​Finding the oilsands sweet spot between environment and economics: This week’s best quotes

Image: Joey Podlubny/JWN

Here are some of the most meaningful quotes from news coverage in the Daily Oil Bulletin for the week ending September 1, 2017.

"Given the unprecedented flooding in the city of Port Arthur, it remains uncertain how quickly the flood waters will recede, so we cannot provide a timeline for restart at this time."

— A statement from Motiva Enterprises regarding the status of the largest refinery in the United States, which was shut on August 30 due to flooding from Tropical Storm Harvey.

“I think the investors might have lost their appetite for junior [oilsands] players who don’t quite have the financial capabilities to carry on past a setback, and also the inferior resource that most junior companies had…Although the junior sector participated in the big rush to get land and projects built and financed, the business is going to be a bit more cautious with oilsands juniors.”

— BlackPearl Resources CEO John Festival, commenting on the future of smaller oilsands players, who he feels still have a role to play but only selective projects will receive financial backing.

"We will be in the water blocking them. This camp is about how to safely intervene directly with construction barges, tugs and oil tankers in a way that challenges them in a safe and disciplined way."

— John Sellers, a member of the Mosquito Fleet, during participation in a camp off the northwest coast of the U.S. where over 100 environmental activists gathered practicing seaborne drills to disrupt construction on the expansion of Kinder Morgan Canada’s Westridge crude oil terminal.

“We are not going to advance cost competitiveness at the expense of the environment, and we are not going to throw ourselves on the cost competitiveness stake for the sake of the environment.”

— Jonathan Matthews, director of the greenhouse gas environmental priority area for Canada’s Oil Sands Innovation Alliance, describing the “sweet spot” the group looks for in screening an innovation idea.

“Equivalency agreements [EAs] are likely to be a big part of how several of those policies under the Pan-Canadian Framework [PCF] on Clean Growth and Climate Change are advanced, and they may make the difference in the end in terms of what actually happens on the ground in relation to climate policy in Canada.

“We see federal-provincial negotiations as the new normal in relation to climate policy, and EAs will be an important venue for the federal government to hold the line on the ambitiousness of their policies with the provinces to ensure the good work done by both the feds and provinces onto the PCF so far aren’t squandered by politics.”

— Bora Plumptre, analyst with the Pembina Institute, discussing Pembina’s view on systems that would allow a lower order of government to be exempted from federal regulations when that government already has equivalent rules or requirements in place.

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