CALGARY - More than half of MEG Energy Corp.'s oil sales would be free from potential U.S. tariffs thanks to the diverse market access options it has lined up, a company executive says. The Calgary-based oilsands producer has the ability to access global markets via Canada's West Coast through the Trans Mountain pipeline, as well as via the U.S Gulf Coast. Erik Alson, MEG's senior vice-president of marketing, said exports to customers abroad via the Gulf of Mexico were at around 10 to 20 [Read more]
Pembina Pipeline boss: tariff threats making Canadians more open to energy projects
CALGARY - U.S. tariff threats are making politicians and the general public more receptive to Canadian energy infrastructure projects, the chief executive of Pembina Pipeline Corp. says. "Hopefully with what’s happening, it will be obvious to the country that these projects need to get built and so we think that there’s definitely positive tailwinds," Scott Burrows said Friday on a conference call with analysts to discuss his company's latest results. "You’re not going to see anything in [Read more]
Trial begins in Texas pipeline company’s $300M lawsuit against Greenpeace
MANDAN, N.D. (AP) — An attorney for a Texas pipeline company said Wednesday that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline's construction in North Dakota, and defamed the company to its lenders. Attorneys for the Greenpeace defendants told a jury there is no evidence to back up the claims by Dallas-based Energy Transfer, which seeks potentially hundreds of millions of dollars in damages from Greenpeace. The case is tied to [Read more]
Keystone XL redux? Trump says he wants defunct oil pipeline back from the dead
CALGARY - U.S. President Donald Trump says he'd like to see the Keystone XL pipeline brought back from the dead, garnering an enthusiastic reception from Alberta's premier but a tepid one from the company spun off from its erstwhile proponent. Trump posted on his Truth Social platform Monday that the Biden administration "viciously jettisoned" the pipeline expansion that would have sent more oilsands crude to the U.S. Gulf Coast and that he wants to see it built. He wrote that if the [Read more]
Tariff talk: What corporate Canada is saying during earnings season
As companies report their earnings for the latest quarter, they’ve fielded question after question from analysts about how they’re preparing for potential tariffs from the U.S. President Donald Trump has threatened sweeping tariffs on imports coming from Canada, and Ottawa has said it will retaliate with tariffs of its own if that happens. The two sides are nearing the end of a truce on the duties, and it’s unclear what will happen in the coming weeks. Here's a look at what corporate [Read more]
Saskatchewan Premier Moe travelling to Washington again to push against tariff threat
REGINA - Saskatchewan Premier Scott Moe is travelling to Washington, D.C., again to push against proposed tariffs from the United States on Canadian goods. Moe was scheduled to leave Monday with a delegation of Saskatchewan business leaders in the steel and energy sectors. He's set to return Thursday. The premier was in the U.S. capital earlier this month and says he's going back to lessen tensions around the threat of tariffs. "Saskatchewan companies play a critical role in North [Read more]
Nova Scotia government bill would lift ban on fracking, uranium exploration
HALIFAX - A new government bill put forward Tuesday would lift blanket bans on uranium exploration and hydraulic fracking of fossil fuels in Nova Scotia. The province says the omnibus bill would repeal the existing Uranium Exploration and Mining Prohibition Act to allow for research about the presence and distribution of uranium in Nova Scotia. It would also make changes to the Petroleum Resources Act to “create the potential" for hydraulic fracking to access onshore natural [Read more]
Singh says pipelines would not be first priority for NDP energy policy
HAMILTON - NDP Leader Jagmeet Singh says he sees an east-west clean electricity corridor as his first priority for expanding the Canadian energy market — not new pipelines. While Singh isn't shutting the door entirely to pipelines, he says pipeline projects must be accepted by the communities through which they're routed, must not hurt the environment, must provide good jobs and must meet Indigenous consultation requirements. Most Canadian energy exports currently go to the United States, [Read more]
Brazil to join OPEC+, group of major oil-exporting nations
BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country's evolution into a major oil state just nine months ahead of hosting the United Nations' annual climate summit. The National Council for Energy Policy's approval came in response to an official invitation in 2023. The group includes the 12 members of OPEC, the longstanding group set up to coordinate oil production to stabilize markets, plus 10 more [Read more]
‘Should I just laugh?’: Energy experts question Freeland’s pledge to push LNG
OTTAWA - Liberal leadership candidate Chrystia Freeland’s pitch to export liquefied natural gas (LNG) to allies is drawing skeptical reactions from those who say her government neglected the sector over the past decade. The former finance minister's policy statement on jobs and growth, released on Feb. 5, includes a pledge to "seize the opportunity to make Canada an energy superpower, from powering our grids with hydro to exporting liquefied natural gas to our allies." That line is part of [Read more]
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