OTTAWA - "There wasn't a kilometre of pipe built in Canada between 2011 and October the 19th, 2015. That's the record. That's the reality." — Natural Resources Minister Jim Carr, Feb. 3, 2015. --- Late last month, the federal government added new criteria to the approval process for major resource projects, while putting off a decision on two proposed oil pipelines for several months. The Liberals say they want to improve access to overseas markets for western Canada's landlocked oil [Read more]
Figures on greenhouse gas emissions in Canada
MONTREAL - Some figures on Canada and Quebec greenhouse gas emissions and reduction targets as the battle rages over the future of the Energy East pipeline project:Canada's 2013 emissions: 726 megatonsPercentage of total global emissions: 1.6 per centQuebec's 2013 emissions: 82.6 megatons— — —Emissions per sector of Canadian economy (2013)Oil and gas: 179 megatonsTransportation: 170 megatonsBuildings: 86 megatonsElectricity: 85 megatonsAgriculture: 75 megatonsSource: Environment and Climate [Read more]
TransCanada must overcome Quebec identity politics in quest to build Energy East
MONTREAL - On a recent visit to Montreal, the head of Energy East was all smiles as he spoke about how his company is listening to Quebecers' concerns about the deeply divisive pipeline project.If John Soini listens carefully, however, what he hears might make him frown.The company behind Energy East, TransCanada (TSX:TRP), says it is confident it can address worries about spills, explosions and the perceived lack of economic benefits for communities along the proposed pipeline route from [Read more]
Draft environmental review of proposed B.C. LNG project released
VANCOUVER - Canada's environmental review body says greenhouse gas emissions from a proposed liquefied natural gas facility on British Columbia's north coast pose a significant ecological threat.The Canadian Environmental Assessment Agency released its draft environmental assessment report on Wednesday for Pacific NorthWest LNG's planned $36-billion export terminal on Lelu Island, south of Prince Rupert.The report found the project alone would produce 5.28 million tonnes of carbon dioxide [Read more]
Carr promises First Nations collaboration on energy development
VANCOUVER - Canada's natural resources minister is promising a new relationship with First Nations on energy development and indigenous leaders are expressing cautious optimism about the new Liberal government's tone.Jim Carr told a forum organized by the Assembly of First Nations on Wednesday that Aboriginal Peoples will be consulted meaningfully on resource projects and decisions will be based on science."We've opened the door for a new way of doing things, and I want to invite you in," he [Read more]
Federal shortfalls could total $90B over Liberals’ first mandate: bank study
OTTAWA - The country's dampened economic prospects could put the Liberal government on pace for $90 billion in deficits over its four-year mandate, a new report said Wednesday. Research by the National Bank of Canada predicts the public books will sink deeper into the red due to the combination of a hobbled economy and Liberal promises of billions in fiscal stimulus.The report offers a look at the degree of pre-budget fiscal pressure on the new government, which faces the dilemma of juggling [Read more]
Husky Energy issues more layoff notices, says step difficult but necessary
CALGARY - Slumping world oil prices continue to hit Calgary’s energy industry hard as more layoffs have been announced.Husky Energy (TSX:HSE) issued pink slips to 400 people arriving for work at the downtown Calgary office on Tuesday but there could be many more when cuts from their other locations are included.These layoffs are coming just a few months after Husky eliminated 1,400 jobs in October.At that time, more than 1,000 of those jobs were contractors but nearly 300 were full-time [Read more]
B.C. prepares to tackle housing costs, look into improper real estate conduct
VICTORIA - Premier Christy Clark says her government is concerned about high house prices in British Columbia and she's promising better opportunities for buyers to get into the market.Clark said Tuesday there is no single solution to soaring prices in some cities and it will take the combined efforts of the provincial and municipal governments to cool down the market.Housing was highlighted as a key government focus in a throne speech that outlined the political agenda for the coming months in [Read more]
Oil companies shouldn’t get federal cash to clean up oil wells: Saskatchewan NDP
REGINA - The Opposition NDP says federal money should not be used to help clean up oil wells in Saskatchewan because there are more important infrastructure projects to be done.Premier Brad Wall has pitched a proposal to Ottawa for $156 million to clean up old wells that aren't being used to help create jobs in the oil-and-gas sector.But NDP deputy leader Trent Wotherspoon says that money would flow to oil companies, which are required by law to clean up their own wells."Let's make sure that as [Read more]
COS, on brink of being taken over by Suncor, overhauls board, leadership team
CALGARY - Canadian Oil Sands Ltd., on the brink of being taken over by Suncor Energy, has overhauled its senior leadership team and board of directors.Ryan Kubik, who was CEO during the months-long takeover fight, and Donald Lowry, who was board chairman during that time, are no longer on the roster.The new CEO is Sandy Martin, vice-president of strategy and commercial development at Suncor (TSX:SU).Harry Roberts, the new board chairman, was a senior vice-president at Suncor before his [Read more]
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