OTTAWA - Federal MPs on the natural resources committee will meet this afternoon for an emergency session to discuss last week's game-changing court decision to tear up federal approval of the Trans Mountain pipeline expansion project. The meeting comes at the request of the three Conservatives and one New Democrat MP who sit on the committee. A federal court last week ruled consultation with Indigenous communities was not robust enough for the approval to be valid. The court also said [Read more]
Rising oil price expected to spur spending by small, intermediate producers
CALGARY - Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall. Producers say last week's steady march by U.S. benchmark West Texas Intermediate oil prices to higher than US$70 per barrel, a level last seen in early July, will encourage some to open their wallets. "A lot of us spent a fair bit of our capex for the year in the [Read more]
Workers and companies left in limbo after Trans Mountain pipeline ruling
Workers and companies who were set to be employed on the Trans Mountain pipeline expansion have been left wondering where they stand as construction on the project begins to shut down. Ryan Bruce, director of government and public relations for the union CLAC, said some of the workers were sent home after the Federal Court of Appeal ruling quashed Ottawa's approval of the pipeline expansion on Thursday. The workers will come back for a meeting with their employers early next week to talk [Read more]
Trans Mountain expansion could be delayed for years by court decision: experts
VANCOUVER - The Federal Court of Appeal's decision to quash Ottawa's approval of the Trans Mountain pipeline expansion is likely to delay the project for years, legal and political observers say. The ruling means the National Energy Board must consider the impacts of increased tanker traffic on the marine environment and the federal government must consult more meaningfully with First Nations. The energy board should first conduct its new review, which will involve receiving written [Read more]
National Energy Board orders halt to all work activity on Trans Mountain pipeline
CALGARY - The National Energy Board has ordered construction on the Trans Mountain pipeline to stop, a day after the Federal Court of Appeal quashed the approval of the project and nullified the NEB certificate. In the absence of a certificate, the economic regulatory agency says it expects Trans Mountain to cease all construction work on the pipeline in a manner that minimizes environmental impact. The NEB will also monitor the project and take any steps necessary to ensure [Read more]
First-quarter budget update: Alberta projects deficit drop of $1B
EDMONTON - Alberta's finance minister says the province is on track to reduce its deficit by $1 billion this year. Joe Ceci says more oil revenue and higher than expected returns on income tax are the reason this year's projected deficit has dropped to $7.8 billion. The numbers are part of the government's first-quarter budget update. They show overall spending remains stable at $56 billion, although an extra $2 million has been added to go toward a plebiscite on Calgary's 2026 Olympic [Read more]
PM determined to build pipeline, tackle climate change despite court ruling
OTTAWA - Justin Trudeau says his government remains committed to getting the Trans Mountain pipeline expansion built and also to its national climate-change plan — both of which were put in jeopardy by a court ruling that overturned federal approval for the project. The prime minister says the government will move forward to get the project built "in the right way" by acknowledging the court's criticism of the flawed environmental review process and the failure to meaningfully consult with [Read more]
Canadian Natural Resources acquires Joslyn oilsands project for $225 million
CALGARY - Canadian Natural Resources Ltd. says it has signed a deal to buy the Joslyn oilsands project from Total SA and its partners for $225 million. Under the deal, Canadian Natural will pay $100 million in cash on closing the agreement and make annual cash payments of $25 million over the next five years. The Joslyn project is directly south of Canadian Natural's Horizon project. It was put on hold indefinitely in 2014. Total has been reducing oilsands commitments in [Read more]
Trans Mountain ruling increases uncertainty among resource industry groups
The Federal Court of Appeal's ruling that consultations for the Trans Mountain project were inadequate has raised concerns from the resources industry about added uncertainty around the duty to consult Indigenous communities, though experts say the precedent adds further clarity to what it means to meaningfully engage. Thursday's ruling found the federal government failed in its duty to meaningfully consult with First Nations on major projects as required by established legal principles and [Read more]
Trans Mountain pipeline ruling shakes central pillar of Trudeau agenda
OTTAWA - On Wednesday, Prime Minister Justin Trudeau painstakingly explained to students in Kapuskasing, Ont., how the Trans Mountain pipeline expansion project is a central pillar of his government's agenda. Less than 24 hours later, the Federal Court of Appeal quashed the government's approval of the project, imperilling the pillar holding up Trudeau's signature promise to tackle climate change by balancing economic growth and environmental protection. Moreover, it underscored a gap [Read more]
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