Oceanic Wind Energy Inc V.NKW.H

A lot to talk about

[BayWall]

Dix (BC Energy Minister) faced several questions about the potential impacts of threatened U.S. tariffs on power costs. He said the stakes have always been there, adding the threatened tariffs increase the urgency about B.C.'s power supply in the face of growing demand. 

"We need all of the energy in this call of power and we need more," he said. (Revelstoke Review)

The province wants to ramp up hydro or renewable electricity so coastal LNG export projects starting to come online this year can eliminate the huge emissions generated by burning natural gas during the energy intensive liquefaction process, which sees natural gas chilled into a fluid for easy transport by ship to overseas markets. (Powell River Peak)

 

Shell and its four partners in the joint ownership of LNG Canada have not yet reached a final investment decision on proceeding with Phase 2.

The partners may also be waiting for the government to give a final direction on powering the expanded project. Phase 1 is powered with natural gas. Hydroelectric power would reduce emissions in Phase 2. But there is not yet sufficient hydro power and backup available in Kitimat. (Vancouver Sun)

The spectre of tariffs looms over B.C. Should tariffs be enacted, B.C.’s hydro reservoirs would still allow the province to buy power from the U.S. and Alberta when it is cheapest and sell power when prices are high. As the U.S. becomes less reliable as a trading partner, increasing electricity trade with and through Alberta to other provinces should be a priority — not just for B.C. but all provinces seeking to expand and fortify their electricity grids in the most affordable way possible. (Vancouver Sun)

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The first mention of the US becoming "less reliable" when it comes to electricity export/import by Powerex. Alberta pays twice as much for electricity than BC. Maybe the more expensive offshore wind can send some power to Alberta?

I don't know what Oceanic's special meeting will discuss on March 11th, but as can see from above, there's a lot to discuss.