Electrification Accelerating

Electrification technologies are quickly changing the way we live, work, travel. It may be hard to see in some cases, especially when buried beneath the surface ;). This week, I thought I would share some articles from both sides of the discussion with that in mind—first, a recent article out of NY, which is making significant progress on decarbonizing tall buildings. Also, an exciting story of how a PortsToronto ferry has recently electrified. Our last two articles relate to future impacts on the fossil fuel industry; Canada considers subsidizing carbon capture technology in the oil patch with solid opposition from academic groups. And in the Permian basin, Long-term production projections suggest a cautious approach to production growth as drillers run out of"sweet spots."

-Jeff Hunter

Decarbonizing Tall Buildings with a New York State of Mind

New York’s Climate Leadership and Community Protection Act (Climate Act) mandates 100 percent zero-emissions electricity by 2040 and economy-wide carbon neutrality by 2050. That means that billions of square feet of New York buildings have 28 years to wean off the fossil fuel combustion and fossil-fueled steam that heat the majority of the building stock today.

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Green Ferry Refit First of It's Kind In Canada

A newly retrofitted electric ferry is the first in Canada to be powered completely by a zero-emissions, lithium-ion power and propulsion system containing no diesel fuel components.

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More than 400 academics urge Canada to ditch carbon capture tax credit

“The danger of using further public money to support oil and gas production is that it will prolong and expand oil and gas production,” he said. What’s more, if oil consumption plummets as the world moves aggressively to decarbonize, the investment in carbon capture infrastructure could create “stranded assets” as oil production in Canada declines.

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Running Out Of Sweet Spots: Shale Growth May Not Materialize

• U.S. shale drillers are looking to boost production in the short term
• Industry data suggests that well depletion is advancing
• Drillers remain upbeat about the short term forecast for shale oil production

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UPCOMING EVENTS

SAVE THE DATE: OGA Annual Conference
April 26th (more details coming soon!)

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