Official (Alberta) Oil Discussion Thread

[cal_guy]

Originally Posted by PaperBagger'14

If its the same coal as whats mined out of south eastern BC, that coal isn't used as energy, rather for its uses in metallurgy. Since it is of very high quality, that coal is often used in the production of metals as it has very few contaminants compared to your average coal.

I'm not saying that's what its used for, I was just under the assumption that if its coal from BC, its probably metallurgical.

97% of all Canadian coal exports are metallurgical coal so you're probably right.

[burn_this_city]

Originally Posted by SebC

So there's going to be a task force because they don't know what to do with the money, but somehow know that they've got the right amount?

Husky went cap in hand a couple months ago for their White Rose project, I would assume most of the money will go to that project.

[Mr.Coffee]

Originally Posted by cal_guy

97% of all Canadian coal exports are metallurgical coal so you're probably right.

Metallurgical coal is still melted down and that process also has carbon emissions all the same guys (more maybe even?). Whether they are burning it for energy or smelting it for metals it doesn’t matter because the end result is still bad for the environment.

How does B.C. get away with such bs? They act as if the coast is theirs and they’re the stewards of the environment when in actuality they’re probably worse than Alberta when it comes to actually making an effort on environmental innovation and trying to do things the right way. Dump sewage in the ocean, export coal and block lighter end fuels with less emissions, install jet fuel pipeline to Vancouver airport but block Alberta’s connections all in the name of money (let’s be honest), grow ferry trips in allegedly sensitive whale / ecological habitat but block oil tankers even though no history of spillage or the most minute chance of it happening... allow ships of horrendous chemicals, sugar, other massive marine contaminants sit around Vancouver harbour no worries... block development everywhere else on the coast if possible, protest oil and gas.

What a bunch of irrational, illogical sheepy chumps. BC is probably right neck and neck with Quebec for provinces that care the least about the environment.

[GGG]

The argument for metelurgical coal is the lack of a suitable alternative. Hydrogen injection tech is getting there but in its infancy. Compared to coal for power where gas and nuclear are 100% viable replacements.

[Yoho]

https://twitter.com/user/status/1311039309323988992

[Looch City]

Gotta optimize that synergy

[ah123]

Originally Posted by Yoho

https://twitter.com/user/status/1311039309323988992

My observation (from when I was at TC): TC lays off people (quietly) every six or so months (Feb/March, and September).

(I was let go as part of the last go round )

[nik-]

God that form of communication is ####ing obnoxious. Lets jam as many buzzwords into a sentence as we can. People who do that realize it's transparent right?

[Looch City]

Originally Posted by nik-

God that form of communication is ####ing obnoxious. Lets jam as many buzzwords into a sentence as we can. People who do that realize it's transparent right?

It feels like they went "right-click, find synonyms" on every single word.

[Regorium]

Originally Posted by nik-

God that form of communication is ####ing obnoxious. Lets jam as many buzzwords into a sentence as we can. People who do that realize it's transparent right?

Extremely transparent, but it maintains plausible deniability.

That answer basically confirms layoffs and doesn't say anything more, and most importantly, has nothing quote-worthy for media. Perfect PR answer.

[Izzle]

So lovely of TC to take the $7.5 billion from Albertans and lay off.... Albertans.

Q4 reporting likey will show C suite management with nice bonuses.

Sent from my Nexus 6P using Tapatalk

[Harry Lime]

Somebody ok'd the word 'tranche' in a public statement.

[JR449]

Originally Posted by Looch City

It feels like they went "right-click, find synonyms" on every single word.

Like they Copied and Pasted Huskys lay off letter and just manipulated it a bit lol.

[RichieRich]

https://calgary.ctvnews.ca/tc-energy...sion-1.5126163

[Salt Water Cowboy #10]

Originally Posted by Harry Lime

Somebody ok'd the word 'tranche' in a public statement.

They also use the word Expansion... while doing layoffs

[JR449]

Originally Posted by Izzle

So lovely of TC to take the $7.5 billion from Albertans and lay off.... Albertans.

Q4 reporting likey will show C suite management with nice bonuses.

Sent from my Nexus 6P using Tapatalk

Any links showing they got that much from our Government? Damn shame

[Nufy]

I think they are referring to the investment in Keystone XL.

Liguids pipeline...

Totally separate from yesterdays changes in CGO...Canada Gas Operations...

[ah123]

Originally Posted by Salt Water Cowboy #10

They also use the word Expansion... while doing layoffs

Just received a text from a former colleague of mine, and apparently it is mainly “older and long-term” people that were affected. I called it “managing pension liabilities”. This was just the Canada Gas side which had the layoffs, nothing in the corporate side (yet)

[TSXCman]

Just got my notice from TC. Will be leaving after 6 years service.

[Nufy]

Sorry to hear that.

I survived this round.