AIMS President and CEO Marco Navarro-Genie discusses the ban on hydraulic fracturing in Nova Scotia and argues that it hampers innovation. Instead of outlawing the practice, he suggests looking into ways that would make it environmentally friendly.
The banning of high-level onshore hydraulic fracturing by the Liberal government of Nova Scotia shouldn’t pose problems for companies wishing to explore, develop and frack natural gas wells in the province. “The one they are proposing to ban is high-volume, which is 20,000 wells or more,” said Marco Navarro-Genie, president and CEO of the Atlantic Institute for Market Studies (AIMS). Navarro-Genie was discussing the hydraulic fracturing of natural gas wells during a breakfast speech Friday morning at the Eaton Lobster Factory Hall in Pugwash. He said low-volume fracking is 4,000 wells and mid-volume is 12,000 wells.
What is high-volume fracking? Apparently, legislation is coming to ban it in Nova Scotia. Three days after the Wheeler report recommended Nova Scotia prepare community approval mechanisms, more area-specific science and an extensive regulatory regime before allowing hydraulic fracturing for oil and gas, Energy Minister Andrew Younger announced he will bring in legislation to ban high-volume fracking. The only reference Marco Navarro-Genie from the Atlantic Institute for Market Studies could find to such a practice in the report was with regard to the amount of wells drilled.
AIMS Senior Fellow in Electricity Policy Gordon Weil discusses his latest commentary on the risks and benefits of Muskrat Falls. He cautions about price uncertainty in the electricity market and suggests the creation of an Atlantic power pool to ensure stability.
AIMS Senior Fellow in Electricity Policy Gordon Weil outlines several opportunities to reduce risks and enhance the benefits of Newfoundland and Labrador's Muskrat Falls project. We also invited Ed Martin, the President and Chief Executive of Nalcor Energy, the project’s developer, to address the subjects covered in the paper.
Today, the Atlantic Institute for Market Studies (AIMS) publishes Muskrat Falls: Opportunities to Reduce Risk and Enhance Benefits by Dr. Gordon Weil, AIMS Senior Fellow in Electricity Policy. Ed Martin, President of Nalcor, provides a response, creating a public debate on the major new hydro project.
Today, the Atlantic Institute for Market Studies (AIMS) publishes Muskrat Falls: Opportunities to Reduce Risk and Enhance Benefits by Dr. Gordon Weil, AIMS Senior Fellow in Electricity Policy. Ed Martin, President of Nalcor, provides a response, creating a public debate on the major new hydro project. The two views on how to maximize the value produced by Muskrat [...]
AIMS Senior Fellow in Electricity Policy Gordon Weil outlines the risks and benefits of Newfoundland and Labrador's Muskrat Falls project, arguing "its greatest value may be in the role it can play in tapping regional benefits for the province and in promoting a regional power management system that will ensure savings for customers and promote systems better able to keep the lights on."
AIMS President and CEO Marco Navarro-Genie outlines the arguments against universities divesting from the oil and gas industry, arguing the nature of a veritable academic conversation, as are all conversations between engaged friends, is that it always remains open.
AIMS Senior Fellow in Electricity Policy Gordon Weil discusses Muskrat Falls and the future of electricity policy in Atlantic Canada on the Todd Veinotte show. More information is coming!