HALIFAX - A moratorium on oil and gas drilling on Georges Bank will be extended until the end of 2022 under legislation tabled by the Nova Scotia government.Energy Minister Michel Samson says the proposed bill mirrors legislation passed by the federal government in June.Samson says the moratorium is about protecting an area that is important to the province's fishery and overall economy.The moratorium has been in place since 1988.Located off southwestern Nova Scotia, Georges Bank is home to some [Read more]
Alberta regulator to hear arguments in Suncor’s hostile takeover bid of COS
CALGARY - Suncor Energy raised the stakes Thursday in its proposed hostile takeover of Canadian Oil Sands, saying it is willing to walk away if the Alberta Securities Commission upholds an extension to its deadline of Dec. 4 on whether to accept the deal.Steve Reynish, Suncor's executive vice-president of strategy and corporate development, testified that his company would not let its $4.5-billion all-stock offer stand if the regulator extends the 60-day deadline it set out when it made its [Read more]
National Energy Board to publish pipeline inspection reports online
CALGARY - The National Energy Board is making more information about the safety of pipelines it regulates available to the public.Starting immediately, inspection reports are going to be posted on the regulator's website.Chris Loewen, vice-president of operations at the board, says the watchdog does about 150 of those inspections a year.At one time, the NEB was a low-profile agency but it's been registering much higher on the public's radar in recent years amid controversy over new energy [Read more]
TransCanada’s exit from Alaska official; state’s project buyout complete
CALGARY - TransCanada Corp. has exited an Alaska liquefied natural gas project, with the state buying out the company's interest for US$64.6 million.In a special session earlier this month, the state legislature approved funding to take on a bigger stake in the project and, on Wednesday, Gov. Bill Walker announced the acquisition was now complete.A deal with the Alaska government in 2014 gave the state the right to buy out TransCanada's stake.Initial estimates for the project, which would pipe [Read more]
Alberta’s climate policy development ‘just a matter of talking’
EDMONTON - Alberta's new climate change policy is partly rooted in a series of low-profile dinner meetings that took place well before the election of Premier Rachel Notley and her fellow New Democrats.In 2014, the province's environmental reputation was creating increasing resistance to its energy products and the Progressive Conservative government of the day, led by Jim Prentice, had made it clear that something had to happen, said Chris Severson-Baker of the Pembina Institute."He actually [Read more]
Wall says Suzuki’s comments equating oil industry to slavery are ridiculous
REGINA - Saskatchewan Premier Brad Wall says remarks by environmentalist David Suzuki equating the oil industry to slavery are "ridiculous."Suzuki was responding to Wall's position that Canada needs to consider the economy when talking about reducing greenhouse gas emissions.Suzuki said in an interview Monday on SiriusXM’s "Everything is Political" with Evan Solomon that people in the southern Unites States argued in the 19th century that to eliminate slavery would destroy their economy.The [Read more]
Big corporate Christmas parties on the outs in Calgary as oil downturn continues
CALGARY - The era of the big-ticket corporate holiday bash appears to be on life support in Calgary."We produce events across North America and everywhere else we're fine, but in Calgary we're down 80 per cent," said David Howard, president of The Event Group, a party planning company in the city.In the past, Howard said, he's organized extravagant events in the city that cost upwards of a million dollars. But energy companies have since returned to reality and are spending far less — both [Read more]
Broad rules on $3B a year Alberta carbon tax could make it slush fund:opposition
EDMONTON - Alberta Premier Rachel Notley says her government will keep a tight rein on a multibillion-dollar carbon tax to make sure the money goes only to green programs and incentives.Notley says none of the money is to go to broader or unrelated expenditures, such as paying down the deficit and debt."Every cent that is collected by the carbon tax will be recycled back into the economy immediately," Notley told reporters Tuesday on a conference call."This is not a situation where we're going [Read more]
B.C. city loses Trans Mountain court battle, ordered to pay company’s costs
VANCOUVER - The City of Burnaby's bylaw battle against the Trans Mountain pipeline has been shut down by a B.C. Supreme Court judge who has declared that the National Energy Board rules take precedence over the city's.The Metro Vancouver city has tried to hamper preliminary planning in advance of laying the 1,100-kilometre-long pipeline between Alberta and coastal B.C. through two separate bylaws.But Justice George Macintosh said in a ruling posted online Monday that the National Energy Board [Read more]
Major oilsands operator Imperial still mulling over Alberta’s new climate plan
CALGARY - Prominent members of both Big Oil and the environmental movement have given their blessing to Alberta's sweeping new climate change plan.But as remarkable as it was for the likes of both oilpatch billionaire Murray Edwards, Canadian Natural Resources Ltd.'s chairman, and former U.S. vice president Al Gore, an outspoken advocate for tougher climate action, to back the plan, not everyone is singing its praises.One of the biggest producers in the oilsands, ExxonMobil Corp.-controlled [Read more]
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