Welcome to Net Zero, your daily industry update on clean energy and Canadian resource policy.

The head

The Canada-Newfoundland and Labrador Offshore Petroleum Board has laid three charges against Husky Energy, which was acquired by Cenovus earlier this year, relating to an oil spill in 2018 off the coast of Newfoundland. The accusations include allegations that the company did not act quickly enough to stop work that could cause pollution, that it resumed work without ensuring that it could be done safely and that it broke a law prohibiting any dumping in the offshore area.

The spill was attributed to a faulty connector in Husky’s submarine cables to its production vessel SeaRose. About 250,000 liters of oil, water and gas escaped from the ship, which is considered the largest spill in the history of the province.

“We have also shared our lessons learned with other operators so they can think about how they might apply them to their operations, and we continue to play an active role in improving environmental stewardship. and safety with other basin operators, ”Colleen McConnell, Cenovus spokesperson, said Tuesday.

The company is due in court on November 23. The Canadian Press has more details.

Internationally

British Prime Minister Boris Johnson has released his net-zero strategy as the UK prepares to host the upcoming COP26 climate summit. The strategy is a series of long-term pledges that aim to steer the UK economy towards green technologies, the transition to clean electricity and the promotion of low-carbon heating in UK homes. Reuters has the whole story.

The plan has been criticized by environmentalists, who argue Johnson’s strategy lacks ambition and funding. The Guardian has more reaction.

Staying in the UK, the UK government has entered into a Green Investment Partnership with Bill Gates, with the aim of lowering the cost of green technology and helping countries meet their net zero emissions targets by 2050 .

Amazon and Ikea are among the companies that have pledged to use zero-carbon marine fuels by 2040 in a new initiative to accelerate the decarbonization of the maritime sector. Reuters also has this story.

Meanwhile, African countries are calling for the development of a system that will track funding from rich countries that fall short of the $ 100 billion target to help developing countries tackle climate change.

At 8:39 a.m. on Wednesday morning, West Texas Intermediate was trading at US $ 82.11 and Brent Crude at US $ 84.32.

In Canada

The Canadian Securities Administrators say an “important” step has been taken to require publicly traded companies to disclose environmental risks to investors, which experts say could lead to significant consideration of climate change in the industry. future financial decisions. iPolitics has the whole story.

The Better Futures Coalition, an entity made up of 100 leading Canadian organizations, said the group’s economic vision for Canada revolves around three priorities, including action on climate change.

Air Canada today launched a new program that allows corporate customers to purchase sustainable aviation fuels or carbon credits. The press release, which can be found here, also indicated that Deloitte Canada would be the first participant in the program.

Finally, GE Hitachi announced that a facility in Markham that produces small modular reactors will provide eighty new jobs in green power, with the hope of creating the first small grid-scale modular reactor at the plant. Darlington Nuclear by 2028. The Markham Economist & Sun has more.

The Canadian crude index was trading at US $ 67.45 and the Western Canadian Select was trading at US $ 67.74 this morning at 8:39 a.m.

Remarkable

More iPolitics