WASHINGTON - Foreign Affairs Minister John Baird used a speech to a business audience on Thursday to press for a quick decision on the Keystone XL pipeline.Speaking just across the street from the White House, Baird said the Obama administration needs to decide soon.He elaborated on a message he delivered yesterday on Capitol Hill, that decision times is here.Baird told the U.S. Chamber of Commerce audience that prime construction weather is approaching and can't be wasted."With the construction [Read more]
Keystone ‘decision time’ is upon Obama: Baird
WASHINGTON - John Baird is in Washington today pushing for a prompt decision on the Keystone XL pipeline.The foreign affairs minister is making public appearances with Keystone-friendly senators amid a string of meetings.The message from Baird and the senators is that the Obama administration shouldn't drag out the approval process any longer.At one news conference, Baird said "decision time" is upon us, later repeating the phrase to emphasize the point.When asked what else politicians can do to [Read more]
Pipeline critics blast unwieldy sign-up rules
VANCOUVER - Opponents of Kinder Morgan's proposed expansion of its Trans Mountain oil pipeline say the process for signing up to participate in public hearings is discouraging critics.Under new federal rules brought in last year, participation in such federal regulatory review hearings is limited to those who can prove they are directly affected by a project.Applications are being accepted by the National Energy Board from Jan. 15 to Feb. 12.The Wilderness Committee says the process now involves [Read more]
Kitimat to hold April plebiscite on pipeline
KITIMAT, B.C. - The District of Kitimat will hold a plebiscite on the proposed Northern Gateway pipeline in April to gauge support for the controversial project. Chief administrative officer Ron Poole says residents will vote on April 12, with advanced polls on April 2 and April 9. The dates were set this week when councillors approved the question, asking residents if they support the final recommendations of the Joint Review Panel, which issued a report in December saying the pipeline [Read more]
Cenovus, TransCanada CEOs defend oilsands; reject criticism by film, music celebrities
TORONTO - The chief executives of two of Canada's biggest energy companies say Canadians should be outraged by criticism of the oilsands. Cenovus Energy president and chief executive Brian Ferguson says environmental groups and Hollywood celebrities have been making baseless accusations that make front-page news even though they aren't true. He says the oil industry in Canada is a major source of jobs and that the oilsands are being developed responsibly. TransCanada president and CEO [Read more]
Rocker Neil Young’s oilsands comments missing the facts: Saskatchewan premier
REGINA - Saskatchewan Premier Brad Wall says musician Neil Young's comparison of the oilsands to Hiroshima is insensitive and ignorant of the facts. Wall says he believes Young lost a lot of credibility by making the comments before a concert in Toronto on Sunday. Young held a news conference during which he compared the landscape at a Fort McMurray industrial site to the devastation caused by the atomic bomb in Japan. Wall says he disagrees with how Young is characterizing the [Read more]
Redford says India keen for oilsands exports
EDMONTON - Premier Alison Redford says the government of India is keen on tapping into Alberta's oilsands bitumen for its rapidly expanding economy. Redford says the oilsands were just one topic she discussed with India's energy minister during her trade mission to India. Redford says the southeast Asian country's growing middle class needs imports of oil and gas. She says the energy minister also talked about shale gas development and India taking a stronger role in developing the [Read more]
Oilsands could put TRILLIONS into economy: leader
EDMONTON - All of Canada should be working to develop Alberta oilsands because the trillions of dollars it can generate can go to help other areas of the country, says an economic leader. Brad Ferguson, president and CEO of the Edmonton Economic Development Corporation, says northern Alberta could contribute $2.1 trillion to the Canadian economy over the next twenty years, or $105 billion dollars a year. βItβs an enormous number," Ferguson said Tuesday at the group's annual [Read more]
Encana CFO: Deep Panuke sale possible
CALGARY - Encana Corp.'s (TSX:ECA) may decide to get rid of its Deep Panuke offshore natural gas project in Nova Scotia, chief financial officer Sherri Brillon told an investor conference Tuesday. "It doesn't really fit our portfolio," Brillon told the BMO Capital Markets Unconventional Resource Conference in New York. Brillon says the project has been making good money during a particularly nasty winter that has seen demand for natural gas β a fuel used to heat homes β soar in North [Read more]
US oil prices rise along with stock market
The price of U.S. oil was up nearly one per cent Tuesday along with a rising stock market. Global crude slipped, though, on the prospect of rising supplies from Libya, the North Sea and Iran.Benchmark West Texas Intermediate crude for February delivery rose 79 cents to close at US$92.59 a barrel on the New York Mercantile Exchange.Brent crude, used to set prices for international varieties of crude used by many U.S. refineries, fell 86 cents to close at US$106.39 in London."The overall outlook [Read more]
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