VANCOUVER - Canada's natural resources minister is promising a new relationship with First Nations on energy development and indigenous leaders are expressing cautious optimism about the new Liberal government's tone.Jim Carr told a forum organized by the Assembly of First Nations on Wednesday that Aboriginal Peoples will be consulted meaningfully on resource projects and decisions will be based on science."We've opened the door for a new way of doing things, and I want to invite you in," he [Read more]
Federal shortfalls could total $90B over Liberals’ first mandate: bank study
OTTAWA - The country's dampened economic prospects could put the Liberal government on pace for $90 billion in deficits over its four-year mandate, a new report said Wednesday. Research by the National Bank of Canada predicts the public books will sink deeper into the red due to the combination of a hobbled economy and Liberal promises of billions in fiscal stimulus.The report offers a look at the degree of pre-budget fiscal pressure on the new government, which faces the dilemma of juggling [Read more]
Husky Energy issues more layoff notices, says step difficult but necessary
CALGARY - Slumping world oil prices continue to hit Calgary’s energy industry hard as more layoffs have been announced.Husky Energy (TSX:HSE) issued pink slips to 400 people arriving for work at the downtown Calgary office on Tuesday but there could be many more when cuts from their other locations are included.These layoffs are coming just a few months after Husky eliminated 1,400 jobs in October.At that time, more than 1,000 of those jobs were contractors but nearly 300 were full-time [Read more]
B.C. prepares to tackle housing costs, look into improper real estate conduct
VICTORIA - Premier Christy Clark says her government is concerned about high house prices in British Columbia and she's promising better opportunities for buyers to get into the market.Clark said Tuesday there is no single solution to soaring prices in some cities and it will take the combined efforts of the provincial and municipal governments to cool down the market.Housing was highlighted as a key government focus in a throne speech that outlined the political agenda for the coming months in [Read more]
Oil companies shouldn’t get federal cash to clean up oil wells: Saskatchewan NDP
REGINA - The Opposition NDP says federal money should not be used to help clean up oil wells in Saskatchewan because there are more important infrastructure projects to be done.Premier Brad Wall has pitched a proposal to Ottawa for $156 million to clean up old wells that aren't being used to help create jobs in the oil-and-gas sector.But NDP deputy leader Trent Wotherspoon says that money would flow to oil companies, which are required by law to clean up their own wells."Let's make sure that as [Read more]
COS, on brink of being taken over by Suncor, overhauls board, leadership team
CALGARY - Canadian Oil Sands Ltd., on the brink of being taken over by Suncor Energy, has overhauled its senior leadership team and board of directors.Ryan Kubik, who was CEO during the months-long takeover fight, and Donald Lowry, who was board chairman during that time, are no longer on the roster.The new CEO is Sandy Martin, vice-president of strategy and commercial development at Suncor (TSX:SU).Harry Roberts, the new board chairman, was a senior vice-president at Suncor before his [Read more]
Saskatchewan has idea to get laid-off oil workers cleaning up abandoned wells
REGINA - Saskatchewan wants the federal government to bankroll a program that would see oil and gas workers who have lost their jobs clean up abandoned and dormant wells.Premier Brad Wall says it would help stimulate employment in the oil-and-gas sector and accelerate environmental cleanup of wells that are no longer capable of production.Wall says he has pitched the proposal, which would cost Ottawa $156 million, to Prime Minister Justin Trudeau."Here is a chance for us to actually put people [Read more]
BHP Billiton puts up $20M for carbon capture research centre in Saskatchewan
REGINA - A multinational petroleum and mining company has invested $20 million to help establish a Saskatchewan-based centre to study carbon capture.Dean Dalla Valle of BHP Billiton says the research facility in Regina will build impetus for carbon capture projects internationally.Saskatchewan Premier Brad Wall announced the centre last fall.He says the technology is important because the world's fastest- growing countries still rely on coal.It's hoped the new centre will attract governments, [Read more]
Clark says B.C.’s economic engine needs cash from Ottawa to continue at top spot
British Columbia is Canada's only economic bright spot and the federal government needs to financially back mega-projects in the province that are good for the country, said Premier Christy ClarkClark met with Prime Minister Justin Trudeau Friday in Ottawa, where she said she pitched federal support for Metro Vancouver transit projects and a proposed billion-dollar upgrade of the hydro grid between B.C. and Alberta as a way to shut down Alberta's use of coal-fired power plants.The province needs [Read more]
Pipelines as political? Natural resources minister says it’s not a bad thing
CALGARY - The oilpatch often laments that the decision-making process for pipelines has become too political, but Canada's natural resources minister didn't shy away from that description when grilled in front of a Calgary business audience on Friday.During a question-and-answer session hosted by the Calgary Chamber of Commerce, Jim Carr said "of course" the process is a political one.The National Energy Board, an arms-length regulator, conducts hearings and makes recommendations on whether or [Read more]
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