EDMONTON - A man and a woman from Edmonton have been charged in the theft of chemicals from an oil and gas company. Police say the local company reported an alleged theft in November 2017 after an audit found a discrepancy in inventory. The company said it believed more than 2,700 kilograms of chemical had been stolen by an employee in late 2010. Detectives determined that about US$580,000 worth of the chemical had been stolen and exported to the eastern United States. [Read more]
Alberta NDP leader says adversary’s anti-Trudeau broadsides show poor leadership
CALGARY - Alberta NDP Leader Rachel Notley says it's short-sighted and irresponsible for her UCP opponent to keep attacking her relationship with Prime Minister Justin Trudeau. Notley says United Conservative Jason Kenney's constant suggestions that she is Trudeau's willing accomplice are nothing more than political game-playing. "Random grandstanding for the sake of short-term political gains at the expense of actual real goals is politically irresponsible. It's not good leadership," [Read more]
UCP’s Kenney promises to cut approval times in half for energy projects
TURNER VALLEY, Alta. - Leader Jason Kenney says a UCP government in Alberta would reduce wait times on energy projects to try to make them the fastest in North America. Kenney says approvals for oil wells currently take 1 1/2 year, which he says places Alberta far behind Saskatchewan and U.S. jurisdictions and puts the province at a competitive disadvantage. He says if his party were elected April 16, he would set up legislated targets to cut wait times and would publish data to update [Read more]
Cenovus asks investors to vote against emissions target motion at annual meeting
CALGARY - Oilsands producer Cenovus Energy Inc. is recommending investors at its annual general meeting vote against a shareholder motion requiring it to set greenhouse gas emission targets aligned with the goals of the Paris climate accord. The proposal by the Fonds de Solidarite des Travailleurs du Quebec would force Cenovus to set medium- and long-term targets for its direct and indirect methane and other GHG emissions from operations. The text of the motion in a filing ahead of its [Read more]
Oil storage firm Gibson Energy sells trucking assets to grow terminal core
CALGARY - Gibson Energy Inc. says the sale of its trucking arm means it has completed all of the non-core asset sales it targeted a year ago as part of a strategy to focus on its Alberta oil storage and handling assets. The Calgary-based company, which helps send one in four barrels of crude exported from Western Canada through its Hardisty terminal in central Alberta, says it will pocket about $100 million from the sale, bringing its divestiture proceeds to about $325 million since [Read more]
Kenney sets date to launch carbon tax court fight if he wins election
EDMONTON - United Conservative Leader Jason Kenney says if he wins the Alberta election, a formal court challenge of the federal carbon tax will be launched by the end of the month. Kenney, who has already pledged to axe Alberta's carbon tax, says he would instruct his attorney general to file the challenge in Alberta's Appeal court no later than April 30. Kenney says there are constitutional questions surrounding whether Ottawa can even impose the tax, which formally began today [Read more]
Notley says Kenney rail cancellation plan forgoes jobs, leaves oil in ground
CALGRY, Alta. - Alberta NDP Leader Rachel Notley says the United Conservative Party's budget plan will leave oil in the ground, limit job creation and cost the province $2.2 billion in royalties. Notley says UCP Leader Jason Kenney needs to account for lost revenue in his budget platform, since he would cancel the government's plan to get more oil to market by leasing rail cars. Kenney has said the $3.7-billion lease deal doesn't make financial sense. Notley will get a [Read more]
Newfoundland and Labrador to get word this evening on Atlantic Accord
ST. JOHN'S, N.L. - Newfoundland and Labrador's premier will update his province tonight on negotiations to revise the Atlantic Accord, a crucial federal-provincial agreement on offshore resource revenues. Premier Dwight Ball and federal cabinet minister Seamus O'Regan are holding a joint media event in St. John's, N.L., at 6 p.m. local time. The review was to assess the extent to which Newfoundland and Labrador has reaped majority benefit from its offshore resources. Ball [Read more]
Kenney and United Conservatives promise $714-million budget surplus by 2023
CALGARY - The United Conservatives are promising to get Alberta's books out of the red and into a $714-million surplus by 2023 — a year earlier than the NDP. The party also says if it wins the spring election, it will raise Alberta's debt level to $86 billion over that time period, a figure that is well below current government projections. "This is a very mainstream, balanced approach to gradually getting to balance without any absolute reductions in spending," UCP Leader Jason Kenney [Read more]
Bellatrix plunges on proposal to trade debt for 83.5% of its equity value
CALGARY - Shares in Bellatrix Exploration Ltd. fell by as much as 35 per cent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 per cent of the company. The Calgary-based oil and gas producer says it intends to exchange US$146 million in senior unsecured notes due in 2020 for US$100 million in new debt maturing in 2023, plus common shares totalling 51 per cent of the company's float. It is also offering to trade $50 million in convertible [Read more]
- « Previous Page
- 1
- …
- 153
- 154
- 155
- 156
- 157
- …
- 530
- Next Page »