said on Wednesday it now estimates costs for completion of its troubled Coastal GasLink project to be $14.5-billion, as it faces skilled labour crunch and adverse weather conditions.The costs are now up 30 per cent from the project’s previously pegged completion cost of $11.2-billion, which was already raised by 70 per cent in July from the initial budget.
The long-delayed pipeline is expected to be integral to Canada’s contribution to the global liquefied natural gas market, which has seen demand surge as Europe and Asia seek alternatives to Russian energy imports. Coastal GasLink’s workers were also attacked by masked assailants in February last year, damaging equipment and construction trailers worth millions of dollars.
What a scam
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Coastal GasLink price tag climbs to $14.5 billion and could go even higherTC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on. Ummm, anybody has info about that defi bot everybody's talking about Shame on Canada, shame on the Liberals shame on the NDP. Here we have a cash fountain and they just do everything they can to shut it down.
Source: financialpost - 🏆 7. / 85 Read more »
Alberta landowners fear repeat of orphan well crisis as renewable energy boomsConcerns are growing about the long\u002Dterm implications of Alberta\u0027s renewable energy boom. Read more. Schneider said, “These are large industrial developments, and the reclamation costs are going to be substantial,” he said. “We can see the warning signs, and we are being ignored.” Valid concern. Ask, what happens when the tax payer subsidized power agreements run out?
Source: financialpost - 🏆 7. / 85 Read more »
War in Ukraine to accelerate world’s shift to clean energy, BP saysIn its benchmark 2023 Energy Outlook, BP said the Ukraine war will slow global economic activity by 2035 by around 3% compared with last year’s forecast So the war is part of the climatescam No surprises here. PS GreenEnergy is a SCAM It doesn't take a rocket scientist to figure out that countries will turn to nuclear and coal to offset the decrease in oil and gas supply. But while there's nothing clean about coal, nuclear energy is definitely a clean and reliable way to go. Green coal is saving Germany
Source: globeandmail - 🏆 5. / 92 Read more »
South Africa moving to declare state of disaster over energy crisisThe IMF and other analysts are downgrading their forecasts for South Africa this year as the electricity shortages worsen
Source: globeandmail - 🏆 5. / 92 Read more »
Imperial Oil posts higher quarterly profit on elevated energy pricesImperial reported net income of $1.7-billion, or $2.86 per share, for the three months ended Dec. 31, up from $813-million or $1.18 per share, a year earlier Good. It is a business after all and employs 5500 people in Canada, not counting all the businesses that are supported by its existence.
Source: globeandmail - 🏆 5. / 92 Read more »