CALGARY - Suncor Energy is bringing in a northern Alberta aboriginal band as partner in a $1-billion storage facility being built to serve its Fort Hills oilsands project. The Calgary-based company says the Fort McKay First Nation will pay about $350 million when its new tank farm becomes operational next spring in return for a 34 per cent interest. Chief Jim Boucher says the band expects long-term benefits from the investment. Closing is dependent on Fort McKay obtaining [Read more]
‘A poke in the ribs:’ Group pitches equalization for pipelines to Ottawa
CALGARY - A group that represents oilfield service and supply companies asked Ottawa earlier this year to use equalization payments as leverage to get reluctant provinces onside with pipeline projects. The Petroleum Services Association of Canada made the pitch last February as part of its federal budget submission, which was obtained by The Canadian Press through an access-to-information request. The association recommended that the federal government "amend equalization [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch this week in Canadian business: Auto Talks: Unifor, which represents some 23,000 workers at Ford, General Motors and Fiat Chrysler, will announce on Tuesday which of those automakers will be its target company in the opening round of negotiations for a collective agreement. The union says it plans to use the contract it reaches with that company as a template heading into talks with the other automakers. Pipeline Politics: The National Energy [Read more]
Trudeau sidesteps question about concerns over Energy East pipeline hearings
HANGZHOU, China - Justin Trudeau sidestepped a question Saturday when asked about concerns over the independence of the National Energy Board hearings into the Energy East oil pipeline project. Hearings into the controversial project were suspended last week after the federal regulatory body received motions calling for the resignation of two panel members. The motions were filed after a news report revealed the two members met in early 2015 with ex-Quebec premier Jean Charest, [Read more]
Saskatchewan city lifts all watering restrictions following oil spill
NORTH BATTLEFORD, Sask. - Officials in a Saskatchewan city affected by an oil spill say all watering restrictions have been lifted. But North Battleford residents are still being asked to use water in moderation and follow an alternating schedule for watering their lawns. A Husky pipeline leak detected July 21 spilled up to 250,000 litres of oil mixed with a lighter hydrocarbon into the North Saskatchewan River near Maidstone. The cities of North Battleford, Prince Albert [Read more]
Quebec MP running for Tory leadership says he’ll push for pipeline projects
SASKATOON - One of the candidates vying for the leadership of the federal Conservative Party says he opposes a federal carbon tax. Quebec MP Maxime Bernier was in Saskatoon on Wednesday and also says he will push to have pipeline projects go ahead so western oil to the coasts for sale overseas. Bernier also says balancing the budget should be Canada's priority, not spending more and piling on debt. He also says he would push for a smaller government to give more freedom [Read more]
National Energy Board suspends hearings into Energy East
MONTREAL - All future National Energy Board hearings into the Energy East pipeline project will be suspended until the board rules on motions demanding two panel members resign, the federal agency announced Tuesday. The board received the motions after a news report revealed the two members met in early 2015 with ex-Quebec premier Jean Charest, who was at the time a paid lobbyist for TransCanada, the company behind the project. "Given that the board has invited written comments [Read more]
NewsAlert: National Energy Board suspends hearings into Energy East
MONTREAL - All future National Energy Board hearings into the Energy East pipeline project will be suspended until the board rules on motions demanding two panel members resign, the federal agency announced Tuesday. The board received the motions after a news report revealed the two members met in early 2015 with ex-Quebec premier Jean Charest, who was at the time a paid lobbyist for TransCanada, the company behind the project. "Given that the board has invited written comments [Read more]
Alberta to redouble messaging efforts after Quebec protest on Energy East line
EDMONTON - Alberta's energy minister says the violent disruptions at the Energy East pipeline hearings in Quebec are disconcerting and are hindering the debate. But Marg McCuaig-Boyd said Alberta is determined to move forward and will work harder to reinforce its message on the importance of getting oil to the coasts to ship to oversea markets. "We're just going to keep doing what we're doing. It's working. I'm hearing from companies all the time that our climate leadership plan [Read more]
Oilfield services group pitching rejigged well cleanup proposal to Ottawa
CALGARY - The head of an oilfield services lobby group says if Ottawa won't give the industry money to clean up dormant oilwells, a loan would work just as well. Mark Salkeld, CEO of the Petroleum Services Association of Canada, says he discussed his rejigged pitch with federal Natural Resources Minister Jim Carr this week. "Our whole rationale remains the same," Salkeld said in an interview Tuesday. "There's work out there to be done and, if we can get after it, we can retain [Read more]
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