CALGARY - The Alberta Energy Regulator says it has saved industry hundreds of millions of dollars in recent years through a host of process tweaks and efficiency measures, more than offsetting levies companies pay to fund the provincial watchdog.AER spokeswoman Carrie Rosa said the cost-saving tally for industry over the 2015-16 fiscal year came in at between $411 million and $448 million, exceeding its target of $400 million. In the previous year, the savings were $267 million, surpassing a [Read more]
Saskatchewan’s Wall and Trudeau continue to spar over EI program changes
EDMONTON - Saskatchewan Premier Brad Wall renewed his attack Wednesday on Justin Trudeau's employment insurance changes but the prime minister said the issue boils down to "cold, hard mathematics."Wall praised the extensions to EI coverage for 12 areas hit hard by the resource downturn, but questioned why the government employed a straight-up regional statistical cutoff rather than helping people in specific industries, such as oil and gas."It's not a lot, but it's certainly a step in the right [Read more]
TransCanada asks Quebec judge to reject request for Energy East injunction
MONTREAL - TransCanada will have to fight just one injunction request related to its Energy East pipeline project after a court ruling Wednesday.An environmental law group, acting on behalf of several organizations, was seeking an injunction to force TransCanada (TSX:TRP) to be subject to Quebec's Environment Quality Act.But Quebec Superior Court Justice Martin Castonguay ruled the legal proceedings can be folded into a similar court action that has been launched by the Quebec government.Quebec [Read more]
Economy will take years to adjust to commodity price decline: Bank of Canada
OTTAWA - Using its "best guess," the Bank of Canada predicts the economy will take more than two years to fully adjust to the commodity price shock.Lynn Patterson, the central bank's deputy governor, said in a speech Wednesday that tumbling oil and other resources prices have translated into losses of about $1,800 for every Canadian.The bank has watched the impact of lower incomes expand to the point that next year it could become the "dominant source of drag" on the economy, Patterson said.A [Read more]
McKenna won’t say if Canada can develop oilsands and meet climate targets
MONTREAL - Canada's environment minister wouldn't say on Tuesday how her government plans to meet its climate change commitments and also green-light new pipeline projects.Catherine McKenna told reporters after a luncheon speech to the Montreal Council on Foreign Relations that Canada needs to de-carbonize its economy but stressed it won't happen overnight."We have made a lot of investments in green technology and clean technology and that's the direction of our government," she said. "But it's [Read more]
New Brunswick government won’t lift fracking moratorium until conditions met
FREDERICTON - New Brunswick's energy and mines minister says the province won't lift a moratorium on hydraulic fracturing until all the government's conditions are met.Donald Arseneault says the government is reviewing the report of a shale gas review committee that took almost a year to study the issue."At the same time, our principles don't change. We set out five conditions out there and said we're not going to move on hydraulic fracturing unless those five conditions are met," Arseneault [Read more]
Prime Minister Justin Trudeau to talk about employment insurance in Calgary
CALGARY - Prime Minister Justin Trudeau pushed back at critics who say changes made to employment insurance to help the struggling energy sector don't go far enough.Trudeau said in an interview with Global Calgary that people in Edmonton and Saskatchewan who complain of being left out of changes to the program should feel fortunate their areas have not been harder hit by the downturn in energy prices."I think that both people in Edmonton and Saskatchewan should be pleased that they are not hit [Read more]
Business groups to urge New Brunswick government to end fracking moratorium
FREDERICTON - A collection of business groups is calling on the New Brunswick government to lift its fracking moratorium, but opponents say it's a last ditch effort to save a failing industry.The business groups have called a news conference for Tuesday in Fredericton to make their case."When you look at the unemployment levels being as high as they are — almost 10 per cent unemployment in New Brunswick — certainly there are a lot of families in New Brunswick who could use the jobs at a time [Read more]
Activists want to see more environment talk in Saskatchewan election
REGINA - Anyone in Ottawa who thinks the outcome of next week's Saskatchewan election could rid the country of a premier who opposes a carbon tax should think again.Current Premier Brad Wall — one of the loudest voices against a national carbon tax — is riding high in the polls heading into Monday's election.But Opposition NDP Leader Cam Broten doesn't like the idea either, so opposition to the tax wouldn't be likely to change if he were to pull off a surprise win next Monday."I don't support an [Read more]
Oil patch woes give federal Liberals cold feet on cutting fossil fuel subsidies
OTTAWA - Now is not the time to phase out fossil fuel subsidies, Natural Resources Minister Jim Carr said Wednesday, despite what a Liberal cabinet colleague is billing as the greenest federal budget ever.The big-spending fiscal blueprint is dotted with environmental measures, ranging from green infrastructure and transit funding to clean technology research and development, inter-regional electricity co-operation, wastewater treatment and help for remote communities reliant on diesel power [Read more]
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