EDMONTON - Jacking up Alberta's carbon tax is the best way to reduce the province's greenhouse gas emissions from power generation, says a government-funded analysis obtained by The Canadian Press.Charging large emitters up to $50 a tonne for carbon emissions — an almost 70 per cent increase — would produce the best result, says the report by an international economic consultancy.But that price would also raise electricity costs more than any other option considered, the Brattle Group [Read more]
Kinder Morgan files new report to NEB touting benefits of proposed pipeline
CALGARY - Kinder Morgan has filed new reports to the National Energy Board touting the economic benefits of its proposed Trans Mountain pipeline expansion, replacing evidence that the regulator ordered removed from the record last month.The filings include an 89-page market analysis by Dallas consulting firm Muse Stancil and an updated Conference Board of Canada tally of the project's broader economic spinoffs.Muse Stancil estimates $73.5 billion (in 2012 dollars) will be added to producers' [Read more]
NEB delaying review of Kinder Morgan’s pipeline expansion project
CALGARY - The National Energy Board says it needs more information before proceeding with a review of Kinder Morgan Canada's Trans Mountain pipeline expansion.The board says in a news release that it is going to implement an "excluded period" for the review, beginning last week and lasting until Jan. 8, 2016.Its recommendations were to have been handed down on Jan. 26 but the delay means a new deadline of May 20 next year.The board did not specify what additional information it was seeking.The [Read more]
Alberta Premier Notley wants to see at least one ‘drama-free’ pipeline project
CALGARY - Alberta's premier says she wants at least one new "drama-free" pipeline built that will carry the province's oil to new markets.Rachel Notley told delegates to an Alberta Urban Municipalities Association convention on Thursday that she plans to achieve that through ongoing discussions with British Columbia, Ontario and Quebec.It is essential for Alberta, with its reliance on resource revenue, to get access to overseas customers, she said.Canada's premiers signed a Canadian Energy [Read more]
TransCanada warns layoffs coming as oil downturn squeezes customers
CALGARY - Employees at TransCanada were informed this week that more job cuts are coming as part of a major overhaul that includes shedding a fifth of senior leadership positions from the pipeline and power company."Falling oil prices and the current environment are having a profound impact on our customers and we must do all we can to drive down costs and pursue our projects more efficiently and strategically," spokesman James Millar said in an emailed statement."We are now introducing [Read more]
Calfrac Well Services cuts dividend by 75% as it grapples with oil, gas downturn
CALGARY - Calfrac Well Services Ltd. (TSX:CFW) is cutting its dividend by 75 per cent, the second reduction this year in response to low oil and natural gas prices.The Calgary-based company provides specialized oilfield services to increase production of wells drilled in western Canada, the United States, Russia, Argentina and Mexico.Calfrac says its next payout to shareholders will be about 1.5 cents per common share, payable Oct. 15, down from 6.25 cents per share paid on July 15.The dividend [Read more]
Saskatchewan government says rejection of Keystone XL pipeline seems likely
REGINA - One of the biggest backers of the Keystone XL pipeline is acknowledging that the project is likely doomed to fail.The Saskatchewan government is expecting Keystone's (TSX:TRP) demise after American Democratic presidential contender Hillary Clinton said she opposes it.Clinton said Tuesday that the project has been a distraction and she doesn't believe it's in the best interests of what needs to do be done to combat climate change.Saskatchewan Economy Minister Bill Boyd says he's not [Read more]
Imperial squeezing “staggering” savings from suppliers by stoking competition
CALGARY - Imperial Oil says it has been able to achieve "staggering" savings in the oilsands by stoking competition between suppliers.When crude prices began their steep descent late last year, Imperial held a "reverse auction" for earth-moving contracts at its Kearl oilsands mine north of Fort McMurray, Alta., CEO Rich Kruger told investors and analysts Wednesday.Firms vying for Imperial's business sought to outbid each other for the lowest price."We don't tell folks how long the auction's [Read more]
Conference Board outlook paints bleak picture for Alberta in 2015
CALGARY - Finance Minister Joe Oliver's assertion that there has been no recession in Canada this year is of little solace in Alberta."It reminds me of that legend of Nero fiddling while Rome burned," said Keith Brownsey, a political scientist at Calgary's Mount Royal University."Apparently there's no recession," Brownsey scoffed. "You tell that to people in this town right now."Oliver made his pronouncement on the recession in an interview with The Associated Press on Wednesday."We don't [Read more]
‘Dirtiest fuel’: Clinton makes Canadian oil an election issue
WASHINGTON - A campaign promise by Hillary Clinton rippled across the border into Canada's federal election on Wednesday, with parties responding to her call for a broad, North American climate-change plan.She released a policy paper that proposed climate negotiations among Canada, the U.S. and Mexico, one day after she announced her opposition to the Keystone XL pipeline.The position paper from the presidential contender added a new wrinkle to a pipeline issue that has already inserted itself [Read more]
- « Previous Page
- 1
- …
- 400
- 401
- 402
- 403
- 404
- …
- 543
- Next Page »