WASHINGTON - Alberta's new premier began her campaign to rehabilitate the reputation of her province's oilsands in the United States, where it was battered by the debate over the Keystone XL pipeline.Rachel Notley walked a Washington audience through the climate-change measures taken by her new NDP government; she also described her province as home to nature-lovers who care about the environment and about being good global citizens."I'm sure you've heard a lot about our province, especially the [Read more]
Suncor Energy CEO says hard to see more major growth projects on the horizon
CALGARY - The head of Suncor Energy is outlining a near-term future without major growth projects as Canada's largest oilsands company focuses on lower costs and reducing its environmental footrprint.CEO Steve Williams told investors at the company's annual general meeting Thursday that Suncor is taking a more disciplined approach to growth, citing the deferral of projects like the MacKay River Expansion, a steam-driven oilsands development in northeastern Alberta, and the White Rose offshore [Read more]
Trudeau pushes back on pipeline criticism while on trip to Saskatchewan
SASKATOON - The prime minister pushed back Wednesday at federal Conservatives critical of his position on pipelines, as he visited Saskatchewan where the premier is pressing for action.Low energy prices are battering the province's economy and have Premier Brad Wall's government in the red, but Justin Trudeau opted to repeat his often-used line that the Conservatives had years to build a pipeline while in government and couldn't get it done."I have been crystal clear for years now on pipelines," [Read more]
Cenovus reports $118M first-quarter loss, says cost cutting plan on track
CALGARY - Senior executives at oilsands giant Cenovus Energy Inc. are sharing their employees' pain by taking lower pay in light of low commodity prices that contributed to a first-quarter loss of $118 million.Cenovus has cut its overall head count by 31 per cent since the end of 2014 and employees this year will see lower allowances and benefits going forward after getting bonus reductions in 2015, the company said Wednesday. This year, 440 staff and full-time contractor positions have been [Read more]
Rona Ambrose calls on prime minister to provide clarity on pipeline policies
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]
Petroleum services group talks oilwell cleanup, pipelines with federal ministers
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
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]
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