OTTAWA - New legislation introduced by the federal government will bar most oil tankers from operating along the coast of northern British Columbia. It will ban tankers carrying crude oil and so-called persistent oils from stopping, loading or unloading at any ports or marine installations from the northern tip of Vancouver Island all the way to the B.C.-Alaska border, including Haida Gwaii. The legislation fulfills an election pledge made by Prime Minister Justin Trudeau and [Read more]
Notley’s outlook for Kinder Morgan pipeline unswayed by uncertain B.C. vote
CALGARY - Alberta Premier Rachel Notley says the uncertain outcome of the British Columbia election should not change the fate of the Trans Mountain pipeline expansion. Notley supports the $7.4-billion project proposed by Texas-based Kinder Morgan to triple the amount of crude that flows from the Edmonton area to the B.C. Lower Mainland. The federal government approved the project late last year, so Notley doesn't believe a political shift in Alberta's western neighbour is much [Read more]
Enbridge commits to greater disclosure on indigenous and environmental issues
CALGARY - Enbridge Inc. (TSX:ENB) says it will increase disclosure on how it factors in indigenous and environmental issues when making acquisitions, despite shareholders voting about two-thirds against a resolution calling for just that on Thursday. "We thought, and still do, that the idea of providing more information on our approach to investments and acquisitions was a very good one," said chief executive Al Monaco at the company's annual general meeting. He said the company [Read more]
Federal Liberals to reinforce Trans Mountain pipeline support with B.C.
CALGARY - Canada's Liberal government will make clear its support of the Trans Mountain pipeline expansion when it meets with the newly elected government of B.C., the country's natural resources minister said Thursday. But Jim Carr said it first must be established who won the election on Monday. The results appear to hand Liberal Leader Christy Clark a minority government, but this could change with counts of absentee ballots and recounts. A total of 43 members of Clark's party [Read more]
Saskatchewan premier says B.C. election result ‘concerning’ for pipeline project
REGINA - Saskatchewan Premier Brad Wall says the result of the British Columbia election is concerning if the province ends up being led by an NDP-led coalition. Wall says that's because the B.C. New Democrats have been clear that they will do whatever they can to kill Kinder Morgan's Trans Mountain pipeline expansion project to the west coast. Premier Christy Clark's Liberal party, which supports the pipeline, won 43 seats — one short of a majority — in Tuesday's general [Read more]
Kinder Morgan looking to raise $1.75 billion in Trans Mountain pipeline IPO
CALGARY - Kinder Morgan Canada is looking to raise $1.75 billion through an initial public offering of assets including the Trans Mountain pipeline system. In an updated prospectus filed Wednesday, the company said it's looking to sell shares at between $19 and $22 to help fund the $7.4 billion Trans Mountain Expansion Project, rather than using a joint venture to fund it. The Kinder Morgan Canada Ltd. Partnership would hold both the Trans Mountain pipeline and the expansion [Read more]
National Energy Board to announce revised scope of Energy East pipeline review
CALGARY - Canada's national energy regulator has proposed that the new review of the Energy East Pipeline consider upstream and downstream emissions from the project. The National Energy Board is seeking public input until the end of the month on the topics that should be considered during hearings into Energy East, with an update to that expected by the summer. The NEB says the hearing panel has specifically asked for feedback on the issue of greenhouse gas emissions during [Read more]
B.C. election brings unwelcome uncertainty for business as Greens hold balance
CALGARY - British Columbia's election has brought unwelcome doubt for the business sector, given the prospect of an ascendant Green party influencing policy on pipelines, natural gas exports, hydroelectricity and other resource projects. Christy Clark's Liberal party took 43 seats, two ahead of the NDP, but just shy of the 44 seats needed to take a majority. Recounts and absentee ballots could still sway the final tally, such as with the Courtenay-Comox riding swinging to the NDP by a [Read more]
B.C. Election 2017: Christy Clark to try to govern with minority
British Columbia voters denied the B.C. Liberal party a new majority government Tuesday, instead splitting the political power base among three parties and plunging the province into the kind of uncertain minority government not seen in 65 years. But Liberal Leader Christy Clark said she intends to keep governing as premier. “Tonight we won the popular vote and we have also won the most seats,” she told a rally in Vancouver, after preliminary election results showed she won a minority [Read more]
Suncor files for approval of 160,000-bpd Lewis thermal oilsands project
CALGARY - Suncor Energy (TSX:SU) says it will apply this year for provincial regulatory permission to build a new Alberta oilsands project that could eventually produce up to 160,000 barrels per day. The Lewis project hasn't been officially sanctioned by Suncor, but the company says construction on its first phase may begin in 2024. The project is located about 25 kilometres northeast of Fort McMurray in northern Alberta. Suncor says it will consider using new [Read more]
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