WASHINGTON – Joe Biden’s campaign says the former vice-president will rip up President Donald Trump’s approvals for the Keystone XL pipeline if he takes over the White House next year. Campaign officials made Biden’s first policy pronouncements on the controversial cross-border pipeline expansion, designed to ferry Alberta oilsands bitumen to refineries on the U.S. Gulf Coast, in a statement today to Politico. Biden is no stranger to standing in the way of the Calgary-based TC Energy [Read more]
Alberta Energy Regulator blocks sale of Shell assets over clean-up concerns
CALGARY - Alberta's energy regulator has blocked the sale of sour gas wells, pipelines and other facilities from an energy giant to a much smaller company over clean-up concerns. In a decision released today, the regulator says Calgary-based Pieridae Energy's attempted purchase of the southern Alberta assets from Shell Canada goes against the intent of environmental laws. The issue was seen as a test case of the regulator's determination to avoid clean-up costs for energy facilities [Read more]
Chiefs, governments to sign rights understanding after B.C. pipeline protests
VICTORIA - A virtual signing ceremony on Thursday marks the start of a new relationship between the hereditary chiefs of the Wet'suwet'en Nation and the federal and B.C. governments after tumultuous gas pipeline protests earlier this year, say government leaders. The hereditary chiefs who oppose Coastal GasLink's pipeline across their traditional territories are set to sign a memorandum of understanding with the two governments that was negotiated amid countrywide blockades, marches and [Read more]
B.C. lays out $120 million plan to clean up inactive oil and gas wells
VICTORIA - British Columbia has announced details on how it plans to spend $120 million in federal funds earmarked for cleaning up inactive oil and gas well sites across the province. Premier John Horgan says restoring more than 2,000 inactive oil and gas wells would support upwards of 1,200 jobs in B.C. The federal government announced $120 million for cleaning up so-called orphan wells in B.C. in mid-April, money the province says it intends to spend on three new programs once a final [Read more]
Oilpatch welcomes federal aid for large firms despite climate change conditions
CALGARY - The oil and gas sector and the Alberta government are applauding a federal financing relief package for large Canadian companies despite conditions that could link the aid to an individual company's climate change goals. In Edmonton, Alberta Finance Minister Travis Toews welcomed the announcement, saying that the province's large companies, particularly in oil and gas and aviation, need relief quickly. He says that while the province still needs to see the details of the federal [Read more]
Work-from-home success changing Calgary office use assumptions, CEOs say
CALGARY - Work-from-home measures taken to control the spread of the COVID-19 pandemic are challenging long-held assumptions about how Canada's oil and gas sector should provide and care for its office workers. The ramifications as downtown offices reopen in Calgary could mean fewer face-to-face meetings, less travel, more flexibility for workers in where, when and how they work and, ultimately, lower leasing bills, CEOs say. "There's been a lot of learnings from this working from home, [Read more]
Inter Pipeline warns of higher costs, delays for Alberta petrochemical project
CALGARY - Inter Pipeline Ltd. is warning that the cost of building its Heartland Petrochemical Complex has risen by about half a billion dollars and its in-service date may be delayed due to factors including the impact of the COVID-19 pandemic. When announced in December 2017, the cost of the plant northeast of Edmonton designed to convert plentiful Alberta propane into polypropylene plastic pellets for export to manufacturers was estimated at $3.5 billion. The Calgary-based company says [Read more]
Trudeau says he does not share view that oil and gas sector is beyond saving
OTTAWA - Prime Minister Justin Trudeau says he does not agree that oil and gas in Canada is dead. Bloc Quebecois Leader Yves-Francois Blanchet and Green parliamentary leader Elizabeth May both claim the oil price shock that has devastated Canada's oil patch in recent weeks should be the final sign that the industry cannot and should not be saved. Both would rather the government pour economic recovery money into transitioning workers in Alberta's oil industry to renewable energies [Read more]
Canadian Natural looks to cut spending, reports $1.28B first-quarter loss
CALGARY - Canadian Natural Resources Ltd. said it is looking to cut its costs this year by $745 million compared with last year as it reported a first-quarter loss of $1.28 billion. The oilsands company said it was also cutting its capital spending by an additional $280 million on top of its cut of more than $1 billion announced in March due to the plunge in oil prices as a result of the pandemic and a price war between Saudi Arabia and Russia. Canadian Natural now expects capital spending [Read more]
Alberta suspends environmental monitoring rules for oilsands over COVID concerns
EDMONTON - The Alberta Energy Regulator has suspended a wide array of environmental monitoring requirements for companies in the oilsands. The suspensions have been granted over public health concerns raised by the COVID-19 pandemic. The decision, released earlier this week, affects the operations of Imperial Oil, Suncor, Syncrude and Canadian Natural Resources Ltd. They no longer must test ground and surface water, look for leaking gases, or monitor wildlife and birds. Air-quality [Read more]
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