SURREY, B.C. - Most British Columbia residents will pay more for natural gas after an Enbridge pipeline exploded in October near Prince George. FortisBC says it's received regulatory approval from the B.C. Utilities Commission on interim rates for customers to take effect Jan. 1. Diane Roy, vice-president of regulatory affairs, says in a release that Fortis strives to deliver natural gas at the lowest reasonable cost. But she says there has been an impact to costs associated with [Read more]
Quebec premier lacks understanding of Alberta’s energy industry: Ceci
OTTAWA - Alberta's finance minister says Quebec's resistance to a pipeline carrying western Canadian oil across its territory shows the provincial premier's lack of understanding about the Alberta energy industry. Speaking ahead of a federal-provincial finance ministers' meeting today in Ottawa, Joe Ceci argues Alberta has been innovative in removing carbon from the oil it produces. Ceci says the entire national economy will benefit if Alberta can transport its oil to international markets [Read more]
Quebec slams door on New Brunswick’s pipeline dream at premiers’ meeting
MONTREAL - New Brunswick Premier Blaine Higgs remained optimistic Friday that, someday, a pipeline would be built to bring western crude oil to ports in his region for transport overseas. But the Quebec premier tried his best to kill that dream. While the prime minister and Canada's premiers found common ground on issues such as trade during their meeting in Montreal, they were confronted with the harsh reality that Quebec will not accept a pipeline. "I understand that Alberta and the other [Read more]
B.C. halts northeast hydraulic fracturing operations while it investigates earthquakes
CALGARY - The BC Oil and Gas Commission is shutting down oilfield fracing operations in a 72-square-kilometre area in the northeast part of the province for at least 30 days while it investigates earthquakes that occurred there on Nov. 29. The seismic events measuring between 3.4 and 4.5 magnitude took place near hydraulic fracturing operations being conducted about 20 kilometres southeast of Fort St. John by Canadian Natural Resources Ltd. The Calgary-based company was the only operator [Read more]
Junior oil firms cutting dividends, output as prices remain ’embarrassingly low’
CALGARY - A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can't afford to wait and see if production cuts imposed by the Alberta government starting Jan. 1 will work to drain a glut of oil and thus allow prices to recover. Cardinal shares fell by more than six per cent in early trading on the Toronto Stock [Read more]
First ministers’ meeting likely to be most fractious, least productive for PM
MONTREAL - By the time he wraps up his day-long talk fest with provincial and territorial leaders, Prime Minister Justin Trudeau may well rue the day he promised to hold first ministers' meetings annually. Friday's closed-door gathering is Trudeau's fourth summit with premiers and promises to be the most turbulent — and likely the least productive. Gone are the days when he was surrounded by friendly provincial Liberal allies. Now, he's facing a phalanx of conservative premiers who are [Read more]
Premiers head to Montreal for tough meeting with Trudeau
MONTREAL - Premiers arrived Thursday for a first ministers' meeting still grumbling about the agenda set by Prime Minister Justin Trudeau, with one — Ontario's Doug Ford — threatening to walk out if the program isn't expanded to reflect a host of provincial priorities. The tone as they prepared to dine privately with Trudeau on Thursday evening underscored the tensions that seem likely to turn Friday's meeting into the most acrimonious first ministers' gathering in years. Sources close to [Read more]
Canada will feel oilpatch pain, but likely won’t be as bad as 2015: Poloz
OTTAWA - The negative impacts of low oil prices that have struck Western Canada will reverberate across the entire national economy, the head of the Bank of Canada said Thursday. But governor Stephen Poloz estimates the latest drop in crude prices will likely have less bite across the country than the 2015 oil-price crisis, which contributed at the time to a slight, technical recession. In prepared notes for a speech in Toronto, Poloz said oil and gas production now makes up just [Read more]
Numbers for the B.C. government’s climate change plan
VANCOUVER - The British Columbia government has released its plan to dramatically cut pollution as it builds a low-carbon economy. Here are some of the goals in the government's plan: — The strategy will require an additional 4,000 gigawatt hours of electricity over current demand, equal to increasing BC Hydro's current system-wide capacity by about eight per cent, or about the demand by consumers in Vancouver. — By 2032, new buildings will be 80 per cent more efficient than [Read more]
New Brunswick launching own carbon tax challenge, making new emissions plan
FREDERICTON - New Brunswick Premier Blaine Higgs says he's committed to meeting and exceeding Ottawa's emission targets, but is expanding his province's fight against the federal carbon tax. Last week, the new Tory government announced it will intervene in legal challenges launched by Saskatchewan and Ontario, but now Higgs says New Brunswick will also launch its own legal challenge of the carbon tax. He says the proposed federal backstop puts New Brunswick at a disadvantage, and if it [Read more]
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