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Rona Ambrose calls on prime minister to provide clarity on pipeline policies

April 26, 20169:36 PM The Canadian Press0 Comments

REGINA - The interim leader of the federal Conservatives is calling on Prime Minister Justin Trudeau to take a clear stand and explain his policy on pipeline approval.Rona Ambrose and Trudeau were both in Saskatchewan on Tuesday, with Trudeau spending time with aboriginal leaders in Fort Qu'Appelle and Ambrose touring a steel plant and meeting business leaders in Regina.She told a provincial radio show on CJME/CKOM that the uncertainty of Trudeau's positions are not good for job creation or [Read more]

Keystone XL

Petroleum services group talks oilwell cleanup, pipelines with federal ministers

April 26, 20164:12 PM The Canadian Press0 Comments

CALGARY - The head of an oil and gas industry group says he remains hopeful that efforts to clean up dormant wells in Alberta may eventually get some federal support, spurring some much-needed employment in the province.Mark Salkeld, with the Petroleum Services Association of Canada, made his remarks Tuesday after meeting with Environment Minister Catherine McKenna and Natural Resources Minister Jim Carr in Calgary.The association asked Ottawa in March for $500 million in infrastructure money to [Read more]

National Energy Board introduces rules on treating whistleblower complaints

April 26, 20162:53 PM The Canadian Press0 Comments

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]

TransCanada

National Energy Board says final report on Energy East to be out by March 2018

April 26, 20162:17 PM The Canadian Press0 Comments

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]

TransCanada

Notley heading to Washington, D.C. to extol Alberta’s climate-change plan

April 26, 20161:46 PM The Canadian Press0 Comments

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]

Carbon Tax

Husky Energy selling sells 65% interest in some midstream assets for $1.7B

April 25, 20163:59 PM The Canadian Press0 Comments

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]

Husky Energy

Alberta credit rating downgraded to double-A from triple-A due to rising debt

April 25, 20161:09 PM The Canadian Press0 Comments

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

April 25, 201610:06 AM The Canadian Press0 Comments

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

April 25, 20169:55 AM The Canadian Press0 Comments

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]

Northern Gateway

National Energy Board to deliver ruling on Line 3 replacement pipeline into U.S.

April 25, 20167:54 AM The Canadian Press0 Comments

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]

Enbridge Keystone XL TransCanada

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