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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Carjackon Jun 24, 2023 9:45am
145 Views
Post# 35512714

Record-breaking Texas heatwave enters third week as thousand

Record-breaking Texas heatwave enters third week as thousand

New Mexico, Louisiana, Arkansas, Missouri and Kansas also face scorching temperatures as heat dome settles over US south-west

 

 

A record breaking heat wave is entering its third week in Texas, as temperatures reach triple digits in the broader US south and tens of thousands of people in affected states are without power and lack air conditioning.

Texas governor signs bill rescinding water breaks as deadly heat grips state

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More than 40 million people in the US are under a heat alert.

Texas cities have reached an unprecedented heat index – which combines temperature and humidity. Corpus Christi has hit 125F, while Rio Grande Village notched 118 and Del Rio marked 115. States including New Mexico, Louisiana, Arkansas, Kansas and Missouri are also experiencing scorching heat, with the National Weather Service predicting the temperatures to rise further and last into the week of 4 July.

The heat follows a weekend of destructive storms that left hundreds of thousands of people without power. The heat dome, as it is known, has settled above Mexico and parts of the US south-west and is caused by hot ocean air that has become trapped in the atmosphere.
 

“These conditions are very stressful to the people living in the region. We are seeing a really intense, wide-spread, and long-lasting event,” said Andrew Pershing, director of climate science at non-profit Climate Central. “Human-caused climate change made these conditions more than five times more likely.”

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Earlier this week, Texas’ power utility urged users to cut back on air conditioning to alleviate the stress on the grid. Emergency crews in the Tulsa, Oklahoma, region have responded to a record number of calls owing to the heat and lack of power, according to the New York Times. In Jackson, Mississippi, residents reported not having power and air conditioning for nearly 100 hours, NBC reports.

An average of 702 heat related deaths happen in the US each year, according to the Centers for Disease Control and Prevention. In 2021, 69 people in Oregon died from heat caused by a heat dome. On Thursday, an Oregon county filed a lawsuit against fossil fuel companies, arguing that the oil and gas companies are accountable for the heatwave.

Unrelenting heat presents particular health and safety risks to older adults, young children, pregnant women, people with chronic conditions and outdoor workers. People of color and low-income residents bear a higher burden from heat, whether because of their occupation or living in close proximity to heat exacerbating industries and heat-trapping highways. At home, vulnerable communities might lack adequate air conditioning.

“If you’re struggling financially and worried about paying your electric bill, you might not run your AC long enough, which is going to increase your vulnerability,” Pershing said.

Heatwaves like these “will become more common in the future as we continue to burn coal, oil and natural gas”, Pershing said.

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