EDMONTON - Alberta Premier Jason Kenney is making another demand of Justin Trudeau over the Keystone XL pipeline ahead of the prime minister's call today with new U.S. President Joe Biden. In a letter to Trudeau, Kenney reiterates that the prime minister must press for a meeting with Biden so that Canada can make its case for the pipeline, which Biden cancelled this week on his first day in office. Kenney also repeats that if that fails, Trudeau must take retaliatory measures such as trade [Read more]
Irving Oil lays off 60 workers from Saint John refinery, citing collapse in demand
SAINT JOHN, N.B. - Irving Oil has laid off 60 workers from its Saint John refinery, saying the pandemic has had an "extreme and serious" impact on its business and industry. The company says it also reduced its contractor workforce to 225 workers from its average first-quarter workforce of about 1,000 earlier this year. Irving Oil says the collapse in demand for motor fuels, jet fuel and other refined products continues to create prolonged and significant challenges. In addition, it [Read more]
Loss of Keystone XL pipeline expected to hurt future oilpatch growth
CALGARY - An industry analyst says Western Canada's oil producers will likely cope better in the short term with Joe Biden's cancelling of the Keystone XL presidential permit this week than they did with the same move by ex-president Barack Obama in 2015. But Phil Skolnick, a New York-based analyst for Eight Capital, agrees with other observers that the end of the pipeline will stifle new investment and production growth in the Canadian oilpatch for years to come. Shortly after being [Read more]
Trudeau vows to keep up the fight to sway U.S. on merits of Keystone XL pipeline
WASHINGTON - Prime Minister Justin Trudeau says Canada will continue to fight to convince president-elect Joe Biden's administration of the merits of the Keystone XL pipeline expansion. Trudeau says Kirsten Hillman, Canada's envoy to the U.S., is pressing Ottawa's case with what he calls the "highest levels" of the Biden team. Biden promised during last year's election campaign that he would rescind President Donald Trump's approvals for the US$8-billion cross-border [Read more]
Documents show Biden plans Day 1 order nixing Keystone XL
WASHINGTON, D.C. — Transition documents suggest president-elect Joe Biden plans to block the Keystone XL pipeline on his first day in the White House. The documents, seen by The Canadian Press, include a to-do list dated Wednesday that includes rescinding the construction permit signed by predecessor Donald Trump. Campaign officials promised in May that if elected, Biden would cancel the controversial cross-border project, but the timeline was never clear until now. The pipeline [Read more]
Kenney, Moe condemn Biden’s plan to scrap Keystone XL on Day 1 of presidency
OTTAWA - The Alberta and Saskatchewan premiers are condemning Joe Biden's plan to scrap the Keystone XL pipeline expansion on his first day as U.S. president. Biden's plan is outlined in transition documents seen by The Canadian Press. Jason Kenney and Scott Moe say halting construction on the controversial project will be disastrous for both the Canadian and U.S. economies. Kenney says his government -- which announced a $1.5 billion investment into the expansion last year -- is [Read more]
Oilpatch woes boost Calgary’s downtown office vacancy rates to record levels
CALGARY - Vacancies in Calgary's downtown office towers have risen to record levels and there's no landlord relief in sight with almost one in three offices sitting empty and sublets accounting for a quarter of available spaces on the market. The city's glut of empty office space has previously been linked to overbuilding but two commercial real estate reports released this past week show that downtown vacancy rates in Canada's oil and gas capital are the highest in the country and growing — [Read more]
Worker missing after dozer breaks through frozen tailings pond in northern Alberta
FORT MCMURRAY - A worker is missing after a dozer broke through ice on an inactive Suncor tailings pond in northern Alberta. Suncor Energy Inc. spokeswoman Erin Rees says crews responded to the accident Wednesday afternoon at the mine site near Fort McMurray. She says the dozer operator has not been found. The worker was an employee of Christina River Construction. Rees says Suncor's emergency services team responded immediately and remains at the site. She says occupational [Read more]
Enbridge rejects Michigan’s order to shut down Line 5 pipeline through Great Lakes
TRAVERSE CITY, Mich. - Michigan's demand that Enbridge Inc. shut down an oil pipeline that runs through a channel linking two of the Great Lakes is based on bad information and political posturing and will be ignored, the Calgary-based company said Tuesday. Democratic Gov. Gretchen Whitmer in November moved to revoke a 1953 state easement that allowed part of the Canadian company's Line 5 to be placed along the bottom of the Straits of Mackinac, charging that Enbridge had repeatedly violated [Read more]
TC Energy invites bids for Keystone pipeline space as plans advance for Keystone XL
CALGARY - The Calgary company building the Keystone XL pipeline is inviting oil shippers to bid for capacity expected to be made available when it opens in about two years despite a vow by the incoming U.S. president to halt the project. TC Energy spokesman Terry Cunha says about 80,000 barrels a day of capacity on the existing base Keystone export pipeline system is expected to be freed up when barrels are moved to the expansion pipeline after it is completed. He says those moves are [Read more]
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