Environmentalists have asked a court to declare invalid a group of Arctic offshore energy exploration permits that are delaying the creation of Canada's third national marine protected area.On Monday, the World Wildlife Fund filed a lawsuit in Federal Court alleging that 30 permits held by Shell Canada at the eastern gate of the Northwest Passage lapsed decades ago."There's no indication they've ever been renewed," said Ian Miron, the group's lawyer.The federal government and regional Inuit [Read more]
Alberta NDP scraps plan for tax credits to woo employers to create jobs
EDMONTON - Alberta's NDP government has scrapped a plan that was intended to create up to 27,000 jobs this year by rewarding businesses that hired new employees.The incentive program once hailed by Premier Rachel Notley planned to offer tax credits worth $89 million in the first year for businesses putting new people to work.Hiring was to be encouraged by refunding 10 per cent of each new employee's salary to a maximum salary of $50,000.Economic Development Minister Deron Bilous said employers [Read more]
Veresen seeks new U.S. regulatory hearing on request for Jordan Cove LNG project
CALGARY - Veresen Inc. (TSX:VSN) is making another attempt to get U.S. regulatory approval for the Jordan Cove liquefied natural gas project.The Calgary-based company confirms that it has asked the U.S. Federal Energy Regulatory Commission to reconsider its opposition to the terminal and an associated pipeline to Oregon's coast at the port of Coos Bay.The U.S. energy regulator rejected the application on March 11, in part because Veresen didn't have signed sales contracts.In the following weeks, [Read more]
Keystone pipeline reactivated at low pressure following spill in South Dakota
SIOUX FALLS, S.D. - Oil is flowing once again through the Keystone pipeline after a leak in South Dakota caused a shutdown that lasted more than a week.TransCanada says in a news release that the cross-border line was restarted Sunday following permission that was granted by the Pipeline and Hazardous Materials Administration in the U.S.The company says the line will operate at a reduced pressure as part of the plan that was approved to return it to service.The leak, which was reported April 2, [Read more]
Federal New Democrats spurn Notley, agree to debate anti-pipeline manifesto
EDMONTON - Federal New Democrats spurned the pleas of their Alberta brethren and signalled a desire to shift their party back to the left Sunday by agreeing to explore the merits of a manifesto that calls for more drastic action to combat climate change.Adoption of the principles of the Leap Manifesto came just hours before delegates to the NDP's national convention voted to replace leader Tom Mulcair, who led the party to a disappointing third-place finish in last fall's election on a moderate, [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch this week in Canadian business:Tax evasion: Revenue Minister Diane Lebouthillier is slated to make an announcement Monday in Ottawa on new initiatives to combat tax avoidance and tax evasion in the wake of last week's Panama Papers data leak on offshore banking activity.CRTC: The country's telecommunications watchdog kicks off a second round of public hearings on Internet and telecom services on Monday in Gatineau, Que. The CRTC is also unveiling a map that gives a [Read more]
A few facts about the Leap Manifesto
OTTAWA - The Leap Manifesto is a document that calls for a radical restructuring of the economy as Canada swiftly moves toward ending the use of fossil fuels. It was crafted by best-selling author Naomi Klein and her husband, documentary filmmaker Avi Lewis, and released last September in the midst of the federal election campaign.During that campaign, NDP Leader Tom Mulcair touted his party as a moderate, pragmatic alternative to the Conservatives, promising to balance the federal budget, to [Read more]
A few facts about the Leap Manifesto
OTTAWA - The Leap Manifesto is a document that calls for a radical restructuring of the economy as Canada swiftly moves toward ending the use of fossil fuels. It was crafted by best-selling author Naomi Klein and her husband, documentary filmmaker Avi Lewis, and released last September in the midst of the federal election campaign.During that campaign, NDP Leader Tom Mulcair touted his party as a moderate, pragmatic alternative to the Conservatives, promising to balance the federal budget, to [Read more]
TransCanada hopes to restart Keystone on Sunday after leak in South Dakota
SIOUX FALLS, S.D. - TransCanada says it hopes to restart its Keystone pipeline on Sunday after a leak in South Dakota forced it to shut down the cross-border line for the past week.Mark Cooper, a spokesman for Calgary-based TransCanada (TSX:TRP), says repairs to the pipeline were completed on Saturday afternoon after the area where the leak occurred was excavated and U.S. regulators approved a plan to fix it.Cooper says there's still aerial observation that crews want to do, and the company is [Read more]
Veresen Inc ties up half of Jordan Cove LNG output with second buyer
CALGARY - Veresen Inc. says it has tied up half the output of the proposed Jordan Cove liquefied natural gas project after signing on another potential buyer.The Calgary-based company (TSX:VSN) said Friday that it had signed a preliminary 20-year agreement with Japanese commodities trader Itochu Corp. for 1.5 million tonnes per year of liquefied natural gas.The deal is addition to the agreement it reached with Japanese utilities joint venture JERA in March that, together with the Itochu deal, [Read more]
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