It sounds like spinning straw into gold: suck carbon dioxide from the air where it's contributing to climate change and turn it into fuel for cars, trucks and jets. A British Columbia company says in newly published research that it's doing just that — and for less than one-third the cost of other companies working on the same technology. "This isn't a PowerPoint presentation," said Steve Oldham of Carbon Engineering. "It's real." As policy-makers work on ways to try to [Read more]
New marine fuel standards expected to hit prices for oilsands crude in 2020
CALGARY - Canada's oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry. The tighter pollution rules by the International Maritime Organization, dubbed IMO 2020, are set to take effect Jan. 1, 2020, resulting in the sulphur content limit of "bunker" fuel on ships dropping from 3.5 per cent to just 0.5 per cent. The switch is expected to wallop prices for [Read more]
Trans Mountain deal fails to change Suncor position on Canadian competitiveness
CALGARY - The CEO of Suncor Energy Inc. says it will continue to avoid spending on large growth projects in Canada despite the federal government's move last week to purchase the Trans Mountain pipeline system and its stalled expansion from Kinder Morgan Canada Ltd. The $4.5-billion sale to ensure the project is built doesn't change his view that Canada is falling behind other nations, notably the United States, in terms of competitiveness, Suncor CEO Steve Williams said Wednesday in [Read more]
New U.S. pipeline expected to lower natural gas prices in Central Canada
CALGARY - Consumers in Ontario and Quebec can expect to pay less for natural gas to heat their homes as a new pipeline connects shale gas from the northeastern United States to the Dawn storage hub near Sarnia in southwestern Ontario. The Rover Pipeline last week won approval from the U.S. energy regulator to increase shipping to its capacity of 3.25 billion cubic feet per day of natural gas, transporting the fuel from Marcellus and Utica shale wells in the northeastern U.S. to American [Read more]
Trudeau to talk Trans Mountain pipeline with Indigenous leaders in B.C.
ROSEDALE, B.C. - The prime minister is expected to meet with Indigenous leaders in British Columbia today, including a First Nations chief who has been a vocal supporter of the Trans Mountain pipeline expansion. Justin Trudeau will be in the Fraser Valley where he'll speak with the Indigenous Advisory and Monitoring Committee, a group that monitors existing pipelines and the construction of the Trans Mountain's expansion project. The group includes Cheam First Nation Chief Ernie Crey, who [Read more]
Trans Mountain protests continue, environment minister says it’s time to move on
VANCOUVER - As opponents of the Trans Mountain pipeline expansion protested across the country Monday, Canada's environment minister said the project needs to move forward. Protesters gathered outside the offices of Liberal MPs calling for Prime Minister Justin Trudeau's government to pull its support for the controversial pipeline. The rallies follow Ottawa's announcement last week that it will spend $4.5 billion to buy the pipeline and ensure the expansion project is completed. "The [Read more]
Opposition criticizes $1.5-million retention bonuses for Kinder Morgan execs
CALGARY - Opposition politicians hit the Liberal government with pointed questions Monday over news that two Kinder Morgan Canada executives will each be given $1.5-million bonuses to ensure they stay on as its Trans Mountain pipeline system is sold to the federal government. The retention bonuses for president Ian Anderson and David Safari, the vice-president overseeing the Trans Mountain pipeline expansion, are detailed in a company regulatory filing dated Tuesday, May 29, the day the [Read more]
Trans Mountain seeks stricter injunction at terminals in British Columbia
VANCOUVER - Lawyers for Trans Mountain will be back in court today to ask a British Columbia judge to amend an injunction order limiting people from protesting within five metres of two work sites in Burnaby. B.C. Supreme Court Justice Kenneth Affleck granted the order in March, when he turned down a request for a 50-metre exclusion zone at the Burnaby Terminal and the Westridge Marine Terminal. Trans Mountain says in its notice of civil claim that protesters have changed their tactics to [Read more]
ConocoPhillips fined $180,000 for 2016 leak of condensate in northwest Alberta
CALGARY - Oil and gas producer ConocoPhillips Canada is being fined $180,000 for a 2016 pipeline leak that spilled a light petroleum liquid into a remote area of northwestern Alberta. The leak of 380,000 litres of condensate resulted in 38 observed fatalities to unspecified species of wildlife and hundreds of potential wildlife deaths as it affected nearly three square kilometres of land as well as nearby waterways, the Alberta Energy Regulator said on its website. The AER assessed a [Read more]
Pipeline assets will attract buyers if feds can complete expansion, experts say
CALGARY - If the federal government manages to overcome strong opposition in British Columbia and complete construction of the Trans Mountain pipeline expansion, experts say it will have an asset that will be of great interest to potential buyers. But, given the level of controversy surrounding construction, that's a hefty 'if'. Experts were also quick to add it's unlikely Ottawa will succeed if it tries to sell the Trans Mountain assets it is buying from Kinder Morgan Canada Ltd. while [Read more]
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