EDMONTON - Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa's exemption of the carbon levy on home heating oil. She says it's "blatantly" unfair to Albertans who rely on natural gas to heat their homes and that relief can’t wait with cold winter weather coming. Alberta Justice Minister Mickey Amery says it took about a year for the province to assemble its legal argument and he expects it to take another year to work its way through court. Amery says [Read more]
Natural gas producers await LNG Canada’s start, but will it be the fix for prices?
CALGARY - Natural gas producers in Western Canada have white-knuckled it through months of depressed prices, with the expectation that their fortunes will improve when LNG Canada comes online in the middle of next year. But the supply glut plaguing the industry this fall is so large that not everyone is convinced the massive facility's impact on pricing will be as dramatic or sustained as once hoped. As the colder temperatures set in and Canadians turn on their furnaces, natural gas [Read more]
Text of the Bank of Canada’s latest interest rate decision
OTTAWA - The Bank of Canada cut its key policy rate by 50 basis points on Wednesday to take it to 3.75 per cent. Here is the text of the central bank's decision: The Bank of Canada today reduced its target for the overnight rate to 3.75 per cent, with the Bank Rate at four per cent and the deposit rate at 3.75 per cent. The Bank is continuing its policy of balance sheet normalization. The Bank continues to expect the global economy to expand at a rate of about three pre cent over the next [Read more]
Investing in oil and gas still important, IEA deputy head tells Calgary crowd
CALGARY - The deputy executive director of the International Energy Agency says investments in oil and gas production are important and must continue in tandem with increased investment in renewable and clean technologies. Mary Burce Warlick made the comments in Calgary, in a speech just a week after the Paris-based IEA released its most recent forecast for global energy demand. The IEA said in that forecast that demand for all three fossil fuels — coal, oil and gas — is set to peak by the [Read more]
Ontario aiming to become energy superpower, Energy Minister Stephen Lecce says
TORONTO - Ontario's energy minister says he wants the province's electricity system to not just be able to meet an expected 75 per cent increase in demand, but to exceed it and be able to sell excess power to other jurisdictions. Stephen Lecce is releasing a document today that outlines his vision for a clean, reliable and affordable grid, as well as how to integrate electricity planning with other aspects of the energy system. The release follows an announcement last week from the [Read more]
Imperial to cut prices in NWT community after low river prevented resupply by barges
NORMAN WELLS, N.W.T. - Imperial Oil says it will temporarily reduce its fuel prices in a Northwest Territories community that has seen costs skyrocket due to low water on the Mackenzie River forcing the cancellation of the summer barge resupply season. Imperial says in a Facebook post it will cut the air transportation portion that's included in its wholesale price in Norman Wells for diesel fuel, or heating oil, from $3.38 per litre to $1.69 per litre, starting Tuesday. The air [Read more]
Six months on, what has the Trans Mountain pipeline project achieved and what’s next?
CALGARY - Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada's energy sector as promised — but questions still linger about who will pay for the project's massive cost overruns. By a variety of measures, the expensive and contentious pipeline project is bearing fruit as more Canadian oil reaches the West Coast to be shipped to export markets. The Trans Mountain pipeline carries crude oil from Alberta to the B.C. coast. Its expansion, which opened [Read more]
Feds, provinces must work together to tackle productivity crisis: Alberta premier
CALGARY - Canada's economic productivity crisis can only be solved if the federal and provincial governments come together to address issues like major project approvals and inter-provincial trade barriers, Alberta's premier said Wednesday. Danielle Smith made the remarks in Calgary at a national conference on productivity, a term which describes how much an economy produces per hour worked. Canada's lagging productivity record has been in the spotlight in recent months. Earlier this year, [Read more]
Amazon, Google make dueling nuclear investments to power data centers with clean energy
Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence. The plans come as the owner of the shuttered Three Mile Island nuclear power plant said last month it plans to restart the reactor so tech giant Microsoft can buy the power to supply its data centers. All three companies have [Read more]
Feds move ahead with sustainable investing guidelines, but details still scarce
TORONTO - Finance Minister Chrystia Freeland says the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce. A wide range of investors, asset managers and environmental groups have been pushing the government to roll out such guidelines, also known as green taxonomies, to attract more investment for emissions-reducing projects. Frustration has been mounting as efforts to create such guidelines [Read more]
- « Previous Page
- 1
- …
- 23
- 24
- 25
- 26
- 27
- …
- 516
- Next Page »