CALGARY - A new survey shows small and medium-sized businesses in Alberta will slash spending more than expected this year as the oil downturn hits every level of the province's economy. The government-owned Business Development Bank of Canada says smaller businesses in the province plan to invest about $11 billion this year, 27 per cent less than last year.That compares with a 14 per cent increase in planned spending in British Columbia, and either flat or modest growth in spending across the [Read more]
Alberta supports new federal pipeline review rules to help get pipelines built
EDMONTON - Alberta Environment Minister Shannon Phillips says that she stands behind any federal government plan that will bolster the chances of getting pipelines built.Phillips was responding to new initiatives announced by Ottawa surrounding resource projects, including two pipelines to get Alberta crude to ports so it can be sold overseas.Federal reviews of those projects must now take into account upstream greenhouse gas emissions.Ottawa also extended the review periods for the Trans [Read more]
Five Things to know about Ottawa’s new review process for resource projects
OTTAWA - Five things to know about pipeline approvals in Canada:— National Energy Board hearings on Kinder Morgan twinning its Trans Mountain pipeline are almost over; the government is extending the deadline for a decision by four months, pushing it to next December, to allow for an examination of the greenhouse gas emissions created during the extraction and processing of oil destined for the new line. In the case of TransCanada's controversial Energy East project, for which hearings have not [Read more]
Crude oil prices to surpass US$100 by 2040, National Energy Board says
TORONTO - Energy consumption and greenhouse gas emissions in Canada will continue to grow over the next 24 years regardless of whether oil prices rise or pipeline projects are built, a report from the National Energy Board says."Scenarios like high or low oil and natural gas prices, or whether or not we build pipelines or we build LNG terminals ... are not sufficient to put Canada on a path to declining greenhouse gas emissions," said board chairman and CEO Peter Watson, who presented the [Read more]
Federal government to announce new transition rules for assessing pipelines
OTTAWA - The Liberal government is poised to announce new rules today for assessing major resource projects such as oil pipelines.A technical briefing is being scheduled for news media before Natural Resources Minister Jim Carr announces the new process this afternoon.Liberals say the new rules will cover a transition period that will include existing pipeline applications already in the works.Those includes Kinder Morgan's proposed twinning of the TransMountain pipeline in British Columbia and [Read more]
B.C. LNG minister says ‘we’re not afraid’ of federal environmental tests
VICTORIA - British Columbia's minister in charge of liquefied natural gas is heading to Ottawa for talks on how the federal government's promised changes to environmental reviews will impact the province's plans for a multibillion dollar LNG industry."We're not afraid, frankly," Natural Gas Development Minister Rich Coleman said Tuesday. "We're the guys who put in the carbon tax. We've been ahead of this curve. We've put in rules to make our LNG the cleanest in the world." Federal Natural [Read more]
‘I’m done’ — Laid off oil and gas workers seek employment outside industry
CALGARY - For 36 years, Sue Jones rode out the ups and downs of Alberta's oilpatch. But after she was laid off last March, she knew her days in the oil and gas industry were over."I'm done," said Jones, 56, who worked in data management and document control before she was let go."I'm older. I've been laid off so many times in oil and gas."Great pay and plenty of jobs attracted thousands to the province, but as the decline in crude prices stretches on, some industry veterans are deciding they can [Read more]
Alberta big city mayors say Energy East pipeline too important for politics
EDMONTON - Alberta's big city mayors want science — not politics — to drive the debate over the proposed Energy East oil pipeline.Calgary Mayor Naheed Nenshi says he welcomes comments from Prime Minister Justin Trudeau on Tuesday that energy companies deserve the chance to prove the merits and safety of the pipeline through the regulatory process.Trudeau made the remarks after meeting with Montreal Mayor Denis Coderre, a spokesman for Quebec municipal leaders who oppose the pipeline crossing [Read more]
Economists say Energy East pipeline vital to New Brunswick economy
FREDERICTON - The growing national divide over the Energy East pipeline couldn't come at a worse time for New Brunswick, which is already beset by a series of economic blows and needs a major project to create much needed jobs and revenue to turn around a flagging economy."It looks bad," said University of New Brunswick economist David Murrell."It is a dark week we went through, and I'm hoping there can be an effective lobby set up to get the Canada East pipeline through," he said.New Brunswick [Read more]
StatCan revisions show 2015 worst year for Alberta jobs losses since 1982
CALGARY - Alberta lost more jobs last year than in any year since 1982, when the province was in the throes of a deep recession, Statistics Canada said Tuesday.The government agency released revised figures showing that Alberta had a net loss of 19,600 jobs in 2015, up from the 14,600 job losses it estimated in early January.That was much higher than the 17,200 jobs lost in 2009 and the most since 1982, when the province shed 45,000 jobs. At that time, the province was reeling from a recession [Read more]
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