The National Weather Service has elevated Hurricane Beryl to a Category 5 storm, the earliest a hurricane has ever received such a designation and a reminder of the weather-related risks to the domestic production of oil and energy. Climate change is producing larger and more frequent storms, which in ... READ MORE >
climate change
Accounting for climate risks in business decisions
After a slow start, hurricane season has taken a significant toll in North America this year. Hurricane Fiona devastated Canada’s Atlantic provinces, leaving hundreds of thousands of people without power. Less than a week later, Hurricane Ian laid waste to vast areas of Florida and the Southeastern United ... READ MORE >
The U.S. infrastructure package is a call to action for Canada
The infrastructure package recently signed into law in the United States will lead to increasing productivity and innovation, but it also has the potential to widen the gap between the U.S. and Canadian economies. The $1.2 trillion package not only highlights the relative lack of investment in ... READ MORE >
This week in energy: Infrastructure bill, carbon capture, oil prices up
In this week's energy industry analysis, we take a look at the recently passed infrastructure bill's implications for the sector, proposals for carbon capture and storage projects in Canada, and the recent rise in oil prices. Infrastructure implications The infrastructure bill passed by the House on ... READ MORE >
How the construction industry can work toward a net-zero future
The construction industry has been resilient through the pandemic even as it confronts shortages of workers and raw materials, and rising inflation. But these challenges will pale in comparison to the ones that contractors will face as nations race to meet aggressive goals in reducing carbon ... READ MORE >
Carbon pricing—in the spotlight at COP26—could mean big shifts for global trade
Conversations last week at the United Nations Climate Change Conference, known as COP26, made clear that increases in carbon prices and in the adoption of carbon pricing programs are critical to reduce carbon emissions to keep the global temperature increase under 2 degrees Celsius. Though long touted ... READ MORE >
This week in energy: COP26, Permian production, Canada Cabinet shuffle
In this week’s energy industry analysis, we take a look at priorities for the upcoming United Nations climate change conference, the recent production surge in the Permian Basin, and new Cabinet appointments in Canada. 1. U.N. climate change conference Next week, the United Kingdom will host ... READ MORE >
A bumpy path toward a net-zero future
As world energy leaders prepare to kick off a major United Nations conference on climate change on Sunday, the global energy crunch has added a new wrinkle to their ambitions: Nations, to keep their economies on track, are turning back to high-emissions coal as natural gas falls into short ... READ MORE >