Nuclear power one day coming to Alberta is an exciting prospect for Capital Power Corp., but its chief executive says it's too soon for the electricity generator to contemplate any meaningful investment in the idea. "We're exploring it with best-in-class experts, we're collaborating with government and we're keen to move to the next steps," Avik Dey told analysts on a conference call Wednesday to discuss the company's third-quarter results. "In terms of capital allocation or putting risk [Read more]
Carney, Trump attend dinner hosted by South Korean president
GYEONGJU - Prime Minister Mark Carney and U.S. President Donald Trump pointed and smiled at one another as they sat down to dinner together in South Korea on Wednesday, their first in-person interaction since Trump abruptly ended trade talks last week. They were among a small group world leaders invited to a dinner hosted by South Korean President Lee Jae-Myung. Signs on the table read that the dinner was in honour of Trump "and state leaders." World leaders are gathering in Gyeongju, [Read more]
Industrial carbon price a focus of Carney’s climate strategy consultations: sources
OTTAWA - Environment advocates say the federal government's consultations ahead of the release of its climate competitiveness strategy next week have focused in part on making industrial carbon pricing a cornerstone of the new plan. Two senior officials at national environmental advocacy groups who met with the federal ministers developing the plan in recent weeks say the emphasis on industrial carbon pricing in their discussions — and Prime Minister Mark Carney's commitment to it during the [Read more]
Sanctions-evading Russian oil ships could pollute the Arctic, PM’s adviser warns
OTTAWA - Some of Canada's allies are praising Ottawa's work on preventing Russia from smuggling oil through concealed ships — ships that Ottawa fears could someday unleash an environmental cataclysm in the Arctic. Canada and its allies have blacklisted more than 400 unregistered ships — known as shadow vessels — in just six months. The effort aims to starve Russia of funding for its war on Ukraine while preventing leaky ships from one day compromising Canada's Arctic environment. "The [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch for in the Canadian business world in the coming week: Bank of Canada The Bank of Canada is expected to make an interest rate announcement and release its fall monetary policy report on Wednesday. Most economists expect the central bank to cut its policy interest rate, even after inflation numbers last week came in higher than expected. Railway earnings Canada's big railway companies are expected to report their third-quarter results this week. Canadian [Read more]
Alberta’s latest pipeline push dredges up ghosts of projects past
CALGARY - Few are as acquainted with Canada's graveyard of defunct oil pipelines as Alex Pourbaix, a former executive at the company behind the Keystone XL and Energy East proposals. "You can see the scars on my back," he quipped at a news conference earlier this month, twisting his body at the lectern for emphasis. Pourbaix was on hand as the Alberta government announced plans to propose a new West Coast bitumen pipeline to the freshly created federal Major Projects Office, which aims [Read more]
Carney aims to sell Canada as reliable partner for trade in Southeast Asia
Prime Minister Mark Carney is pitching Canada as a reliable partner for Southeast Asia, one that's committed to rules-based trade at a time when U.S. President Donald Trump is rewriting global trade norms. He's heading to the Association of Southeast Asian Nations summit, known as ASEAN, seeking to drum up investment into Canada that will help achieve the nation-building plans that formed a central plank of the Liberals' election platform. In a speech previewing his government's first [Read more]
Premier Smith affirms Alberta’s 2050 net zero goal in testy committee appearance
OTTAWA - Alberta Premier Danielle Smith reiterated her province's commitment to becoming a carbon neutral economy by 2050 at a parliamentary committee on Thursday, where MPs are studying Canada's emissions reduction plan for the end of this decade. Her virtual appearance included testy exchanges as Bloc Québécois MP Patrick Bonin repeatedly demanded to know whether Smith believes in climate change. She suggested that as a Quebecer, he could not grasp the substance of one of Canada's biggest [Read more]
B.C. First Nations make legal challenges to huge Ksi Lisims LNG project
VANCOUVER - Two British Columbia First Nations are taking the federal government to court to quash a decision approving the Ksi Lisims floating natural-gas facility and marine export terminal. The Lax Kw'alaams Band and the Metlakatla First Nation filed separate judicial reviews in Federal Court earlier this month, alleging the Minister of Environment and Climate Change ignored their concerns about the adverse impacts of the massive LNG project. The Impact Assessment Agency of Canada [Read more]
Carney says ports, minerals key to his plan to double non-U.S. exports
OTTAWA - Building up port infrastructure and exporting more resources like the critical minerals in Ontario's Ring of Fire are key parts of Ottawa's plans to double non-U.S. exports, Prime Minister Mark Carney said Thursday. "Part of those strategies that are consistent with the goal are new energy and trade corridors," Carney told a news conference in Bowmanville, Ont. Carney announced Wednesday that he has set an "ambitious" goal of doubling Canada's non-U.S. exports over the next decade [Read more]
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