EDMONTON - Premier Rachel Notley says entrepreneurism is the key to Alberta's economic revival and one never knows where another Silicon Valley will spring up.Notley told about 2,000 people at what was billed as a state-of-the-province address that innovation can come from unexpected places.She noted that tech giants such as Apple and Google got their start in garages, and that oilsands technology unlocked billions of dollars in wealth for Alberta."It's a powerful example of what can happen when [Read more]
TransCanada nixes export terminal in Quebec for Energy East Pipeline
Quebec will no longer host an oil export terminal for TransCanada's controversial Energy East Pipeline, the Calgary-based company announced Thursday.Six months after abandoning a proposal to build a terminal northeast of Quebec City, TransCanada said it would amend its proposal to the National Energy Board to include a new route for the pipeline.The company made the decision after "conducting thorough studies and consulting with many local communities," Energy East president John Soini said in [Read more]
Enbridge: delay in getting Line 9 into service will put 2015 earnings at low end
CALGARY - Enbridge Inc. is investing $750 million in a U.K. offshore wind project as it sees green power playing a bigger role in the global energy mix.The Calgary-based company (TSX:ENB), best known for its vast North American network of oil pipelines, says it sees opportunity to grow its renewables business in Europe.It's partnering with a company called E.ON in the 400-megawatt Rampion Offshore Wind Project.Enbridge will have just under a quarter interest in the development 13 kilometres off [Read more]
Alberta to release part of its climate-change plan a week before Paris meeting
EDMONTON - Alberta Premier Rachel Notley says her government hopes to release substantial parts of its climate-change policy about one week before she leaves later this month for a global conference in Paris.Notley said the province's plan will include very significant changes that will put Alberta on what she calls a progressive and balanced path forward."We are going to do what we think we can do to improve our record in a way that not only supports Albertans but supports Albertans for [Read more]
Alberta premier spars with opponents over layoffs; says no “magic wand” to fix it
EDMONTON - Alberta Premier Rachel Notley is accusing the opposition of being naive and ratcheting up the fear meter over job losses in the lagging economy."It would be lovely to wave a magic wand and create 40,000 jobs out of nowhere," Notley told the house Tuesday, tracing imaginary circles in the air with her finger."God knows that group of folks never did it," she added, referring to the Progressive Conservatives, who promised for years while in government to wean the economy off its [Read more]
Keystone XL pipeline postponement bid ups pressure on Energy East proposal
OTTAWA - Keystone XL is dead! Long live Energy East!Like a game of pipeline whack-a-mole, a bid by TransCanada Corp., to suspend its controversial, north-south Keystone XL pipeline proposal has elevated the west-east Energy East pipeline plan to the top of Canada's political agenda."With Keystone now delayed, even more important we approve Energy East," Saskatchewan Premier Brad Wall posted on his Twitter account Tuesday while the U.S. State Department was still chewing over TransCanada's [Read more]
Alberta premier says climate change key to progress on Keystone pipeline
EDMONTON - Alberta Premier Rachel Notley says progress on addressing climate change is the key to getting pipelines built.She made the comment a day after TransCanada Corp. asked the U.S. government to put a hold on the company's permit application for the Keystone XL pipeline.The line would take Alberta crude across the United States to refineries and ports on the Gulf Coast.The line has been a flashpoint of controversy given its economic potential versus potential harm to the [Read more]
Wall says Keystone delay will have impact; underscores need for Energy East
REGINA - Saskatchewan Premier Brad Wall says a delay in the proposed Keystone XL pipeline underscores the importance of the Energy East pipeline.Wall says without a pipeline, more oil will be transported by rail, which he argues brings a higher safety risk.Keystone XL would carry crude from Canada to the Gulf Coast, but the company involved has asked the U.S. government to temporarily suspend the application.TransCanada Corp. says it needs more time as it deals with legal wranglings over the [Read more]
Mayor of town where Keystone would begin says it’s not the only game in town
HARDISTY, Alta. - The mayor of the southeast Alberta community where the Keystone XL pipeline would begin says news that TransCanada Corp. has asked the U.S. government to temporarily suspend its application comes as a blow.Anita Miller calls the move "really unfortunate" and says it's going to affect "lots and lots of people" in Hardisty, Alta., particularly in support businesses such as gas stations, hotels and restaurants.But she adds Keystone is not the only game in town. While activity has [Read more]
Newfoundland and Labrador introduces new generic royalty regime for offshore oil
ST. JOHN'S, N.L. - The Newfoundland and Labrador government released details of its new generic offshore oil royalty regime on Monday, saying the simplified system will make the province more competitive on the world stage.Natural Resources Minister Derrick Dalley said the new framework will see royalty rates increase as fields become more profitable, but he insisted the new generic regime will also provide a more predictable starting point for energy companies.Under the old regime, the province [Read more]
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