MELFORT, Sask. - A First Nation in northern Saskatchewan says oil from the Husky Energy pipeline leak has shown up in the spawning grounds of an endangered species. Officials from James Smith Cree Nation say an oil plume and foam was discovered in the Saskatchewan River where lake sturgeon spawn. The Committee on the Status of Endangered Wildlife in Canada says the fish are an endangered species. Chief Wally Burns says the First Nation, about 60 kilometres east of Prince [Read more]
National Energy Board cancels first day of Energy East hearings after protests
MONTREAL -- The National Energy Board has cancelled the first day of Energy East hearings in Montreal after protesters broke into the downtown venue and started screaming and chanting. Montreal Mayor Denis Coderre was the first scheduled speaker this morning but instead walked out a few minutes after a man ran screaming towards the commissioners. He was grabbed by security but overpowered them and was joined by several other protesters who chanted, held hands and prevented proceedings from [Read more]
High Arctic Energy to buy Tervita’s 300-employee production services division
CALGARY - High Arctic Energy Services Inc. (TSX:HWO) has struck an agreement to buy the production services division of Tervita Corp., an environmental services company, for $42.8 million in cash. The deal would see High Arctic Energy Services acquire Tervita's fleet of 68 service rigs and related support equipment, as well as seven operational bases in Alberta. Tervita's production services staff of about 300 would join High Arctic Energy Services. The transaction [Read more]
Montreal mayor walks out of Energy East hearings after disruption by protesters
MONTREAL - Protesters forced the cancellation on Monday of the first day of hearings in Montreal into TransCanada's Energy East Pipeline project with police making three arrests. And the National Energy Board said in a statement that it was also postponing Tuesday's session because of the "violent disruption" that it said "threatened the security of everyone involved in the panel session." The board said it would release details Tuesday on the next meeting in Montreal. On [Read more]
NEB review hearing into Energy East Pipeline to begin in Montreal today
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]
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