OTTAWA - Ottawa's one-stop shop for industry to pitch plans for large industrial construction projects will be headquartered in Calgary. The Prime Minister's Office provided details today about the major projects office which is part of its plan to get big national projects fast-tracked through the approval process. The office will be headed up by former Trans Mountain CEO Dawn Farrell. The Liberal government rushed Bill C-5 through Parliament in June. It raised the ire of various Indigenous [Read more]
No rush on new crude oil pipelines, Trans Mountain chief executive says
CALGARY - The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude oil to market until at least 2030 without the need for a whole new project being built from scratch. Mark Maki says at the rate production has been growing, existing pipelines out of Alberta are on track to fill up around 2027 as they're currently configured. But he says his company and other pipeline firms have small-scale projects in the works to retool their [Read more]
Canada eyes deeper energy ties with Germany through critical minerals partnership
BERLIN - Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects. Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdeveloped while China and Russia dominate the global critical minerals market. Carney says the two countries also aim to closely co-operate in energy, including on liquefied natural gas and hydrogen energy. Carney is currently on a [Read more]
Cenovus signs cash-and-stock deal to buy MEG Energy
CALGARY - Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal represents the best strategic alternative for the company. Under the agreement, MEG shareholders can receive $27.25 in cash or 1.325 Cenovus common shares for [Read more]
Hodgson ‘hopeful’ first batch of major projects announcements to start in fall
OTTAWA - Natural Resources Minister Tim Hodgson said he is "hopeful" that the government will start announcing major infrastructure project approvals in the fall. In an interview with The Canadian Press, Hodgson said the federal government has been busy consulting with stakeholders over the summer and has been quietly getting a new major projects office set up to deal with companies hoping to build large-scale projects. When pressed what "fall" means, since Parliament's fall sitting is [Read more]
Group files greenwashing complaint with securities watchdog against Enbridge, Cenovus
CALGARY - A shareholder advocacy group has filed a greenwashing complaint with Alberta's securities watchdog alleging Cenovus Inc., one of Canada's biggest oilsands producers, and Enbridge Inc., the country's biggest crude pipeline operator, have misled investors in their environmental disclosures. Investors for Paris Compliance, which seeks to hold publicly traded companies accountable for their climate commitments, argues the companies have breached the Alberta Securities Act "with [Read more]
Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan
OTTAWA - Inflation cooled in July thanks largely to relief at the gas pumps, but Statistics Canada said grocery and shelter costs were accelerating last month. The annual rate of inflation fell to 1.7 per cent in July, the agency said Tuesday, down from 1.9 per cent in June. A 16.1 per cent decline year-over-year in gas prices tied mainly to the removal of the consumer carbon price earlier this year fueled the drop. Gas prices were also down 0.7 per cent on a monthly basis. StatCan [Read more]
Indigenous leaders on Trans Mountain lessons as Building Canada Act moves forward
OTTAWA - Two former Indigenous leaders on both sides of the debate over the Trans Mountain pipeline expansion say the federal government can't ignore First Nations on future infrastructure projects it seeks to approve. Their comments come as Prime Minister Mark Carney aims to fast-track major projects, such as pipelines and mines, through his government's newly adopted "Building Canada Act." Following years of delays and legal challenges, the expanded Trans Mountain pipeline, known as TMX, [Read more]
Ottawa funds $25M for companies to build EV chargers, buy natural gas-powered trucks
OTTAWA - The federal government announced $25 million in funding today for companies to build more than 850 electric vehicle chargers, mostly in Quebec. The money will also help companies finance the purchases of natural gas-powered transport and recycling trucks to help companies lower emissions. According to the government nearly one quarter of Canada's total annual emissions comes from transportation, with a significant amount from medium to heavy-duty vehicles — such as [Read more]
Enbridge says federal support for oil and gas not yet clear
The head of Enbridge Inc. says he's encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home. "I'm optimistic about our ongoing conversations and the alignment we're seeing today on both sides of the border to advance projects and legislation," said Greg Ebel, chief executive of Calgary-based Enbridge on a Friday call to discuss second-quarter results But while both governments [Read more]
- « Previous Page
- 1
- …
- 26
- 27
- 28
- 29
- 30
- …
- 538
- Next Page »