CALGARY - Alberta's energy watchdog has agreed to reconsider a plan by Suncor Energy to clean up its tailings ponds so as to take into account new technology the oilsands giant plans to use. The Alberta Energy Regulator in March denied the Calgary-based company's plan for its Millennium mine. But the regulator said in a letter to a Suncor vice-president this week that it has reviewed the company's request for reconsideration and decided that it would be appropriate in this case. [Read more]
Federal government releases details of delayed methane reduction plan
CALGARY - Tougher methane emission regulations unveiled Thursday are expected to create oil and gas services jobs, but have raised concern that the costs of implementation could further weaken an industry hit hard by two years of commodity price uncertainty. The new restrictions to be phased in between 2020 and 2023 will require energy companies to regularly check equipment for leaks, make repairs, use cleaner technologies, monitor emission levels and report results to Ottawa. [Read more]
Trans Mountain IPO comes at awkward time for energy giant Kinder Morgan
CALGARY - Kinder Morgan's plan to raise money for its Trans Mountain expansion through an initial public offering could not come at a more awkward time. In addition to ongoing protests and federal court challenges, a vote recount in B.C. could tilt the balance of power, giving the Greens or NDP a chance to bog down the $7.4-billion project. The recount begins Monday. Alberta's securities regulator is also reviewing Kinder Morgan's regulatory filings upon a request from [Read more]
Trudeau says he’ll work with provinces on Trans Mountain pipeline expansion
SURREY, B.C. - Prime Minister Justin Trudeau says he'll work with British Columbia and Alberta to move ahead with his government's agenda of creating jobs while transitioning toward a lower-carbon economy. Trudeau was asked on Friday about the possibility that B.C. could wind up with a government that opposes the Trans Mountain pipeline expansion. He suggested that the province's NDP and Greens, who oppose the project, are "wrong" in their position. "Canadians understand that we [Read more]
Alberta aims to speed up orphan well cleanup with $235M loan
Alberta’s NDP government is trying to speed up the cleanup of old, orphan oil and gas wells with a $235-million loan. The province announced legislation Thursday that will allow it to lend the money to the Orphan Well Association. The industry-funded, not-for-profit group manages the shutting and cleanup of oil and gas sites where there is no longer anyone legally responsible for those tasks, often because a company has gone out of business. “The number of orphaned wells in Alberta is a [Read more]
Alberta aims to speed up orphan well clean up with $235-million loan
CARSTAIRS, Alta. - Alberta's NDP government is trying to speed up the cleanup of old, orphaned oil and gas wells with a $235-million loan. The province announced legislation Thursday that will allow it to lend the money to the Orphan Well Association. The industry-funded, not-for-profit group manages the shutting and cleanup of oil and gas sites where there is no longer anyone legally responsible for those tasks, often because a company has gone out of business. "The [Read more]
Alberta changes carbon tax rebates after bereaved families get repayment demands
EDMONTON - Alberta is bringing in new rules to make amends to 4,400 families who lost a loved one and were ordered to pay back their carbon tax rebate. "For a relatively small number of families, the program didn't work as it should have," Finance Minister Joe Ceci said Wednesday. "These families received bluntly worded letters from the Canada Revenue Agency asking them to repay all or part of the rebate because the death of a loved one changed their eligibility. [Read more]
First Nations vow to use courts and other means if necessary to stop Keystone XL
CALGARY - A coalition of aboriginal groups from Canada and the U.S. has signed a declaration against the Keystone XL pipeline, vowing to use the courts and whatever other means necessary to block the controversial project. At a signing ceremony in Calgary Wednesday, leaders of the Blackfoot Confederacy and Great Sioux Nation representing tribes in both countries called for more dialogue and consultations on the project, which would run through their traditional lands. "It's our [Read more]
Weaver says Greens will fight pipeline; calls Clark’s Liberals ‘reckless’
VICTORIA - British Columbia's three Green members will use their increased political clout to fight Kinder Morgan's $7.4-billion Trans Mountain pipeline expansion project, party leader Andrew Weaver says. Weaver reaffirmed the Greens' election campaign promises Wednesday to oppose the pipeline and the B.C. government's $8.8-billion Site C hydroelectric dam as the party enters high-stakes political negotiations with the New Democrats and Liberals over Green support. The final [Read more]
Sales of Crown oil and gas drilling rights surge in B.C. and Alberta
CALGARY - Sales of Crown drilling rights in Alberta and B.C. have already delivered more money to provincial treasuries this year than last year, when they generated record low returns. Oil and gas producers in Alberta have paid out a total of $138 million in drilling rights auctions so far this year, more than the $137 million they spent in all of 2016. In British Columbia, they've spent $63 million, more than quadruple the $15 million last year. The figures illustrate [Read more]
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