Connect with us

Business

Red Deer Chamber Hears Energy Industry Update

Published

3 minute read

img_2964 (Chris Montgomery – Manager, E & P, Communications and Outreach – Canadian Association of Petroleum Producers)

By Sheldon Spackman

With many in Central Alberta wondering when things are going to turn around in the Oilpatch, the Red Deer Chamber of Commerce received an update on the current state of the industry during their monthly luncheon on Tuesday.

The Chamber’s Guest speaker was Chris Montgomery, President of the Canadian Association of Petroleum Producers or CAPP. Montgomery says the bottom line is they’re not sure just yet when things are going to turn around. Montgomery says certain conditions need to be in place for that to happen, with many factors involved.

He says the first being prices and cost structures to be right, making sure government has the right policy environment and most importantly, making sure the industry can move it’s product to other markets, aside from the U.S., which is not only the Canadian Energy Industry’s biggest customer but also it’s biggest competitor.

Montgomery says it’s extremely important for Canada to get it’s products to other foreign markets like Asia for example and shipped from the shores of our country. Right now, Canadian energy products have to go through the U.S. before getting shipped elsewhere. However, with the U.S. increasing it’s supply of Oil and Natural Gas, Montgomery says it now makes even less sense for us to rely on the States to ship our products.

Montgomery says there are three pipeline projects that could address this issue. The Northern Gateway Pipeline that would ship Alberta oil to Kitimat, B.C., the existing Kinder Morgan Pipeline that goes through Burnaby, B.C. and the Energy East Pipeline that would ship Alberta crude to St. John, New Brunswick. He says the fates of those projects could be determined by the Federal government over the course of the next few months.

Over the last three years, Montgomery says there has been a 62 percent reduction in Capital Investment in Canada’s Oil and Natural Gas Industry, a roughly $50 billion dollar drop to $31 billion dollars.

As for drilling activity, the industry forecast anticipates 3,562 wells to be drilled in Western Canada this year, roughly a third of what was drilled two years ago.

Alberta’s provincial government also has a carbon levy planned for the new year as part of it’s efforts to help fight climate change. Montgomery says he would like to see that get done the right way as well, particularily when it comes to methane emissions. He says the government’s policies in that regard can’t impact a company’s ability to operate.

Montgomery says there is some positive news though, saying there is roughly $30 billion dollars in private capital ready to be invested into Canada’s Oil and Natural Gas Industry, once we can get those products to other foreign markets from our shores.

Follow Author

Business

EU investigates major pornographic site over failure to protect children

Published on

From LifeSiteNews

By Jonathon Van Maren

Pornhub has taken down 91% of its images and videos and a huge portion of the last 9% will be gone by June 30 because it never verified the age or consent of those in the videos.

Despite anĀ aggressive PR operation to persuade lawmakersĀ that they have reformed, Pornhub is having a very bad year.

On May 29, it wasĀ reported that the European Commission is investigating the pornography giant and three other sites for failing to verify the ages of users.

The investigation, which comes after a letter sent to the companies last June asking what measures they have taken to protect minors, is being carried out under the Digital Services Act. The DSA came into effect in November 2022 and directs platforms to ensure ā€œappropriate and proportionate measures to ensure a high level of privacy, safety, and security of minors, on their serviceā€ and implement ā€œtargeted measures to protect the rights of the child, including age verification and parental control tools, tools aimed at helping minors signal abuse or obtain support, as appropriate.ā€

According toĀ France24: ā€œThe commission, the EU’s tech regulator, accused the platforms of not having ā€˜appropriate; age verification tools to prevent children from being exposed to pornography. An AFP correspondent only had to click a button on Tuesday stating they were older than 18 without any further checks to gain access to each of the four platforms.ā€

Indeed, Pornhub’s alleged safety mechanisms are a sick joke, and Pornhub executives have often revealed the real reason behind their opposition to safeguards: ItĀ limits their traffic.

Meanwhile, Pornhub — and other sites owned by parent company Aylo — are blocking their content in France in response to a new age verification law that came into effect on June 7. Solomon Friedman, Aylo’s point man in the Pornhub propaganda war,Ā statedĀ that the French law was ā€œpotentially privacy infringingā€ and ā€œdangerous,ā€ earning a scathing rebuke from France’s deputy minister for digital technology Clara Chappaz.

ā€œWe’re not stigmatizing adults who want to consume this content, but we mustn’t do so at the expense of protecting our children,ā€ sheĀ said, adding later, ā€œLying when one does not want to comply with the law and holding others hostage is unacceptable. If Aylo would rather leave France than apply our law, they are free to do so.ā€ According to the French media regulator Arcom, 2.3 million French minors visit pornographic sites every month.

Incidentally, anti-Pornhub activist Laila Mickelwait reported another major breakthrough on June 7. ā€œP*rnhub is deleting much of what’s left of the of the site by June 30,ā€ sheĀ wrote on X. ā€œTogether we have collectively forced this sex trafficking and rape crime scene to take down 91% of the entire site, totaling 50+ million videos and images. Now a significant portion of the remaining 9% will be GONE this month in what will be the second biggest takedown of P*rnhub content since December 2020.ā€

ā€œThe reason for the mass deletion is that they never verified the age or consent of the individuals depicted in the images and videos, and therefore the site is still awash with real sexual crime,ā€ sheĀ added. ā€œSince the fight began in 2020, 91% of P*rnhub has been taken down — over 50 million images and videos. Now a huge portion of the last 9% will be gone by June 30 because P*rnhub never verified the age or consent of those in the videos and the site is a crime scene.ā€

Featured Image

Jonathon’s writings have been translated into more than six languages and in addition to LifeSiteNews, has been published in theĀ National Post,Ā National Review,Ā First Things, The Federalist, The American Conservative, The Stream, theĀ Jewish Independent,Ā theĀ Hamilton Spectator,Ā Reformed Perspective Magazine, and LifeNews, among others. He is a contributing editor to The European Conservative.

His insights have been featured on CTV, Global News, and the CBC, as well as over twenty radio stations. He regularly speaks on a variety of social issues at universities, high schools, churches, and other functions in Canada, the United States, and Europe.

He is the author ofĀ The Culture War,Ā Seeing is Believing: Why Our Culture Must Face the Victims of Abortion,Ā Patriots: The Untold Story of Ireland’s Pro-Life Movement,Ā Prairie Lion: The Life and Times of Ted Byfield, and co-author ofĀ A Guide to Discussing Assisted SuicideĀ with Blaise Alleyne.

Jonathon serves as the communications director for the Canadian Centre for Bio-Ethical Reform.

Continue Reading

Business

Natural gas pipeline ownership spreads across 36 First Nations in B.C.

Published on

Chief David Jimmie is president of Stonlasec8 and Chief of Squiala First Nation in B.C. He also chairs the Western Indigenous Pipeline Group. Photo courtesy Western Indigenous Pipeline Group

From the Canadian Energy Centre

Stonlasec8 agreement is Canada’s first federal Indigenous loan guarantee

The first federally backed Indigenous loan guarantee paves the way for increased prosperity for 36 First Nations communities in British Columbia.

In May, Canada Development Investment Corporation (CDEV)Ā announcedĀ a $400 million backstop for the consortium to jointly purchase 12.5 per cent ownership of Enbridge’s Westcoast natural gas pipeline system for $712 million.

In the works for two years, the deal redefines long-standing relationships around a pipeline that has been in operation for generations.

ā€œFor 65 years, there’s never been an opportunity or a conversation about participating in an asset that’s come through the territory,ā€ said Chief David Jimmie of the Squiala First Nation near Vancouver, B.C.

ā€œWe now have an opportunity to have our Nation’s voices heard directly when we have concerns and our partners are willing to listen.ā€

Jimmie chairs the Stonlasec8 Indigenous Alliance, which represents the communities buying into the Enbridge system.

The name Stonlasec8 reflects the different regions represented in the agreement, he said.

The Westcoast pipeline stretches more than 2,900 kilometres from northeast B.C. near the Alberta border to the Canada-U.S. border near Bellingham, Wash., running through the middle of the province.

Map courtesy Enbridge

It delivers up to 3.6 billion cubic feet per day of natural gas throughout B.C. and the Lower Mainland, Alberta and the U.S. Pacific Northwest.

ā€œWhile we see the benefits back to communities, we are still reminded of our responsibility to the land, air and water so it is important to think of reinvestment opportunities in alternative energy sources and how we can offset the carbon footprint,ā€ Jimmie said.

He also chairs the Western Indigenous Pipeline Group (WIPG), a coalition of First Nations communities working in partnership with Pembina Pipeline toĀ secure an ownership stakeĀ in the newly expanded Trans Mountain pipeline system.

There is overlap between the communities in the two groups, he said.

CDEV vice-president SĆ©bastien Labelle said provincial models such as theĀ Alberta Indigenous Opportunities CorporationĀ (AIOC) and Ontario’sĀ Indigenous Opportunities Financing ProgramĀ helped bring the federal government’s version of the loan guarantee to life.

ā€œIt’s not a new idea. Alberta started it before us, and Ontario,ā€ Labelle said.

ā€œWe hired some of the same advisors AIOC hired because we want to make sure we are aligned with the market. We didn’t want to start something completely new.ā€

Broadly, Jimmie said the Stonlasec8 agreement will provide sustained funding for investments like housing, infrastructure, environmental stewardship and cultural preservation. But it’s up to the individual communities how to spend the ongoing proceeds.

The long-term cash injections from owning equity stakes of major projects can provide benefits that traditional funding agreements with the federal government do not, he said.

Labelle said the goal is to ensure Indigenous communities benefit from projects on their traditional territories.

ā€œThere’s a lot of intangible, indirect things that I think are hugely important from an economic perspective,ā€ he said.

ā€œYou are improving the relationship with pipeline companies, you are improving social license to do projects like this.ā€

Jimmie stressed the impact the collaborative atmosphere of the negotiations had on the success of the Stonlasec8 agreement.

ā€œIt takes true collaboration to reach a successful partnership, which doesn’t always happen. And from the Nation representation, the sophistication of the group was one of the best I’ve ever worked with.ā€

Continue Reading

Trending

X