EDMONTON - Alberta's provincial politicians begin their fall session this week with a reset legislative agenda and a new premier madly crunching numbers under the Damoclean sword of plunging oil prices.Opposition critics, meanwhile, say low oil means Albertans better brace for an encore of the bitumen bogeyman and opening night of the great Prentice promise pullback.The session begins Monday with a speech from the throne to outline the priorities and goals of Premier Jim Prentice's Progressive [Read more]
Alberta premier shrugging off negative comments from U.S. president on Keystone
BANFF, Alta. - Alberta's premier isn't concerned about negative comments from U.S. President Barack Obama regarding the Keystone XL pipeline.Jim Prentice says the Republican-controlled House of Representatives' passing a bill to approve the US$8-billion pipeline that would carry bitumen from Alberta to refineries and ports in Texas is good forward momentum.He says there is a tougher road ahead when it goes to the Senate and hopefully to the U.S. president for approval.Obama questioned the [Read more]
Saskatchewan premier ‘hopeful’ after Keystone pipeline bill clears hurdle
REGINA - Saskatchewan's premier says he's hopeful that the Keystone XL oil pipeline will be approved now that it has cleared a major hurdle in the U.S. legislative process.The Republican-controlled House of Representatives has passed a bill to approve the US$8-billion pipeline that would carry bitumen from Alberta to refineries and ports in Texas.And supporters have said they are confident they'll have the 60 votes needed when the bill goes before the Senate next week.Brad Wall says there is [Read more]
US House of Representatives overwhelmingly passes Keystone XL bill
WASHINGTON – The Republican-controlled House of Representatives has passed legislation to approve the Keystone XL oil pipeline from Canada to Texas, and the Senate may follow next week. The House voted 252-161 on a bill sponsored by Republican Rep. Bill Cassidy of Louisiana. The pipeline has been stalled by environmental reviews, objections to its route and politics for six years. But the latest bid by House Republicans has the best chance of reaching President Barack Obama’s [Read more]
Energy giant wins injunction to rid anti-pipeline activists from B.C. site
VANCOUVER - Activists facing off against energy giant Kinder Morgan have been ordered off a Metro Vancouver conservation site by a B.C. Supreme Court judge who also noted the importance of considering citizens' opposition to activities they view as destructive.Associate Chief Justice Austin Cullen granted the company an injunction Friday, saying a group of anti-pipeline protesters must dismantle encampments on Burnaby Mountain by 4 p.m. Monday."It is, of course, important to consider the [Read more]
Saskatchewan premier says Obama will hurt Democrats if he vetoes Keystone XL
REGINA - Saskatchewan Premier Brad Wall says lobbying in the U.S. to approve the Keystone XL pipeline appears to be paying off.The U.S. House of Representatives is preparing to vote on TransCanada Corp.'s (TSX-TRP) pipeline on Friday.If approved, the bill would then move to the Senate and then to U.S. President Barack Obama.The US$8-billion line would take bitumen from Alberta diagonally across the continent to refineries and ports in Texas.Wall, who supports the project, says Obama would hurt [Read more]
A list of pipeline projects in Canada that have been the subject of controversy
OTTAWA - Mounting opposition from environmentalists and in his home province of Quebec has not quelled NDP Leader Tim Mulcair's enthusiasm for a west-east pipeline across Canada. Here are a few other controversial pipeline projects in the country:Keystone XLKeystone XL is a proposed 1,897-kilometre pipeline that would carry crude oil from Hardisty, Alta., to Steele City, Neb., where it would link up with other pipelines that run to the Gulf Coast and the U.S. Midwest.The pipeline would carry an [Read more]
Energy East still most viable option for moving Alberta oilsands crude: Mulcair
OTTAWA - Tom Mulcair's enthusiasm for a west-to-east oil pipeline has not dimmed, despite mounting opposition among environmentalists and provincial politicians in the NDP's home base of Quebec.A west-east pipeline still makes the most sense of any proposal for pumping Alberta's oilsands crude to tidewater, the NDP leader says.But it has to be done right, Mulcair warns — with a rigorous, transparent environmental review process and legislation to force oil companies to pay for the pollution they [Read more]
Prentice cautiously optimistic as Keystone pipeline faces key U.S. House vote
EDMONTON - Alberta Premier Jim Prentice says he is encouraged there appears to be increasing bipartisan support in the United States for the Keystone XL pipeline.Prentice says he remains cautiously optimistic about the pipeline's future as the House of Representatives prepares to vote on the project Friday.If approved, a bill on TransCanada Corp.'s (TSX:TRP) Keystone proposal would move to the Senate and then to U.S. President Barack Obama.The US$8-billion line would take bitumen from Alberta [Read more]
Oil rout deepens; price drops 4 pct to below $75 on high global supplies, unlikely OPEC cut
NEW YORK - The price of oil took another sharp tumble Thursday as it appeared increasingly unlikely that OPEC members will cut production to staunch a plunge in prices that is entering its fifth month.The lower oil prices are squeezing the revenue and profit of oil companies, but are still expected to give a lift to the U.S. economy because airlines, shippers, and consumers are paying much less for fuel."Gasoline is an input to almost everything that is made in this economy," said Michael Noel, [Read more]
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