WINNIPEG - Energy is on the table as Western Canada's two NDP premiers meet today in Winnipeg.Manitoba Premier Greg Selinger and Alberta Premier Rachel Notley are set to discuss issues such as energy infrastructure, renewable energy and climate change priorities.Last month, Selinger promised to cut greenhouse gas emissions by one-third in the next 15 years and bring in a cap-and-trade system for the province's 20 largest emitters to help meet that goal.The government promised to create 6,000 [Read more]
TransCanada NAFTA challenge could break U.S. winning streak, experts say
CALGARY - As TransCanada prepares to launch a trade challenge over the rejection of the Keystone XL pipeline, the U.S. track record in similar disputes may not appear very encouraging for the Calgary-based company.TransCanada itself acknowledges that the U.S. has never lost a claim under the North American Free Trade Agreement, but has decided it's the right move after a "careful evaluation."Experts say the U.S. winning streak is no reason to discount TransCanada's chances.TransCanada (TSX:TRP) [Read more]
Cleanup efforts continue after leak from Newfoundland oil refinery
COME BY CHANCE, N.L. - Officials at Newfoundland's Come by Chance oil refinery are investigating the cause of a leak into Placentia Bay this week.Jamie Beach, the refinery's vice president of health, safety and the environment, says they don't believe the "oily product" had been leaking into the water long before it was discovered.The company says the spill was discovered Monday by an operations team at the dock, which found a broken section of pipeline and immediately deployed a containment [Read more]
Key dates in the history of TransCanada’s proposed Keystone XL pipeline
CALGARY - Since TransCanada Corp. first proposed the 1,897-kilometre Keystone XL pipeline, the project has been studied, stalled, slammed and hyped — all amid political pressure from interests on all sides of the debate. In the latest development, TransCanada on Wednesday announced it was launching a lawsuit in U.S. Federal Court alleging President Barack Obama exceeded his power under the U.S. Constitution as well as a claim under the North American Free Trade Agreement -- two actions in [Read more]
Deloitte says oil and gas prices to stay down as oversupply continues
CALGARY - Business consultancy Deloitte says an unexpected continuation of oversupply in both oil and natural gas will mean lower prices for longer. The firm is forecasting oil prices to average below US$50 a barrel for 2016 and 2017 as demand growth for oil slows before prices start a slow rise to US$80 a barrel by 2022.It also expects natural gas prices to stay low in the near term as natural gas storage levels sit at a five-year high and Canada is facing a potentially warmer winter this [Read more]
Shell-led joint venture obtains key permit for LNG facility in Kitimat, B.C.
VANCOUVER - A Shell-led joint venture company has obtained a key permit to build a liquefied natural gas export facility in northern British Columbia.LNG Canada is the first in the province to receive a facility permit from the B.C. Oil and Gas Commission. The document outlines the requirements for design, construction and operation of the proposed facility in Kitimat, B.C.Director of external affairs Susannah Pierce said it's a crucial development for the project, following environmental [Read more]
‘Entering a world that is going to be constrained:’ Alberta environment minister
EDMONTON - Climate isn't all that's changing in Alberta.The province's NDP government has arguably made bigger moves on global warming in six months than the previous Conservatives made in a generation. And the changes aren't going to stop.The details of the government's new climate change policy — carbon-price rebates and green infrastructure investments, for starters — will be at least partly thrashed out in the coming months as the government readies its spring budget. But that, says [Read more]
Split emerging in Saskatchewan NDP over sharing resource royalty revenue
REGINA - A decision to no longer pursue First Nations revenue sharing is leading to divisions within Saskatchewan’s NDP.Ryan Meili, a high-profile member of the party, took to social media this week to criticize NDP Leader Cam Broten’s decision to drop the party’s promise to share resource royalty revenue with First Nations.A post on Meili's Facebook page calls it a decision "that needs to be identified as an embarrassing step backwards."Meili lost to Broten by only 44 votes in the NDP’s most [Read more]
Vermilion Energy sees Irish gas field as key source of growth in 2016-17
CALGARY - Vermilion Energy (TSX:VET) says the Corrib offshore natural gas in Ireland began producing for the first time on Wednesday.The Calgary-based company expects output to rise over six months and Vermilion's share will peak at 58 million cubic feet per day, the equivalent of 9,700 barrels per day of oil.Vermillion has an 18.5 per cent interest in the Corrib project, which is a joint venture with Shell E&P Ireland Ltd. (45 per cent) and Statoil Exploration Ireland Ltd. (36.5 per cent). It [Read more]
Trudeau faces looming ‘stranded assets’ debate in confronting climate policy
OTTAWA - When star NDP candidate Linda McQuaig mused during the opening days of the federal election campaign that some of Alberta's oil wealth would have to "stay in the ground" in order to meet Canada's climate change targets, the remark was treated as a scandalous revelation by her political opponents.Yet McQuaig, known for her sometimes polarizing and provocative views, arguably was simply stating 2015's middle-of-the-road orthodoxy.From the governor of the Bank of England, to the U.S. [Read more]
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