REGINA - Conservative Leader Andrew Scheer welcomed 2019 with a warning that if Canadians re-elect Justin Trudeau this year, the federal carbon tax that's going to take effect will only climb. "Canadians know what Justin Trudeau is going to do. Now that his carbon tax is here, it's only going to go up. And if he gets re-elected in 10 months, it will go up even more," Scheer said during a New Year's Day news conference in a Giant Tiger store in Regina. "This time next year I plan [Read more]
Sable Offshore Energy Project permanently shuts down after nearly 20 years
HALIFAX - A government agency says all production from the Sable Offshore Energy Project off the coast of Nova Scotia has been permanently shut down. The Canada-Nova Scotia Offshore Petroleum Board says production from all of the Sable project's fields ended on Monday, as planned. The natural gas field, about 300 kilometres southeast of Halifax, started producing in late 1999 and consists of seven offshore platforms in five different fields with 21 wells. Board spokeswoman Stacy [Read more]
More rallies held to support pipelines; speaker says convoy coming to Ottawa
ROCKY MOUNTAIN HOUSE, Alta. - Speakers at another pro-pipeline rally in Alberta continued their attacks on Prime Minister Justin Trudeau on Saturday, saying if leaders in Ottawa don't hear their message now, they will when a planned convoy arrives there in 2019. Chad Miller with the group Oilfield Dads told the crowd gathered in Rocky Mountain House that the province is suffering its "worst recession turned depression" in a generation due to weakened oil prices, exacerbated by a lack of [Read more]
Roiled in oil: Alberta votes in 2019 as energy issues, Trudeau dominate debate
EDMONTON -- The year 2019 will decide whether Premier Rachel Notley's NDP gets to finish the job of getting more oil to market or become the first party in provincial history to be one and done. "I know that the opposition wants to sort of revel in what they insist on hoping is defeat, but we've made more progress on getting a pipeline to tidewater than any other government has in the last 70 years," Notley told The Canadian Press in a year-end interview. Notley will take voters to the [Read more]
CN Rail lining up pilot plant partners to make oilsands bitumen pucks
CALGARY - Canadian National Railway Co. says it is planning to build a pilot plant worth up to $50 million next year to create pucks made of oilsands bitumen to transport by rail and ships to customers around the world. CN has been working for years on a technology that mixes and coats the heavy, sticky oil with polymer plastic, creating a pellet-shaped product called CanaPux that can be shipped in rail cars and will float if spilled into water. The railway is in discussions with [Read more]
NEB says too much oil, not enough pipelines, ‘primary factor’ in oil price crash
CALGARY - A new report from the National Energy Board says the "primary factor" in recent steep discounts on western Canadian crude is that oil production outstripped export pipeline capacity by about 365,000 barrels per day. The background report was compiled for federal Natural Resources Minister Amarjeet Sohi who has asked the NEB for advice on how to optimize existing pipeline and rail transport. The NEB says it has launched an online forum to gather public input and will [Read more]
Enbridge gets $14.7M federal refund over Northern Gateway pipeline project
OTTAWA - Enbridge is getting a $14.7-million refund on fees it paid Canada's federal energy regulator for a pipeline it won't build. The Northern Gateway pipeline was supposed to connect Alberta's oilpatch to a port in Kitimat, B.C., but the plan came apart when the federal Liberals banned tankers carrying large amounts of crude oil from British Columbia's northern coast. Without tankers to serve the port, there was no point constructing more than 1,100 kilometres of pipeline to [Read more]
Gasoline prices in most of Canada set to experience ‘extreme volatility’
CALGARY - Plunging world oil prices have delivered a Christmas miracle of lower gasoline prices across most of Canada but a fuel price expert says motorists should fill up now because prices are expected to be volatile in 2019. Dan McTeague, a senior petroleum analyst at GasBuddy.com, says gasoline prices are at near-18-month lows because of global oil prices that have tumbled over the past two months on worries of an economic downturn, a U.S.-China trading tiff and concerns that members [Read more]
Toronto stock market expected to recover in 2019 from worst year in decade
TORONTO - Canada's main stock market is expected to recover in 2019 from its worst performance in a decade that saw the exchange lose 15 per cent amid extreme volatility, plunging oil prices and geopolitical uncertainty, say markets experts. "Our outlook for 2019 is one of cautious optimism," says Candice Bangsund, portfolio manager for Fiera Capital. She expects equities will outperform bonds as global growth remains relatively healthy with a recession unlikely before late 2020. [Read more]
Maxime Bernier challenges Quebec political orthodoxy with new party
MONTREAL - When Maxime Bernier, leader of the nascent People's Party of Canada, recently appeared on a Quebec TV news panel, the pundits laughed at his suggestion that Ottawa could force an oil pipeline through the province. The host barely contained a smirk as he accused Bernier of wanting to shove a pipeline "down the throats" of Quebecers. "At the end of the day," Bernier replied, "the federal government has the right to approve a project or not." No other leader — federal or [Read more]
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