EDMONTON - Kermit the Frog sang "It's Not Easy Bein' Green," and candidates running to be leader of the Green Party of Alberta might relate. At a time when the province's oil industry still struggles to recover from a slump and many blame environmentalists for blocking new pipeline projects, one of the party's leadership candidates says some believe the provincial Greens want to shut the oilsands down. "I think that's definitely a misperception that we need to try and correct," [Read more]
Saskatchewan sells last two Crown-own natural gas plants to Calgary-based firm
REGINA - The Saskatchewan NDP is raising concerns after discovering the government has sold two Crown-owned SaskEnergy gas plants to a private Alberta company. The plants were sold to the Calgary-based Steel Reef Infrastucture for $31.3 million. They are located in the town of Kisbey and the village of Coleville. SaskEnergy says the money will be used for future projects. The NDP says the people of Saskatchewan should have been consulted about the sale. [Read more]
Canadians more willing to relocate but cost is a big consideration
TORONTO - Amid the chaos and stress of moving from one province to another, the last thing on most people's minds is how their family's relocation will affect their tax return. However, the Canada Revenue Agency offers a long list of eligible tax deductions related to moving to help offset the costs. The average cost of relocation was about $73,500 in 2017, up 29 per cent from 2015, according to the Canadian Employee Relocation Council. Much of that increase can be [Read more]
Federal government accelerates phase-out of rupture-prone rail tankers
OTTAWA - The federal government is speeding up the timelines for the removal of rupture-prone tank cars from Canadian railroads. Ottawa has taken steps to phase out certain types of tank cars following the deadly train derailment and explosions in Lac-Megantic, Que., that killed 47 people in 2013. Transport Minister Marc Garneau announced new timelines today that will now see CPC-1232 tank cars that carry crude oil phased out by Nov. 1 — which is 17 months earlier than the [Read more]
Vancouver Island partners sign hull design contract for floating LNG project
VANCOUVER - The developer of a floating liquefied natural gas export facility proposed for Vancouver Island says it has a deal with a Korean shipbuilder for the design of two large at-shore hulls. Steelhead LNG and partner Huu-ay-aht First Nations say the agreement was signed at the Gastech Conference in Barcelona with Hyundai Heavy Industries to engineer and design the equipment for the Kwispaa LNG Project. The LNG export project, which features floating production and storage units, is [Read more]
U.S. Midwest refinery maintenance outages to weigh on Canadian oil prices
CALGARY - A maintenance shutdown at the refinery that is the largest buyer of Canadian heavy oil in the United States is expected to extend and possibly worsen the price discounts on crude from north of the border. Analysts at AltaCorp Capital in Calgary say the planned turnaround at the 430,000-barrel-per-day BP Whiting refinery in Indiana — which buys about 250,000 bpd of heavy crude from Canada — will reduce demand over the next month and a half. They say the shutdown adds to [Read more]
Enbridge signs deals for Enbridge Income Fund and U.S. subsidiaries
CALGARY - Enbridge Inc. has signed a deal worth $4.7 billion to acquire Enbridge Income Fund Holdings Inc. as it works to simplify its corporate structure. The company says the offer is 11.3 per cent higher than a proposal in May. Under the terms of an agreement, Enbridge Income Fund shareholders will receive 0.7350 of an Enbridge share and 45 cents in cash for each share they hold. The agreement comes as Enbridge says it has also signed an agreement to acquire the [Read more]
Pipeline plan coming by end of month, possibly guided by a former judge
OTTAWA - A senior federal source says the Liberals are considering hiring a former top judge to guide a renewed consultation with Indigenous communities on the Trans Mountain pipeline expansion. The Federal Court of Appeal last month quashed the approval given to the project, saying the consultation with Indigenous communities wasn't good enough and criticizing the lack of attention paid to the environmental impact of increased tanker traffic off the coast of British Columbia. The Liberals [Read more]
Clayton Riddell, co-owner of Flames and founder of Paramount Resources, dies at 81
CALGARY - Clay Riddell, billionaire businessman and co-owner of the Calgary Flames, has died. He was 81. The Flames confirmed his death in a statement on Sunday. "We mourn the passing of a great man of industry, sports, philanthropy and human decency along with our city, province and country. His legacies to all of us are immeasurable. To his family our gratitude, respect and deepest sympathy," said Flames vice chairman and CEO Ken King. Riddell joined Flames ownership in [Read more]
Gas explosions rare, but danger always present, Canadian experts say
MONTREAL - Energy experts say a chain gas explosion like the one that tore through three Boston suburbs could happen in Canada, but that such a possibility is unlikely. The director of the Queen's Institute for Energy and Environmental Policy says the type of multiple explosions that caused more than 20 fires and at least one death in Massachusetts is extremely rare. Warren Mabee says most networks have alarms that shut down the system before an excess of pressure starts leaking [Read more]
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