MONTREAL - The National Energy Board's review of the Energy East Pipeline is heading into what could be hostile territory when hearings resume today in Montreal. First up to speak will be Mayor Denis Coderre, who has called for the hearings to be suspended after questioning their impartiality. The Energy East project is a 4,500-kilometre pipeline that would see crude oil transported from Alberta to Eastern Canada. Many politicians and activists in Quebec have opposed the [Read more]
NEB review hearing into Energy East Pipeline heads to hostile territory
MONTREAL - The National Energy Board's review of the Energy East Pipeline heads to hostile territory Monday when it resumes in Montreal, where the city's mayor has called for the process to be suspended. Denis Coderre, who has long opposed the $15.7-billion project, is scheduled to be the first to speak at the public hearings. But he has said he is "not comfortable" with the review following revelations that former Quebec premier Jean Charest met last year with the board chairman [Read more]
Quebec coalition of businesses and unions in favour of Energy East pipeline
MONTREAL - A coalition of business groups and large unions came out together in defence of TransCanada's Energy East pipeline project Friday and said it will spur economic development and job creation. Representatives from several business federations and two construction unions made their announcement just days before the National Energy Board holds hearings on the pipeline on Monday in Montreal. Union head Michel Trepanier said workers stand to benefit for five years from [Read more]
Notley says her budget plan is working
EDMONTON - Premier Rachel Notley says her government will stick with its economic plan despite a budget deficit of almost $11 billion, but will alter course if necessary. Notley made the comments Friday as she renewed her attack on the 2015 election platform of former Progressive Conservative premier Jim Prentice. "The key is to stay in line with the projections that we put in place and the slow reduction of the deficit over time in a responsible way that allows the public [Read more]
Canadian banks shake off oilpatch fears, report better-than-expected earnings
TORONTO - Panic about how the oil price shock could affect the banks' bottom lines has subsided, as several of the country's largest financial institutions reported better-than-expected third-quarter results. CIBC (TSX:CM) reported that its quarterly profit climbed nearly 50 per cent from a year ago to $1.44 billion, although much of the jump came from the sale of its minority stake in American Century Investments. Without the gains from the sale, the bank says its profit was up [Read more]
Saskatchewan agency update on water tests from river affected by Husky oil spill
REGINA - Cleanup of an oil spill along the North Saskatchewan River will be put on hold as water levels are expected to rise by up to two metres in the coming days, a provincial government spokesman said Thursday. Increased flows caused by unusually heavy rainfall west of Edmonton are making their way east. Peak levels at the Alberta-Saskatchewan boundary are expected late Friday or early Saturday. "Some cleanup activities will be temporarily discontinued. Some of the shoreline [Read more]
Notley urges patience as Alberta deals with multibillion-dollar deficits
EDMONTON - Alberta Premier Rachel Notley is urging patience as her government grapples with a budget deficit projected to hit almost $11 billion this year While the situation is bad, it would have been far worse if her NDP party had lost the last election to the Progressive Conservatives, Notley said in a spirited speech to Unifor union members at their convention in Ottawa on Wednesday. "Our province, we know, cannot run deficits indefinitely," Notley said. "We know that. We're [Read more]
Newfoundland boasts about latest oil and gas data from the Orphan Basin
ST. JOHN'S, N.L. - The Newfoundland and Labrador government has delivered some encouraging news about its potential offshore oil and gas resources, saying new seismic data is pointing to huge reserves in West Orphan Basin. Premier Dwight Ball announced Wednesday that an independent assessment of nine parcels in the basin found they could contain 25.5 billion barrels of oil and 20.6 trillion cubic feet of gas. The Canada-Newfoundland and Labrador Offshore Petroleum Board, which [Read more]
NEB to consider response to bias perceptions on Energy East panel
CALGARY - The National Energy Board says it is accepting written comments on motions calling for two of three people to step down from a panel reviewing the Energy East Pipeline over perceptions of bias. The move follows revelations, first reported by the National Observer, that panel members Jacques Gauthier and Lyne Mercier met privately with Jean Charest early last year while he was a consultant for TransCanada (TSX:TRP), the company behind the $15.7-billion Energy East project. [Read more]
Prince Albert lifts water restrictions in place after Husky oil spill
PRINCE ALBERT, Sask. - All water restrictions have been lifted in a city that was forced to close its water intakes after an oil spill on the North Saskatchewan River. The city of Prince Albert says it's confident there is ample supply from two temporary water pipelines, so residents can start watering lawns, washing vehicles and filling pools. People were told to conserve water after a Husky Energy pipeline leak last month spilled up to 250,000 litres of oil mixed with a lighter [Read more]
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