Enbridge Energy got its last remaining permit to replace its Line 3 crude-oil pipeline yesterday from the U.S. Army Corps of Engineers, taking it one step closer to building line across northern Minnesota.
According to the Corps, the project complies with all federal laws and regulations.
“This decision (to approve the permit) is based on balancing development with protecting the environment,” said Col. Karl Jansen, commander of the Corps’ St. Paul District.
“Our decision follows an exhaustive review of the application and the potential impacts associated with the construction of the pipeline within federally protected waters. Our staff worked deliberately and extensively with our federal and state partners, federally recognized Tribes, environmental organizations and the applicant. I believe our decision is based on sound science and strikes the balance between protecting natural resources and allowing reasonable development.”
The next step for the project is to get a permit approved for storm water construction by the Minnesota Pollution Control Agency, and then it is up to the Public Utilities Commission (PUC), an independent council, to give a final go ahead to construction.
Currently, an appeal by the state Commerce Department is pending against the project, but if the project receives approval from the PUC, Enbridge can begin construction. The Associated Press has more.
Clean Arctic Alliance is criticizing a Nov.20 decision to pass an Arctic heavy fuel oil ban by the International Maritime Organization (IMO) for being full of loopholes.
Heavy fuel oil (HFO) for ships operating in the Antarctic have been banned by the IMO since 2010, and in a virtual meeting this week, the organization applied the ban to the Arctic.
The ban is set to begin on July 1, 2024, and includes many exemptions and waivers for vessels along with extensions until July 1, 2029.
“In its current form, the ban will achieve only a minimal reduction in HFO use and carriage by ships in the Arctic in mid-2024, when it comes into effect. It is now crucial that Arctic coastal states do not resort to issuing waivers to their flagged vessels,” Sian Prior, the lead advisor of the Clean Arctic Alliance, said in a statement following the decision by the IMO, writes Nunatsiaq News.
On Tuesday morning at 9:13 a.m., West Texas Intermediate had risen by 3.69 or US$1.69 and was trading at US$44.65, while Brent Crude had gone up by 3.28 per cent or US$1.51 and was going for US$47.57.
A new annual report released today by the Canada Energy Regulator (CER) shows that Canada will need a much more aggressive transition away from oil and gas if its net-zero emissions targets are to be met by 2050. The Energy Futures report shows that even if there are major policy announcements to help with emission curbing, oil and gas will still make up about two-thirds of energy sources 30 years from now.
“Achieving net-zero (greenhouse gas) emissions by 2050 will require an accelerated pace of transition away from fossil fuels,” the report reads.
Gitane De Silva, the CEO of CER, explained to The Canadian Press that the report is not meant to comment on current policy, but to provide a guideline for policy going forward.
The report considers two potential scenarios, the first assesses a business-as usual scenario and only uses the climate policies that are already in place, while the “evolving scenario” predicts results that will stem from the expansion of those policies. The latter scenario presents options including increasing the carbon tax, lowering market prices for oil and gas, and pricing renewables like wind and solar at lower levels.
In the “evolving scenario,” the demand for oil and gas peaked in 2019, and although it will fall 35 per cent by 2050, it will still account for 64 per cent of all energy used.
Meanwhile, Suncor Energy Inc. has agreed to become the operator of the Syncrude project by the end of 2021, with formal approval from each of the joint venture’s owners. The Canadian Press has more.
Canadian Crude Index was trading at US$30.67 and Western Canadian Select was going for US$31.16 this morning at 9:13 a.m.