Phil Knol makes a case for natural gas in Atlantic Canada
This week's Insights Podcast features a revealing interview with oil & gas veteran, Phil Knoll who has held senior roles with major companies like AltaGas and Duke Energy as well as Maritime & Northeast Pipelines and Corridor Resources (now Headwater Exploration) in the region. Knoll was CEO of Corridor Resources when the Gallant Government in New Brunswick imposed a moratorium on shale gas exploration. Headwater Exploration is the only company still producing natural gas in Atlantic Canada from its field near Sussex. He talks about shale gas exploration and its safety records over decades in terms of environmental impact. He also provides an estimate of the size of gas reserves in New Brunswick which would be sufficient to supply the current needs in the region for the next century. Currently Atlantic Canada imports hundreds of millions of imported natural resources, money that could benefit the region if the gas from the region was developed. Knoll also points out that natural gas will be needed for the foreseeable future in the transition to green energy in order to ensure sufficient baseload to meet peak demand, especially during the heating season. This is a conversation that everyone should listen to in order to better understand the transition to a green economy.
