VANCOUVER - Two legal challenges were filed Friday against the federal cabinet's approval of the Northern Gateway pipeline.The Gitxaala (git-HAT'-lah) First Nations, who hail from the North Coast of British Columbia, filed an application for judicial review with the Federal Court of Appeal.Ecojustice filed a separate application on behalf of ForestEthics Advocacy, Living Oceans and the Raincoast Conservation Foundation.The environmental groups are asking for a court order quashing the approval [Read more]
NEB says it will weigh Imperial, Chevron’s Arctic spill response plans
CALGARY - The National Energy Board has agreed to give two big energy companies more clarity over whether their plans to deal with a potential well blowout in the Beaufort Sea are adequate.Imperial Oil Ltd. (TSX:IMO) and Chevron Canada Ltd. had asked the board for more certainty before committing huge amounts of money to explore in Arctic waters.The NEB requires companies to show they can kill a ruptured oil well in the Arctic offshore with a relief well in the same season it's drilled — a [Read more]
Northeast B.C. blaze causing trouble for shale gas producers in area
CALGARY - Talisman Energy Inc. (TSX:TLM) says a wildfire burning in northeastern B.C. has forced the evacuation of its Ojay gas plant and shut in about 2,000 to 3,000 barrels per day of production. Spokesman Brent Anderson says authorities issued an evacuation order on Wednesday and that relatively few workers are affected. He says the fire is burning about 12 kilometres from the facilities, which are south of Dawson Creek. Meanwhile, Shell Canada Ltd. says it has also shut in a few [Read more]
Oil price gives up most gains of previous day as supply worries continue to ease
The price of oil began to fall again on Friday, giving up most of the gains it had made the previous day in the first rally in two weeks.Benchmark U.S. crude for August delivery was down 54 cents to $102.37 a barrel at 0815 GMT in electronic trading on the New York Mercantile Exchange. The contract closed up 64 cents at $102.93 a barrel on Thursday.Oil prices shot up in the last month to a 10-month high over concerns that strife in Iraq might disrupt supplies. However, they have since been [Read more]
Oil falls near US$102 a barrel, 9th straight decline despite Mideast tensions
NEW YORK - The price of oil fell for the ninth straight day Wednesday as global supplies continue to flow despite unrest in the world's most important oil-producing region.In the Middle East, the insurgency in Iraq is far from resolved, but hasn't halted oil exports and the fighting now seems unlikely to spread to Iraq's major oilfields. Meanwhile, tensions between Israel and Hamas have escalated in the past week, but aren't threatening any major oil production.On the supply side, Libyan crude [Read more]
Enbridge outlook for Northern Gateway unchanged following Supreme Court ruling
CALGARY - A Supreme Court ruling on aboriginal title has not swayed Enbridge Inc.'s outlook for its controversial Northern Gateway pipeline to the West Coast.CEO Al Monaco told an energy conference that the decision reinforces the approach Enbridge had been taking all along when it comes to First Nations consultation.The high court decision last month granted aboriginal title — for the first time in Canadian history — to the Tsilhqot'in Nation in the B.C. Interior.The ruling was celebrated by [Read more]
Encana selling Alberta power assets as it continues to focus portfolio
CALGARY - Encana Corp. CEO Doug Suttles says the company has agreed to sell one gas-fired power plant it owns and operates in Alberta and the 50 per cent stake it holds in another. The value of the deal and the buyer are not being disclosed. "It's not that these weren't good businesses," Suttles told reporters on the sidelines of a TD energy conference in Calgary. "We're not a power company. We're an oil and gas company and this is about focus and consistent strategy. So it just made [Read more]
Western premiers in Iqaluit to discuss impact of development on North
IQALUIT, Nunavut - The premiers of six western provinces and territories arrive in this eastern Arctic boom town today for a gathering expected to focus on development of natural resources and its impact on northern and remote communities. Their arrival coincides with Nunavut Day, which marks the creation of the territory in 1993. Nunavut Premier Peter Taptuna will greet his counterparts from British Columbia, Alberta, Saskatchewan, Manitoba, the Northwest Territories and Yukon at a hotel [Read more]
Oil falls closer to US$103 a barrel as supply fears continue to recede
The price of oil slipped closer to $103 a barrel Tuesday as concerns about supply disruptions continued to fade.Benchmark West Texas Intermediate crude for August delivery fell 13 cents to close at US$103.40 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.30 to close at US$108.94 on the ICE Futures exchange in London.Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as a [Read more]
Wildrose promises to clean up tailings ponds, end carbon capture and storage
CALGARY - Alberta's opposition Wildrose party is promising to eliminate toxic tailings ponds and end carbon capture and storage should it win the next election. Party leader Danielle Smith says greenhouse gas emissions and other pollutants will be reduced through developing and creating incentives for alternative energy sources. The party is also promising independent water quality testing down river from major industrial projects. The promises were rolled out in the party's fourth of [Read more]
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