CALGARY - Pembina Pipeline Corp. and two partners have given the go-ahead to the Greenlight Electricity Centre, a natural gas plant serving a data centre customer. Pembina, Morgan Stanley Infrastructure Partners and Kineticor Asset Management expect the cost of the project to come in at $4.6 billion. The 932-megawatt plant would be built in Sturgeon County, part of Alberta's Industrial Heartland region north of Edmonton, with startup targeted for the second half of 2030. Data centres [Read more]
Alberta Premier Smith set to announce details of West Coast oil pipeline
CALGARY - Alberta Premier Danielle Smith is expected to give details today about her government's proposed million-barrel-a-day oil pipeline project to the West Coast. Smith inked an agreement with Prime Minister Mark Carney last fall. Their memorandum of understanding pledges to pave the way for a bitumen pipeline to the West Coast. It is tied to progress on a major carbon capture network by the province's biggest oil producers. Smith's announcement comes as the province prepares to [Read more]
Application portal opens for $100 affordability payments for Albertans
EDMONTON - Albertans can start applying today for $100 from the provincial government to help deal with the high cost of living. Premier Danielle Smith announced earlier this month that residents can get the cash instead of the province reducing its tax on gasoline at the pumps. Smith said cuts to gas taxes don't always get passed on to customers. Last week, the province officially changed its fuel tax relief regulations to make way for the payments. Nearly 3.4 million adults are [Read more]
Alberta planning post-Canada Day pipeline announcement
CALGARY - It's the Alberta government's self-imposed deadline to submit its proposal for a new West Coast oil pipeline to the federal major projects office. But since it's Canada Day, the province is waiting a day to make what it calls a "major announcement," while Energy Minister Brian Jean is also set to deliver a speech at the Calgary Petroleum Club on Thursday. Prime Minister Mark Carney is set to be in Alberta this week as well, with the Calgary Stampede set to begin on Friday. The [Read more]
Alberta’s Smith is shrugging off UCP backbencher’s condemnation of MOU with Ottawa
EDMONTON - Alberta Premier Danielle Smith's office is shrugging off a United Conservative backbenchers' public opposition to the government's deal with Ottawa to get an oil pipeline built. Smith has long pointed to the memorandum of understanding as proof the country can work, arguing that it can help tamp down separatist sentiment as her province readies for a fall referendum on the prospect of eventually pulling out of Confederation. But, UCP MLA Jason Stephan says Smith's agreement with [Read more]
$87B Quebec plan aims for 77% of energy consumed in province by 2050 from renewables
VARENNES, QUÉBEC - The Quebec government says it wants 77 per cent of the energy consumed in the province by 2050 to come from renewables, up from the current 48 per cent. Energy Minister Bernard Drainville made the comments as he announced the province's 25-year resource management plan in Varennes, Que., northeast of Montreal. Describing the goal as ambitious, Drainville says by 2050 Quebec's share of energy from fossil fuels will drop to 23 per cent from 52 per cent. Getting there [Read more]
Alberta poised to make West Coast pipeline announcement later this week
CALGARY - The Alberta government is poised to make an announcement about its plans for a new West Coast oil pipeline later this week. Sam Blackett, press secretary to Premier Danielle Smith, says there will be a "major announcement" on Thursday to share new details about the province's submission to the federal major projects office. The major projects office was established a year ago to speed along infrastructure deemed in Canada's national interest. Alberta is acting as a proponent [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch for in the Canadian business world in the coming week: Holiday trading It's an abbreviated trading week for stock markets this week. The Toronto Stock Exchange will be closed for trading on Wednesday for the Canada Day holiday, while stock markets in the U.S. will be closed on Friday in observance of the July Fourth holiday which lands on a Saturday this year. Alberta pipeline The Alberta government is aiming to deliver a submission for a new West Coast [Read more]
B.C. premier visiting China to pitch LNG project as province’s ‘really big fish’
VANCOUVER - British Columbia Premier David Eby says his first-ever trade trip to China will focus on pitching the province's forestry products and energy sector around LNG development, and that he approaches the mission with both excitement and caution. Eby spoke to reporters Saturday at Vancouver International Airport before jetting off for the trip, which will see him visit Beijing, Shanghai and Guangzhou. Eby said China is the province's second-largest trading partner, and the [Read more]
Dredging of Vancouver’s Burrard approved to make room for big oil tankers
VICTORIA - The Vancouver Fraser Port Authority says it has received all federal permits to allow for the dredging of Vancouver's Burrard Inlet, making room for larger oil tankers loading up from the Trans Mountain pipeline. The agency says the dredging along northern and southern edges of the navigation channel underneath Vancouver’s Second Narrows bridge will start in September, but it could not say how long the work will take. The authority responsible for Canada's largest port says the [Read more]
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