VICTORIA - Premier Christy Clark has said she will bill British Columbia as an environmental leader at the upcoming world climate change summit in Paris. But her own government-commissioned report concludes the province will miss its legislated greenhouse gas reduction targets.In the report released Friday, a climate leadership team concluded the province will fail to meet its 2020 targets and recommends focusing emission-reduction targets for 2030 and 2050.The team — appointed by Clark's [Read more]
CNRL chair Edwards says Alberta royalty system should be simplified
LAKE LOUISE, Alta. - The chairman of one of Canada's biggest oil and gas companies says there's room for improvement in Alberta's royalty system.Murray Edwards of Canadian Natural Resources Ltd. (TSX:CNQ) says there's not much room to change the amount the province charges for the right to exploit oil and natural gas on Crown land.Rather, the prominent oilpatch financier says it's more about the way the regime is designed.Speaking to reporters at a conference in Lake Louise, Alta., Edwards said [Read more]
Suncor and COS clash at Alberta Securities Commission for second day
CALGARY - Final arguments in Suncor Energy's hostile bid for Canadian Oil Sands played out before Alberta regulators on Friday, with lawyers for COS insisting shareholders need more time to consider their options, while those for Suncor said time for its takeover target is running out.David Tupper, lawyer for Suncor Energy, told the Alberta Securities Commission that it should overturn the COS plan to give its shareholders 120 days to consider Suncor's $4.5-billion all-stock takeover [Read more]
Bill would extend drilling moratorium on Nova Scotia’s Georges Bank until 2022
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]
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