VICTORIA - A Vancouver Island First Nation exploring the potential of locating a liquefied natural gas export plant on its treaty lands expects a lucrative future financial offer to be part of the negotiations.Chief Robert Dennis of the Huu-ay-ayt First Nation near Port Alberni did not specify a financial amount, but said Friday the recent $1.1-billion offer to a northwest B.C. First Nation to support a proposed LNG project near Prince Rupert sets the stage for LNG talks.Vancouver-based [Read more]
Oil industry touts technology investment in submission to Alberta climate panel
CALGARY - The oil and gas industry wants investment in emissions-busting technology to play a big role in Alberta's climate change strategy.The Canadian Association of Petroleum Producers has made its submission to the five-member panel working on a broad plan to reduce the province's greenhouse gas emissions."If we want to find the balance between increasing investment and production of energy here in Alberta and more responsible performance on the climate side, it'll be technology that bridges [Read more]
Mayor of oilpatch capital says stop blaming industry for everything
FORT MCMURRAY, Alta. - The mayor of Alberta's oilpatch capital says she wishes Edmonton's mayor and police chief would stop blaming her area for the city's rising crime rates.Melissa Blake, mayor of the Regional Municipality of Wood Buffalo, says she’s disappointed with Edmonton Police Chief Rod Knecht and Mayor Don Iveson and would welcome their apology for comments they made this week.Knecht said he will be asking city council for 80 more officers, saying a spike in crime could be linked to a [Read more]
Pipeline battle could set tone for future government, aboriginal relations
VANCOUVER - First Nations fighting to block the Northern Gateway pipeline project say a long-awaited court hearing that began Thursday will set the tone for aboriginal relations with the next federal government.Eight indigenous bands, four environmental groups and a labour union are in Vancouver's Federal Court of Appeal trying to overturn the government's approval of the $7-billion plan to ship diluted bitumen from Alberta's oilsands to British Columbia's coast.Speaking just before the start of [Read more]
ATB Financial predicts mild recession for Alberta this year
CALGARY - Alberta's economy is likely going to get worse before it gets better, says the chief economist of regional financial services group ATB Financial."It is probably going to be another eight to 12 months of pretty tough sledding for Albertans," Todd Hirsch said during a news conference Thursday announcing the bank's fourth-quarter outlook.The latest outlook sees Alberta in a recession for 2015 with a 0.7 per cent contraction of real GDP, a more pessimistic view than in early July when the [Read more]
Premier Notley says Trans Mountain pipeline may need new terminal for support
CALGARY - Alberta Premier Rachel Notley says Kinder Morgan Inc. may need to move the proposed terminal for the Trans Mountain pipeline expansion to win support for the project.Speaking at a Bloomberg Live conference in New York, Bloomberg reported Wednesday that Notley said it could be better if the terminal were shifted further south rather than following the current pipeline's route through Burnaby in British Columbia's lower mainland.Notley said a port near the Tsawwassen ferry terminal in [Read more]
First Nations’ challenges of Northern Gateway pipeline to be heard in court
VANCOUVER - Multiple legal challenges aimed at overturning the federal government's approval of the Enbridge (TSX:ENB) Northern Gateway pipeline will be heard starting Thursday.The challenges are expected to bring new scrutiny to the government's environmental approval process and its responsibility to consult with aboriginal groups.Eight First Nations, four environmental groups and one labour union launched the legal actions, which will be heard at the Federal Court of Appeal over six days in [Read more]
Alberta’s outgoing U.S. representative blasts NDP on last day of his contract
EDMONTON - Alberta's outgoing senior representative to the United States took some parting shots at the NDP government on the final day of his contract.Rob Merrifield said Wednesday that Premier Rachel Notley's decision to dismiss him comes as Washington grapples with key economic and trade issues that are critical to the province.He said those include the proposed Keystone XL oilsands pipeline and the U.S. country-of-origin meat-labelling law.Merrifield said now is not the time to send mixed [Read more]
CPPIB to invest $1 billion for energy infrastructure in Western Canada
TORONTO - Canada's largest pension fund manager is committing $1 billion for energy infrastructure acquisitions in Western Canada, in partnership with a private Calgary-based firm with expertise in the sector.Canada Pension Plan Investment Board said Wednesday it will provide the funding for mid-stream acquisitions that will be identified and evaluated by Wolf Infrastructure Inc.Their focus will be on processing facilities, gathering systems, pipelines, storage facilities and terminals used by [Read more]
BP bullish about plans to drill in deep water off Nova Scotia
HALIFAX - Energy giant BP is committed to plans to drill a deep-water oil exploration well off the coast of Nova Scotia within two years even if the price of crude remains at current levels, a company official said Tuesday.Rob O'Connor, BP's exploration manager for Canada, said the high-risk venture has reached the environmental assessment stage and remains on track to have a test well drilled about 230 kilometres southeast of Halifax in 2,000 to 3,000 metres of water by July 2017."In the [Read more]
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