Canada energy news from around the world this week
PARIS, April 17, 2018 – While in Paris, the Minister of Environment and Climate Change, Catherine McKenna, met with France’s Minister for the Ecological and Inclusive Transition, Nicolas Hulot.
During their meeting, Minister McKenna and Minister Hulot discussed the implementation of the Paris Agreement, the acceleration of investment in clean energy, and the importance of the Canada-European Union Comprehensive Economic and Trade Agreement and progressive trade. They will continue working together to advance environmental priorities under the Canadian 2018 G7 presidency and the French 2019 G7 presidency, including joint climate action, the reduction of plastic in the ocean, and the protection of biodiversity.
As skeptical as I am about Canada’s Liberal Government and their commitment to Paris target numbers. Meeting with the French certainly couldn’t hurt!
Emmanuel Macron is SERIOUS about climate change, and France’s commitment is more than lip service. Recent deals with India on mega projects show the world France is taking it seriously.
The meeting between French and Canadian minister’s took place immediately before the two signed the France-Canada Partnership on Climate and the Environment, a new agreement between the countries to increase cooperation on climate action. The agreement includes commitments on joint work regarding sustainable finance, “a price on pollution”
(Which for those of you who read MP Michelle Rempel’s post, is the new buzz-word of choice for the Liberals…
London – The Prime Minister will meet with the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, the Right Honourable Theresa May.
More on this later in the week!
Back in Canada…
Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation”) (TSX: PONY) announced significant discovery test results for the first Montney horizontal well drilled on the Beg block.
Painted Pony drilled an upper Montney horizontal test well to a vertical depth of 1,800 meters and a lateral length of 2,267 meters. During the final 8 hours of the 6.6 day test period, the Well averaged an estimated rate over 2,000 boe/d including 10 MMcf/d of natural gas and an estimated 360 bbls/d of liquids (60% condensate and 40% NGLs) based on well head condensate plus calculated gas plant liquids recoveries from gas analysis.
Painted Pony’s Beg block is comprised of 36 net sections of Montney rights and is located on the northeast block of the Corporation’s Montney acreage in northeast British Columbia. The Beg block is approximately 12 kilometers northeast of the Corporation’s development activity on the Blair block. Based on the positive results of the Well and offset industry production, management anticipates all 36 sections to be prospective for Montney development.
What does that mean… well, quite simply… Canadian companies are still exploring for resources, as they should!
It is also ironic that these sections are in the NorthEast quadrant of British Columbia.
There is a LARGE disparity between the loud protesters in the lower mainland, and the rest of B.C.
I have heard from MANY MANY British Columbians that they don’t agree with Premier Horgan, and are proud to work in the Energy Sector.
Meanwhile, I’m off for a few days!
It was snowing when we left Calgary on a miserable Tuesday Morning…. and by “morning”, I mean 4am.. yeesh.
Our dear friend provided us with her Oasis in Arizona, and we reluctantly accepted (Hey, I’m on vacation but that doesn’t mean the sarcasm has to stop!)
We will have a few posts throughout the week, but not all of our Daily Features! Stay tuned!