- Canadian Association of Petroleum Producers

- Canadian Association of Petroleum Producers

CAPP’s member magazine
Volume 4 . Issue 1
February 2016
1029492837597469238748091283082375843658723749808120472396587436
9120387493128749537649238765489437869560870347674342165436938786
0457868325637621569487872569238734853476579403187481526897580438
679532767490538769850860767869236534761382654903784687349065870
5697893464873297485694367402834367579308247957468509423876904381
2094897436590548698547503487598327647215687347657326563918247680
956876834650547693408975682351367863472153682365468792346095786
874356983746T461245397593746492034869085476592347868746340238746
815289740983475 092348U938758943601983240981298478237647652375834
7590283047891826386326758723750983405890347582638457619872094381
03274592365834678582397490238740981909283912973617253615243765483
2975094380683948756823476471625347512 102949283759746923874809128
30823758436587237498081204723965874369120387493128749537649238765
4894378695608703476743421654369387860457868325637621569487872569
2387348534765794031874815268975804386795327674905387698508607678
692365347613826549037846873490658705697893464873297485694367402
8343675793082479574685094238769043812094897436590548698547503487
5983276472156873476573265639182476809568768346505476934089756823
51367863472153682365468792346095786874356983746T46124539759374649
2034869085476592347868746340238746815289740983475 092348U9387589
4360198324098129847823764765237583475902830478918263863267587237
5098340589034758263845761987209438103274592365834678582397490238
74098190928391297361725361524376548329750943806839487568234764716
25347512 102949283759746923874809128308237584365872374980812047239
65874369120387493128749537649238765489437869560870347674342165436
9387860457868325637621569487872569238734853476579403187481526897
580438679532767490538769850860767869236534761382654903784687349
065870569789346487329748569436740283436757930824795746850942387
6904381209489743659054869854750348759832764721568734765732656391
8247680956876834650547693408975682351367863472153682365468792346
095786874356983746T461245397593746492034869085476592347868746340
238746815289740983475 092348U938758943601983240981298478237647652
3758347590283047891826386326758723750983405890347582638457619872
094381032745923658346785823974902387409819092839129736172536152437
654832975094380683948756823476471625347512
REPORT TO
MEMBERS
2015 YEAR IN REVIEW AND
2016 STRATEGIC PRIORITIES
MESSAGE FROM THE
PRESIDENT AND CEO
Q& A: ASSESSING ALBERTA’S
NEW ROYALTY REGIME
Publication Number: 2016-9201
Table of
CONTENTS
The official member magazine for the
Canadian Association of Petroleum Producers (CAPP)
Volume 4 Issue 1
REPORT TO MEMBERS
Volume 4 Issue 1
Publication Number: 2016-9201
[email protected] | www.capp.ca/context
Publisher
Jeff Gaulin, vice-president communications CAPP
[email protected]
Managing Editor
Brenda Jones, manager communications CAPP
[email protected]
3
7
9
Editor
Andrew Mah, communications advisor CAPP
[email protected]
Departments
Art Director
3
inContext
Distribution and Member Updates
4
President and CEO’s Message
[email protected]
6
What’s Up at CAPP? 2015 Year in Review
Birdeen Selzer, Blunt Strategic in co-operation with Mindjello Creative
Royalty Review Report Q&A:
CAPP president and CEO Tim McMillan talks about
the Alberta government’s new royalty regime
10
Please contact for changes in contact names and delivery addresses.
Context Concept, Strategy and Product Development
Agnes Zalewski, Blunt Strategic
Features
9
Janine Vandenberghe, administrative assistant CAPP
2016 Priorities:
CAPP’s 2016 strategic priorities as approved by
our board of governors
CONTEXT IS PRINTED ON 100 PER CENT POST‑ CONSUMER
FIBR E , M A NUFAC TUR ED USING BIOGA S ENERGY
CAPP EXECUTIVE TEAM
President and CEO
Tim McMillan
[email protected]
Vice-President, Policy and Performance
Alex Ferguson
[email protected]
Vice-President, Communications
Jeff Gaulin
[email protected]
Vice-President, Western Canada Operations
Brad Herald
[email protected]
Vice-President, Pipeline Regulation and General Counsel
Nick Schultz
[email protected]
Printed in Canada by McAra Printing. Copyright © 2016
Canadian Association of Petroleum Producers. All rights reserved.
Reproduction in whole or in part is strictly prohibited.
BY USING
471 KG OF RECYCLED MATERIAL WE SAVED:
OFFICES
Calgary
9 TREES
2100, 350 – 7th Ave SW, Calgary, Alberta T2P 3N9, Tel: 403-267-1100
32,219 L I T R E S O F WAT E R
1000, 275 Slater Street, Ottawa, Ontario K1P 5H9, Tel: 613-288-2126
Ottawa
92 days of water consumption
St. John’s
395 KG O F WA S T E
904, 235 Water Street, St. John’s, Newfoundland and Labrador,
1,296 KG C 0
Victoria
8 waste containers
8,666 km driven
2
8 GJ
A1C 1B6, Tel: 709-724-4200
310, 1321 Blanshard Street, Victoria, British Columbia, V8W 0B5,
Tel: 778-410-5000
35,805 60-watt light bulbs for one hour
2 KG N OX
emissions of one truck during 5 days
2
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
C APP.C A /CONTE X T
inCONTEXT
Competitiveness
Negotiation
AER’S NEAR TERM ACTION PROGRAM (NTAP):
NTAP is an Alberta Energy Regulator (AER) project
to increase efficiency by eliminating duplication and
streamlining regulatory requirements for low-risk activities.
CAPP and members provide expertise and insight on areas
for efficiency savings.
Apr 2013 – Mar 2014
$60 MILLION*
Apr 2014 – Mar 2015
Apr 2015 – Mar 2016
Alliance Pipeline Hearing Victory Saves Shippers from
“Unlimited Pricing”
**
The NEB sided with CAPP in disallowing a request
by Alliance for unlimited pricing discretion
for interruptible and seasonal services.
The decision prevents unfettered
pricing discretion that could have
led to unlimited costs to shippers.
TOTAL ESTIMATED SAVINGS BY
MAR 31, 2016 = $730 MILLION
**Targeted savings
Public Confidence
CAPP VALUE
CREATION:
2015/16
HIGHLIGHTS
CANADA’S ENERGY CITIZENS:
The grassroots nation of oil and natural gas
industry champions and supporters grew by
1,200 per cent through 2015 and January 2016 thanks to
ongoing outreach, marketing and recruitment by CAPP
and member support.
7,300
JAN 1, 2015
Trans Mountain Settlement Saves Producers
Shipping Costs
NATURAL GAS
$270 MILLION*
*Confirmed, verifiable savings as published in AER annual
reports. Note that actual savings to members are dependent on
commodity prices and industry activity levels.
OIL
CAPP reached a three-year toll agreement (2016 till
2018 or TMEP* startup) on the Trans Mountain pipeline.
This provides cost certainty and saves hundred of
thousands of dollars in potential hearing costs.
NTAP COST SAVINGS TO INDUSTRY
$400 MILLION
PIPELINES: TOLL SETTLEMENT AND NEB HEARING
*TMEP = Trans Mountain Expansion Project
Market Access
ENBRIDGE LINE 9B REVERSAL:
CAPP provided support to Enbridge’s
application to reverse and expand Line 9B
to 300,000 b/d. The pipeline can move Western
Canadian and U.S. Bakken crude oil east from Sarnia
to refineries in Quebec. First oil reached Montreal on
December 2, 2015.
QUEBEC REFINERIES
90,000
JAN 31, 2016
Foreign sources: 320,000 b/d
90,000-plus Energy Citizens and growing
means industry’s voice will be heard
by policy makers on issues impacting
Canada’s oil and gas industry.
C APP.C A /CONTE X T
Line 9B: 300,000 b/d
vs
Prior to the reversal, refineries in Quebec imported about
320,000 b/d of oil from foreign countries. The reversal means
Canadian oil can displace overseas imports, providing a
secure source of supply and keeping more jobs in Canada.
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
3
PRESIDENT AND CEO’S MESSAGE
STRIVING TO BE
THE BEST
ADVOCACY
ORGANIZATION
IN CANADA
4
Welcome to our first issue of Context in 2016. The focus of this
edition is reporting out what CAPP accomplished in 2015, and the
goals and priorities you, through our member-appointed board of
governors, have identified for us for the year ahead.
potential hearing costs. Continued modernization of regulations
and streamlining of regulatory processes via the Alberta Energy
Regulator’s Near Term Action Program (NTAP) have already achieved
$400 million in cost savings for industry, with more to come.
While 2015 was certainly a challenging year for all of us in Canada’s
natural gas and oil industry, there were bright spots. The successful
reversal of Enbridge Line 9, allowing Western Canadian oil to be
delivered to refineries in Montreal, was one step toward helping
Ontario and Quebec be less reliant on imported oil and help keep
more jobs in Canada. A major toll settlement CAPP negotiated on
behalf of shippers for the Trans Mountain pipeline provides shippers
cost certainty while saving several hundred thousand dollars in
We also provided comprehensive submissions in response to both
the Alberta government’s royalty and climate change reviews.
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
Since our submissions, the government has released details on
its climate leadership plan and updated royalty regime. There are
positive elements in each, suggesting that the concerns expressed
by CAPP and members through our submissions and other feedback,
were heard. Yet, it is likewise clear that as the government moves
forward towards policy implementation in the year ahead, CAPP
C APP.C A /CONTE X T
PRESIDENT AND CEO’S MESSAGE
CAPP’s Three Audiences
1. The public
2. Government and regulatory agencies
3. Industry
and members will need to continue to consult vigorously, working
to ensure the detailed policies are effective and efficient—that they
avoid harm to and, where possible, enhance industry’s ability to
compete and grow.
The milestones I’ve highlighted are just a few examples of the value
creation CAPP brings to its members. On that note, I’d like to take
a moment to reflect more generally on what CAPP does, and why
we’re able to achieve value for our membership.
When I joined CAPP just over a year ago, it was mentioned to
me a few times that at CAPP, “we strive to be the best advocacy
organization in Canada.” It’s a key aspiration—and one that I’ve
come to recognize in my time here as being absolutely sincere.
But what does it mean to be Canada’s best advocacy organization?
Who is it that we advocate to, and why?
We have three primary, absolutely vital audiences at CAPP.
The first is the public. It is essential that as an industry, we understand
and take into account the views, values and interests of Canadians.
Aligning ourselves to what matters most to Canadians helps ensure
we have support for our operations near and within communities,
as well as for market access infrastructure initiatives like pipelines
and shipping terminals.
We’ve built the necessary
relationships, developed
leading expertise and initiated
the right strategies to advance
our industry’s interests.
Through strong market research and ongoing communications initiatives highlighting industry benefits, such as jobs, economic growth
and world-class environmental, health and safety standards, CAPP
has moved the needle of public opinion to the extent that industry
supporters outnumber opponents by two to one. Now, we are at
the vital stage of developing outreach and grassroots campaigns.
Through the Canada’s Energy Citizens program, we are identifying,
informing and involving industry supporters in key markets and on
key issues—ensuring we have the kind of visible public support
needed to engage and influence public policy.
Our second audience are government and regulatory agencies. CAPP
engages early and often to build strong relationships at all levels of
C APP.C A /CONTE X T
government, the bureaucracy and regulatory agencies. With input from
members, CAPP advances policy and regulatory positions that seek
to enhance competitiveness, develop new markets and position our
industry for success. While governments and agencies possess their own
policy agendas, most recognize that their decisions are better informed
when they consult with experts in impacted industries. By working
collaboratively and taking a strong science-based and solutions-oriented
approach, CAPP has made itself a trusted resource to governments at all
levels and of all political stripes. This in turn helps us drive for policies that
maintain industry competitiveness, and that enable a more streamlined
and risk-based approach to regulatory oversight and enforcement.
Finally, our third audience is industry. By building consensus within
the upstream industry, we are able to be a strong negotiating partner
within a broader economic and stakeholder context. We can, for
example, advocate for member interests effectively at things like
pipeline hearings and toll negotiations, regulatory reviews and policy
forums. We are also able to provide valuable resources to members
in the form of industry research, reports and presentations, and
to promote industry-wide performance improvement through the
development and dissemination of health, safety and environmental
best practices. As well, we can help attract investment opportunities
through events like our annual investment symposium.
At CAPP, we know our three audiences—the public, government/
regulatory agencies and industry—very well. We’ve built the necessary relationships, developed leading expertise and initiated the right
strategies to advance our industry’s interests. We also continually work
to refine our approaches, adapting to a complex and ever-changing
external context. This quality of adaptation, I believe, is the foundation that allows us to be Canada’s best advocacy organization.
Equally important is that we never forget who we do this for: you, our
members. While your companies operate in different parts of the
country, and consist of varying sizes, and resource types and methods
of production, the trust you place in us to speak with a unified voice
is greatly empowering. It allows us to speak on your behalf to our
three audiences with consistency, credibility and persuasion.
As we head into 2016, I speak for all CAPP staff in saying that it is a
privilege and a responsibility to work on your behalf. We thank you
all for your trust in helping us continually build a strong, resilient
and competitive Canadian natural gas and oil industry. I encourage
you to read this and subsequent issues of Context to stay up to date
on how we are creating value for your organization throughout this
year and beyond.
Sincerely,
Tim McMillan
Alberta Royalty Regime Q&A
For more on CAPP’s response to the recently released Alberta
royalty regime, read Tim’s Q&A on page 9.
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
5
153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759028304789182638632675872375098340
874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569
3746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327
60870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675
76592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190
83256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209
983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975
7657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327
981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394875682347647162534751
7674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721568734765732656391824768095
47891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912830823
1382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823513678
347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436
4648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874
3658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943
082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348
39129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860
7436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815
80683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873
15687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019
4928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867
34650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759
365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236
2153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834
387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056
AER REGULATORY SAVINGS
83746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032
56087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367
476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819
The Alberta Energy Regulator’s
68325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120
0983475 092348U938758943601983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297
(AER) 2015-16 annual report
4765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832
098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943806839487568234764716253475
identifies $270 million in savings
2767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809
047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
1029492837597469238748091283082
FOX CREEK, AB
to upstream producers through
6138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367
SEISMIC EVENT
0347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
102949283759746923874809128308237584365872374980812047239658743
streamlined
regulations. CAPP
3464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568235136786347215368236546879234609578687
23658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894
provides ongoing input to the
Fox Creek, AB,
3082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348
39129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860
AER through the Near Term
experiences induced
7436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815
Action Program (NTAP).
80683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873
seismicity magnitude 4.4
15687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U9387589436019
4928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867
believed due to hydraulic
34650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759
365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236
fracturing activities. For
2153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834
ALBERTA TAILINGS
387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056
this, and a subsequent
83746T461245397593746492034869085476592347868746340238746815289740983475
092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032
MANAGEMENT FRAMEWORK
56087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367
event in the north
476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819
68325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120
Montney (B.C.), CAPP
Alberta government releases its
0983475 092348U938758943601983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297
provides information
Tailings Management Framework.
4765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832
098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943806839487568234764716253475
enabling a responsive
CAPP provided input to govern2767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809
25th CAPP Scotiabank Investment
047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
1029492837597469238748091283082
regulatory approach,
ment’s policy development and
6138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367
Symposium held in Toronto con0347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743
and through community
is supportive of the approach
3464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568235136786347215368236546879234609578687
nected 329 investors (a 20%
23658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894
outreach fosters positive
used based on project-specific
increase from 2014) with oil and
3082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348
39129736172536152437654832975094380683948756823476471625347512
102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860
discussion and dialogue.
triggers and limits.
gas producers.
7436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815
80683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873
15687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019
4928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867
34650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759
365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236
2153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834
387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056
83746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032
56087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367
476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819
68325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120
0983475 092348U938758943601983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297
4765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832
098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943806839487568234764716253475
2767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809
047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082
6138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367
0347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743
3464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568235136786347215368236546879234609578687
23658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894
B.C. WATER STRATEGY
3082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348
39129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860
7436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815
B.C. government releases its Northeast Water Strategy,
80683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873
15687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019
a framework for water-use management in the region.
4928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867
34650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759
CAPP provided key input on pragmatic approaches to
365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236
2153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U93875894360198324098129847823764765237583475902830478918263863267587237509834
licensing groundwater
under the Water Sustainability
387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056
LNG GETS A BOOST
83746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032
Act, thus enabling the use of low-quality or
56087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367
476592347868746340238746815289740983475
092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819
difficult-to-access groundwater sources for
The federal government
announces LNG
68325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120
0983475 092348U938758943601983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297
beneficial use in resource development
suppliers are eligible for a 30% capital
4765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832
in northeastern B.C. and relief from
cost allowance rate, up from 8%. CAPP
098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943806839487568234764716253475
2767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809
significant regulatory cost and burden.
advocated a change along these lines in its
047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
1029492837597469238748091283082
6138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367
2015 federal budget submission.
0347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
102949283759746923874809128308237584365872374980812047239658743
3464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568235136786347215368236546879234609578687
23658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894
3082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348
39129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860
7436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815
80683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873
15687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019
4928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867
34650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759
NDP and leader Rachel Notley win provincial election, forming the first new
365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236
2153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834
Alberta government in 44 years. CAPP and industry form a task group and
387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056
83746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032
communications
and outreach plan to work with the new government on priorities
56087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367
476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819
to protect and grow oil and gas industry jobs.
68325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120
0983475 092348U938758943601983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297
4765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832
098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943806839487568234764716253475
6
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
C APP.C A /CONTE X T
2767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809
047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082
6138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367
WHAT’S UP AT CAPP?
WHAT’S
UP at CAPP
$
MAR 31:
2015 YE AR IN RE VIE W
JAN 22
The past year was filled with challenges,
yes, but also opportunities. The following
are a few highlights and milestones from
the year that was, with a focus on CAPP
value creation for members.
MAR 13:
APRIL 8, 9
CAPP INVESTMENT
SYMPOSIUM
JANUARY
FEBRUARY
MARCH
APRIL
$
MAY
MAR 20
Photograph: Courtesy
Government of Alberta
30% CCA
FEB 19
MAY 5
A NEW ALBERTA GOVERNMENT
05890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965
9789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823513678634721536823654687923460957
745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765
5793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492
092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693
94897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T46124539759374649203486908547659234786874634023874
5094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569
7647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894
12 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758
56876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758
375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678
863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759028304789182638632675872375
691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065
4356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834058903475826384576198720943
43786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402
869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387
0457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690
5289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654
LIBERALS WIN MAJORITY
3485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487
983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394875682347647162
IN FEDERAL ELECTION
67953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247
90283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912
6534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823
The Liberals and Justin Trudeau win
405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396
6978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095
PRODUCTION
Canadian federal election. CAPP
2745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876
75793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T46124539759374649
is engaged on key Liberal policy
9092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369
094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854765923478687463402387
proposals impacting industry,
75094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256
including a proposed tanker ban off
27647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U9387589
512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975
the coast of northern B.C., and the
956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U938758943601983240981298478237647652375
237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767
CRUDE OIL FORECAST
elimination of fossil
fuel ‘subsidies’.
7863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U93875894360198324098129847823764765237583475902830478918263863267587237
369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906
74356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094
CAPP releases its Crude Oil Forecast,
4378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740
869085476592347868746340238746815289740983475
092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387
Markets and Transportation
predicting
0457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690
5289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654
continued but slowing growth.
3485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487
983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394875682347647162
67953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247
90283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912
6534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823
405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396
6978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095
2745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876
CLEAR SEAS LAUNCHED
75793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T46124539759374649
9092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369
094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854765923478687463402387
The federal government announces the launch of
75094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256
27647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U9387589
Clear Seas, an independent research
512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975
956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U938758943601983240981298478237647652375
organization created to study and
237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767
7863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U93875894360198324098129847823764765237583475902830478918263863267587237
support safe and sustainable marine
369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906
74356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094
shipping. CAPP is providing arms4378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740
length
support to the Clear Seas initiative.
869085476592347868746340238746815289740983475
092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387
0457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690
5289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654
3485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487
983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394875682347647162
67953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247
90283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912
6534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823
405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396
6978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095
2745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876
75793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T46124539759374649
9092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369
094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854765923478687463402387
75094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256
27647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589
512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975
ALLIANCE PIPELINE HEARING
956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U938758943601983240981298478237647652375
237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767
7863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237
The National Energy Board
369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906
74356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094
agrees with CAPP position
4378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740
869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387
SPEAKER SERIES
that Alliance Pipeline
0457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690
5289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654
should not be granted
3485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487
Dave Mowat, chair of the
983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394875682347647162
unlimited pricing
Alberta government’s royalty
67953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247
90283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
10294928375974692387480912
discretion for
review panel, addresses
6534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823
405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
1029492837597469238748091283082375843658723749808120472396
interruptible and
member questions at a
6978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095
seasonal services.
2745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876
CAPP-hosted Speaker Series
75793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T46124539759374649
9092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369
luncheon with 500 members
094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854765923478687463402387
75094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256
in attendance.
27647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589
512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975
956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375
237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767
7863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237
369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906
RAISE YOUR HAND PHASE I
74356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094
4378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740
CAPP launches its Raise Your Hand advertising campaign, using
869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387
0457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690
traditional and digital media to engage oil and natural gas
5289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654
3485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487
supporters as industry champions and advocates.
983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394875682347647162
67953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247
90283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912
6534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823
ROYALTY
REVIEW SUBMISSION
405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
1029492837597469238748091283082375843658723749808120472396
6978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095
2745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876
CAPP submits 60 recommendations to the Alberta royalty
75793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T46124539759374649
9092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369
review
panel designed to enhance Alberta’s royalty regime.
094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854765923478687463402387
75094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256
27647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589
512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975
C APP.C A /CONTE X T
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
7
956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375
237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767
7863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237
WHAT’S UP AT CAPP?
OCT 19
2030
+ 43 %
JUNE
JULY 6
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
Photographs: (top right) EPA/Chris Roussakis; (lower right) Courtesy ATB Financial
JULY 9
SEP 9
MAY 17 TO JULY 16
150 MILLION
VIEWS
OCT 26
650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289
3475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745
8346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 1029492837597469238748091283082375
87237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873485
794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579
7957468509423876904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568235136786347
82365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875894360198324
9847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928
736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239658743691203
2874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327
538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974
548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983
61245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047
63863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943806
756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560
7674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138
037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721568
Alberta government releases
57326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854765
868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834058903475
Climate Leadership plan which
457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
102949283
69238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256
includes economy-wide carbon
569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487
856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650
price, Oil Sands emissions limit,
3408975682351367863472153682365468792346095786874356983746T46124539759374649203486908547659234786874634023874681528974098347
348U938758943601983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365834
methane reduction strategy
23974902387409819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872
08120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794
and accelerated phase-out
481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824795
0942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823513678634721536823
of coal-fired electricity. In
792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984
6476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736
october, CAPP had submitted
6152437654832975094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128
7649238765489437869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053
balanced, solutions-based
508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054
recommendations to
47503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612
RAISE YOUR HAND PHASE II 092348U93875894360198324098129847823764765237583475902830478918263
593746492034869085476592347868746340238746815289740983475
the climate panel led by
7587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943806839487
476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347
Fall
campaign
focused
on
Dr. Andrew Leach.
2165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476138265490
873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721568734765
driving
sign-ups
to
the
63918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854765923478
340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834058903475826384
Canada’s Energy Citizens
872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
102949283759746
48091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215
(CEC) program. Key results:
872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748
674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834650547693
5682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 09234
CEC sign-ups
7589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823
2387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480912830823758436587237498081
39658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481
online
75804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367579308247957468509
6904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568235136786347215368236546879
LINE 9B REVERSAL
impressions
95786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U938758943601983240981298478237647
58347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152
4832975094380683948756823476471625347512 1029492837597469238748091283082375843658723749808120472396587436912038749312874953764
Enbridge Line 9B begins delivering oil
sessions on
6548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508
869236534761382654903784687349065870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475
to refineries in Montreal. CAPP provided
energycitizens.ca
598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593
evidence on the need for market access
2034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758
0983405890347582638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476
during National Energy Board Hearings.
social media reach
5347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869560870347674342165
878604578683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873
870569789346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639
680956876834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340
6815289740983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872
1032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512 10294928375974692387480
08237584365872374980812047239658743691203874931287495376492387654894378695608703476743421654369387860457868325637621569487872
873485347657940318748152689758043867953276749053876985086076786923653476138265490378468734906587056978934648732974856943674
367579308247957468509423876904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568
67863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U93875
0198324098129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023
819092839129736172536152437654832975094380683948756823476471625347512 102949283759746923874809128308237584365872374980812047239
36912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765794031874815268975
67953276749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769
2094897436590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095
4356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812984782376476523758
02830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548
TRANS MOUNTAIN
094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765
7869560870347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786
TOLL SETTLEMENT
347613826549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759
47215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920
OBAMA REJECTS
085476592347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509
Trans Mountain toll settlement provides
KEYSTONE XL
89034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394875682347647162534
certainty in pre-expansion tolling and
29492837597469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878
8683256376215694878725692387348534765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705
Keystone
XL
pipeline
saves several hundred thousand dollars
346487329748569436740283436757930824795746850942387690438120948974365905486985475034875983276472156873476573265639182476809
834650547693408975682351367863472153682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815
permit application
in potential hearing costs.
0983475 092348U9387589436019832409812984782376476523758347590283047891826386326758723750983405890347582638457619872094381032
3658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
1029492837597469238748091283082
rejected by U.S.
36587237498081204723965874369120387493128749537649238765489437869560870347674342165436938786045786832563762156948787256923873
765794031874815268975804386795327674905387698508607678692365347613826549037846873490658705697893464873297485694367402834367
President Barack
8247957468509423876904381209489743659054869854750348759832764721568734765732656391824768095687683465054769340897568235136786
Obama. CAPP had
53682365468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475
092348U93875894360198
NEW GOVERNMENT IN
8129847823764765237583475902830478918263863267587237509834058903475826384576198720943810327459236583467858239749023874098190
argued that the
129736172536152437654832975094380683948756823476471625347512
102949283759746923874809128308237584365872374980812047239658743691
NEWFOUNDLAND AND LABRADOR
4931287495376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679
pipeline deserved
749053876985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094
Liberal party defeats Conservative
6590548698547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356
to be approved on
6T461245397593746492034869085476592347868746340238746815289740983475
092348U9387589436019832409812984782376476523758347590283
government in provincial election for
18263863267587237509834058903475826384576198720943810327459236583467858239749023874098190928391297361725361524376548329750943
its environmental,
948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493128749537649238765489437869
Newfoundland and Labrador. CAPP is
0347674342165436938786045786832563762156948787256923873485347657940318748152689758043867953276749053876985086076786923653476
economic and energy
549037846873490658705697893464873297485694367402834367579308247957468509423876904381209489743659054869854750348759832764721
engaged with the new government on
47657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4612453975937464920348690854
security merits.
347868746340238746815289740983475 092348U93875894360198324098129847823764765237583475902830478918263863267587237509834058903
key policy issues including royalties and 102949
638457619872094381032745923658346785823974902387409819092839129736172536152437654832975094380683948756823476471625347512
97469238748091283082375843658723749808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683
streamlining of regulatory processes.
621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346
974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347657326563918247680956876834
7693408975682351367863472153682365468792346095786874356983746T46124539759374649203486908547659234786874634023874681528974098
092348U938758943601983240981298478237647652375834759028304789182638632675872375098340589034758263845761987209438103274592365
85823974902387409819092839129736172536152437654832975094380683948756823476471625347512
102949283759746923874809128308237584365
B.C. CLIMATE LEADERSHIP RECOMMENDATIONS
49808120472396587436912038749312874953764923876548943786956087034767434216543693878604578683256376215694878725692387348534765
187481526897580438679532767490538769850860767869236534761382654903784687349065870569789346487329748569436740283436757930824
The B.C. government releases the Climate Leadership Team Recommendations Report.
6850942387690438120948974365905486985475034875983276472156873476573265639182476809568768346505476934089756823513678634721536
468792346095786874356983746T461245397593746492034869085476592347868746340238746815289740983475 092348U9387589436019832409812
The report favourably reflects CAPP’s climate submission recommendations on methane
2376476523758347590283047891826386326758723750983405890347582638457619872094381032745923658346785823974902387409819092839129
2536152437654832975094380683948756823476471625347512 10294928375974692387480912830823758436587237498081204723965874369120387493
management, upstream electrification and protection of trade-exposed, emissions5376492387654894378695608703476743421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490
985086076786923653476138265490378468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590
intensive sectors.
8547503487598327647215687347657326563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T4
397593746492034869085476592347868746340238746815289740983475 092348U938758943601983240981298478237647652375834759028304789182
2675872375098340589034758263845761987209438103274592365834678582397490238740981909283912973617253615243765483297509438068394
23476471625347512
102949283759746923874809128308237584365872374980812047239658743691203874931287495376492387654894378695608703
8
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
3421654369387860457868325637621569487872569238734853476579403187481526897580438679532767490538769850860767869236534761382654
468734906587056978934648732974856943674028343675793082479574685094238769043812094897436590548698547503487598327647215687347
6563918247680956876834650547693408975682351367863472153682365468792346095786874356983746T46124539759374649203486908547659234
WHAT’S UP AT CAPP?
NOV 22
CLIMATE LEADERSHIP
PLAN
NOV 2 TO DEC 31
6,596
211,713,264
DEC 2
104,369
267,492
DECEMBER
DEC 7
NOV 6
NOV 30
NOV 27
CANADA’S ENERGY
CITIZENS CAMPAIGN
16,232 emailable Canada’s Energy Citizens,
a 126% increase from January 2015
40,000-plus social media likes
105 Canada’s Energy Citizens events
MEDIA RELATIONS
651 interviews
20 news releases
16 opinion editorials
10 editorial board meetings
1 media tour
MARKETING
“Count Us In” Campaign for COP21:
5 digital ads, 1 web page, 2,585 pageviews
Raise Your Hand
Campaign Phase I and
II: 23 TV and print ads, 100+ digital ads,
17 weeks in market
22 infographics
17 fact sheets
OUTREACH
82 events with stakeholders reaching
1,630 individuals
80 events/conferences sponsored
and attended
3 updated factbooks
Over 1.8 million pageviews over
7 web properties
5 new websites launched
RESEARCH
6 Alberta issues surveys
3 national polling surveys
MEMBERS
4 issues of Context Magazine
50 issues of Context Weekly e-newsletter
2 Tim Talk videos
3 Speaker Series events
1 CAPP Scotiabank Investment Symposium
C APP.C A /CONTE X T
Photographs: (lower left) AP PHOTO/Pablo Martinez Monsivais; (top) Courtesy andrewleach.ca; (top right) Rich Lam.
NOVEMBER
COMMUNICATIONS AND OUTREACH
FOR 2015: BY THE NUMBERS
FEATURE STORY
Q&A:
“Now is the time
for industry and
government to
work together on
solutions to make
Alberta a worldclass province to
do business.”
ALBERTA’S ROYALTY
REVIEW REPORT
Context chats with CAPP president and CEO Tim McMillan about the Alberta government’s new
royalty regime and what it means for upstream producers in the province.
Q: What’s your perspective on the Alberta Royalty Review
Report that came out on January 29, 2016?
TM: We feel that it is a balanced report guided by a set of lasting
principles. Most importantly, the report helps restore certainty and
predictability needed to attract investment to create more jobs and
value to Albertans. It’s a foundation that allows us to move forward.
We also appreciate that the review was conducted in a timely manner
that was open to input from all Albertans, including our industry. I
think it followed a fair, credible process which confirms that Albertans
do already get their “fair share” of benefit from the province’s oil
and natural gas resources.
The 200-page report covers a lot of ground, and there are important
details that remain to be defined as the government shifts toward
policy implementation. We are reviewing the report thoroughly to
assess its full impact on our industry and provide input where needed.
One thing we’ll be looking closely at is the mandate to increase
public disclosure of oil sands project costs. It will be important
for this to be implemented in a manner that avoids unintended
consequences, such as putting Alberta projects at a competitive
disadvantage relative to other jurisdictions. We are also looking
forward to getting more details on proposed value-added
programs for the natural gas and oil sands sectors. I think we can
provide input to ensure these programs are successful at creating
jobs and enhancing industry competitiveness.
Q: Did the government listen to industry’s concerns? Are these
concerns reflected in the new regime?
TM: As an industry, we made a strong case for a royalty framework
that is stable, predictable and competitive. I think that decisions like
maintaining the existing oil sands regime and the fact that the new
rules will only apply to projects starting in 2017, are positive signals
that the government understands and is serious about encouraging investment in Alberta at this difficult time.
That said, I think this report sets the stage for more work between
industry and government to ensure Alberta’s oil and gas sector is
competitive in North America. Royalties are just one part of the
competitiveness equation. Given today’s economic situation, now is
the time for industry and government to work together on solutions
to make Alberta a world-class province to do business.
C APP.C A /CONTE X T
Q: W
hat are the next steps?
TM: Over the next 60 days, till March 31st, there will be a calibration
period where the government will finalize details of the framework.
We will be engaging government to understand further the implementation phase and provide feedback as needed.
Also, we’ll be approaching the government on developing a
broad competitiveness strategy. This strategy should examine
the province’s cost structure in light of current and future policies,
and look at what can be done by government and industry on key
matters such as market access, regulatory timeliness, First Nations
engagement, promoting technological innovation and so on.
Q: Anything members can or should be doing?
TM: Member volunteers on our executive policy groups and working
committees continue to provide essential expertise in analyzing
and understanding the new royalty regime and providing solutionsoriented recommendations as needed, with a focus on enhancing
industry competitiveness.
As well, given our broader focus on working with the government
on competitiveness issues, members can definitely help. Through
their communications with friends, colleagues and government,
as well as by joining our Canada’s Energy Citizens campaign
[www.energycitizens.ca], they can add their voices to ensure the
government understands how important this industry is to Albertans,
and that there’s still work to be done to ensure this industry continues to
provide jobs and economic benefits for all Albertans over the long-term.
Alberta’s New Royalty Regime: Key Facts
• No changes to the oil sands royalty regime;
• New royalty rates for non-oil sands wells will only apply on
new wells starting in 2017 and beyond. Existing wells will
have current royalty rates grandfathered for 10 years;
• A simpler and more standardized royalty framework applies
to both oil and natural gas:
This framework includes a flat royalty rate of five
per cent until a project’s costs are recovered;
Royalty calculations based on revenue minus costs will
replace calculations based on commodity price.
Learn more at www.alberta.ca/royalties-overview.cfm
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
9
FEATURE STORY
THE YEAR AHEAD
Market Access
WHERE WE'RE AT
Oil: More capacity is required to
accommodate future production
growth and increasing global
energy demand.
2016
PRIORITIES
C A PP ’ S 2016 STR ATEGIC PRIORITIES, A S APPROVED BY
THE C A PP BOA RD OF GOVER NOR S.
Natural Gas: The shrinking of
traditional markets in the U.S.
creates a need for new markets
such as overseas LNG.
KEY ACTIONS/TARGETS FOR 2016
· Gain regulatory support for new
infrastructure and capacity.
· Gain public and government support
through advocacy emphasizing the
safety and economic benefits of transportation infrastructure.
Royalty
Framework
WHERE WE'RE AT
The Alberta government’s new royalty
regime leaves oil sands
royalties unchanged while
introducing a simpler and more standardized royalty framework to non-oil
sands wells to take effect in 2017.
KEY ACTIONS/TARGETS FOR 2016
· Advocate for balanced policy decisions
that maintain competitiveness and
minimize adverse impact to industry.
· Provide industry expertise to ensure
design details are effective and efficient.
Climate
Change
Policy
Aboriginal
Engagement
WHERE WE'RE AT
WHERE WE'RE AT
The Alberta government climate
leadership plan
includes a broad
carbon price and
an overall emissions cap for oil
sands. The federal government
plans to introduce
a pan-Canadian
framework for combating climate
change.
CAPP’s Aboriginal
Engagement
Initiative is under
way with initially
positive responses.
KEY ACTIONS/
TARGETS FOR 2016
· Advocate
for balanced
policy decisions
that maintain
competitiveness
and minimize
adverse impact to
industry.
· Provide industry
expertise to ensure
design details
are effective and
efficient.
Government
Change
Management
WHERE WE'RE AT
There is a new
federal government,
new governments
in Alberta and
Newfoundland and
upcoming elections
in Manitoba (April 19, 2016) and
Saskatchewan (April 4, 2016).
The federal government has identified several key policy/legislation
targets which have direct impacts
on industry (i.e. NEB review, fossil
fuel “subsidies”, B.C. crude tanker
moratorium, Aboriginal engagement,
SARA, etc).
KEY ACTIONS/TARGETS FOR 2016
· Continue education, dialogue and
relationship building across all levels
of government.
· Advocate on behalf of industry priorities: market access and competitiveness.
KEY ACTIONS/
TARGETS FOR 2016
· Continue CAPP’s
Engagement
Initiative and seek
to build positive partnerships
among industry and
Aboriginal groups.
· Continue advocacy with provincial
governments (and
initiate at federal
level) on UNDRIP*
implementation:
building upon
strengthened Crown
engagement and
seeking an implementation approach
consistent with
Canadian constitution and law.
*UNDRIP: U.N. Declaration on the Rights of Indigenous Peoples
10
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
C APP.C A /CONTE X T
FEATURE STORY
Municipal Taxes
WHERE WE'RE AT
Species at Risk Act
WHERE WE'RE AT
The federal government requires the
provinces have range plans to protect
caribou habitat in place by
2017. There is a risk of a
moratorium on resource
development and
increased access costs
within caribou ranges in
B.C. and Alberta.
KEY ACTIONS/TARGETS FOR 2016
· Continue advocacy for a strong
solutions-based approach,
highlighting the net positive impact
of oil and gas development.
Oil Sands
Policy Issues
WHERE WE'RE AT
Upstream environmental performance for the
oil sands continues to be
a focus for
the public,
industry and
governments.
The Alberta
municipal
government act
(MGA) review is
in the legislative
development phase.
Saskatchewan
is undertaking
a municipal
tax review.
Municipal taxes
are a significant
cost burden for
producers.
KEY ACTIONS/
TARGETS FOR 2016
· Continue to advocate for a review
of legislation that
focuses on tax
reductions and
assessment practice improvements.
KEY ACTIONS/TARGETS
FOR 2016
WHERE WE'RE AT
· Seek areas of alignment
within CAPP and beyond (e.g.
COSIA) to demonstrate environmental performance and
leadership.
Recent seismic events in
Alberta and B.C. have
raised concern regarding hydraulic fracturing
practices and regulations.
· Provide technical expertise
to the Government of Alberta
on select topics to inform
responsible policy/regulation
development.
KEY ACTIONS/TARGETS FOR 2016
· Ensure government
understands the cumulative
cost burden caused by multiple
policies and regulations
impacting the industry.
Hydraulic Fracturing
· Continue to develop awareness of the
issue and the strong regulatory practices
in place to mitigate risks.
· Develop stronger advocacy messages
with science-based evidence of past
performance and innovation.
Did You Know?
Municipal taxes represent $1.1 billion in
annual costs to CAPP members. It’s estimated that this tax burden
has been increasing at a rate of $60 million annually.
C APP.C A /CONTE X T
The CAPP Value
Proposition
CAPP members get
value from a strong,
unified industry voice
that provides advocacy
focused on:
REGULATORY
AND LEGISLATIVE
CHANGE
Responding to changes
or proposed changes
made by government.
Working with members,
CAPP assembles
technical and legal
expertise to develop
and advocate positions
and solutions that lead
to balanced policies
and credible, efficient
regulatory systems.
PIPELINE HEARINGS
Intervening to ensure
fairness of structure
and reasonable costs
that are competitive for
shippers while enabling
pipelines to operate
safely and reliably.
CURRENT
ISSUES AND
COMMUNICATIONS
MANAGEMENT
Liability
WHERE WE'RE AT
Liability management (related to, for
example, orphan
wells) is an area of
growing concern.
KEY ACTIONS/
TARGETS FOR 2016
· Continue to
develop policy/regulatory solutions
and alternatives
for government
consideration.
Ensuring that upstream
oil and gas producers
have a voice and clearly
articulated positions on
public issues that arise.
HEALTH AND
SAFETY
LEADERSHIP
Fostering best practices
and world-leading
health and safety
standards through
active engagement with
safety associations and
occupational health and
safety regulatory bodies.
CONTEXT . VOLUME 4 . ISSUE 1 . FEBRUARY 2016
11
RAISE
YOUR
HAND
FOR
CANADA
With the third largest oil reserves on the planet Canada has the
energy the world and Canadians need. More than half of the oil
in Quebec and Atlantic Canada is imported from countries such
as the U.S., Saudi Arabia, Iraq, Norway and Algeria. Now is the time
to build the infrastructure to get our energy to more Canadians
and keep the economic benefits at home.
Think oil and natural gas developed the Canadian way is good
for Canada? Then raise your hand and show your support by
joining Canada’s Energy Citizens at
Not actors. Real Canadians.
energycitizens.ca