OTTAWA - The head of LNG Canada says Ottawa's trade and diplomatic frictions with Beijing have had no impact on the massive project that will one day ship liquefied natural gas from British Columbia to major Asian economies — including China. In an interview today, Andy Calitz says the tensions between Canada and China have never been raised at any of LNG Canada's executive committee meetings. The state-controlled Chinese energy firm, PetroChina, owns a 15-per-cent stake in the $40-billion [Read more]
Man who climbed tree to protest Trans Mountain pipeline expects imminent arrest
BURNABY, B.C. - The 71-year-old man who defied a court injunction and climbed a towering tree in Burnaby, B.C., to protest the Trans Mountain pipeline plans to end his day-long protest soon, but says more demonstrations will follow. Terry Christenson says RCMP arrived at the base of the tree inside the Westridge Marine Terminal on Tuesday, advised him of his rights and explained they were prepared to climb the tree to arrest him. Christenson says he staged a similar protest and [Read more]
Encana reports US$245M Q1 loss on restructuring and unrealized hedging loss
CALGARY - Encana Corp. reported a loss of US$245 million in its latest quarter as it was hit by restructuring costs and an unrealized hedging loss. The company, which keeps its books in U.S. dollars, says the loss amounted to 20 cents per share for the quarter ended March 31. That compared with a profit of $151 million or 16 cents per share in the same quarter a year earlier. Encana says its adjusted operating profit for the first quarter totalled $165 million or 14 cents [Read more]
Senate committee to hear from new Alberta premier on oil tanker ban bill
EDMONTON - A Senate committee is set to hear today from Albertans — including their new premier — on the federal government's bill to ban tankers off the British Columbia coast. The committee on transport and communications is holding public hearings in Edmonton on Bill C-48. The bill would prohibit oil tankers carrying more than 12,500 tonnes of crude oil in the waters between the northern tip of Vancouver Island and the Alaska border. The legislation passed in the House of Commons [Read more]
Macquarie Group closes down equity sales, trading and research businesses in Canada
Australian financial services firm Macquarie Group is shutting down its equity sales, trading and research businesses across Canada, the company confirmed. A Macquarie spokesperson would not comment on how many jobs have been impacted. It is understood that the job cuts were in Toronto and Calgary. The spokesperson said the firm remains “committed’ to Canada, and it will continue to provide domestic cash equities execution services and provide access to its global execution [Read more]
Alberta Energy Regulator official quits ahead of being fired by incoming premier
EDMONTON - A member of Alberta's energy regulator who was singled out by incoming premier Jason Kenney as a foe of oil development has quit. Ed Whittingham says it's a decision he made the night of April 16, when Kenney's United Conservatives won the provincial election. "I felt I couldn't work with this government. Nor does this government want to work with me," Whittingham said Monday in an interview. "It does feel like a load off my back. It's not fun to be a punching [Read more]
Alberta Energy Regulator official quits before he can be fired by incoming Jason Kenney
A member of Alberta’s energy regulator who was singled out by incoming premier Jason Kenney as a foe of oil development has quit. Ed Whittingham, in a letter delivered to the Alberta Energy Regulator, said he cannot continue working on the board of directors given the incoming government’s “tactics and policy direction.” “I was subjected to a smear campaign without precedent in Alberta for a public appointment held by a private citizen,” wrote Whittingham in a letter sent to regulator [Read more]
Protester climbs into tree near B.C. marine terminus of Trans Mountain pipeline
BURNABY, B.C. - A mid-air protest has begun in British Columbia at the western end of the Trans Mountain pipeline, which carries oilsands crude from Alberta to a port in Metro Vancouver. Stand Earth spokesman Sven Biggs says 71-year-old grandfather Terry Christenson has climbed a tree inside the Westridge Marine Terminal, which is the facility where oil would be loaded onto tankers in a planned expansion of the pipeline. This is the second protest for Christenson, who was [Read more]
Kenney meets caucus, says election win already rippling through Alberta economy
EDMONTON - Alberta's incoming premier, Jason Kenney, met with his caucus Friday and told members that their United Conservative election win is already starting to ripple through the economy. "All week long, I've been receiving calls from CEOs from major corporations across Canada and around the world who want to invest in Alberta now," Kenney said in a speech Friday bookended by standing ovations at Edmonton's Federal Building. "People are making real, tangible life decisions — buying new [Read more]
An Alberta refinery could help with squeezed gas supply in B.C.: Premier Horgan
LANGFORD, B.C. - British Columbia Premier John Horgan says Alberta may be the best place to boost refining capacity to increase a supply of fuel to the province. The price of gasoline has been rising in B.C. for the last month and the cost for a litre of gas in Metro Vancouver has been hovering around $1.70. Horgan says part of the problem is there's too much demand and not enough supply, but adds that a 30-cent rise in gas prices in the last three months appears to be a result of gouging [Read more]
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