BURNABY, B.C. - Anti-pipeline activists camped out on a mountain near Vancouver clashed with police Thursday, as the RCMP enforced a court injunction ordering protesters to clear an encampment and allow work related to a proposed expansion project by Kinder Morgan.Protesters had set up makeshift encampments blocking work crews from two sites on Burnaby Mountain, where Kinder Morgan has been conducting survey work related to its proposed Trans Mountain pipeline expansion project. The company [Read more]
TransCanada to accelerate pace of dividend growth over next few years, CEO says
CALGARY - Chances are good TransCanada will get into the rail business regardless of whether its long-delayed Keystone XL pipeline is built, CEO Russ Girling said Wednesday.But how big a rail player TransCanada becomes will depend on the fate of its proposal and others, he said.For several months, TransCanada has been floating the idea of a "rail bridge" while its US$8-billion cross-border pipeline remains in regulatory limbo.TransCanada is in "active negotiations" with shippers about moving [Read more]
Keystone pipeline down, but not out after Senate vote
WASHINGTON (AP) — Incoming Senate Majority Leader Mitch McConnell is promising the new Republican majority will quickly resurrect Keystone XL pipeline legislation killed by Democrats, potentially setting up an early 2015 veto confrontation with President Barack Obama. "I look forward to the new Republican majority taking up and passing the Keystone jobs bill early in the new year," the Kentucky Republican said Tuesday, shortly after the bill fell one vote short of the 60 votes needed to [Read more]
Keystone XL bill fails in Senate
WASHINGTON (AP) - The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate's 59-41 vote Tuesday night was a nail-biter to the end. The bill needed 60 votes to reach the White House. The House passed it overwhelmingly last week. President Barack Obama did not support the bill, but the White House has been mum on whether or not he will veto it. Democrat Sen. Mary Landrieu pushed for the vote in an effort to save her seat in a Dec. 6 runoff [Read more]
Alberta Premier Prentice disappointed U.S. senate vote on Keystone XL failed
EDMONTON - Alberta Premier Jim Prentice says he is disappointed the U.S. Senate failed to pass a bill authorizing the immediate construction of the Keystone XL pipeline.But Prentice says he is encouraged that the controversial line is gaining increased bipartisan support in the halls of the U.S. lawmakers.Prentice says he plans to travel to Washington in January, but no specific dates have been set.The Keystone bill failed by one vote, just days after the House of Representatives approved the [Read more]
Alberta RCMP say natural gas pipeline intentionally shot with high-powered rifle
HINTON, Alta. - RCMP in western Alberta are investigating the shooting of a natural gas pipeline but don't believe it was malicious.Mounties say the Talisman Energy pipeline was intentionally hit with one bullet from a high-powered rifle on the weekend.The line, located about 60 kilometres north of Hinton, leaked a large quantity of natural gas before safety devices shut it down.There was no explosion.Const. Steve Lundberg describes the shooting as isolated.He says it's common for people in the [Read more]
U.S. Senate debates Keystone XL before milestone vote on pipeline bill
WASHINGTON - The woman who almost forced U.S. President Barack Obama to make a decision on the Keystone XL pipeline stood quietly on the Senate floor as her plans went down in flames Tuesday.Democratic Sen. Mary Landrieu had pushed the chamber to take its first-ever vote on the pipeline after a half-decade of debate. The result was what Senate-watchers called the biggest nail-biter vote in years.She fell one vote shy of putting a pipeline bill on the president's desk — which would have forced [Read more]
Activist investor Sandell pushes for changes at TransCanada Corp.
CALGARY - An activist investor is urging pipeline and power giant TransCanada Corp. (TSX:TRP) to make big changes to its corporate structure in order to boost its share price.In a letter released Monday, Sandell Asset Management Corp. said the Calgary-based company hasn't made the most of its master limited partnership, TC Pipelines LP — a publicly traded vehicle with tax benefits into which TransCanada has been transferring some of its U.S. assets.It also wants TransCanada — the company behind [Read more]
Vermilion snags foothold in U.S. with deal in Wyoming’s Powder River Basin
CALGARY - Vermilion Energy Inc. (TSX:VET) has made its first foray south of the border and though it may be small at $11 million, a company executive said there could be meaningful growth ahead.Last week, Vermilion revealed an acquisition in northeastern Wyoming's "prolific" Powder River Basin. The transaction, with an unidentified seller, covers about 27,500 hectares of land, 98 per cent of which is undeveloped.The land includes a 70 per cent operated working interest in a tight oil project in [Read more]
Alberta legislature resumes amid low oil, critics eye return of bitumen bogeyman
EDMONTON - Alberta's provincial politicians begin their fall session this week with a reset legislative agenda and a new premier madly crunching numbers under the Damoclean sword of plunging oil prices.Opposition critics, meanwhile, say low oil means Albertans better brace for an encore of the bitumen bogeyman and opening night of the great Prentice promise pullback.The session begins Monday with a speech from the throne to outline the priorities and goals of Premier Jim Prentice's Progressive [Read more]
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