OTTAWA - The Trans Mountain pipeline expansion cleared another legal hurdle Thursday when the Supreme Court of Canada denied leave to appeal to First Nations that argue they were not properly consulted about the project. The decision appears to end legal arguments about Ottawa's decision to approve the project, which is already under construction. Here are some other key dates in the history of the pipeline: October 1953: The Trans Mountain pipeline begins shipping oil with an initial … [Read more...]
Fitch reduces Alberta credit rating, cites concerns on heavy borrowing
EDMONTON - Alberta's plan to relaunch its economy is taking a hit right out of the starting gate. The United States-based Fitch rating agency has announced it's reducing Alberta's credit rating to AA- from AA. Fitch cites a concern with sharply higher borrowing done by the province to deal with the economic fallout of the COVID-19 pandemic. Premier Jason Kenney is expected to provide details of Alberta's financial picture in August, but has said this year's budget deficit is expected to … [Read more...]
Alberta cuts business tax, boosts infrastructure spending to reboot economy
EDMONTON - Alberta is cutting business taxes and pumping $10 billion into infrastructure projects to springboard its economy out of the financial crisis caused by the COVID-19 pandemic. Premier Jason Kenney says the investments will be for roads, health care, schools and in other areas, with expected spinoff benefits to other businesses and the service sector. Kenney says there will also be incentives for high-tech companies and other sector-specific initiatives. Kenney cut the … [Read more...]
Kenney says ambitious, long-term Alberta economy reboot plan coming Monday
GRANDE PRAIRIE, Alta. - Premier Jason Kenney says his government's blueprint to reboot Alberta's distressed economy will be announced Monday in Calgary. "It will be a bold and ambitious plan to make strategic investments to get people working right now when we need it most, but also to invest in the long-term productivity of our economy," Kenney said Friday. He said it will involve the largest ever spending on public infrastructure, including areas such as health care and … [Read more...]
Alberta probe into foreign funding of anti-oil groups extended to October
EDMONTON - Alberta's public inquiry into whether foreign money is bankrolling anti-oil protests in Canada is going into overtime. Energy Minister Sonya Savage says the initial findings from the inquiry's commissioner, Steve Allan, show more work is needed to complete the final report. So, Savage says the government is extending the deadline for the report to Oct. 30 from July 2. Also, an extra $1 million will be added to the existing $2.5-million budget. The cash will be diverted … [Read more...]
Alberta reinstating environmental monitoring in industry, oilpatch on July 15
EDMONTON - Alberta industries, including the oilpatch, will resume environmental monitoring and reporting in three weeks. The Alberta government and its energy regulator have each issued orders for reporting to resume on July 15. Testing and reporting had been suspended earlier this spring due to health and staffing concerns related to the COVID-19 pandemic. Environmental critics and the Opposition NDP had been demanding the government reinstate the monitoring, questioning why it was … [Read more...]
Co-op, Unifor ratify new seven-year contract after six-month labour dispute
REGINA - Hundreds of workers at Regina's Co-op oil refinery complex will be returning to work after ratification of a tentative contract. The agreement brings an ends to a six-month labour dispute that began after refinery owner Federated Co-operatives Ltd. locked out more than 700 workers last December following a strike vote. The company says the new contract is a seven-year deal and that employees will return to work in the coming weeks. Unifor Local 594 had encouraged members to … [Read more...]
Ranch Energy failure more than doubles B.C.’s inventory of orphan wells
CALGARY - The number of orphan wells in British Columbia has more than doubled thanks to the failure of one oil and gas company. The BC Oil and Gas Commission says it has designated 401 wells and three facilities formerly owned by Calgary-based Ranch Energy as orphans, which means there is no owner willing or able to restore those sites. The provincial agency says the wells take B.C.'s list of orphan sites to a total of 770, although 56 of those sites are substantially restored. Ranch … [Read more...]
Enbridge reopens underwater section of Line 5 pipeline after inspection
Alberta-based Enbridge says it has reopened a branch of pipeline beneath the water separating two Great Lakes after an inspection revealed no damage, but another parallel branch of the line remains closed due to shifting observed in its anchor assembly. The company has also responded to Michigan Gov. Gretchen Whitmer's call for proof that the damage to the anchor assembly on one of the dual pipelines under the Straits of Mackinac will not pose a threat to the area. In a letter to Whitmer … [Read more...]
Canadian crude-by-rail exports drop by half in April as fuel demand plunged
CALGARY - Canadian exports of crude oil by rail dropped by more than half in April compared to March as North American fuel demand plunged due to measures taken to control the COVID-19 pandemic. The Canada Energy Regulator says rail shipments of oil in April fell to 156,000 barrels per day, down from 351,000 bpd in March and 240,000 bpd in the same month of 2019. Shipments reached a record high of 412,000 bpd in February. Rail transportation of crude oil is considered to be more expensive … [Read more...]
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