OTTAWA - The National Energy Board is making it easier for whistleblowers to confidentially report issues at pipelines and facilities under the federal regulator's watch.The board announced new procedures Tuesday aimed at revamping the tracking and handling of confidential tips on non-compliance for regulated companies — eventually allowing tipsters to do so online once the system is up and running."Protecting the safety of workers, the public and the environment is the National Energy Board's [Read more]
National Energy Board says final report on Energy East to be out by March 2018
MONTREAL - The National Energy Board's final report on the Energy East pipeline project should be completed by March 2018, the federal regulator announced Tuesday.Consultations with communities along the proposed pipeline route will begin this August and a preliminary timeline has the report being issued 19 months later.The fate of the pipeline ultimately rests with the federal government, which will take the NEB's final report into account before announcing a decision on the project.Ottawa will [Read more]
Notley heading to Washington, D.C. to extol Alberta’s climate-change plan
EDMONTON - Alberta Premier Rachel Notley says she is going to Washington, D.C., this week to spread the word on her government's climate-change plan.Notley says Alberta taking steps to reduce its carbon footprint is a story that needs to be emphasized with decision-makers and those with reach and influence."This is simply about going to Washington to ... improve Alberta's reputation and educate people about the changes we are bringing about through the climate leadership plan," Notley said [Read more]
Husky Energy selling sells 65% interest in some midstream assets for $1.7B
CALGARY - Husky Energy (TSX: HSE) says it is selling 65 per cent of its ownership interest in some midstream assets in the Lloydminster region of Alberta and Saskatchewan for $1.7 billion in cash.Husky says that after the sale to Cheung Kong Infrastructure Holdings Ltd. and Power Assets Holdings Ltd. it will retain a 35 per cent interest in the assets and remain the operator.The assets include about 1,900 kilometres of pipeline in the Lloydminster region, 4.1 million barrels of oil storage [Read more]
Alberta credit rating downgraded to double-A from triple-A due to rising debt
EDMONTON - Alberta's credit rating has taken another hit.Moody's Investor Service announced Monday it has downgraded Alberta's long-term debt rating to double-A1 from triple-A and has given it a negative outlook.It's the second downgrade from a rating service since the province released its budget on April 14 that included removal of its debt ceiling and a forecast of $58 billion in debt by 2019. Moody's says the downgrade "reflects the province's growing and unconstrained debt burden, extended [Read more]
Alberta finance minister looking to boost budget with investors
EDMONTON - Alberta Finance Minister Joe Ceci has received some bad news on the first day of a trip to meet with investors and credit-rating agencies.Ceci is in Toronto and it was during one of those meetings that Moody's Investor Services downgraded Alberta's credit rating to double-A1 from triple-A.Moody's cited the Alberta government's growing and unconstrained debt burden and extended timeline to get its books back in the black.It also said the outlook for growth is subdued.As well, the [Read more]
Notley’s pleas to federal cabinet on pipelines and EI make no immediate headway
KANANASKIS, Alta. - Alberta Premier Rachel Notley's pleas to the federal cabinet to give the province a pipeline and enrich employment insurance seem to be gaining little traction.Notley met with Prime Minister Justin Trudeau privately on Sunday and then addressed about half the cabinet at the beginning of a three-day retreat in Kananaskis, Alta.But on Monday morning, even as ministers said the meeting with Notley was productive, there were no signs that anything was changing for the [Read more]
National Energy Board to deliver ruling on Line 3 replacement pipeline into U.S.
CALGARY - A National Energy Board panel has decided it's in the national interest for Enbridge Inc. to proceed with the largest project in the company's history, which could enable hundreds of thousands more barrels of Canadian crude to flow into the U.S. a day.The federal watchdog is recommending Ottawa approve the Canadian portion of the Line 3 Replacement project, saying it is not expected to cause significant environmental harm. However, it has attached 89 conditions.The whole $7.5-billion [Read more]
Trudeau, ministers to discuss Alberta’s reeling economy during cabinet retreat
KANANASKIS, Alta. - Prime Minister Justin Trudeau and his 30 ministers holed up Sunday at a luxury mountain resort in Alberta to discuss the devastation wrought by plunging oil prices on the province's economy.Premier Rachel Notley met privately with Trudeau and then gave a detailed presentation to about half the cabinet in the evening at which she drove home the message that a healthy Alberta economy is a necessary precondition for robust national economic growth.She spoke of the desperate need [Read more]
No jobs: Engineering students face tough market in wake of oil downturn
CALGARY - Shady Hashem travelled part way around the world to study as a mine engineer in Canada, at times paying triple the local tuition and working at a call centre to put himself through school, only to graduate in one of the worst job markets in recent memory. "There's no jobs," says Hashem, 28."I talk to a lot of engineers, and the expected time to get a job is between six months and a year."He came to Calgary to look for work after finishing classes at Halifax's Dalhousie University in [Read more]
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