IRENA: Renewable power cheaper than coal

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published on June 2 shows. Renewable Power Generation Costs in 2019 shows that more than half of the renewable capacity added in 2019 achieved lower power costs than the cheapest new […]

Canadian heavy oil cheaper than a pint of beer as North American demand for fuel plummets

CALGARY – As commuters stay home and lockdown orders spread across the U.S., the price of Canadian heavy oil has collapsed. Western Canadian Select heavy oil price benchmark fell 30.5 per cent on Thursday to US$6.45 per barrel, which analysts joke is less than a pint of beer. U.S. crude prices fell 7.7 per cent […]

‘Not looking for a Trudeau handout’: Alberta spurns notion of bailout in lieu of Frontier mine approval

OTTAWA — Alberta Environment Minister Jason Nixon flatly rejected any suggestion that Ottawa could placate the province with an aid package if it turns down the $20-billion Frontier oilsands mine. “Albertans are not looking for a Justin Trudeau handout,” Nixon said in a press conference Friday. “We’re not interested in that. We want Justin Trudeau […]