OTTAWA - The Liberal government's twin pursuits of expanded foreign markets for Canadian fossil fuels and global action on climate change are getting some unfavourable notice at an international climate summit in Morocco. The newly elected Trudeau government made a big splash at last December's United Nations-sponsored COP21 in Paris by helping push aggressive global ambition in the battle against a warming planet. But while negotiating a national plan with the provinces and [Read more]
Canadian oil and gas producers release higher spending plans for 2017
CALGARY - Oil and gas companies are opening their wallets, emboldened by lower oilfield costs, a favourable new Alberta royalty regime and optimism that commodity prices will at least stabilize next year. Producers that can afford to spend more are signalling a willingness to do so in budget announcements this fall. That's despite a forecast issued last week by the Paris-based International Energy Agency of more supply and little demand growth in 2017, suggesting continued poor global [Read more]
TransCanada ends Mainline open season, open season bids fall short
CALGARY - TransCanada Corp. (TSX:TRP) says it's not going ahead with a plan for new lower-priced long-term contracts for Alberta natural gas shippers that want to use its Canadian Mainline system. The company says the "open season" resulted in bids that fell well short of the volumes required to make the plan viable. The Canadian Mainline system extends from the Empress receipt point in Alberta to the Dawn hub, near Sarnia, Ont. The proposal for a new round of binding [Read more]
Warren Buffett’s Berkshire Hathaway sells its stake in Suncor Energy
CALGARY - Warren Buffett has sold the rest of his holdings in Suncor Energy Inc. (TSX:SU). According to filings with the U.S. Securities and Exchange Commission, Buffett's Berkshire Hathaway no longer holds any shares in the Canadian energy company. The quarterly regulatory filing lists his investments as of Sept. 30. Berkshire Hathaway began selling its stake in Suncor earlier this year. An earlier regulatory filing disclosed Berkshire Hathaway held about 22.3 [Read more]
Fort McMurray wildfire recovery to spur $5.3 billion in spending by end of 2019
CALGARY - The massive efforts to respond to and rebuild after the wildfire of Fort McMurray, Alta., will spur economic growth in the coming years but leave insurance companies and governments with a tab of more than $5 billion, says a new report. The Conference Board of Canada said in a paper released Tuesday that the spending will add 0.4 per cent or $1.1 billion to Alberta's GDP next year, followed by growth of 0.2 per cent and 0.1 per cent in 2018 and 2019, respectively. The [Read more]
Notley defends oilsands group appointees, Wildrose wants them fired
CALGARY - The Alberta government is facing renewed criticism over its choice of panellists to head up its oilsands advisory group. The Wildrose party is calling for co-chair Tzeporah Berman and another appointee, Karen Mahon, to be fired. The opposition party claims Mahon sent out a fundraising email “imploring people to fight against the Kinder Morgan pipeline.” Berman is a well-known anti-oilsands advocate. She co-chairs the group with Dave Collyer, the former [Read more]
Alberta dairy farm settles with energy company over chemical contaminant
EDSON, Alta. - An Alberta farm family has reached a settlement with an energy company that tainted their land with chemicals. Bonavista Energy (TSX:BNP) has also been ordered by the Alberta Energy Regulator to begin extensive soil and groundwater remediation for the Saken dairy farm near Edson. "Ronald Saken, Lonni Saken and Bonavista Energy Corp. have been diligently working together to address that impact and have reached an agreement that is acceptable to both parties," said a [Read more]
Trump win won’t affect Alberta climate plans: environment minister
EDMONTON - The election of Donald Trump as the next U.S. president shouldn't affect Alberta's efforts to combat climate change, the province's environment minister said Monday. Trump is widely expected to pull back on efforts to reduce greenhouse gases and move away from measures such as reducing coal-generated power and putting a price on carbon. In a phone call from United Nations climate meetings in Marrakech, Morocco, Shannon Phillips said that doesn't necessarily mean [Read more]
Mission to Asia: Trade minister says Trump win hasn’t changed Alberta’s plans
EDMONTON - Alberta's trade minister says Donald Trump's victory in the U.S. election last week hasn't changed the province's plan to diversify its economy by expanding new markets. Deron Bilous says a major delegation to China and Japan was planned long before the vote in the United States last week. Eighty organizations and businesses are joining Bilous on the 12-day mission. They include the economic development agencies of both Edmonton and Calgary. China and [Read more]
Bonavista ordered to clean up years-old solvent spill near Edson, Alta.
EDSON, Alta. - The Alberta Energy Regulator has ordered Bonavista Energy Corp. (TSX:BNP) to clean up soil and water contamination from a years-old spill near Edson, Alta. Well testing in 2014 showed the company's South Rosevear Gas Plant had leaked sulfolane, an industrial solvent used to purify natural gas, into well water supplies as far as two kilometres from the plant. Last year the AER ordered Bonavista to establish a long-term solution to supply a landowner with at least [Read more]
- « Previous Page
- 1
- …
- 326
- 327
- 328
- 329
- 330
- …
- 550
- Next Page »