Weekly Energy Charts
December 23, 2022
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Keystone pipeline restart delayed
Erica Beattie
Earlier this month, TC Energy shut its Keystone pipeline after more than 14,000 barrels of crude oil spilt into a river in Kansas. This was one of the largest crude spills in the United States in over a decade. The company had anticipated a full return on December 20th, but this has now been pushed back to December 28th, according to an article by the Financial Post. The specific reasons for this delay have not been released, nor has an estimate for the cost of the full return. TC did previously mention that the cold weather could prolong the clean-up of the spill, but no other explanations were mentioned. What is for certain is that this spill has agitated oil markets, resulting in supply shortages at some key storage hubs and delivery points.
Cleanup of the Pipeline
Germany’s Coal Revival
Erica Beattie
Germany is shifting priorities from climate action to energy security, with its plan to increase coal consumption to minimize the impact of the current energy crisis. Data compiled from Bloomberg shows that the nation is burning more coal for electricity than it has in the last six years. Coal appears to be making a comeback across the globe as countries attempt to stop rising energy costs from causing any more economic turmoil - this crisis is especially prevalant in Europe. Germany is attempting to balance its current energy security dilemma with its long-term goal of net-zero emissions by 2045. Carlos Fernandez Alvarez, the acting head of gas, coal, and power at IEA, made the statement, “… when you face the dilemma to keep the lights on or decrease carbon emissions, the choice is to keep the lights on.”
Germany has plans ideally to phase out coal by 2030, but with the current situation, this goal is looking less realistic. The original article has more details on the cause for this revival of coal, as well as how Germany plans to move forward.
Biomass(ive?) Controversy
Marc Vermette
Based on provincial regulation changes, Nova Scotia Power now plans to utilize biomass as a means of power generation for the next few years.
However, adoption of this ‘renewable energy’ has sparked debate between the forestry industry and environmentalists.
Ecology Action Centre’s Ray Plourde called the decision “a sick joke” and argued that it was not a real solution to any ongoing crises.
“It’s a disaster for the atmosphere and […] biodiversity.”
Comparison of GHG emissions from fossil fuels and biomass resources (Bates et al., 2009)
He referenced a recent Australian policy where electricity generated by burning timber is no longer classified as renewable energy.
On the other hand, Natural Resources Minister Tory Rushton points towards timber biomass as a temporary tool to help Canada through the energy crisis. Rushton also mentioned how sawmills in the province have lots of wood byproducts that could finally be utilized, while highlighting that the regulations prohibit the cutting of whole trees to generate electricity via biomass.
Plourde claims that better uses for these byproducts would be making pressboard, biochar, or for district heating.
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