Geothermal, lithium, and hydrogen production requires many of the same skills as oil and gas production. Existing or abandoned oil and gas wells may also offer low-cost opportunities to tap into these resources. The hottest, deepest wells could be suitable for geothermal. Wells with more wastewater than oil may be best for lithium. And the emerging technical capacity to convert existing wells to hydrogen production offers the potential for cheap, clean fuel for trucking and industry.
Full article available here. Canada has a great opportunity to accelerate its energy transition and create a thriving low-carbon economy. How? By creating green income trusts with the same federal tax benefits that prevailed in the early 2000s, therefore giving private investors incentives to massively scale up investments in new low-carbon energy technologies.
Full article available here. In discussions with thought and industry leaders about geothermal over the past months, two themes have consistently come up. The first is the (glaring) historical disparity in levels of support, subsidies, incentives and funding between geothermal and other renewables like solar and wind. Why does that exist, and how do we fix it? The second adds (potentially significant) complexity to the hopeful future of oil and gas companies pivoting toward geothermal development and strategic investment, and into the future of green drilling.
Read full article here. The COVID-19 crisis has ushered in a ‘Team Canada’ spirit. Our energy industry needs the same5/21/2020
As governments look toward reopening the economy and returning to some semblance of life as we knew it, this “Team Canada” approach should be brought to bear on other issues faced by the country – perhaps especially so on the messy intersection of energy, climate change and Indigenous rights in Alberta, where the economic fallout of current events has already been devastating.
Full article available here. As oil and gas companies falter under the weight of Covid-19 shutdowns, price wars, and their own massive debt burden, an unlikely beneficiary seems to be emerging: geothermal power.
Full article available here. |
Archive
December 2020
|