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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Post by Duster340on May 04, 2023 3:57pm
136 Views
Post# 35431009

Natural gas ban (world wide eventually)

Natural gas ban (world wide eventually)

Isabelle Barroso has been cooking and heating her home with gas her whole life and can't imagine anything else. But that might have to change as Laval is set to become the first municipality in Quebec to ban the installation of new natural gas appliances.

"I always thought gas was clean energy," said Barroso.

"A lot of people will have a hard time adapting to anything other than gas, not just for cooking but for heating […] I'm not a scientist, but I will follow the studies and adapt if I have to."

Alexandre Warnet, who sits on Laval's executive committee and is the person responsible for the environment, said this is an important step toward decarbonizing buildings since natural gas represents about six per cent of all greenhouse gas emissions in Quebec.

"Natural gas for us is clearly not a transition energy. We have the chance to produce green electricity. So, we don't have any excuse to use a product that is mainly composed of methane, which is a destructive energy," he said.

At the beginning of April, the city adopted a resolution that would allow it to draft a bylaw banning natural gas appliances and heating systems in residential units. The ban would not affect homes with existing natural gas heating systems or appliances, though tackling those would be a next step.

"The first step is really making sure that we build a dam stopping the flow of natural gas," said Warnet. "We really want to make sure natural gas is not an option."

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