RICHMOND, B.C. - Federal cabinet has conditionally approved the $36-billion Pacific NorthWest liquefied natural gas project. Here are five things to know about the proposed project: The Players: Petronas, the Malaysian state-owned oil and gas giant, is leading the development. It has a 62 per cent stake in both the LNG processing facility on Lelu Island and the natural gas reserves in northeastern B.C. that would feed into it. Other partners include Sinopec with a 15 per cent [Read more]
Three federal cabinet ministers in B.C. set to announce decision on LNG plant
RICHMOND, B.C. - The federal government gave conditional approval Tuesday to the massive Pacific NorthWest LNG project planned for British Columbia's northwest coast. Environment Minister Catherine McKenna, Natural Resources Minister Jim Carr and Fisheries Minister Dominic LeBlanc travelled to Richmond, B.C., to announce their government's acceptance of what is expected to be one of the largest infrastructure investments in Canadian history. There are 190 legally binding [Read more]
Mi’kmaq protesters continue sit-in at construction site for gas storage project
FORT ELLIS, N.S. - A protest organizer says Mi'kmaq and local residents are continuing a sit-in this morning at the entrance of a construction site near proposed natural gas storage caverns in Nova Scotia. But Cheryl Maloney says that security workers and their food are being allowed in and out of the Alton Gas riverside construction site in Fort Ellis. On Monday, a small group of aboriginal protesters set up a chairs, tables and a canopy at the front entrance of the site about [Read more]
Alberta announces almost $100M in Heritage Savings Fund investments
EDMONTON - Alberta has announced close to $100 million in investments as part of its stated goal to further diversify the provincial economy. Economic Development Minister Deron Bilous says the money will be used to support job creation and innovation in the renewable energy and natural gas sectors. He says almost $46 million will to go TransAlta Renewables to expand developments in clean energy. Another $46 million will to Calfrac Well Services to further environmental [Read more]
Key dates this fall for federal decision-makers on energy and climate
OTTAWA - The fall of 2016 is shaping up as a period of crucial decisions by the federal government on climate policy and energy infrastructure. Here are some key dates: Sept. 20 — The federal government announced it would not seek leave to appeal to the Supreme Court of Canada on a ruling that impacted the Northern Gateway pipeline proposal and First Nations consultation. The Federal Court of Appeal overturned the conditional approval of the oil pipeline in June, ruling that Ottawa [Read more]
Federal decision is at hand for proposed LNG plant in northern B.C.
OTTAWA - Environment Minister Catherine McKenna has a final environmental assessment of the Pacific NorthWest LNG project in hand, with the federal Liberal cabinet set to meet Tuesday in the national capital. A decision from the Liberal government on the proposed $36-billion project in northern British Columbia must be made no later than next Monday. When it happens, it will mark the first true litmus test of how Prime Minister Justin Trudeau navigates competing interests between [Read more]
TransCanada bids US$848 million to buy rest of Columbia Pipeline Partnership
CALGARY - TransCanada Corp. (TSX:TRP) is offering about US$848 million cash to buy all the equity in Columbia Pipeline Partners LP that it doesn't already own, strengthening its grip on a pipeline network that stretches from New York to the Gulf of Mexico. The company's offer to other investors in the Houston-based limited partnership follows TransCanada's purchase of the Columbia Pipeline Group. That deal was valued at US$13-billion, including US$2.8 billion in debt. [Read more]
Clock ticking down on final decision for $36B Pacific NorthWest LNG project
CALGARY - Time is running out for the federal government to decide on whether to approve the Pacific NorthWest LNG project, which could open the way for one of the largest infrastructure investments in Canadian history. The legislated deadline for a decision on the Petronas-led, $36-billion liquefied natural gas project on British Columbia's north coast is Oct. 2, following numerous delays in the review process including a three-month extension earlier this year. The project has [Read more]
NEB says stalled review of Energy East Pipeline has cost $685,000
CALGARY - The National Energy Board says its review of the Energy East Pipeline cost at least $685,000 before members of the panel presiding over hearings into the development resigned, putting the exercise into limbo. Ninety per cent of the federal regulator's budget comes from the pipeline and energy companies it regulates, with the rest coming from public coffers. The figure includes costs from meetings with communities before the hearings began last month, the gathering of [Read more]
Latest water samples from oil-spill river show one is higher than guidelines
SASKATOON - The latest round of tests after an oil spill in the North Saskatchewan River has found one sample contained hydrocarbons that exceeded drinking-water standards. Patrick Boyle with the Saskatchewan Water Security Agency says 55 samples were taken. He says hydrocarbons are attaching to the sediment in the river and water treatment plants will be able to remove them. Boyle says 22 of the samples exceeded the limits for protection of aquatic life, which is two [Read more]
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