Business Marketing & News From Canada

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Month: April 2021

Oil majors have 'diametrically opposed' views on renewables

Oil majors have ‘diametrically opposed’ views on renewables


This week, Enbridge announced its new $20-million solar field in southern Alberta is up and running with 36,000 panels installed and generating up to 10.5 megawatts of electricity. That’s enough to power about 3,000 homes, the company said.

Some of the electricity is for the company’s oil pipeline system, which stretches across much of the country.

Make no mistake, Enbridge’s bread and butter is the oil and natural gas business, but the company is increasingly expanding its focus on renewables and low-emitting sources of energy.

In today’s oilpatch, a divide is growing between the oil majors as some companies are investing in alternative energy while other firms have no interest in it. Both face their own risks and challenges as the world shifts to lower emitting sources of energy.

“They are almost diametrically opposed strategies,” said Warren Mabee, director of the Institute for Energy and Environmental Policy at Queen’s University, in an interview.

There are those who see themselves as oil companies through and through. They have made massive investments to build up large reserves of oil and want to see those investments pay off for many years to come.

Then there are the companies who see themselves as energy firms who will adapt their operations to what the market demands.

‘Don’t look for us to become a late-entrant renewable-power developer,’ says Cenovus CEO Alex Pourbaix. (Jeff McIntosh/The Canadian Press)

Committed to crude

This week, Cenovus, Canadian Natural Resources and Imperial Oil all reiterated their stance they have no appetite to build their own wind or solar. Instead, the focus is squarely on being oil and gas companies.

That’s not to say they aren’t taking steps to reduce their impact on the environment. 

Canadian Natural has cut the emissions intensity of its operations by 18 per cent from 2016 to 2020, Cenovus by 30 per cent in the past decade and Imperial by 20 per cent between 2013 and 2017 at its oilsands operations, the companies said.

Executives with those companies say they there is an opportunity to make more environmental progress by focusing on innovation and new technology in their oil and gas operations, while also meeting society’s ongoing demand for those products.

The oilsands makes up about 11 per cent of the country’s total emissions, according to 2018 data from the federal government, and other oil and natural gas production makes up another 11 per cent.

“The preference is to stick with what we know and what we’re good at,” said Tim McKay, president of Canadian Natural, during the Scotiabank CAPP Energy Symposium.

“If I was to get into wind power, I would have to relearn it and figure out how I could compete with other producers,” he said.

In the past, some executives have said it’s not about a lack of knowledge, since oil majors have branched out into new ventures like petrochemicals without any prior experience.

Cenovus chief executive Alex Pourbaix said the only renewable energy consideration would be potentially purchasing the electricity from a third party.

“Where we’re likely to remain is focused on oil and gas production,” he said at the symposium.

“Don’t look for us to become a late-entrant renewable-power developer.”

A solar field near Brooks, Alta., also has an oil pumpjack on the property. (Kyle Bakx/CBC)

Pivoting to alternatives

For other oil majors, branching out beyond oil and gas isn’t new and they are continuing to expand their focus as the energy transition occurs and the world moves to lower-emitting sources of energy.

Suncor has been a player in the wind farm industry for a few decades and is also investing in alternative energy projects like producing sustainable aviation fuel. It’s committing about 10 per cent of its capital spending on these types of projects.

The company doesn’t hide the fact it has the money to make these investments because of the cash it generates from oil production. Suncor is also firmly entrenched in the oil industry. For instance, the company is working to expand its oilsands mines so they will have a lifespan into the 2040s and beyond.

TC Energy is developing utility-scale electricity storage projects and hydrogen technology, while also investing in solar and nuclear power. Still, it sees great value in its oil and natural gas operations.

“[The] transition can’t come fast enough for us, from my perspective, but we have to pace it appropriately. And I believe that natural gas and liquids will continue to play a prominent role in the energy economy for decades to come,” said chief executive François Poirier.

Suncor plans to operate its oilsands facilities for decades to come. (Kyle Bakx/CBC)

‘A risky game’

While the strategies of some oil majors seem to directly oppose each other, both face challenges and are “playing a risky game,” said Mabee with Queen’s University.

“If you can diversify, you can invest in different things so the chances of a catastrophic loss maybe go down,” he said. 

Whereas the companies that just stick to oil, they risk being left with stranded assets.

“If things don’t work out … you don’t have very many options,” he said.

Branching too far away from oil and gas could bring financial challenges. Companies can struggle to generate the same level of profits from a wind farm, for instance, as from oil production.

Canadian Natural expects to generate between $2 billion and $2.5 billion of profit in 2021, based on benchmark oil prices of $45 US per barrel. This week, prices are around $60 US.

On the other hand, companies who remain strictly devout to fossil fuels may be putting all their eggs in one basket and face risks with climate policy, which could drive up costs.

There could be government policy targeting the oilpatch in years to come, similar to the phase out of coal in recent years.

“You’ve got policymakers around the world that are rethinking the central role that oil plays in modern life, starting with the Biden administration,” said Ed Whittingham, a clean energy consultant and former executive director of the Pembina Institute, an environmental policy think-tank, in an interview.

Whittingham said companies are developing new strategies as many experts predict oil demand will decline in the future. That’s why some companies are focused on driving down costs and carbon emissions from their oil business, while others are looking to produce more renewable and low-emission electricity.

For Enbridge, its new solar farm is part of a larger vision to reduce greenhouse gas emissions by relying on renewable energy to power compression stations, displacing the amount of electricity produced by coal and natural gas power plants, for instance.

And there’s no need for a lawn mower on site, since the company is bringing in 50 grazing sheep to keep the grass down between the rows of solar panels.



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what is IaaS and how does it affect your ecommerce site?

What is IaaS? How Does it Affect Your e-Commerce Site?

what is IaaS and how does it affect your ecommerce site?

Cloud computing has taken over in recent years, and it offers many opportunities for businesses and users. The terminology can be a little complex though, and like with many IT-related things, there are lots of acronyms that get thrown around. 

IaaS is one acronym you might have seen, but what does it mean, and how can it affect your e-commerce store? 

Along with PaaS and SaaS, these acronyms describe the different ways businesses can use cloud technology, and choosing the right one for your e-commerce store can make a big difference.

What IaaS Means for Your Website

If you’re creating a website today, there’s a good chance it’s going to be hosted in the cloud. Very few companies maintain their own servers; instead, they rely on third-party companies to take care of many elements of their online presence. 

The distinction between IaaS (Infrastructure as a Service), PaaS (Platform as a Service), and SaaS (Software as a Service) is crucial because it dictates what level of control you have over your website. 

For some businesses, particularly those with large, complex e-commerce sites, infrastructure as a service will likely be the best option because it allows for greater flexibility and control. 

Every day, more and more businesses move their infrastructure to the cloud, and it’s important they understand how best to use it to get the best results. IaaS, SaaS, and PaaS are simply ways of describing how you use the cloud—and each business will do this slightly differently. 

Today, 90% of businesses use the cloud. According to some estimates, cloud data centers will soon process 94% of workloads.

This means it’s vitally crucial for businesses to understand what they’re investing in and how they can make the most of cloud computing. 

Cloud Computing: IaaS Vs. SaaS Vs. PaaS Vs. Serverless Computing

When it comes to cloud computing, it can seem like you’re constantly being bombarded by acronyms. Actually, IaaS, SaaS, and PaaS are useful distinctions that can help you run your e-commerce store more efficiently

Cloud computing is all about allowing you to take care of the bits you’re good at and leaving the rest to professionals. Each business has different skill sets, so they’re going to use the cloud in different ways

For example, in a bootstrapped business, the owner might be building the entire website with limited funds. In this case, they might only want to focus on the basics of creating a functional, appealing store and leave aspects such as runtime, servers, and storage to an external company. 

On the other hand, a big multinational business may have a host of developers and IT professionals capable of handling more complex functions. 

IaaS, SaaS, PaaS, and Serverless Computing give businesses the flexibility to control different parts of the cloud. 

IaaS

IaaS is the cloud-based alternative to maintaining on-site infrastructure. Whereas in the past, businesses would have had their own data centers. Today, it can be much more efficient to utilize the cloud.

Maintaining your own IT infrastructure can be costly, and most businesses don’t have the skills to do this without an external company’s help. With IaaS, businesses don’t need to maintain their infrastructure. Instead, they pay to use a third-party’s servers, networking technology, storage, and data center space.

For businesses running e-commerce sites, this means they don’t have to worry about the highly technical aspects of running a web application and they don’t have to invest in expensive infrastructure. Instead, they pay for access to infrastructure through the cloud through companies like AWS, IBM, and Rackspace.

IaaS provider Rackspace

While things like storage and networking are taken care of by the third party, this option still leaves you in charge of the following aspects:

  • applications 
  • data
  • runtime
  • middleware 
  • O/S

This is important for larger businesses because it gives them much more control over how they run their site, while still offering a scalable, cost-effective solution. 

PaaS

Like IaaS, PaaS leaves key components such as physical compute, network, storage, and virtualization to the provider. However, with PaaS, you also outsource runtime, middleware, and O/S. 

As the name suggests, PaaS gives you the platform to develop, run, and manage applications without having to take care of the infrastructure behind it. 

While this means you have less to worry about, and need fewer technical skills, it also means you have less control over how you run your e-commerce site than with IaaS.

Whichever service you choose, there is a tradeoff between convenience and control. With PaaS, you’re getting something of a middle ground between IaaS and SaaS. While much of the service is managed, you’re still in control of applications and data, which can be valuable for certain businesses. 

This makes PaaS providers such as Magento Commerce Cloud and Bluehost particularly popular with developers, as it provides everything they need to create new applications without having to invest in expensive infrastructure and operating platforms. 

Instead, they pay for what they need, allowing them to focus more on building the applications. 

As an alternative to IaaS, PaaS providers such as Magento also offer ecommerce stores good options.

Serverless Computing

Businesses are constantly searching for the most efficient ways to use the cloud, and another option is serverless computing. 

Serverless computing is very similar to PaaS, but has a few slight differences. 

One of the main differences between serverless computing and PaaS is that serverless is event-driven. You pay only for what you use, whereas with PaaS, you pay a monthly fee and have a limit to what you can use. 

Serverless computing automatically scales with your business, but you’ll give up some control. It does allow you to be extremely flexible though, saving on costs while still getting excellent performance. 

This is an ideal option for fast-growing e-commerce sites or those creating viral content that may cause a massive traffic spike. 

SaaS

For many people, SaaS is the quickest and easiest way to set up an e-commerce store. Using providers like Shopify, you use third-party platforms and apps to quickly create a functional store. 

SaaS alternative to IaaS - Shopify

Everything is taken care of for you, and all you need to do is upload your own products and create your marketing content

The obvious benefit of this is convenience. Not everybody who wants to create an e-commerce store has IT expertise and SaaS means they don’t have to. Rather than focusing on networking and hosting, they simply have to focus on building out their website and creating the content that’s going to help them sell

SaaS applications are very common across the internet. Not only are there lots of SaaS applications that help people run their e-commerce stores but software such as Microsoft 365, Google Cloud, and HubSpot are all examples of SaaS.

The downside for e-commerce stores that run on SaaS is that they’re limited in what they can do. If you have a Shopify store, then you have to work within the limitations set by that third party. When you run your store through IaaS or PaaS, there are fewer limitations, giving you greater control over your store. 

How Can IaaS Affect Your E-commerce Site?

Cloud computing has made it much more accessible to create an e-commerce site. No longer do you have to invest in expensive hardware and instead, you can pay for access to infrastructure as and when you need it. 

This has opened up e-commerce to a wide variety of people. With SaaS, it’s not necessary to have IT skills to create a competitive store. However, with the ease of creating and managing a store through SaaS comes limitations. 

Many businesses possess the skills to handle the more technical aspects of running an e-commerce site, and they want to be able to make the most of those skills without building their infrastructure. IaaS is the perfect option for these businesses as it allows them to strike a profitable balance. 

These businesses can use infrastructure as and when they need it, scaling as their business grows and shrinks. 

With IaaS, you have maximum control over your e-commerce store, allowing you to make the most of your creative and IT skills without building the infrastructure yourself. 

How to Use IaaS for Your E-commerce Company 

One of the most important things when choosing between IaaS, PaaS, and SaaS is understanding the skills and resources available to you. If you don’t have people with experience in building and developing web applications, then IaaS isn’t going to be the best option for you, and it might be better to look at a SaaS option. 

If you’re confident you can create and maintain a high-level store through IaaS, then the next step is understanding your needs. There are lots of different IaaS providers out there, and many different packages to choose from. 

Each business is different, and will have different requirements. When choosing a provider, consider the following questions: 

  • What level of access and customization do you need?
  • How flexible can the provider be?
  • How will the provider deal with changing regulations?
  • How much is it going to cost you?
  • What level of security is offered?

The whole idea of “as a service” is that you pay for the parts you need, freeing you up to take care of the bits you can handle. To get the most out of this concept, you need to have a clear picture of where your skills lie, and how your provider can take care of the rest.

IaaS Tools

When choosing an IaaS package, you must take the time to get the one that best fits your business needs. There are lots of different options out there, and choosing the right tools can make all the difference to your business:

  • Amazon EC2
  • Google Compute Engine
  • Digital Ocean Droplets
  • Hostwinds
  • Alibaba Elastic Compute Service
  • IBM Cloud Private
  • IONOS Cloud
  • Azure Linux Virtual Machines
  • Rackspace Technology
  • Openstack

As you can see, there are lots of different options out there, and this is just a small sample. The important thing is making sure you get the services your business needs without paying for resources you don’t. 

It might take a little extra research to unlock the true power of IaaS for your business, but it’s certainly worth it in the long run.

Conclusion

There are many different ways to run an e-commerce store, and how you use the cloud is a key consideration when setting up or expanding your store. 

Maintaining onsite infrastructure can be expensive and time-consuming, and with modern cloud products, there isn’t much need for it. 

The bigger question is: what do you need from the cloud? 

For large-scale e-commerce sites, with tons of resources at their disposal, infrastructure as a service is often the best way to go. This provides greater control over your site than PaaS or SaaS options and is a cost-effective way to scale your business.

When you utilize the cloud well, it can help you maximize your store’s profitability, so it’s essential to make the right choice. 

How does your e-commerce store use the cloud?

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What is the best YouTube promotion service? YouTube Playlist Pitching with HIP!

https://www.youtube.com/watch?v=JJnVt1cr3_Y&t=41s

If you’re a band or artist looking to make the biggest splash on YouTube with your new video, watch this video! To learn more, call (732-613-1779), email (info@HIPVideoPromo.com) or visit our website (https://www.hipvideopromo.com)!​

Hello everyone! I am Andy Gesner, the owner and president of HIP Video Promo. As a veteran of promoting music videos for over 20 years, I field numerous questions from potential and existing clients every day. One of the most frequently asked questions is, what is the best YouTube promotion service?

Independent creatives all over the world are looking to increase the amounts of views for their YouTube videos. And here at HIP Video Promo, we have seen many, many ways to do this. But when it comes to generating YouTube views, you do want to shy away from any companies that are just manufacturing or buying views.

I now have an answer to the question “what is the best YouTube promotion service?” – it is

https://www.youtube.com/watch?v=JJnVt1cr3_Y&t=41s

Rob Stevenson | QUIT Selling and Start Helping

https://www.youtube.com/watch?v=rCYPYoKNWTc

From early in my sales career, I always looked for ways to learn and get better at my craft. I would always find myself at a bookstore getting the latest book on sales, leadership, or general business. Well, one day I found a book called “How to Soar Like an Eagle in a World Full of Turkey”. That book’s title resonated with me at that time and I bought it immediately.

20 plus years later, I have the privilege of sitting down with the author of the book and learning from him live… and you get to sit in on the conversation.

In today’s Talent + Talks Podcast, we learn from Robert Stevenson. Rob provides insight into sales and leadership. He gives great examples from his past about how he got into speaking and writing books, and he also shows us that his message is just as powerful and useful today as it ever was.

You can find Rob on LinkedIn where he is an active participant on the platform. I find that most people that are mak

https://cercatalent.com/2021/talent-talks-with-rob-stevenson-quit-selling-and-start-helping/

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