HALIFAX - Nova Scotia’s premier says his government is about to start negotiations with a company that could frack for natural gas in the province. Tim Houston told reporters Monday that seven companies responded to a call for firms interested in natural gas exploration. He says his government is about to start talks with one of the companies before deciding on regulatory approvals and financial incentives. Houston, who is also Nova Scotia's energy minister, said he expects the other [Read more]
No Pathways, no pipeline: How the massive carbon storage project would work, if built
CALGARY - There's no pipeline without Pathways and no Pathways without a pipeline. That was the quid pro quo spelled out in a sweeping energy accord signed between Alberta and Ottawa in November. Alberta is spearheading early planning and regulatory work on a potential new one-million-barrel-a-day pipeline to the West Coast that would provide an outlet for increased oilsands production and boost exports to Asia. But the "grand bargain" with Ottawa to help clear the way for the pipeline [Read more]
Pembina Pipeline going ahead with $570M Heartland extraction project
CALGARY - Pembina Pipeline Corp. says it's going ahead with its $570-million Heartland extraction plant project. The 750-million-cubic-feet-per-day straddle plant will extract natural gas liquids under Pembina's extraction rights on the Yellowhead Pipeline. It is expected to enter service in late 2029. Pembina has also signed a long-term agreement at the Heartland project to supply Dow with ethane beginning in late 2029, scaling to 22,500 barrels per day by the end of 2030. In [Read more]
‘Pack your patience’: Fuel shortages keeping Canadians’ summer travel plans in flux
With airline tickets growing more expensive and customers facing the risk of cancelled flights, insurance experts are advising those with summer travel plans to stay on their toes. Air carriers are continuing to grapple with sky-high jet fuel costs, an offshoot of Iran's ongoing closure of the Strait of Hormuz, which has led to soaring oil prices globally since late February. Like their international peers, Canadian airlines have been consolidating some flights and adding fuel surcharges, [Read more]
Keyera AltaGas and CN to go ahead with new rail terminal project
CALGARY - Keyera Corp., AltaGas Ltd. and Canadian National Railway Co. have announced a plan to go ahead with a new $240-million rail terminal project. Under the plan, Keyera will build and own the Alberta Corridor Export Rail Terminal on land it owns. The project will be supported by long-term commercial arrangements with AltaGas and CN. The terminal is expected to provide transportation capacity for the shipment of about 45,000 barrels per day of propane and butane from the Fort [Read more]
Alberta’s timing targets for West Coast pipeline ‘best-case scenario’: CIBC analysts
CALGARY - Analysts at CIBC World Markets say the timeline the Alberta government set out for construction to begin on a potential new West Coast oil pipeline reflects a best-case scenario. The province aims to submit a proposal to the federal major projects office by July 1, have it designated a project of national interest by Oct. 1 and have shovels in the ground as early as Sept. 1, 2027. The Alberta government laid out those targets after it and Ottawa finalized one of the last [Read more]
Carney, Smith confirm energy announcement coming Friday
CALGARY - Prime Minister Mark Carney and Alberta Premier Danielle Smith say they'll be in Calgary on Friday to announce the next step in their landmark energy pact. Carney says it will feature an implementation agreement on industrial carbon pricing and advance a potential new pipeline. Neither he nor Smith shared more details, but the premier told the legislative assembly it would be another step toward resetting the province's relationship with Ottawa. The memorandum of understanding signed [Read more]
Carney pushes new clean electricity strategy to expand grid, lower costs
OTTAWA - The federal government is planning to adjust the clean electricity regulations to give more flexibility to LNG power plants and help to double Canada's electricity grid by 2050. Prime Minister Mark Carney on Thursday unveiled Canada's long-awaited clean electricity strategy, which aims to lower energy costs for 70 per cent of Canadian households. The strategy says construction will cost more than $1 trillion and public dollars will be used to cover some of the cost. "Doubling [Read more]
‘Extraordinarily innovative’ oil sector can weather increased carbon price: ATCO CEO
CALGARY - The chief executive of ATCO Ltd. says she believes the energy sector can weather an increase in the carbon price, a move some business leaders have said would hurt Canada's competitive position on the world stage. "None of us want to have additional tax imposed on us," Nancy Southern told reporters following her company's annual general meeting on Wednesday. "However, we — and especially our Canadian oil industry — have been extraordinarily innovative." The "energy superpower" [Read more]
Feds, Alberta nearing deal on $130/tonne industrial carbon price by 2040: source
OTTAWA - Ottawa and Alberta are closing in on a deal on industrial carbon pricing. A source with knowledge of the discussions who was not authorized to speak publicly about them tells The Canadian Press the two governments expect to announce an effective carbon price of $130 per tonne of greenhouse gas emissions as of 2040. The agreement stems from the energy pact Canada and Alberta reached last fall which tied various climate policies to an Alberta oil pipeline to the West Coast. The [Read more]
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