ARC ENERGY IDEAS

• Canada’s New Nation-Building Projects and the IEA 2025 Outlook

  This week on the podcast, Jackie and Peter break down the Canadian government’s latest release of nation-building projects. The second tranche includes a major LNG export development, Ksi Lisims LNG, along with a new electricity transmission line in Northwest B.C., three mining projects, and plans for a Northwest Critical Conservation Corridor. They then turn to the IEA’s World Energy Outlook (WEO) 2025, which reintroduces the Current Policies Scenario (CPS) after a five-year hiatus. The CPS examines how global energy demand evolves under existing policies and shows oil and gas consumption continuing to grow through 2050. The report also highlights the energy requirements of rapidly expanding AI data centers. Jackie and Peter debate how this surge in load will be met—and which energy sources are most likely to power it. Content referenced in this podcast includes:Prime Minister Carney announces second tranche of nation-building projects referred to the Major Projects Office (November 13, 2025) IEA World Energy Outlook 2025 (November 12, 2025) Open Circuit Podcast (November 7, 2025) The Stargate Project (January 2025) How Meta’s Data Centers Drive Economic Growth Across the US (November 7, 2025) US electric vehicle sales slow as Trump champions petrol (November 13, 2025) Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• Our Take on Canada’s Budget 2025

  This week on the podcast, Jackie and Peter share their insights on Canada’s 2025 federal budget, released last week and expected to pass on November 17. They also briefly introduce the topic of COP30, which started the day they recorded, and Bill Gates’ recent memo on climate.  They discuss several aspects of the budget, including the size of the deficit and debt, government plans to reduce day-to-day operating expenses, and several tax measures—notably, new Productivity Super Deduction and the updated accelerated capital cost depreciation rules for LNG, which are supportive, but still less generous than the Productivity Super Reduction. They also examine the introduction of new investment tax credits (ITCs) for clean energy. These incentives were largely anticipated, having been announced in the previous budget but never enacted. A major focus is the proposed Canada Climate Competitiveness Strategy, which aims to strengthen industrial carbon pricing while preventing carbon leakage. Jackie and Peter explore related policy commitments, including maintaining methane-reduction regulations and the Clean Electricity Regulation, along with signals of possible flexibility around the removal of the oil and gas emissions cap. However, they note that such flexibility may depend on the deployment at scale of carbon capture and storage, which remains uncertain.Content referenced in this podcast includes: Canada Budget 2025 Bill Gates Memo “Three tough truths about climate”  (October 2025) The Hub.ca article by Trevor Tombe “There’s a big gap between rhetoric and reality” (November 2025) Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• Canadian Electricity: Insights from Jason Chee-Aloy from Power Advisory

  This week on the podcast, our guest is Jason Chee-Aloy, Managing Director at Power Advisory LLC. The firm provides expert consulting services in the electricity sector across Canada and the United States. A new report from CanREA and Dunsky forecasts a rapid build-out of new electricity generation across the country. With this growth forecast in mind, Jason shares his insights on several major new electricity generation projects shaping Canada’s power landscape — including the planned hydropower dam expansion along the Churchill River by Quebec and Newfoundland and Labrador. Jason, Jackie, and Peter also discussed the proposed Wind West project in Nova Scotia, where the province estimates its offshore wind potential could exceed 60 GW of capacity, with up to 40 GW of dependable output.  In addition, Jason provides an update on Alberta’s ongoing electricity market redesign — the Alberta Restructured Energy Market (REM) — following the release of the Final Design document from the Alberta Electric System Operator (AESO) in August. Content referenced in this podcast:  Canada’s Renewable Energy Outlook 2025 by CanREA and Dunsky  Wind West Plan by the Nova Scotia Government  Alberta Electricity System Operator (AESO) Restructure Energy Market Final Design (August 2025) Alberta Electricity System Operator “MPA Independent Assessment of the REM Design” (August 2025)Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• LNG Ambition, Pipelines, and the Climate Debate in Canada

  This week on the podcast, Jackie and Peter begin with a roundup of the latest developments in Canadian energy. They start by discussing Prime Minister Carney’s remarks at the ASEAN Summit in Malaysia, where he suggested that Canada could export up to 50 million tonnes of LNG per year (about 6.5 Bcf/d) by 2030, with the potential to double that by 2040. They then turn to the upcoming federal budget, which is expected to include details about Canada’s Climate Competitiveness Plan. Another key topic is President Trump’s decision to suspend trade talks with Canada following controversy over Ontario’s free-trade advertisement. Next, the hosts reflect on Peter’s recent commentary in The Hub, titled “Even if Alberta gets a new pipeline, what’s next for the oilsands?” Finally, Jackie talks about her recent appearance on a CBC podcast that explored whether Canada can build pipelines while fighting climate change. She explains why she felt the show’s coverage was not balanced and shares her broader concerns about how climate and energy topics are often framed in mainstream Canadian media.Content referenced in this podcast: The Globe and Mail, “Carney’s climate vision is to deprioritize emissions targets, focus on economic advantages” (October 14, 2025) The Hub “Peter Tertzakian: Even if Alberta gets a new pipeline, what’s next for the oilsands?” (October 4, 2025) CAPP Data Centre, “The Economic Impact of Canadian Oil and Gas,” see slide 23 titled “Canada’s Gross Domestic Product (GDP) by Industry | 2024” Government of Canada Publications, “Public Opinion Research on the National Adaptation Strategy,” (March 2025), see page 6: “A vast majority of people living in Canada (84%) consider climate change an important issue” Angus Reid Institute, “Pipeline Push: Majority of Canadians, including BC Residents support the idea of a pipeline to the north coast” (October 9, 2025) CBC Ideas Podcast “Can we have new pipelines and curb climate change too?” October 7, 2025Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• Pipeline Politics and Canadian Unity: A Conversation with the Honourable Jason Kenney

  Oil pipeline politics are once again in high gear in Canada. Alberta Premier Danielle Smith is advancing plans for a 1 MMB/d pipeline to the West Coast of British Columbia, while B.C. Premier David Eby remains firmly opposed. At the same time, during a recent trip to Washington, Mark Carney and Donald Trump reportedly discussed the potential revival of the Keystone XL pipeline, which, if completed, would carry Canadian crude south to the United States. To help us unpack the complexities of Canada’s pipeline politics, our guest this week is the Honourable Jason Kenney — former federal MP and cabinet minister (first elected in 1997 and re-elected five times), former Premier of Alberta, and now a Special Advisor at Bennett Jones. Here are some of the questions Jackie and Peter asked Jason Kenney: How did you manage to bring together Alberta’s fractured conservative movement, and do you think that unity could unravel given today’s polarized political climate? What are your thoughts on the “Alberta Next” initiative? What’s your assessment of Prime Minister Mark Carney’s first six months in office and his efforts, such as Bill C-5, to accelerate infrastructure development? Under the Canadian constitution, can B.C. block an oil pipeline through the province? Why were you disappointed by the federal Energy and Natural Resources Minister, Tim Hodgson’s, comments about B.C.’s attempts to block the oil pipeline? Content referenced in this podcast: Angus Reid Institute, “Pipeline Push: Majority of Canadians, including BC Residents support the idea of a pipeline to the north coast” (October 9, 2025) Jason Kenney’s X account Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify

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