VANCOUVER - The Federal Court of Appeal has overturned Ottawa's approval of the Northern Gateway project, concluding that Canada fell short in its duty to consult with aboriginals. Here's an update on the status of major pipeline proposals in Canada: Northern Gateway: Enbridge's $7.9-billion Northern Gateway project would bring 525,000 barrels a day of oilsands crude through a 1,177-kilometre pipeline from northeast of Edmonton to Kitimat, B.C., for shipping to [Read more]
Northern Gateway pipeline approval stymied after court quashes approval
VANCOUVER - A pipeline proposal more than a decade in the making has suffered a major setback after a court revoked the federal government's approval for the project to link Alberta's oilsands to British Columbia's north coast, saying Ottawa failed in its duty to consult with aboriginal people. In a split decision released Thursday, the Federal Court of Appeal quashed approval for Enbridge's $7.9-billion Northern Gateway project. The judgment says the government neglected to [Read more]
Working like a dog: keen canine noses sniff out leaking pipelines
CALGARY - Duke has the scent. The white-gold lab lopes through a field, pulling his owner, Ron Mistafa, behind him. It takes about a minute for the pooch to circle through the tall grass and hone in on the spot where Mistafa has buried a small jar of crude oil. "Atta boy!" Mistafa says to Duke, who is digging away the dirt covering the jar. Mistafa tosses the dog his reward for a job well done: A rubber ball to chew on. For about two decades, Mistafa has run [Read more]
Depressed oil prices help push Alberta deficit up to $6.4B last fiscal year
EDMONTON - The Alberta government says depressed oil prices and a shrinking economy pushed its deficit up to $6.4 billion last year — $324 million higher than expected. Revenues for the fiscal year that ended March 31 were down more than anticipated due mainly to lower oil revenue and a reduced take in corporate and personal income taxes. The government's annual financial report says Alberta's economy contracted by 3.7 per cent in 2015. Spending increased for health care [Read more]
Three Amigos to align on climate, clean energy plan, says White House
OTTAWA - A North American-wide commitment to cut methane emissions and a pledge to get half the continent's electricity generation from renewable sources will anchor the Three Amigos summit this week, White House officials said Monday. When the leaders of Mexico, the United States and Canada convene in Ottawa on Wednesday, the "central focus" will be climate and clean energy, said Brian Deese, senior adviser to President Barack Obama. "We find ourselves now in a moment where the [Read more]
Researchers predict 1 million barrels per day of oilsands growth by 2025
CALGARY - A U.S. research organization says Canada's oilsands companies will gradually switch from new projects to expansion of existing operations as production grows over the next nine years to 3.4 million barrels a day from 2.4 million at present. Kevin Birn, director for IHS Energy, said Monday that construction of new oilsands projects approved by before the fall in oil prices in 2014 will add 600,000 barrels a day of production by 2020. Another 400,000 barrels per day will [Read more]
Standard & Poors downgrades Saskatchewan credit rating due to budget concerns
REGINA - Low natural resource prices have prompted Standard & Poor's to downgrade Saskatchewan's credit rating to double-A-plus from triple-A. The agency says the move reflects the impact that "persistently low natural resource prices, in particular oil and potash, have had and are expected to continue having" on the province's budget. "I'm not pleased about that obviously," Finance Minister Kevin Doherty said Monday at the legislature. "But we're working hard towards our [Read more]
Connacher Oil and Gas extends deadline for court-supervised bid submissions
CALGARY - Connacher Oil and Gas Ltd. (TSX:CLC) has extended the bid deadlines for the sale of its oilsands leases and extraction plants by two weeks, at the request of interested parties. The Calgary-based company is operating under court protection from creditors as it deals with depressed prices for oil and its limited ability to raise capital. Prospective buyers originally had until June 30 to submit initial non-binding letters of intent. That has been extended to July 14, [Read more]
TransCanada takes next step to get $15 billion for Keystone XL rejection
CALGARY - TransCanada Corp. is moving forward with its attempt to seek more than $15 billion compensation under the North American Free Trade Agreement following the U.S. government's rejection of the company's proposed Keystone XL pipeline. The Calgary-based company made a formal request for arbitration from the International Centre for Settlement of Investment disputes under the trade deal on Friday, after giving notice of its intention to make the claim back in January. The [Read more]
Alberta’s Notley speaks about climate plan to Trans Mountain Pipeline panel
EDMONTON - Alberta Premier Rachel Notley says she told an environmental review panel on the Trans Mountain Pipeline that her province is doing its bit to control greenhouse gas emissions. Notley says she told the three-member panel that Alberta's climate plan will cap oilsands emissions to 100 megatonnes and phase out coal-fired electricity by 2030. "Alberta has done its own homework and is on it," Notley told reporters at the legislature Thursday, after meeting with the panel [Read more]
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