Personal account of Chairman of @Geologic. Opinions are my own.
Calgary
Joined March 2009
- Tweets10.9K
- Following972
- Followers325
- Likes12K
David Hood retweeted
Varcoe: WestJet CEO says high fuel costs for airline industry 'not a short-term bump in the road'
"We have to assume that this high fuel environment will stay for longer, and may even get worse."
calgaryherald.com/opinion/co… #ableg #yyc #yeg
David Hood retweeted
Gentle Reminder: the claim by @mzjacobson in the @youthvgov trial is a load of absolute bunk. It is predicated on a series of faulty/ridiculous assumptions about Canadian coastlines, solar and tidal power assumptions and ignores the challenges of Canada's geography #canpoli
David Hood retweeted
How #WoodfibreLNG has invested more than $50 million in environmental remediation, removing more than 470,000 tonnes of legacy waste and contaminated material, and rehabilitating a former landfill. Read more and watch here: bit.ly/4AlN78f #bcpoli
David Hood retweeted
Meanwhile, in the heavy oil market:
"... Heavy crude is essentially a race to the bottom for both Canadian and Venezuelan, and even high-sulfur fuel oil..." -- senior executive at US oil refiner Phillips 66 in conference call with shareholders
David Hood retweeted
"The Canadian energy superpower theme, while certainly not new, is finally happening.
Driven by global conflict, trade disputes, our continuing GDP decline, an affordability crisis, sovereignty challenges and energy security concerns, Canadians across the country increasingly support accelerated development of our energy resources."
"Canada is a leader in the full spectrum of energy — oil and gas, nuclear, hydro, renewables — but it is growing our oil and gas production that offers the largest and nearest-term economic benefit to the entire country."
financialpost.com/opinion/co…
David Hood retweeted
But can we agree that promoting LNG and mineral exports out of a mostly ice-covered port in Churchill using icebreaking, is a lot riskier than sending double hulled oil tankers out of Prince Rupert, which can already accommodate shipping containers that carry 50,000 barrels/8000 m3 of petroleum fuel in their own tanks?
Can we agree there are different standards being applied for political, rather than scientific or technical, reasons?
David Hood retweeted
Varcoe: High energy prices pushing up inflation – and interest rates – but also spending plans for Canadian oilpatch
“The way that 2027 is lining up, it’s . . . going to be the strongest activity we have seen in Canada since 2017."
calgaryherald.com/opinion/co… #ableg #yyc #yeg
David Hood retweeted
MUST READ: The WhatsApp messages shaking up the oil tanker industry.
"... The details vary, but the messages from Sinokor Group [...] mostly boil down to the same thing — one of its vessels has just been hired at a new sky-high rate..."
@alexlongley1
bloomberg.com/news/articles/…
David Hood retweeted
The guidelines for the "greenwashing" regulation - one of Danielle Smith's 9 Bad Laws - have been updated.
The road to hell is paved with good intentions. The high-handed greenwashing bill turned environmental transparency into a legal liability rather than a competitive advantage, and many companies in Canada simply stopped reporting their environmental performance and targets as a result.
While these are a big improvement from the original 2024 regulations, there's still lots of compliance uncertainty. I don't think these changes will get companies to start reporting on environmental performance again.
competition-bureau.canada.ca…
David Hood retweeted
#WoodfibreLNG is in the running for a 2026 Brownie Award from @Enviro_Journal, for Woodfibre's brownfield redevelopment. Woodfibre invested more than $50 million in environmental remediation at its site, location of an old pulp and paper mill. bit.ly/4iuFeqJ
David Hood retweeted
I sat down with @marcelcrok @ClintelOrg for a wide-ranging discussion and debate over climate science and policy. I enjoyed our conversation.
Now available . . .
Scrap the Paris temperature targets, says @RogerPielkeJr. They don’t tell us which policies work.
Yet households and businesses pay the price of those policies. And their patience has limits.
Ever-higher energy bills. Industry moving abroad. European leaders should not be surprised when the yellow vests return. Pielke also sees expensive energy as a driver of the political upheaval across many countries.
His “iron law”: when climate policy collides with the economy, the economy wins.
A temperature target or a deadline for “net zero” won’t change that. His alternative: technological progress that cuts emissions AND increases prosperity.
In conversation with @marcelcrok, Pielke explains why climate policy needs a rethink — and why he is finally optimistic.
Watch the full interview:
youtu.be/QFrAGK_OEXk
David Hood retweeted
Canadian heavy crude is fetching near-record premiums across the Pacific, bolstering the case for the country’s plan to build a new pipeline to its west coast.
A barrel of Canadian Cold Lake crude delivered to South Korea traded at a record $9.50 a barrel more than the Dubai crude benchmark in September.
It’s a stark contrast to the weakening price Canadian oil is getting in the US, its biggest market. Oil sands benchmark Western Canadian Select’s discount, called a differential, to a monthly average of West Texas Intermediate futures widened to as much as $28.25 a barrel in Alberta last week, the biggest in almost four years.
bloomberg.com/news/articles/…
David Hood retweeted
Snow, a possible Chinook, and what about Halloween? The Prairies have a little of everything in store this week.
My Oct. 26–Nov. 1 Prairie Weather Outlook: ruralrootscanada.com/prairie…
David Hood retweeted
Varcoe: New $5B Alberta data centre proposal takes form west of Edmonton, while Calgary councillors seek moratorium on such developments
“I’m not surprised to see some municipal leaders who — they're bullish, but they’re cautious."
calgaryherald.com/opinion/co… #ableg #yyc #yeg
David Hood retweeted
Clear understanding of climate pragmatism via @Schwarzenegger
“It’s like when you do bodybuilding, you know, if you want to win the Mr Universe title and you want to have 20-inch biceps, at one point you have to say, OK, next year I have to have 14 inches. And in two years from now, I have to have 16 inches”
Schwarzenegger urges nuclear power for California to ‘terminate pollution’ ft.trib.al/3BIAXPu
David Hood retweeted
Canada has the energy that the world needs, and global demand is rising.
Investing in our natural gas sector today will create prosperity for decades to come.
David Hood retweeted
Across the rich world, nearly a quarter of all development aid now goes to climate projects.
The core problem is opportunity cost. Every dollar subsidizing solar panels or carbon accounting is a dollar not spent on schools, maternal health or clean water.
financialpost.com/opinion/op…
David Hood retweeted
Canadian heavy crude is fetching near-record premiums across the Pacific, bolstering the case for the country’s plan to build a new pipeline to its west coast.
bloomberg.com/news/articles/…