CALGARY - The CEO of Suncor Energy Inc. says attempts by Michigan state politicians to retire the Line 5 pipeline running through a Great Lakes channel is a "huge potential threat" for consumers in Michigan as well as Ontario and Quebec. Speaking during the TD Securities energy conference, Mark Little says his company's refineries in Sarnia, Ont., and Montreal are operating normally despite the line's recent shutdown and partial restoration. But he adds that the use of rail transportation [Read more]
Alberta justice minister cleared in ethics case tied to oil funding inquiry
EDMONTON - Alberta's ethics commissioner says Justice Minister Doug Schweitzer did not break the rules when he hired Steve Allan to run a public inquiry into whether foreign money is bankrolling anti-oil protests in Canada. Marguerite Trussler, in a report issued Monday, said Allan was on balance a good choice in a small pool of qualified candidates. The commissioner also noted that while Allan and Schweitzer knew each other in passing and Allan had contributed to Schweitzer's political [Read more]
Global oil demand rebound from pandemic’s lows prompts price spike forecasts
CALGARY - Oil analysts say a rebound in the world's hunger for oil has already started after demand destruction caused by the COVID-19 pandemic fell far short of what many experts had expected. Amrita Sen, co-founder and director of research for international consultancy Energy Aspects, says the bounce in demand will outstrip the ability of producers to restore supply, resulting in average Brent oil prices rising from about US$43 per barrel this year to US$66 next year and US$83 in [Read more]
Presidential hopeful Biden could be swayed to supporting Keystone XL: Kenney
OYEN, Alta. - Premier Jason Kenney says he believes United States presidential hopeful Joe Biden can be swayed to supporting the Keystone XL pipeline. The presumptive Democratic nominee has vowed to rip up President Donald Trump's approval of the Alberta-to-Texas crude oil conduit if his party wins back the White House this fall. Kenney says his government would be reaching out to Democrats who support the project, as well as unions with members who would be put to work building it. The [Read more]
Trans Mountain timeline: A look at key dates in the project’s history
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]
- « Previous Page
- 1
- …
- 126
- 127
- 128
- 129
- 130
- …
- 553
- Next Page »