ST. JOHN'S - The chief executive of oilsands giant Cenovus Energy Inc. says moves to reduce costs after acquiring MEG Energy Corp. will ensure long-term jobs stay with the company. Jon McKenzie was asked by reporters in St. John's about expected layoffs now that the $8.6-billion transaction has closed. He said "rationalization" is to be expected in any major deal and that "on a grander scale, it's fairly small" in the case of the MEG purchase. McKenzie adds that anything that brings [Read more]
Energy minister to brief B.C. Liberal MPs on expected Alberta pipeline deal
OTTAWA - Energy and Natural Resources Minister Tim Hodgson is set to brief B.C. Liberal MPs today on the government's expected energy deal with the province of Alberta. The move comes after B.C. Liberal MPs last week said any deal involving a pipeline to the West Coast would need consent from First Nations and the B.C. government, repeating talking points from the government in recent weeks. Prime Minister Mark Carney said Tuesday in the House of Commons that B.C. "has to agree" to any [Read more]
Oil tanker ban just one obstacle to northern B.C. pipeline, experts say
CALGARY - A new oilsands pipeline to the northern B.C. coast is a non-starter as long as oil tankers are forbidden there, but experts say a removal of the federal ban would only lift one of many obstacles deterring the private sector from such a project. Media reports say the federal and Alberta governments are poised to announce a memorandum of understanding Thursday, affirming support for a pipeline alongside emissions-reducing measures. The agreement reportedly includes exemptions to the [Read more]
Quebec begins consultations on potential revision of greenhouse gas targets
MONTRÉAL - Quebec is beginning consultations at the provincial legislature on whether to revise its greenhouse gas emission reduction target. The province committed to reducing its annual emissions by 37.5 per cent below 1990 levels by 2030 in the wake of the 2015 Paris Agreement on climate change. Environment Minister Bernard Drainville told the consultation the province is about halfway to the target, with a 19 per cent reduction over 1990 levels. But he says achieving the other half [Read more]
Saskatchewan government says budget on course to record $427M deficit at year’s end
REGINA - This year’s Saskatchewan budget is sinking deeper into the red, mainly due to the cost of fighting the summer’s wildfires. Finance Minister Jim Reiter, in a mid-term update on the budget, says the projected year-end deficit is expected to be $427 million. It's a major swing from when the budget was introduced in the spring. At that time, Premier Scott Moe’s government was projecting a $12-million surplus, but in August the bottom line was revised to a $349-million deficit [Read more]
Hodgson says Ottawa is close to providing clarity on B.C. tanker ban
OTTAWA - Energy and Natural Resources Minister Tim Hodgson said on Monday the government is getting close to being able to provide clarity on whether Ottawa would repeal the West Coast oil tanker ban. Hodgson made the remarks while appearing before the House of Commons committee on natural resources, when he was asked about the status of the legislation prohibiting tankers from carrying more than 12,500 metric tons of crude oil in areas along the Northern coast of British Columbia. The [Read more]
Premier Eby tells Carney it’s unacceptable B.C. has been cut out of pipeline talks
VICTORIA - British Columbia Premier David Eby says he told Prime Minister Mark Carney "how unacceptable" it was for Alberta and Saskatchewan to talk with the federal government about a potential pipeline without input from his province. Eby says such treatment would not happen to any other province, adding that he expects Ottawa to include B.C. and Coastal First Nations as full participants in any future talks. The premier's comments come as the federal government and Alberta are said to [Read more]
AtkinsRéalis Canada president says Quebec mentality around pipelines changing
CALGARY - The head of AtkinsRéalis Group Inc.'s Canadian division is expressing optimism that Quebec would be receptive to a new pipeline through a province that staunchly opposed the now-defunct Energy East proposal about a decade ago. "The mentality is changing," Stéphanie Vaillancourt told a business audience in Calgary on Thursday. "It's important to talk about it much more...We are very lucky as Canadians to have so much natural resources." AtkinsRéalis, the Montreal-based [Read more]
‘Devil in the details’ on Alberta-Ottawa energy accord: former pipeline executive
CALGARY - Federal climate policy will have to be finessed in just the right way if Alberta's push for a "grand bargain" on a new West Coast oilsands pipeline is to pan out, a former energy executive said after The Globe and Mail reported the province and Ottawa were nearing an agreement in support of such a project. "The devil is in the details and there will still be a lot of questions about how do we trust a Liberal government," said Dennis McConaghy, who retired more than a decade ago from [Read more]
Premier Moe says he’s supportive of pipeline to northern B.C., reallowing tankers
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]
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