Ceremony marks 35 years since start of the Oka Crisis
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National Post
44 minutes ago
- National Post
Patrick Lennox: A surefire way to increase oil production and lower emissions
If the Carney government is going to follow through on its plan to make Canada an 'energy superpower' and a world leader in 'responsible energy production,' it will need to take a more pragmatic approach to spurring private investment and innovation in cleaner energy production than its predecessor. Article content The Trudeau government's Bill C-59 received royal assent just before the Calgary Stampede kicked off last summer. It included the government's signature decarbonization policy initiative: a massive set of tax credits designed to reduce the upfront costs of investments in carbon-capture equipment. Over $12 billion has been earmarked to pay for these credits, making it one of the country's largest decarbonization outlays. Article content Article content Remarkably, one of the distinctive features of Bill C-59 was that it took pains to specifically exclude a tested and proven method of carbon sequestration that has the added benefit of extracting hard-to-reach oil and delivering it to the surface in a way that's significantly cleaner than oilsands development. Article content Article content The Trudeau government chose to exclude CO2-enhanced oil recovery (EOR), a process in which CO2 is pumped into oil reservoirs to increase production, from being eligible for its Carbon Capture Utilization and Storage Investment Tax Credit scheme because it did not want to support increased oil production with tax credits designed to incentivize emissions reductions. Article content In the oil and gas industry in western Canada, this approach is seen as the application of a 'purity test' against an industry that, while responsible for roughly a third of Canada's greenhouse gas emissions, remains vital to the Canadian economy. Article content The Carney government could easily remove this small exclusionary clause, which could unleash billions in investments in EOR and contribute massively to its energy superpower ambitions. For now, though, this potential capital — both foreign and domestic — is sitting on the sidelines. Article content Article content As an example of how EOR could help Canada reach both its climate and economic goals, consider that Saskatchewan's Weyburn-Midale fields stores an estimated three-million tonnes of CO2 annually from upstream emitters. Article content Article content Canada not only has the know-how and wherewithal to use these complex carbon-sequestration methods to further exploit depleted reservoirs, it is also home to some of the world's most amenable geology for it. According to the Canada Energy Regulator, it's theoretically possible to store hundreds of years' worth of the country's annual emissions using geological storage techniques. Article content Incentivizing carbon capture and storage across a range of energy sectors — including oil, gas, lithium and geothermal — would accordingly make a lot of pragmatic sense. Especially considering that EOR leverages existing wells, roads and infrastructure connected to legacy oil reservoirs and delivers low-carbon oil. Yet the current legislation allows for none of this.
CBC
an hour ago
- CBC
After 4 years paying the wrong power bill, it's been 6 months and counting for a refund
A Moncton man has been waiting for a refund for six months after discovering he had paid his neighbour's power bill for the past four years.
CTV News
2 hours ago
- CTV News
‘May not make it through the end of summer': Canada's duty-free shops struggling amid drop in cross-border travel
A sign for a duty free store at the Canada/U.S. border crossing in Saint-Bernard-de-Lacolle, Que., on Thursday, April 10, 2025. THE CANADIAN PRESS/Graham Hughes A duty-free shop at a New Brunswick border crossing is shutting down after more than three decades in business, with its owner warning that more closures could follow as Canada's trade tensions with the United States continue to strain cross-border traffic. John Slipp, owner of the Woodstock Duty Free Shop in Belleville, N.B., says he plans to close his store within the next six weeks, citing plummeting sales, a drop in Canadian travellers, and the lack of federal support. 'Canadians are not traveling across the border in anywhere near the numbers they normally would be,' Slipp said in an interview with CTV News Channel on Saturday. 'At the end of last year, we were down 20 per cent from 2019, still climbing out of the COVID hole. Now, we're talking 50, 55 to 60 per cent down versus 2019, which is the benchmark.' While American visitors are welcome, Slipp says his business is heavily dependent on Canadian travellers. 'Canadians are eligible and qualified to shop in a Canadian land border duty-free shop. They are the foundation of our business,' he said. 'And when you remove the tourism season in the summer months, we rely on those Canadians, who are no longer crossing the border.' The Frontier Duty Free Association, which represents 32 duty free stores across Canada, says many of its members have seen revenue drop between 60 and 80 per cent due to a slowdown in cross-border traffic and tourism. In June, the association joined 15 border-town mayors in calling for financial support from Ottawa and the alignment of tax and export rules to match American duty free policies. Slipp says he's spent the past year trying to manage with fewer resources and searching for government help. 'We certainly have been spending less money and trying to manage in a way that would allow us to extend life, if you would, and working with our trade association... to try to get government assistance,' he said, noting that his shop was closed for a year and a half during the pandemic and received some support at the time, under an emergency order, but that assistance has not been renewed. 'We've been asking for the ability to close temporarily and reopen,' he said. 'And for those of us that lease our land from the federal government, we've been looking for assistance, like rent deferral, which they did during the pandemic, but so far, there's been nothing on that front either.' Slipp says unless conditions improve quickly, more shops like his are at risk. 'Unless there is some miracle in the near future, it appears that my business, and I think probably another half a dozen Canadian land border duty-free shops, will not make it to the end of the year,' he said. 'Some of us may not make it through the end of the summer.' With closures looming, he's urging both the federal government and Canadian travellers to take action before it's too late. 'For many Canadians I'm sure they have appreciated the opportunity to receive the service and the tax-free goods, currency exchange, and the opportunity to spend their Canadian money in Canada,' he said. 'You're about to lose that not just at the Woodstock-Houlton border crossing, but at a number of border crossings across the country.' That's why, he says, the time to act is now. 'I would urge Canadians, if you are going to be crossing that border, keep your money in Canada. Spend it at a local Canadian duty free shop (and) help these businesses gain more life.'
