Difference between project starts in western Canada and Quebec

[Sol Tee Nutz]

Projects cancelled in the west.
Northern Gateway.. $7.9 billion
Energy east.. $15.1 billion
Prince Rupert LNG.. $16 billion
Teck.. $20 billion
WCC LNG.. $25 billion
Aurora LNG.. $28 billion
Pacific NW LNG $36 billion.

Projects cancelled in Quebec

Zero

The latest Teck shutdown shows that unless you open shop in Quebec chances you will not have an easy time to start up.
,

 

[jalimon]

STN sorry for my ignorance but do we have ongoing fossil fuels energy project in Quebec right now?

 

[Sol Tee Nutz]

^^^^^^

Quebec energy*production*is*basically limited to electricity and biomass.*Fossil fuels are*not produced and*are*therefore imported. Electricity*is*the most-used form of*energy*inQuebec*(40%), followed closely by*oil*(39%) and natural gas (13%)

Quebec harvests minerals, this process uses lots of fossil fuels.
One fifth of Canada's*mining*output comes from*Québec. ... The main metals*mined*are, in decreasing order of shipment value, gold, iron, nickel, titanium, niobium, copper and zinc. In addition:*Québec*is one of the rare producers of niobium, titanium dioxide, cobalt and platinum in the world.

 

[Sol Tee Nutz]

This is a worthy post, listen to the end.

https://m.facebook.com/story.php?story_fbid=10157126744717379&id=27321532378

 

[Sol Tee Nutz]

Quebec new cement factory, given green light with no environmental review will increase GHG's by 5%

https://montrealgazette.com/news/qu...ion-cement-plant-without-environmental-review

 

[Sol Tee Nutz]

Another one. Quebec will not harvest its fossil fuels because it will reduce its equalization payments, same reason Quebec has cheap electricity, if the rate goes up payments go down. Quebec hydro profits are also excluded from the equalization formula.
Is this really fair to the rest of Canada.

https://www.fraserinstitute.org/art...as-equalization-payments-are-not-always-equal

 

[Sol Tee Nutz]

Investors ditching Canadian stocks due to pipeline blockades ( in the article )

https://business.financialpost.com/...over-canada-stocks-as-flows-dip-to-7-year-low

 

[bodick7]

Projects cancelled in the west.
Northern Gateway.. $7.9 billion
Energy east.. $15.1 billion
Prince Rupert LNG.. $16 billion
Teck.. $20 billion
WCC LNG.. $25 billion
Aurora LNG.. $28 billion
Pacific NW LNG $36 billion.

Projects cancelled in Quebec

Zero

The latest Teck shutdown shows that unless you open shop in Quebec chances you will not have an easy time to start up.
,

Zero? Let see...

https://www.lapresse.ca/affaires/202003/04/01-5263360-gnl-quebec-en-peril.php

 

[Flabert]

Am not a leftwing nut by any means but I realized something recently: fossil fuels will be done soon.

Climate change and the environment are a good reason but the reality is low cost renewables (whose cost keeps coming down) as well as ever better electric cars and trains, etc. are the game changer. It won’t be a big bang just a slow death with some projects succeeding but fewer and fewer. A lot of that oil especially tar sands will never be harvested. Sucks to hear but it is reality.

Alberta has a great economy with skilled workers. It will get over it

 

[bodick7]

Am not a leftwing nut by any means but I realized something recently: fossil fuels will be done soon.

Climate change and the environment are a good reason but the reality is low cost renewables (whose cost keeps coming down) as well as ever better electric cars and trains, etc. are the game changer. It won’t be a big bang just a slow death with some projects succeeding but fewer and fewer. A lot of that oil especially tar sands will never be harvested. Sucks to hear but it is reality.

Alberta has a great economy with skilled workers. It will get over it

Completely agree. They didn’t diversify their economy during good times. They did cut taxes instead. Before good times, they were heavily subsidized...
Now, what should they know is that after Enbridge pipeline has been reversed, the majority of Quebec crude now come from North America. Albertan crude is so low quality that suncor and Valero has to mix it before refining.
I would bet my 10$ on Québec economy instead of Alberta for upcoming years.

 

[Flabert]

Ouch, brent down like 30% tonight... of course these projects are funded/cancelled on long term expectations but this does not help!