VICTORIA - First Nations leaders from British Columbia told a National Energy Board hearing in Victoria that there are serious concerns about the potential impacts of an expanded Trans Mountain pipeline on their homelands. Two leaders representing the Fraser Valley's Sto:lo Tribal Council say protection of the Fraser River's salmon, animals and surrounding lands is their eternal responsibility and the pipeline poses risks that could harm their homes and culture. But Chief Tyrone McNeil and [Read more]
Oilpatch share buybacks drive record high totals on the Toronto Stock Exchange
CALGARY - Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that's already reached a record high this year. Using scarce dollars to buy your own stock instead of investing to grow the business may seem wasteful to some, but observers say it makes sense if you have money in your wallet and find your shares in the bargain bin. "As a CEO, the way I look at it is, it's a cyclical business. Buying [Read more]
Alberta business forum applauds linking carbon tax implementation and pipelines
LAKE LOUISE, Alta. - A business crowd of about 400 leapt to their feet in a standing ovation Friday at the suggestion that it should be illegal for Canadian governments to collect carbon taxes until there are new export pipelines delivering Alberta crude oil to world markets. "Until there are pipelines leaving Alberta — plural — and there is oil flowing through them that will go to international markets, and US$40 price differentials are no longer the thing, until that time, it should be [Read more]
Alberta premier disappointed with Ottawa’s response to oil bottleneck
EDMONTON - Alberta Premier Rachel Notley says she's disappointed with Ottawa's lukewarm response to the province's plan to ease oil bottlenecks by buying more rail cars. She says it's simplistic to dismiss buying rail cars by saying they probably wouldn't arrive until a pipeline expansion were already under construction. Alberta oil is currently selling at a discount of about $45 a barrel because of an oil glut due to a lack of pipeline capacity. Notley has proposed Ottawa invest in [Read more]
Natural gas pressure eases but FortisBC urges restraint for potential cold snap
SURREY, B.C. - The natural gas supply is improving for British Columbia, but FortisBC Energy Inc. is still asking its residential and business customers to conserve ahead of the two coldest months of the year. Fortis says in a news release that measures to boost its natural gas supply, warmer than average weather and an announcement from Enbridge that it will increase its pipeline pressure are all increasing the supply. The Enbridge pipeline that exploded and burned last month near Prince [Read more]
Alberta in ‘crisis’ over low oil price: Prime Minister Justin Trudeau
CALGARY -- Prime Minister Justin Trudeau says Alberta is in a crisis as the province's oil is being sold at a discount of about $45 a barrel. Speaking in Calgary as pro-oil protesters shut down part of the city's downtown, Trudeau says he understands people in Alberta are having a tough time. Alberta Premier Rachel Notley says the oil price gap is costing the Canadian economy $80 million a day. The province's oil is selling much lower than West Texas Intermediate in the United States [Read more]
EDC spends 12 times more for fossil fuels than clean tech, report says
OTTAWA - New research shows Export Development Canada provides 12 times as much financial backing to oil and gas companies as it did to clean technology companies over the last five years. The findings by lobby group Oil Change International show that the federal government's export financing agency provided $62 billion to oil and gas companies between 2012 and 2017, compared to the $5 billion offered to the clean tech sector. Patrick Derochie, climate and energy program manager [Read more]
Premier Rachel Notley unveils carbon tax break for drilling companies
CALGARY - Alberta Premier Rachel Notley is handing out tax breaks for oil and gas drillers along with criticism of Ottawa's lack of appreciation for how damaging are current price discounts on western Canadian oil. In a speech at a Canadian Association of Oilwell Drilling Contractors event in Calgary, she announced her government would add oil and gas drilling to a list of trade-exposed industries exempt from the province's carbon tax. The exemption, made retroactive to when the [Read more]
Fears for seabirds after oil spill: ‘There’s probably a lot more oiled birds’
ST. JOHN'S, N.L. - At least 15 oiled seabirds have been spotted after Newfoundland's largest-ever offshore oil spill, and one biologist says past spills indicate the number could be in the thousands. Husky Energy reported the sightings on Wednesday and confirmed one dead bird since an estimated 250,000 litres of oil spilled into the ocean on Friday during an intense storm. The SeaRose platform was attempting to restart production when there was an equipment failure in a subsea [Read more]
Morneau hopes new NAFTA deal signed next week, stresses tariff issue is separate
OTTAWA - Finance Minister Bill Morneau says he's hopeful the newly struck North American free-trade deal will be signed next week — and suggests Canada could sign even with stinging U.S. tariffs in place. Morneau was asked by reporters after a speech today if the government should still consider signing the new continental trade deal even if the United States keeps its heavy import taxes on Canadian aluminum and steel. He says Canada is working with the U.S. to solve the [Read more]
- « Previous Page
- 1
- …
- 203
- 204
- 205
- 206
- 207
- …
- 553
- Next Page »