EDMONTON - A lawyer is asking a court to shut down a northwestern Alberta oilsands plant while the owner works to stop harmful odours that have forced nearby residents from their homes.Keith Wilson represents families made ill by powerful smells emitting from Baytex Energy's operations near Peace River.Wilson says allowing Baytex to keep operating while it installs new equipment to block the smells puts corporate profits ahead of public health.Last week, Alberta's energy regulator agreed with [Read more]
Keystone may be stalled, but the protests aren’t: demos planned all week in D.C.
WASHINGTON - The Keystone XL project may appear stalled, but its opponents aren't taking their foot off the gas pedal. In fact, the anti-pipeline movement will accelerate its protests for a few days. Demonstrators are preparing to set up camp for six days, starting today, on the National Mall in Washington, D.C. A group called the C.I.A. — the "Cowboy and Indian Alliance" — will set up tipis and a covered wagon on the lawn near the White House, with a ceremonial horseback ride and [Read more]
Saskatchewan government ‘deeply concerned’ over delay in Keystone decision
REGINA - Saskatchewan Premier Brad Wall says the latest delay in a decision on the proposed Keystone XL pipeline is a major blow to Canada's energy industry. The U.S. State Department announced last week that it wants to give federal agencies more time to review the $5.4-billion proposal by Calgary-based TransCanada (TSX:TRP). TransCanada had hoped a legal dispute over the pipeline's route in Nebraska would not further hold up a decision at the federal level. Wall says he is deeply [Read more]
U.S. pipeline workers blast Obama administration for delaying Keystone XL
American pipeline workers are blasting a decision to delay the Keystone XL process, saying the move by the Obama administration has erased a few thousand high-paying jobs this summer. One union — the Laborers' International Union of North America — called the move gutless, and accused the government of announcing it on a holiday weekend in the hope fewer people would be paying attention. One member of that union says his phone is ringing off the hook. Ron Berringer says he has received [Read more]
Price of crude oil rises and stays above US$104 a barrel amid Ukraine jitters
The price of oil edged higher Monday and stayed above US$104 per barrel as investors watched the simmering tensions in Ukraine.West Texas Intermediate crude for May delivery rose seven cents to US$104.37 a barrel on the New York Mercantile Exchange after a three-day holiday weekend.Markets were on edge at the possibility of European or U.S. sanctions that might disrupt Russian oil exports. Tensions got worse after an Easter morning shooting at a checkpoint manned by pro-Russian insurgents.Upward [Read more]
Oil edges down but stays above $104 a barrel amid Ukraine jitters
BEIJING - The price of oil edged down Monday but stayed above $104 per barrel as investors watched simmering tensions in Ukraine. U.S. crude for May delivery was down 12 cents at US$104.18 in electronic trading on the New York Mercantile Exchange after trading resumed following a three-day holiday weekend. The contract rose 44 cents to $104.30 in the previous session. Markets are on edge at the possibility of European or U.S. sanctions that might disrupt Russian supplies. Tensions were [Read more]
Alaska Legislature passes bill to advance major liquefied natural gas project
JUNEAU, Alaska - The Alaska Legislature has passed a bill setting the state's participation in a major liquefied natural gas project. The House voted 36-4 on the measure Sunday. The Senate later voted 16-4 to agree to the House changes. SB138, from Gov. Sean Parnell, would set state participation at about 25 per cent in a project also being pursued TransCanada, the Alaska Gasline Development Corp., and the North Slope's major players. It would allow the project to move to a stage of [Read more]
No Keystone XL pipeline this year, following new delay
WASHINGTON - The Canadian government demanded an answer immediately on the long-delayed Keystone XL pipeline. It has now received a reply from the United States government that amounts to: Maybe next year. The project is now paralyzed for an indefinite period, with the U.S. administration Friday announcing another delay in a process already beset by political and legal challenges. The announcement made it clear that Canadian pipeline backers will not get the answer they wanted in time for [Read more]
Oil rises past $104 a barrel as Ukraine jiggers offset large rise in US crude supplies
NEW YORK - The price of oil rose past US$104 per barrel Thursday on worries over the upheaval in Ukraine.Benchmark West Texas Intermediate crude for May delivery rose 54 cents to close at US$104.30 a barrel in New York.Supplies in the U.S. are ample — the Energy Department reported the biggest gain in stocks in 13 years on Wednesday. But that wasn't enough to calm the fears of traders this week, who worry that Russia's actions in response to the turmoil in Ukraine could be met with sanctions [Read more]
Nova Scotia government ends tax break agreement with Imperial Oil
HALIFAX - The Nova Scotia government plans to end a tax break agreement with Imperial Oil (TSX:IMO) because it no longer operates a refinery in Halifax. Municipal Affairs Minister Mark Furey says since the company is converting its site in Dartmouth to a storage facility, the taxes it pays to the Halifax Regional Municipality should revert to standard property assessment tax rates. Furey says changes to the province's Oil Refineries and L.N.G. Plants Municipal Taxation Act would ensure [Read more]
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