EDMONTON - Alberta Premier Rachel Notley says the province will buy the Trans Mountain oil pipeline project if that's what it takes to get it built. "We are considering a number of financial options to ensure that the Trans Mountain expansion is built, up to and including purchasing the pipeline outright if were to come to that," Notley said in the statement Tuesday. "But it is not the only model we're considering. "Obviously the best interest and outcomes for Albertans will be front and [Read more]
Horgan says Alberta legislation to raise gas prices in B.C. ‘provocative’
VICTORIA - Premier John Horgan says he's concerned and surprised that Alberta's latest move in an escalating pipeline feud is legislation that could drive up British Columbia's already sky-high gas prices. Alberta's New Democrat government served notice Tuesday of plans to introduce legislation that Premier Rachel Notley has said will give the province the power to reduce oil flows and likely prompt a spike in gas prices in B.C. Motorists in Metro Vancouver currently pay more than $1.50 a [Read more]
New technologies dull but don’t cure Canada’s export oil pipeline headaches
CALGARY - The potential cancellation of the Trans Mountain pipeline expansion is putting a spotlight on oilpatch innovations that might mitigate the need for export capacity as oilsands production rises. But even the most ardent supporters of the new technologies agree Canada is going to need new pipeline space. North West Refining president Ian MacGregor says his just-opened Sturgeon Refinery northeast of Edmonton will save 80,000 barrels per day of export pipeline space by [Read more]
Scotiabank CEO concerned over Trans Mountain fate, Canadian competitiveness
TORONTO - The chief executive of one of Canada's largest banks is adding his voice to the chorus of concern over the fate of Kinder Morgan Canada Ltd.'s Trans Mountain pipeline expansion project, warning that the country could lose its competitive edge and the suspension of work could have a broader chilling effect. Bank of Nova Scotia's Brian Porter said Tuesday that it is crucial for the pipeline project to go ahead. "It's important to look at the cost of not doing these things [Read more]
Ongoing protests behind halting of Trans Mountain expansion: activists
VANCOUVER - Protesters who have loudly voiced their opposition to the Trans Mountain pipeline expansion are taking credit for Kinder Morgan Canada's decision to pause work on the controversial project. "Every day the protests continue, it gets harder and harder to imagine (the pipeline) going ahead," said Karen Mahon, campaigns director with the environmental group Stand.Earth. Kinder Morgan announced Sunday that it had suspended all non-essential activities and related spending on the [Read more]
Pipeline protesters including Green leader should face criminal charges: judge
VANCOUVER - A B.C. Supreme Court judge says the Crown should consider laying criminal contempt of court charges against Green party Leader Elizabeth May and dozens of other demonstrators alleged to have violated a pipeline court injunction. May, New Democrat MP Kennedy Stewart, and others arrested last month are currently charged with civil contempt of court over allegations that they protested within five metres of two Trans Mountain sites in Burnaby, B.C. But Justice Kenneth Affleck said [Read more]
Financing, lawsuits, among feds options for Trans Mountain, says Carr
OTTAWA - A federal investment in the Trans Mountain pipeline is one of the possibilities the Liberal government is considering to help get the controversial project completed, says Natural Resources Minister Jim Carr. Alberta Premier Rachel Notley says her province is prepared to invest in the pipeline directly if it would help keep investors on board — a notion her opposition rival, United Conservative party Leader Jason Kenney, says he would support as long as Ottawa also puts money on the [Read more]
Kinder Morgan CEO says political solution needed for Trans Mountain project
CALGARY - Kinder Morgan is open to discussing an investment in its Trans Mountain pipeline expansion by the Alberta government if there's clear assurance that the project can actually be completed, the company's chief executive said Monday. Alberta Premier Rachel Notley suggested Sunday the province could invest in the project to ensure it goes forward after the company said it has suspended all non-essential activities and related spending on the pipeline expansion that would carry Alberta [Read more]
Crescent Point Energy says activist Cation Capital lacks credibility
CALGARY - An activist investor is seeking changes on the board of Crescent Point Energy Corp., but the company says it lacks credibility and is engaged in an ill-conceived and self-serving exercise. Cation Capital Inc., which holds a 0.3 per cent stake in Calgary-based Crescent Point, said Monday it plans to nominate four people for election to the company's board, which has 10 members. "We believe Crescent Point's assets have tremendous long-term potential and the ability to create [Read more]
Alberta premier spells out retaliation in ‘frank chat’ with B.C. premier
EDMONTON - Alberta Premier Rachel Notley says British Columbia's opposition to the Trans Mountain pipeline threatens the rule of law in Canada and says she made it clear in a phone call to B.C. Premier John Horgan that her province is retaliating. Notley says they had what she called a "very frank chat." She says she is also introducing legislation this week to give Alberta the power to reduce oil flows to B.C., which could send gas prices in the province soaring. Notley's comments [Read more]
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