Easwaran Kanason

Co - founder of NrgEdge
Last Updated: June 13, 2021
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Business Trends
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It cannot be said that the conversation around sustainability and carbon intensity in the energy industry happened overnight, since the topic has been a subject for over five decades. But what has changed is that there has been a major acceleration in the discussion in the last year, and even the last month. The European majors and supermajors have all adopted ambitious carbon-neutral goals – even though some jurisdictions are saying that those aren’t even enough. Over the pond, even shareholders are pushing the traditionally more reticent American giants to adopting stronger climate change goals. Nothing is more emblematic of this change that the shareholder revolt at ExxonMobil’s recent AGM, where upstart activist investor Engine No. 1 managed to oust a quarter of ExxonMobil’s board; the initial tally saw two of its candidates elected, but the final numbers showed that three of Engine No. 1’s nominees now sit on the Board of Directors with a remit to initiate climate change manoeuvres from the inside.

That sort of conversation will be jittery for a particular section of the industry: Canadian oil sands – the heavy, sandy deposits of bitumen in Alberta that provide Canada with the third-largest proven oil reserves in the world. Extracting this heavy stuff is expensive, requiring large-scale excavation and massive capital spending that only really made economic sense with the oil price boom in the late 2000s. Shipping this tarry substance is also a challenge, necessitating dilution with lighter crudes to be shipped via pipeline – which is the only major viable route to market for landlocked Alberta, sending the tarry substance all the way south to the US Gulf Coast for processing. The problem is that extracting oil sands is extremely energy-intensive – with the main culprit being steam injection to liquify the underground bitumen – that has resulted in some of the highest carbon emissions per barrel in the world. In a world racing towards net zero carbon emissions, that is quickly proving to be unacceptable.

So while the climate change debate rages on in the boardrooms of the largest energy firms, the exit has already begun from Alberta, operationally and financially. The latest moves come from Chevron, which saw its shareholders overturn the company’s recommendation to instil stricter emissions targets for its crude, and the New York State Common Retirement Fund, the third-largest in the USA. Chevron’s CEO Mike Wirth recently signaled that he was open to offloading its 20% stake in the Athabasca oil sands project, stating that even though it generates ‘pretty good cash flow without needing much capital’ it was not a ‘strategic position’. Wirth insisted that Chevron wasn’t operating on a ‘fire-sale mentality’ but would consider selling if it got ‘fair value’ – with in business-speak is basically as invitation for offers. But would those offers be forthcoming? Investors all around the world have pulled back from financing Canadian oil sands, limiting the pool of potential buyers. In April, the New York state pension fund restricted investment in six oil sands companies – Imperial Oil, Canadian Natural Resources, MEG Energy Corp, Athabasca Oil Corp, Japan Petroleum Exploration and Cenovus Energy – claiming that they ‘do not have viable plans to adapt to the low-carbon future, posing significant risks for investors’. The amount of funds (US$7 million) is a drop in the ocean for the US$248 billion pension fund, but the message it sends is loud and clear.

Taken as it is, this could be an exit. But taken as a collective movement considering divestments over the past 3 years, this is an exodus. In May 2020, Norges Bank Investment Management – the world’s largest sovereign wealth fund with over US$1 trillion in assets gleaned from Norway’s oil industry – pulled back entirely from Canadian oil sands, selling nearly US$1 billion in four major firms citing concerns over carbon emissions. While no other major pension fund has followed suit, private investors have, including titan BlackRock that has begun to exclude oil sands from its major funds Financing is also proving tricky, with a string of major banks – including HSBC, ING and BNP Paribas – either paring back or stopping lending entirely to the industry; the insurance industry is also pulling back, with The Hartford stopping investing or insuring of the Alberta crude oil industry.

These high-profile investment and financing moves have dimmed the shimmer of an industry that was never that clean to begin with. But what will hurt is the pullback of upstream players, which hollows out the pool of companies left to exploit what is an increasingly unattractive asset. Before Chevron even contemplate its sale, Shell already sold its assets in 2017 for US$8.5 billion and ConocoPhillips offloaded to Cenovus Energy as part of a broader sale including gas assets for US$13.3 billion, also in 2017. Norway’s Equinor, too, has liquidated its position. Then in February 2021, ExxonMobil dropped a bombshell – effectively eliminating every drop of oil sands crude from its worldwide reserves, a tacit admission that oil sands would not form part of its upstream focus (at least at current prices) for the foreseeable future, especially with more attractive propositions in Guyana and the Permian. Given its recent shareholder revolt, it is unlikely that oil sands will be back on the menu ever.

The players in Alberta are trying to fight back. Having been consolidated in less than a dozen major players – from oil sands specialists to more integrated players such as Suncor – the industry is trying to rally institutional support, stating that traditional industry is still necessary to build the clean energy industries of the future. Suncor’s CEO Mark Little puts it this way: ‘this is way more complicated (than its seems)… the wind farm can’t be the solution to every problem. It’s not. So we need to find innovative solutions.” The oil sands patch’s biggest players are also banding together to form an alliance to achieve net-zero greenhouse gas emissions by 2050 – similar to the goals of most energy majors – as it tries to convince not just the world, but also Canada’s own government that Alberta has a continued role in the country’s energy transition. Efforts include linking facilities in Ford McMurray and Cold Lake to a carbon sequestration hub, expanding carbon capture and storage technology, accelerating clean hydrogen and other clean technologies such as direct air capture and fuel switching. The timeframe and viability of this is critical, given that Prime Minister Justin Trudeau has already announced plans to raise Canada’s carbon price steeply to accelerate its energy transition.

Those are bold plans and bold ambitions. But will it be enough? Can the exodus be stemmed? Or will the industry be whittled down to a handful of local players isolated from the wider energy world, removed from climate change engagement completely? It is difficult to tell at this point, but at the very least, things are starting to move in the right direction. Even if the pace is as slow as the crude sludge mined in Alberta.

End of article 

Market Outlook:

-       Crude price trading range: Brent – US$71-73/b, WTI – US$69-71/b

-       Confidence in the crude markets has vaulted global price benchmarks to their highest level in two years, with both Brent and WTI exceeding the US$70/b psychological level

-       Underpinning this rally are signs that vaccinations are boosting economic activity, with the likelihood of some travel and hospitality sectors reopening fully across the northern hemisphere’s summer, while crude marker indication show tightness in the market

-       That will reinforce OPEC+’s position to ease its supply quotas from July onwards, with club’s goal likely to be keeping prices around US$70/b – a level that should stabilise internal finances and budgets for most member countries. 

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Making use of commercial timber pellet mill

Today we  will certainly  discuss industrial  timber pellet mill  Most of us know that  contemporary society  promotes the recycling of resources, especially waste wood, sawdust, straw,  and so on. The  timber that  might not be  utilized before can be  refined into sawdust after  squashing  and also processing., sawdust  as well as other raw materials,  advertise the recycling of waste wood,  as well as facilitate our lives.

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Sawdust  source has the  features of high calorific value  as well as  reduced emission of  unsafe gas. It can be used as a high-quality biomass  resources for  power  usage, which can  lower the  intake of non-renewable energy such as coal, oil  as well as natural gas.  Currently, the energy  use  techniques of sawdust in my country  generally  consist of:  straight combustion heating, granulation, gasification, liquefaction  as well as carbonization.

Around us, waste wood, branches, waste wood scraps, bark, branches, waste boards, veneers,  furnishings factory scraps,  assorted wood, etc can be  grated into sawdust,  and also biomass pellet fuel is  generated through the industrial  timber pellet mill The finished product has high  burning efficiency and little harm to the  atmosphere, which can be  claimed to kill two birds with one  rock.

Related post: biomass pellet mill for sale

1.  Making use of industrial  timber pellet mill.

The industrial wood pellet mill is a good  gadget that can make sawdust energy. There are  numerous  house  suppliers, which produce a large  quantity of sawdust  each year.  Nevertheless, due to the influence of  standard  manufacturing  techniques  and also living  routines, the  use  price of sawdust is extremely low, and a  substantial amount of sawdust  sources are  disposed of or  blazed, which not  just  creates waste of  sources,  yet  additionally pollutes the air. The use of industrial  timber pellet mills  successfully recycles these resources.

Over the years, Richi Machinery  has actually focused on the research and development, design  and also production of  commercial  timber pellet mills, wood  cutting pellet machines, sawdust pellet  makers, biomass pellet machines, wood pulverizers,  timber pellet  assembly line,  timber processing  tools  and also  various other  items. All  items have passed ISO9001 :2008 The international  high quality  monitoring system  qualification  as well as EU CE  qualification have  gotten to the  worldwide  sophisticated  degree,  as well as the  items  swiftly cover the domestic market and are exported to countries  all over the world.

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Considering that its  facility, Richi Machinery has won the honorary titles of "Advanced  High Quality  Device" and " Top Quality Trustworthy Unit"  each year,  and also has been  identified as a national AAA-level enterprise for  high quality,  track record and service. The  firm  has actually always  stuck to the principle of " top quality first,  online reputation  initially",  according to the tenet of "survive by  top quality,  and also  look for  take advantage of development", exerting its own  benefits  as well as gradually  increasing its scale. In the future, the  industrialized people will make persistent efforts to  establish and develop products that are well  gotten by  residential  and also foreign customers,  as well as  stroll in the forefront of the industry.

2. The development  possibility of industrial wood pellet mill.

Over the last few years, many  nations have  better  enhanced the development of  brand-new  power  as well as the management of environmental  issues. Biomass  commercial wood pellet mills are not only environmentally friendly  and also resource-saving, but also bring us economic value. They have been affirmed by  several  individuals  as well as  buddies, and the market sales are  likewise high.  For that reason, the development prospect of  commercial wood pellet mill can be  claimed to be  extremely  excellent.

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In order to meet the  demands of different life  as well as production, industrial wood pellet mills  have actually  likewise been innovated  and also upgraded. These  cutting-edge  technical products are  made use of more and more widely in our lives. It brings us a very safe material for  individuals's livelihood heating  and also living  power. This  gas has a high  usage  price and is  simple to  shop. Especially, it can be  made use of as the  primary  gas type for thermal power generation, which greatly replaces the existing ones.  Different non-renewable  power sources such as raw coal and firewood,  gas  dissolved gas, etc can  successfully save the input of non-renewable fuel.

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August, 03 2022
Seven Tips for Online Learning During COVID-19

It is no secret that the COVID-19 epidemic has forced us all to make significant changes in our lives. Remote work has been an option for businesses; K-12 schools have adopted distance learning as a necessity; many college students, who were previously enrolled in on-campus courses, now have to learn online.

While online learning carries many positive benefits that make it the preferred choice for millions of students, it doesn't come without its challenges--especially for students who are more familiar with in-person courses.

Here are seven tips from Jonathan Small (associate vice president for online learning at Regis College), that will help you to adapt your study habits to fully online learning.

Tips for Online Classes1. Take the time to plan ahead and understand when your assignment is due.

Online students interact with the subject matter and complete assignments via learning management software (LMS). Regis offers online classes through Moodle. Other popular tools include Canvas and Blackboard.

It doesn't matter what LMS you use, it is important that you take the time to familiarize yourself with the interface as well as your assignments. Take a look at the due dates for your assignments so you can create a realistic plan to complete them.

Small says that online classes are often structured in modular formats, which is different from face-to-face classes. You don't always have the physical reminder that your work is due in class. Online classes can be very busy, so students must organize their time.

2. Make sure you have enough time to study.

Many students at Regis and other universities pursue their education while also fulfilling other obligations. You have to balance work, childcare, family obligations, and internships.

Small says, "Chunking tasks is a great way for students to feel accomplished." You feel like you are making progress. You can also schedule a time to study, which will help you establish and maintain a routine.

3. Regular communication is essential for group projects.

Many college courses include group projects and assignments that you must compete with others in the class. This is true for both online and in-person courses. Small says that while in-person courses allow for group projects and bring people together face to face, online students must be careful about communicating effectively.

Groups must prioritize communication, regardless of whether it's via Zoom, email or phone call, instant messaging, shared documents, or any other form altogether.

Small says, "Find a system which works for everyone in your group and then follow up often."

4. Split up work groups early.

It is important that groups are able to properly divide tasks so that everyone has a fair share and everyone knows exactly what they have to do.

Small advises that group projects should be planned far in advance so that everyone can share the work and coordinate their efforts. This way, even if something isn’t due for a few more weeks, everyone has the opportunity to use their time and work on their tasks as they can.

5. Keep in touch with your professor frequently.

As important as it is to communicate with your classmates and group members, it's equally important that you communicate with your instructor or professor. Whether you need help with an assignment, or simply want to share your struggles with them, make the effort to contact your professor.

Small says that talking to your instructor is key to success. Small says that you don't have to struggle with your questions and concerns alone. The professor can help. Talking to your instructor for five minutes can help you save days of stress. You will feel better, get more clarity, and be more successful.

You don't have to communicate only when things are going wrong. You can build a rapport with your instructor by letting them know when things are going well.

6. Participate as often as you can

Participation is key to your success, no matter if you are taking classes online or in person. Active participation not only shows your professor you are engaged but also shows you are learning and willing to do the work required to succeed. Participation transforms education from a passive process to one that is active.

Small says that the more you take part as a student the better your experience will be.

7. Flexibility is key.

Flexibility is key to online learning, both for you and your fellow students--and even your professors.

Small says, "Remember that your instructors had only to switch to remote teaching within a weekend. That's the same time it took to transition to online learning."

"This happened by accident. It's possible to restore the campus community by simply being compassionate, active in your course material, and talking to your instructors. This will make the transition smoother.

Put in the Work

Online learning might not be your first choice. However, the tips and advice above will help you make the most of your online courses. Clear and open communication with your classmates and instructors, as well as staying focused on the course material, will be key to your success in this difficult time.

Related article from studentjob.co.uk : http://www.studentjob.co.uk/blog/5757-best-online-exam-help-top-five-websites-you-can-trust 

Related Resources:

Are Online Classes Worth It? 12 Pros & Cons Of Online Learning

Tips to Be Successful in Your Online Classes In 2022

5 Reasons Why Online Learning is the Future of Education

The Impact of Online Classes on Students


August, 02 2022
What is a Satire Essay and How Does It Work?

One of the most popular literary devices or genres is Satire. This genre is especially designed to criticize someone or group of people for their vices, wrongdoings, or shortcomings.


Usually, humor is used to highlight important political and cultural issues in a society. A satire article is a type essay that uses humor, sarcasm, and irony to ridicule a person, situation, or ideology. It pokes fun in an elite and sarcastic fashion at certain people or situations.


How to Write Satire Essays: Writing Tips

How do you write a satire article? It doesn't have to be difficult, even though it seems daunting. However, once you use the following tips, it can be an easy task to write a satire article.


Choose a relevant and original topic

This is why you will need to create a satire essay. Your first step is to pick a satirical essay topic. You may be assigned a topic by your professor or teacher in some instances, but you would need to create your topic.


Decide the topic of your essay. Depending on what you are interested in, you can choose to concentrate on either a political or societal situation.


However, it's a good idea to choose a topic you are already familiar with. This will make it easier to locate facts and evidence to support the views you hold.


Consider your audience

Your essay is the center of attention. You must consider your audience at every stage of the writing process. Your essay should be addressed to college professors or high school students.


Are professionals reading it or are you just a student? It is important to consider your audience and determine the right tone for your essay.


A casual tone is acceptable if your target audience is mostly friends and students. It's best to use a formal tone if your target audience is professionals.


Add humor!

What makes a humorous essay so engaging? It is the topic, or the writer's writing style that makes satire essays so interesting. Humor is the key ingredient to any satire essay. You want your audience to laugh at the absurdity or inanity of a person or situation. Irony, sarcasm or hyperbole are all great ways to accomplish this end.


These devices can be very effective if used in a thoughtful manner.


Be clear about the facts

Because satirical essays often use exaggeration and humor, it is crucial to write an essay that is straightforward. An essay that contains false or misleading information will not be accepted by the court of public opinion.


Therefore, facts should only be stated that are supported by strong evidence. If you want to give credibility, be sure to cite the source of your information after citing figures, theories, opinions, etc.


This would ensure your audience that your essay was credible. Avoid including arguments that you are unable to prove or find evidence.


Use the ELP Format

ELP format is a great tool to ensure that your satire essay will be professional and high-quality. ELP is an acronym that stands for ethos, logos, and pathos.


These three elements make up a large part of an essay and can either help or hinder your work. These elements are important and can be used in your essay.


Ethos informs readers about the topic at hand and their preexisting beliefs. To provide a foundation for readers, Ethos should be used as a tool in the introduction.


Logos give credibility to your work by providing facts and figures for the audience.


As the name implies, pathos will elicit the appropriate emotions and feelings from your audience. You can use this tool to invoke sadness, sympathy, anger or any other emotion.


Be tolerant

It is important to avoid making offensive statements in satire essays, even though they are often filled with irony or sarcasm.


Your audience will likely include people from all walks of life. Therefore, it is important not to make comments that could be considered discriminatory or offensive for a particular section.


The art of discerning the right line between humor and offensiveness is delicate and requires practice. You can ask teachers or colleagues to give you second opinions so that your essay doesn't offend.

Learn more at: https://proessays.net/blog/40-witty-topics-for-a-satirical-essay


July, 25 2022