REGINA - Saskatchewan Premier Scott Moe says he's hopeful the federal government and Alberta can make progress on getting a pipeline built and allowing some tanker traffic on the northern B.C. coast. Moe says the measures would support Saskatchewan's goal of exporting more potash, agricultural products and oil. The Globe and Mail newspaper is reporting Ottawa, which is in talks with Alberta on the prospect of building a new pipeline, is considering allowing some tanker traffic in the [Read more]
Carney defends green pledge to get Budget 2025 passed in narrow vote
OTTAWA - Prime Minister Mark Carney on Tuesday defended making a commitment to carbon emission targets to get the government's spending plan over the finish line. Carney told reporters before the weekly cabinet meeting in Ottawa that he was "very pleased" his government narrowly won the crucial budget vote on Monday night. “This is about empowering Canadians. It’s about helping all Canadians get ahead, protecting our way of life, protecting our transfers to Canadians, getting affordability [Read more]
‘Gas-for-wine’: South Africa seeks deal to boost trade, investment with Canada
OTTAWA - As Prime Minister Mark Carney heads to Johannesburg for the G20 summit, Canada and South Africa are talking about a deal to boost bilateral trade and investment that could see more South African wine on Canadian shelves in exchange for gas exports. "We are pursuing a strategic partnership with Canada," South African High Commissioner Rieaz Shaik told The Canadian Press. "I'm calling it a gas-for-wine deal." Shaik said the talks are focused on five sectors — agribusiness, [Read more]
TransAlta buying four Ontario natural gas-fired power plants for $95 million
CALGARY - TransAlta Corp. has signed a deal to buy Far North Power Corp. and its four natural gas-fired power plants in Ontario for $95 million. The power utility is buying the assets from an affiliate of Hut 8 Corp. and Macquarie Equipment Finance Ltd. The plants are located in Iroquois Falls, Kingston, North Bay, and Kapuskasing. They will add 310 megawatts capacity to TransAlta's portfolio to bring its total to 1,300 MW. TransAlta says it will finance the transaction using cash on [Read more]
Inflation cools to 2.2% in October as gas, grocery prices fall
OTTAWA - Cheaper prices at the gas pumps and grocery store helped bring down inflation in October, Statistics Canada said Monday. The annual rate of inflation cooled to 2.2 per cent in October – a tick higher than economists’ expectations but down from 2.4 per cent in September. Gas prices fell 4.8 per cent on a monthly basis in October as retailers switched to cheaper winter blends of fuel and global crude oil prices dropped on concerns of oversupply. Prices at the grocery store also [Read more]
Eby says B.C. is at a ‘pivot point’ as he promises future based on natural resources
VICTORIA - British Columbia Premier David Eby says the province finds itself at a “pivot point” between an “old order that is fading” and a “new one that has yet to be defined.” Eby, who is speaking to delegates at the convention of British Columbia's New Democrats in Victoria, says British Columbia has everything it needs to build a “stronger, more secure future” for everyone. Eby says B.C. will turn its natural resources into the wealth needed to “sustain strong public services for [Read more]
Oil and gas producers applaud Ottawa’s latest major projects list
OTTAWA - The Canadian Association of Petroleum Producers is applauding Ottawa’s latest list of major projects after another liquefied natural gas project made the cut. On Thursday, Prime Minister Mark Carney identified the second tranche of projects his government is submitting to the Major Projects Office for consideration as projects of national interest. Such designation would give it special treatment to fast track approvals and possibly sidestep certain environmental laws, as the [Read more]
No evidence of systemic issue on Keystone system following N.D. spill, South Bow says
CALGARY - South Bow Corp. aims to gradually return its Keystone pipeline to normal operations next year, as the system continues to run at reduced pressure following an April spill in North Dakota. Chief operating officer Richard Prior says the company has seen no evidence of a systemic issue with the Alberta-to-Texas network after the six in-line inspections and 37 integrity digs it's done. A segment of the pipeline ruptured this spring and released more than 556,000 litres of oil onto [Read more]
New major projects list has some Indigenous buy-in, Carney says OKs still needed
OTTAWA - After an initial round of referrals to the new Major Projects Office that saw no Indigenous-led projects chosen, the second list of referrals includes some with Indigenous support, ownership or backing — including a liquefied natural gas project. The list of projects earmarked for fast-track approval includes the Crawford nickel mine in Ontario, the Ksi Lisims LNG project on B.C.'s northwest coast, and the North Coast Transmission Line to power projects in the region, including the [Read more]
Enbridge spending US$1.4 billion to increase shipping capacity to U.S. markets
CALGARY - Enbridge Inc. has announced plans to spend US$1.4 billion to increase its capacity to ship Canadian heavy oil to the United States. The company says it has reached a final investment decision to add capacity on its Mainline network and its Flanagan South pipeline. The move comes as it says it faces customer demand to increase deliveries of Canadian heavy oil to key refining markets in the U.S. Midwest and Gulf Coast. Enbridge says it will add 150,000 barrels per day of [Read more]
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