas) requests bids for two 8 MVA transformers for a Bahamas Power & Light facility.

CANCarib Climate Smart Opportunities Summit (Jamaica, Bahamas, Cayman Islands): The Canadian Trade Commissioner service in Jamaica is inviting Canadians to participate in the third CANCarib Climate Smart Opportunities Summit (CCSOS), a high-level initiative that focuses on energy, electricity, and clean technology projects in Jamaica, The Bahamas and, The Cayman Islands. The summit takes place in four parts beginning on July 4 and extending to September 10, 2024 in Kingston, Jamaica. Participants will report on planned projects and the outcomes of the RFPs that have been issued over recent months.

To read the invitation from the Government of Canada Trade Commissioner Service and to register for a session, follow the links below.

20 September Session: Registration is free, required and available as of September 09, 2024.

Nominations are open for canadian energy person of the year 2024

The Energy Council of Canada invites nominations for the Canadian Energy Person of the Year 2024 award. The Energy Council of Canada established the Award in 2001 to recognize and pay tribute to a leader who has made a significant impact within the sector. Nominations are based on a candidate’s outstanding accomplishments and positive community reputation. Award recipients demonstrate an ability to balance the economic, environmental, and social dimensions of energy development and delivery. Their accomplishments advance the Canadian energy sector nationally and internationally.

ECC President Moderates AI Panel at Global Energy Conference

On 13 June, ECC President, Jacob Irving, moderated a panel discussion of how to leverage AI for organizational transformation at the Global Energy Show 2024 in Calgary. Among the panelists was Chris Barry, President of ECC member Microsoft Canada.

The 2024 Global Energy Show Strategic Conference was designed to bring critical knowledge and insights to bear on the challenges of transformation in energy. 

A technical conference ran in parallel. The Global Energy Show Canada Technical Conference served as a platform for technical experts to exchange information on the technologies, processes, and innovations shaping the energy landscape. 

The Show also included an exhibition, which was the largest B2B exhibition and conference engaging with industry buyers and sellers, stakeholders and partners, CEOs and young professionals together to share knowledge and fuel innovation.

Next year, the Global Energy Show 2025 will return to the BMO Centre at Stampede Park in Calgary from 10 – 12 June 2025.

ECC Assists in finding help for Ukraine's energy sector

In late May ECC received a letter from the Ministers of Energy of Canada and Ukraine seeking our help in enlisting the support of Canadian energy companies to restore extensive damage to Ukrainian energy infrastructure. Support can be in the form of financing or compatible equipment donations. We distributed the appeal through our website, Mailchimp contacts, and LinkedIn.

For details on the appeal follow this link or check the website Events page.

Young Energy Professionals Network holds first Webinar of 2024

On May 8 the Young Energy Professionals Network held a successful first webinar of the year. The event was well-attended, with almost 80 participants online to hear the discussion.

Colin Turner (CGA) of the YEPN hosted the conversation. Panelists Chief Billy Morin (Axxcelus Capital Advisory), Graham Clodge (Metergy Solutions), and Alex Stoiko (Creative Energy) discussed their organizations’ participation in an evolving energy sector.

In the News

Bill C-59 Receives Royal Assent Amid Energy Sector concerns

On 20 June 2024, Bill C-59 was given Royal Assent. The full title of the Bill is: An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023, and certain provisions of the budget tabled in Parliament on March 28, 2023. Several energy sector organizations are concerned about provisions in the legislation that affect their ability to describe their efforts to protect or restore the environment or mitigate the environmental and ecological causes and effects of climate change. Representations of the benefits of a business’s activities or products must be substantiated by an acceptable, standard methodology. Some energy sector participants have pointed out that the legislation neither includes nor indicates the terms of such a standard. As a result, several organizations have modified their public communications by withdrawing information from their websites and other media as a precaution.

Follow the links to the right to read the summary and commentary of Nikiforos Iatou of McCarthy Tétrault LLP.

Jana Mosely to become Toronto Hydro President and CEO

Jana Mosely will leave her position as President of Enmax Power Corp., a unit of the Alberta-based company Enmax Corporation, to become the President and CEO of Toronto Hydro. Ms. Mosely will take up the post on 3 September 2024. Calgary Herald

Enbridge Publishes Its 23rd Annual Sustainability Report

On 10 May, Enbridge Inc. released its 23rd sustainability report. In 2020 the company set environmental, social, and governance goals. The report on 2023 performance highlights progress in all three areas. Newswire

Expanded Trans Mountain Pipeline Re-opened in May

At the beginning of May, the Trans Mountain Pipeline expanded facilities were delivering dramatically increased volumes of crude oil to British Columbia and beyond. The expansion almost tripled the system’s capacity – from 300,000 barrels per day to 890,000. Global News

CANCarib Climate Smart Opportunities Summit (CCSOS) 2024

Greetings from Kingston, Jamaica!
YOU are specially invited to join the third staging of the CANCarib Climate Smart Opportunities Summit (CCSOS), a high-level (hybrid) initiative, targeting the portfolio of energy, electricity and clean technology projects in Jamaica, The Bahamas and The Cayman Islands, scheduled to take place from July 4 – September 10, 2024 in Kingston, Jamaica. The CCSOS is a four-part, high-level, business initiative, targeting the portfolio of clean technology projects in Jamaica, The Bahamas and The Cayman Islands in addition to examining the outcomes of recent RFPs and energy-related initiatives in those territories.

PART I

Jamaica: 2023 RFP Outcomes, Plans for a 2nd Round & What about the Waste-to-Energy (WtE) Plan?

July 4, 2024             

9:30 AM to 11:00 AM (EST – GMT-5 – Jamaica)                   

Virtual and live streaming will be available on the High Commission’s YouTube channel.                                

Registration is free and required.  Please register on or before July 03, 2024 at 11:00 PM.  The meeting link will be provided upon receipt of completed registration forms.

The panelists will include the Chairman of the Generation Procurement Entity (GPE), the Director General of the Office of Utilities Regulation (OUR), the Chairman of the Jamaica Public Service Company Limited (JPS) and a renowned Jamaican energy expert.  Register and participate to hear about current and upcoming procurement opportunities for

  1. the status of the recently concluded RFP for 100 MW of renewable energy resources and storage,
  2. the upcoming announcement for 168 MW of renewable energy resources,
  3. the revised plan for the 50 MW of waste-to-energy capacity included in the Waste Management Reform Programme and
  4. upcoming generation replacement projects with the local electric utility.

 

PART II

The Bahamas: 2023 RFP Outcomes and Plans for future developmental procurement

July 12, 2024

10:30 AM – 12:00 PM (EDT – GMT-4 –Nassau, The Bahamas)

Virtual and live streaming will be available on the High Commission’s YouTube channel.

Registration is free and required.  Please register on or before July 10, 2024 at 11:00 PM.  The meeting link will be provided upon receipt of completed registration forms.

PART III

The Cayman Islands: Transitioning to a clean and carbon-free energy market

July 25, 2024

9:30 AM – 11:00 AM (EDT – GMT-5 – Cayman Islands)

Virtual and streaming live on the High Commission’s YouTube channel.

Registration is free and required.  Please register on or before July 24, 2024 at 11:00 PM.  The meeting link will be provided upon receipt of completed registration forms.

PART IV

Conversations Canada: What happens after these RFPs? 

A recap of:

  1. the RFP experience across countries,
  2. b) an overview of the pipeline, and
  3. c) meeting the clean, carbon-free goals-a status report.            

September 20, 2024

9:30 AM to 11:00 AM (EST – GMT-5 – Jamaica)                   

Virtual and live streaming will be available on the High Commission’s YouTube channel.                       

Registration is free, required, and available as of September 09, 2024.

The CCSOS is open to eligible clients of the Trade Commissioner Service (TCS) and has as its primary objective, to specifically prepare qualified Canadian companies in pursuing opportunities and connections required to successfully bring projects to market.  The Summit will provide interested TCS clients with sectoral and market-ready support to conduct business in the Jamaican marketplace.  

We look forward to seeing you at these important and timely discussions.

Regards,

Yasmin M. Chong (Ms)

Trade Commissioner & Senior Business Development Officer
High Commission of Canada|Haut-commissariat du Canada
yasmin.chong@international.gc.ca
Telephone | Téléphone: 876-926-1500 ext 3352  Mitnet: 333-3352
Facsimile | Télécopieur: 876-733-3491  Mitnet: 333-3491
www.tradecommissioner.gc.ca / www.jamaica.gc.ca
3 West Kings House Road, P.O./C.P. Box 1500, Kingston 10, Jamaica
Global Affairs Canada | Affaires mondiales Canada
Government of Canada | Gouvernement du Canada