Vermilion Energy Inc T.VET

What energy mix can limit emissions and keep the lights on?

[Donwaan]

Climate delegates at COP 27 in Egypt are wrangling on what energy mix can limit emissions while keeping the lights on. UN Secretary-General Antnio Guterres has hailed renewables as 'the only credible path' to real energy security. COP27 delegates, however, are advocating for diversifying power generation, including nuclear power and fossil fuels in the energy mix. Forecasts have the worldwide demand for every type of fossil fuel will peak by the mid-2020s and then decline steadily, while clean energy investments will increase from $1.3 trillion per annum in 2021 to more than $2 trillion a year by 2030. We would argue that if you compare the cost of wind and solar with gas, they are becoming cheaper and cheaper, so moving into that renewable space system is a win-win both in terms of costs but also in terms of emissions, Wind turbines, solar panels and electric vehicles are core ingredients in sustainable energy mixes, but their rollout remains painstakingly slow. A dizzying array of bureaucratic hurdles and regulatory obstacles have created long delays. Some groups have pointed to the lack of political will as the main impediment to a full renewables rollout. Scientists say leaving coal, oil and gas in the ground is necessary to meet the Paris Agreement goals and keep warming below 1.5 degrees Celsius.The gas industry is holding us back from moving away from the fossil fuel industry and towards renewable technologies because that would undermine their power and their profits. About half of the worlds fossil fuel assets will be worthless by 2036 under a net zero transition, according to research.

[Pandora]

Boy, have you been totally brain washed. Wow. Hopefully it is the application of some common sense that is causing delays more so than bureaucratic hurdles. If you think a highly industrialized country such as the U.S. can survive and thrive on wind and solar alone then you have a very vivid and odd imagination. Consider the thousands of everyday products that are made from petroleum and give me a

[Oldnagger]

People who invest in VET are much more so ecologists than all the armies of misguided souls who would criticize us. Half of What VET produces is natural gas , the rest is high quality crude. Compare that not to the wet dreams of so called saviours of the planet , but rather to the reality of a planet that thrives mostly on coal. I for one am proud to be contributing through my investments toward

[Moemoney42]

Here's a little bit of factual information to add to the conversation..  Algonquin Power (a large multinational power supplier) decided to sell off a chunk of their windfarm holdings.. why.. they didn't meet expectations, as wind volumes were not near enough to make them profitable.. hmm.. can't get any closer to the truth then that about "green" alternatives..!! 

[Paray99]

Before the world go too far to take some of these green energy advocating idiots seriously, just think about their qualifications. Do they have any idea energy is produced to lit up this world?  Do they have any idea on what is required to make the green/ renewable energy? Do they have any idea on the available / explored resources to date to make batteries? Do they have any idea about

[Donwaan]

Eventually money will not be the determining factor in saving the planet. More than $16 trillion has gone into fighting Covid worldwide? The US spent an estimated $8 trillion fighting in Afghanistan and Iraq? When the fight to save the planet takes on that level of urgency, and it will, money will not be the issue. The longer we wait though the more it will ultimately cost in lives lost and in

[Pandora]

The longer we wait for what? Are you a supporter of Klaus Schwab and the WEF? Did you listen to his speech at the G20? Is that the road you really want to go down? That's really telling. Is he really a role model for us? I know our PM runs right down the middle of his road. If you missed his speech take a look and a listen and give me your thoughts afterwards: https://youtu.be/HF9FMtCMD5E

[Pandora]

Oops, that was just an excerpt - this one has more: https://www.youtube.com/watch?v=u_vvq84X_rI

[Pandora]

As one person asks - "who was it that ever voted for Klaus Schwab to determine where the world should go?" Just his disciples within the WEF?

[Donwaan]

That is the first time I've heard Klaus Schwab. I'm not a fan of some orchestrated great re-set but do agree that changes to the status quo are needed and are coming. I do believe the planet is dangerously warming due to modern human activities and scientists have known this for many years and have been issuing warnings. These for the most part have gone unheeded by governments, industry

[Pandora]

You certainly like to use the "Pearl Harbour event" characterization. You see the climate crisis as being a sneak attack one early Sunday morning at some point? Try not to be so dramatic. Just as an aside can I ask what age group you are in and where you got your education? Just wondering how, when and where you got 'influenced'. For the record I was born in 1940, so, if nothing

[hubertj]

meanwhile VET sinks another 5.5%; so much for the $40+ perdictions.....

[Oldnagger]

Management can make these shares go to $40 or greater any day of the weak by simply increasing the dividend  to say 3-4 $ per year. Will you be here when that happens ? I certainly will and hopefully I will own an even greater percent of the company when it does happen !!

[prested]

Having recently sold half my Stelco shares only to see them pay a special dividend of $3 and bump the usual div by 40%, I have learned my lesson! Thank the stars the politicos didn't get round to taxing their HUGE profits, maybe that's why they decided to pay it out now to those who deserve it.

[Pandora]

One more and I will bow out of this discussion so as not to clutter the board more than I have already: https://cei.org/blog/wrong-again-50-years-of-failed-eco-pocalyptic-predictions/

[Donwaan]

I first read the Pearl Harbour reference in a Globe + Mail article that claimed that climate change had yet to have it's defining moment. It still holds true today 12 years later. I am 71, a retired renovation contractor. My thoughts are primarily my own through extensive global news reading and my own observations. Since retiring I have become aware of the extent capitalism and wealth

[Moemoney42]

Oh well I guess if you read it in the Globe & Mail its gospel then.. LOL.. David Suzuki was touting in the late 70's early 80's of the next ice age that wasn't too far off.. and ringing the alarm bells.. LOL.. guess that one lost traction.. so now its "climate change".. meanwhile his carbon foot print is FAR LARGER than most..! :-/ And "special interest groups"

[Pandora]

Said I would cut off the discussion but based on your disclosure I just have to add one more. Shows how good (or should I say bad) I am at profiling someone from the way they talk and thoughts they have. I had you pictured as a 25 year old college grad activist looking for some energy space to rant on. You say you are an optimist and a realist but I have trouble reading any of that into the way

[Oldnagger]

Since you have mentioned Palm Springs California , I feel compelled to chime in. Anybody who has not drunk the Koolaid really needs to drive out there to get a lesson in sustainable energy. Needless to say there is a very high percentage of installed wind turbines that are no longer operable. Apparently some of their large scale Solar plants have also gone sunny side down !!

[Pandora]

Used to travel there every year from 1990 to 2011, until my wife passed away. The big field of windmills at the west end of town was an oddball talking point for many years. They were a horrendous site and nobody really knew whether they provided measurable power to the grid or not. In the 2000's they then went wild on building the new streamlined, tall, models on every spare space of hillside

[Donwaan]

All I can add is to pose this question, it is based on the premise that climate change is real and a potentially catastrophic problem. If the 24 trillion dollars spent on covid and the war on terror had been spent in a coordinated way developing alternative energy sytems and perfecting energy storage , co2 capture and scrubbing, nuclear etc, just how different would the world's energy picture

[Oldnagger]

There are many ways to reduce the impact of global warming (if that is really a problem ) Many of those ways have been minimized . First there is increased hydro power and lots of it. Second there is increased production of natural gas to replace coal (right here in North Americs ) Next there is increased energy efficiency (What about all those glass towers that banks build?) Then there is nuclear

[Paray99]

  I don't agree, actually money and fame are the driving factor even with all the activists! Otherwise show me one single activist fighting from his poverty. It is all from their luxurious outfit...