WASHINGTON - Thousands of older rail tank cars that carry crude oil would be phased out within two years under U.S. regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.Accident investigators have complained for decades that the cars are too easily punctured or ruptured, spilling their contents, when derailed.The phase-in period for replacing or [Read more]
Federal government criticized for leaving frac fluid off pollutant list
OTTAWA - Environmentalists and legal experts are criticizing the federal government's decision to omit chemicals used in fracing from a list that summarizes pollutants going into Canada's air, land and water. Environment Canada says such chemicals aren't used regularly enough or in large enough quantities to be added to the National Pollutant Release Inventory. Critics say the public has a right to know what's being injected below the surface that may end up in groundwater. A recent [Read more]
Canada’s U.S. ambassador says Keystone pipeline makes economic, environmental sense
WHISTLER, B.C. - United States ambassador to Canada Bruce Heyman had little to say Tuesday about a possible decision on the controversial Keystone XL pipeline project, but that didn't stop Canada's U.S. ambassador from bluntly stating there's no proof that the pipeline shouldn't be built.Gary Doer said all the evidence — environmental, economic, safety and scientific — supports a favourable decision by the U.S. government for the Keystone oil pipeline. Doer told delegates attending the annual [Read more]
Oil slips slightly, but geopolitical tensions seen preventing any significant declines.
The price of oil fell slightly Tuesday but experts see geopolitical tensions preventing any significant short-term declines.Benchmark West Texas Intermediate crude for August delivery fell 17 cents to US$104.42 a barrel on the New York Mercantile Exchange. The more heavily traded September contract slipped 47 cents to US$102.39.Brent crude for September delivery, a benchmark for international oils, dropped 35 cents to US$107.33 on the ICE Futures exchange in London.Fighting between the Israeli [Read more]
AER says more spill safeguards needed before Primrose returns to normal
CALGARY - The Alberta Energy Regulator says Canadian Natural Resources Ltd.'s (TSX:CNQ) Primrose oilsands project in northeastern Alberta won't be returning to normal full operations any time soon.Jim Ellis, who heads up the provincial energy watchdog, says it won't allow a return to business as usual until all of the risks have been addressed and the right safeguards are in place to prevent bitumen from oozing to the surface.An emulsion of bitumen and water was found to be leaking from four [Read more]
Maine city council votes to ban western Canada oil
SOUTH PORTLAND, Maine - The South Portland City Council has voted to ban the transfer of crude oil onto ocean tankers, effectively ending any attempt to bring oil from western Canada through a pipeline into the city. The City Council voted 6-1 Monday night in favour of the ordinance that was hailed by environmentalists. Crude from the tar sands of western Canada is fueling the surge in North American production, but environmentalists say tar sands oil is difficult to clean if spilled and [Read more]
B.C. LNG cleans air, wipes out debt, Premier Clark tells political summit
WHISTLER, B.C. - Premier Christy Clark says British Columbia's proposed liquefied natural gas industry has the power to fight air pollution in China and clear up smog in Los Angeles.The premier's natural gas development minister also boasted to delegates at the same conference on Monday that the LNG industry will clean up the provincial debt.Clark told the Pacific Northwest Economic Region gathering, where business and government leaders from U.S. states, provinces and territories gathered to [Read more]
Agreements in place with customers for Nova Scotia liquefied natural gas plant
HALIFAX - Nova Scotia's energy minister says he welcomes news that Indian company H-Energy has signed memorandums of understanding with customers for half of the planned output from a proposed liquefied natural gas plant and export terminal in Guysborough County.Andrew Younger says the agreements with companies in India, the Middle East and Europe increases the prospect of bringing more natural gas through Nova Scotia.Younger says the memorandums of understanding help advance the proposed [Read more]
Oil rises above US$104 a barrel for 1st time since July 3; natural gas falls
The price of oil rose more than a $1 for the third time in the last four trading days, closing above $104 on Monday for the first time since July 3.Benchmark West Texas Intermediate crude for August delivery rose $1.46 to US$104.59 a barrel on the New York Mercantile Exchange. On Friday, the Nymex contract fell six cents to $103.13. Oil has gained 4.6 per cent over the past four trading sessions.Brent crude for September delivery, a benchmark for international oils, gained 44 cents to US$107.68 [Read more]
Oil price holds gain for the week on Middle East, Russia-Ukraine tensions
NEW YORK - The price of oil retreated slightly Friday but remained elevated because of political turmoil around the world. Concern that conflicts and rising tensions in the Ukraine and the Middle East could disrupt supplies sent oil prices higher this week, though the world appears to have an ample supply of crude and supplies have not been affected. The industry calls this higher price, based only on fear, a "risk premium." "Developments during the past couple of days have added to a [Read more]
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