LLOYDMINSTER - The premiers of Alberta and Saskatchewan are repeating their calls for federal support for energy projects and the abandonment of some industry regulations. Saskatchewan Premier Scott Moe and Alberta's Danielle Smith say if Prime Minister Mark Carney wants Canada to have the strongest G7 economy, he needs to repeal policies like the West Coast tanker ban and net-zero electricity regulations. Moe says Canada's top priority should be building an energy corridor that connects [Read more]
Keyera buying Plains’ Canadian natural gas liquids business for $5.15 billion
CALGARY - Keyera Corp. has signed a deal to buy Plains' Canadian natural gas liquids business, as well as select U.S. assets, for $5.15 billion in cash. The assets under the deal include 193,000 barrels per day of fractionation capacity, 23 million barrels of storage capacity and over 2,400 kilometres of pipeline infrastructure. The deal also covers gas processing operations as well as loading and logistics infrastructure, including truck and rail terminals in Canada and the U.S. Keyera [Read more]
Saskatchewan premier says he can ‘get behind’ Ottawa’s energy superpower vision
CALGARY - Saskatchewan Premier Scott Moe says he can truly get behind some of the statements Prime Minister Mark Carney has made about making Canada an energy superpower. Moe says he can hardly be called a member of the "Liberal booster club" and it's unusual for him to express support for that political stripe. But he says Carney's talk about moving forward nation-building projects to get Canadian resources to new markets is encouraging, though it must be backed up with action — and [Read more]
Crude spike driven by Mideast tumult may be a ‘knee jerk’ that quickly fades: analyst
CALGARY - An analyst says a spike in crude prices driven by the latest Mideast turmoil could be a knee-jerk reaction that quickly subsides. Enverus commodities expert Al Salazar says unless there is a sustained disruption in global crude oil supplies as a result of Israel's attacks on Iran, prices should return to normal in fairly short order. In the early afternoon, West Texas Intermediate crude was at US$71.89 a barrel, an almost six per cent increase from a day earlier. Fuel prices [Read more]
Canadian premiers turn to New England governors for support on Trump tariffs
FREDERICTON - A group of Canadian premiers appear to be setting high expectations as they pursue negotiations with American governors to mitigate the impacts of United States-imposed tariffs on their economies. Premiers from New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Ontario, and Quebec's economic minister are scheduled to meet with New England governors on Monday in Boston. New Brunswick Premier Susan Holt said the premiers look to the New England [Read more]
Alberta to explore injecting oilsands tailings underground as one management option
EDMONTON - The Alberta government says it is considering letting oil companies inject wastewater deep underground as a way to manage the toxic tailings that are accumulating in the oilsands. The idea is one of five policy recommendations being put forward by a government-appointed committee tasked with studying potential tailings management options. A new report from the committee, which was formed over a year ago and is chaired by United Conservative MLA Tany Yao of Fort McMurray, says [Read more]
Liberals to cut short study of bill to speed up resource project approvals
OTTAWA - The federal government is defending its plans to push its internal trade and major projects bill through the House of Commons next week at a rapid clip. Critics claim the move will evade much-needed scrutiny of a bill that would give cabinet sweeping powers to quickly approve selected major natural resource projects, such as oil pipelines. Government House leader Steven MacKinnon has put a motion on notice that would push the bill through the House of Commons by the end of next [Read more]
Alberta premier says province is looking to entice private-sector pipeline builder
CALGARY - Alberta Premier Danielle Smith says her government is working to entice a private-sector player to build a crude pipeline to coastal waters. She urged attendees at the Global Energy Show to keep up the pressure on Ottawa to help speed along such a nation-building project. Smith has been enthusiastic about reviving a plan to ship oilsands crude to Prince Rupert on the northern B.C. coast for export to Asia. But she says that's never going to happen as long as there's a tanker [Read more]
Ambrose says western separatism can fizzle out if Ottawa listens to grievances
CALGARY - Former federal cabinet minister Rona Ambrose says the secessionist sentiment in Alberta is an unwelcome source of uncertainty for investors — but it can dissipate quickly if Ottawa handles it right. Ambrose, now deputy chair at TD Securities, made her remarks during a panel discussion at the Global Energy Show. She says there's a feeling of resentment in Alberta and neighbouring Saskatchewan that Prime Minister Mark Carney can't take lightly. But she says outreach and [Read more]
OPEC secretary-general takes aim at net-zero targets ‘detached from reality’
CALGARY - The secretary-general of the Organization of Petroleum Exporting Countries says there's no peak in oil demand on the horizon. Haitham al-Ghais made his remarks in a speech to the Global Energy Show in Calgary. He says primary energy demand is forecast to rise by 24 per cent between now and 2050, surpassing 120 million barrels a day. Al-Ghais says that will require US$17.4 trillion in investment over that time. He says the prediction isn't based on ideology, but on [Read more]
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