VANCOUVER - Two Indigenous leaders from British Columbia say they will travel to pipeline builder Kinder Morgan's annual general meeting in Texas this week. Chief Judy Wilson with the Neskonlith Indian Band and Rueben George representing the Tsleil-Waututh Nation Sacred Trust Initiative say they intend to warn investors about the risk of proceeding with Kinder Morgan's Trans Mountain pipeline expansion without consent from First Nations. A news release from the Union of British Columbia [Read more]
Ensign Energy Services reports $26.7M Q1 loss, revenue up from year ago
CALGARY - Ensign Energy Services Inc. saw its first-quarter loss nearly double compared with a year ago as its revenue improved, helped by increased demand in the U.S. due to higher oil and natural gas prices. The oilfield services company says it lost $26.7 million or 17 cents per share for the quarter ended March 31 compared with a loss of $13.8 million or nine cents per share a year earlier. The bigger loss came as Ensign made an accounting change that raised its depreciation [Read more]
Alberta conservatives vote to end carbon tax, tell parents if child joins GSA
RED DEER, Alta. - Alberta's United Conservative party delegates have voted to pursue ending the carbon tax, and to have parents told if their child joins a gay-straight alliance at school. The delegates, at their founding convention in Red Deer, voted 98 per cent to end the government's carbon tax on gasoline and home heating fuels. Party leader Jason Kenney has said the tax punishes Albertans with no benefit to the environment, and has already said the first job of his government would be [Read more]
‘A warrior by heart:’ Indigenous people enlisted to monitor pipelines
CALGARY - Gerald Scott's perspective has shifted since he spent 10 days on the Standing Rock Sioux reservation in North Dakota which — until early last year — was the site of months of high-profile protests against the Dakota Access oil pipeline. Scott, who is from the Swan Lake First Nation in Manitoba, wanted to take a stand against what he saw as trampling of Indigenous rights. "I'm a warrior by nature. I'm a warrior by heart." Scott has since focused his fight on making pipelines [Read more]
Jason Kenney declares war on “green left” in speech to conservative party
RED DEER, Alta. - United Conservative Leader Jason Kenney, in a fiery speech to party members, is promising an all-out attack on the "green left" and those who secretly fund and support the demonization of Alberta's oil. "The special interests have targeted Alberta oil and not Saudi, Venezuelan, or Russian oil because they saw us as the boy scouts, the soft target," Kenney told about 3,000 delegates and observers in his keynote speech at the party's founding convention Saturday night. "If [Read more]
Jason Kenney eyes carbon tax axe resolution at his party’s founding convention
RED DEER, Alta. - Alberta's United Conservative leader Jason Kenney says he hasn't read and won't speak to the policy resolutions to be debated at his party's founding policy convention this weekend. But he says if he gets a mandate to fight carbon taxes he'll use it immediately when he speaks to the federal carbon tax bill before a House of Commons committee on Monday. About 2,300 delegates will vote on up to 250 policy resolutions this weekend in Red Deer. The proposals include [Read more]
Investors reject dissident slate but say-on-pay vote fails at Crescent Point
CALGARY - The CEO of Crescent Point Energy Corp. is vowing to work harder to address complaints after shareholders rejected four dissident directors at its annual meeting on Friday, but refused to support the company's approach to executive pay. Scott Saxberg acknowledged that the Calgary-based company has faced questions for years from investors critical of its spending, debt levels, executive pay and share performance, but insisted it has already made changes and is willing to do [Read more]
Canada has options to bolster competitiveness without corporate tax cuts
OTTAWA - In its search for ways to blunt threats to Canadian competitiveness, the federal government could avoid the pricey move of cutting corporate taxes by turning to an increasingly discussed option: allowing all companies to immediately write off new equipment purchases. For months, the Liberal government has been under pressure from corporate Canada to respond to a U.S. tax overhaul that many fear will lure business investment south of the border. The Trump administration's changes [Read more]
Keystone pipeline ruling expected to help further reduce heavy oil discount
CALGARY - A regulator's lifting of pressure restrictions on the Keystone oil pipeline in the United States earlier this week is expected to help reduce discounts being paid for Western Canadian heavy crude. Matthew John, spokesman for Calgary-based pipeline owner TransCanada Corp., says the order was limited to a small part of the pipeline following a leak in November in South Dakota and therefore the company doesn't expect big increases in volume. He says he can't be specific because the [Read more]
Federal Liberals confirm plans to intervene in B.C.’s Trans Mountain court case
OTTAWA - The federal government will intervene in British Columbia's reference case over the $7.4-billion Trans Mountain pipeline expansion, Justice Minister Jody Wilson-Raybould said Thursday. The case filed in the B.C. Court of Appeal asks if the province has jurisdiction to regulate the transport of oil through its territory, a key question in the political battle over the project. Wilson-Raybould said Ottawa's view will prevail. "We are confident in Parliament's jurisdiction and [Read more]
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