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Posted: May 27, 2021 4:00 AM ET | Last Updated: May 27
With its decision to rebrand, the Canadian Association of Oilwell Drilling Contractors joins several companies that have removed the word oil from their name over the last few decades. The group will become the Canadian Association of Energy Contractors after a formal announcement on Thursday. (Kyle Bakx/CBC)
The Complex Line 5 Pipeline Situation, Explained
The whole Line 5 pipeline situation under the straits of Mackinac, as I uncover more and more, seems to be a symptom to a larger, bi-national problem, including the lack of energy plan on either side of the border.
Proponents say the pipeline critical to the economy and energy infrastructure. Opponents say a double pipeline under the Great Lakes
especially one that’s not buried – poses a special threat to the unique fresh water resource.
What if both concerns are true?
And what if I told you that it’s a pipeline that provides half of the province of Ontario’s fuel needs and two thirds of Quebec? That’s around 23 million people that are reliant on this thing. That’s not mentioned much in this conversation.
Problems with two major oil and gasoline pipelines in the U.S. underscore how fragile the North American energy infrastructure grid is and how vulnerable Canadians are to supply disruption.
Oil majors have diametrically opposed views on renewables
In today’s oilpatch, a divide is growing between the oil majors as some companies are investing in alternative energy while other firms have no interest in it. Both face their own risks and challenges as the world shifts to lower emitting sources of energy.
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