Carney’s industrial strategy is strongest where government builds shared productive capacity and leaves firms and technologies to compete over how it is used.
Mark Carney’s industrial-policy agenda has reopened a debate Canada never really escaped: when should government build, finance or shape productive capacity, and when should it leave the result to markets? The proposed C$25 billion Canada Strong Fund makes the question concrete because Ottawa would borrow to capitalize an investment vehicle … [continued]
Germany’s 6 GW hydrogen headline shrinks sharply once the reservations and planned network are unpacked.
Germany’s hydrogen industry finally has a demand number it can put in a headline: nearly 6 GW of paid reservations on the country’s emerging hydrogen core network. FNB Gas presented the reservations and customers’ willingness to pay as a strong indication that the hydrogen economy is gathering momentum. Six gigawatts … [continued]
Alberta’s visible oil-sands growth already has lower-risk exits; the proposed million-barrel west-coast line needs a much larger commercial story.
Canada has made a proposed one-million-barrel-per-day west-coast pipeline more politically real just as the barrel case has become harder to defend. The official project now has a route concept from the Edmonton region to southern British Columbia, Trans Mountain as the public-sector builder and operator, and an ownership structure involving … [continued]
Carney gains political space from the Alberta pipeline deal, but the pipeline itself remains more symbol than funded project.
The new Alberta pipeline deal should be read as political strategy first and infrastructure second, if second at all. Prime Minister Mark Carney gets something real from it: a “Canada is open for business” signal, a trade-diversification pathway to point at, and a way to undercut opponents who want to … [continued]
ChatGPT created photorealistic aerial image of the TMX pipeline construction cutting through rugged terrain, capturing the scale and engineering complexity that contributed to the project's cost overruns
Infrastructure megaprojects have an irresistible allure, and the Netherlands and Canada are illustrative of this. Governments, engineers, and industrial backers alike see in them the potential for transformative leaps forward—massive pipelines to move energy, corridors connecting resources to markets, and infrastructure that promises to underpin entire industries or energy transitions. … [continued]
ChatGPT & DALL-E generated image from a bird's eye view that captures a large pipeline rupture, with carbon dioxide forming a dense, ground-hugging mist that ominously envelops nearby residences and buildings.
In 2020, a bucolic part of western Mississippi, the tiny village of Satartia, experienced a terrifying disaster. About 300 people live in the village and surrounding area. It’s in the county of Yazoo, whose population density is 11 per square kilometer. For contrast, New York City’s density is 1,000 times … [continued]
Alberta’s oil firms are getting exactly what they asked for, but what they clearly never needed. And it’s going to cost them and Canadians dearly as a result.
Steel will not remotely be a constraint for global transformation of energy over the coming decades. We make vastly more of it per year than annual requirements, and there’s an increasing amount of scrap being created.
The global solar PV pipeline now exceeds 200 GW, according to new figures released by IHS. As one of the leading sources of solar analysis, IHS published the latest edition of its Solar Deal Tracker this week, in which it finds that the global solar PV pipeline has now exceeded … [continued]
As newly elected members took their seats in Congress yesterday for the first time, Washington’s almighty kerfluffle about the Keystone XL pipeline resurfaced. Here’s some background. Calgary-based TransCanada proposed several years ago to send oil from the Canadian tar sands terminal at Hardisty, Alberta, via a small-diameter Keystone pipeline routed … [continued]
