BOE Report

BOE Report Staff

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New Brunswick premier: don’t worry about shale gas work in wetlands

  FREDERICTON - An environmental group in New Brunswick is raising concerns about the provincial government's decision to allow seismic testing in wetlands by an energy company, but Premier David Alward says environmentalists have nothing to fear.Alward said in an interview Wednesday that provincial regulations will protect the environment from shale gas exploration."I have full confidence that the industry will be responsible and that we are putting in place, and have put in place the [Read more]

Man dies after being struck by piece of pipe at Alberta gas plant

  HINTON, Alta. - A man has been killed in an accident at the site of a gas plant in west-central Alberta.The death happened Tuesday, about 80 kilometres northeast of Hinton.RCMP say the 32-year-old Hinton resident had been working as part of a pipeline crew when he was struck by a large piece of pipe.The victim died at the scene.His name has not been released.An autopsy is scheduled and police do not consider the death suspicious. [Read more]

Enbridge seeks swift approval of 600 mile Midwest oil pipeline, pitches project at open houses

MARSHALL, Mo. (AP) - A Canadian company's plan to build an oil pipeline that will stretch for hundreds of miles through the Midwest, including through many sensitive waterways, is quietly on the fast-track to approval — just not the one you're thinking of.As the Keystone XL pipeline remains mired in the national debate over environmental safety and climate change, another company, Enbridge Inc. of Calgary, Alberta, is hoping to begin construction early next month on a 600-mile-long pipeline that [Read more]

Prentice to First Nations: seize resource opportunities before it’s too late

  OTTAWA - One of Stephen Harper's former cabinet ministers is urging First Nations to seize the "incredible opportunities" in the energy and natural resource sectors before they get left behind.Jim Prentice, who left government to become a top banking executive, said Tuesday that aboriginal peoples in this country now have the chance to cash in on a once-in-a-lifetime opportunity — but the clock is ticking."They will need to seize that opportunity and use the so-called duty-to-consult [Read more]

Engineer at center of train derailment speaks out

LAC-MEGANTIC, Quebec (AP) -- The engineer who parked the oil train that rolled away, derailed and exploded in the center of a Quebec town was heard from Tuesday for the first time since the July 6 disaster that killed 50 people, with his lawyer saying he is "devastated." Lawyer Thomas Walsh said Tom Harding needs time to recover from the shock. Walsh said he hopes to get psychological help for his client, who has been staying at an undisclosed location to stay away from the media. "I used [Read more]

Suncor oilsands production fully restored following restart of Enbridge pipeline

  CALGARY - Suncor Energy Inc. (TSX:SU) said it has fully restored oilsands production, which was disrupted by a precautionary shutdown of an Enbridge regional pipeline system in northern Alberta last month.Suncor said Tuesday it has been ramping up oilsands output since Enbridge (TSX:ENB) restarted the system earlier this month.Enbridge shut down its Athabasca and Waupisoo pipelines — a major part of the network that serves Alberta's oilsands — as a precaution after a June 22 spill from [Read more]

Oil price moves up to $107 a barrel as traders look to next US crude inventories report

  The price of oil moved up to US$107 a barrel Tuesday as investors waited for the next U.S. report on crude and fuel inventories for confirmation that demand is increasing.By early afternoon in Europe, benchmark crude for August delivery was up 69 cents at $107.01 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 37 cents to settle at $106.32 on Monday.Oil is up about 10 per cent so far this month. It has been jolted higher by unexpectedly sharp [Read more]

For Obama’s climate plan, devil is in the details

WASHINGTON (AP) — Frustrated by a recalcitrant Congress, President Barack Obama has vowed to take climate change into his own hands. Now he has to deliver. Three weeks after giving an ambitious speech to outline his proposal, the president begins the arduous task of executing it. Obama’s plan is a complicated mix of rule-making and federal permitting that’s tough to encapsulate in a neat sales pitch — and may be even tougher to put into action. By pledging to use his authority under [Read more]

Oil near $106 as China slowdown, plunging U.S. supplies weighed

BANGKOK (AP) - Oil marked time near US$106 a barrel Monday as traders navigated conflicting signals about the strength of future demand: slowing China growth and plunging U.S. fuel stockpiles.Benchmark crude for August delivery was up 3 cents at $105.98 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract jumped $1.04 to $105.95 in New York on Friday.Oil is up about 10 per cent so far this month. It has been jolted higher by [Read more]

Five more bodies found in Lac Megantic, official death toll now stands at 33

  LAC-MEGANTIC, Que. - Five more bodies have been found in the charred debris in Lac-Megantic to bring the official death toll to 33.Another 17 people are missing and presumed dead.Nine of the 33 dead have been identified.Authorities have released the name of only one victim so far.They will release seven more names tonight and the name of the ninth person identified is to be made public on Monday. [Read more]