SAINT JOHN, N.B. - Irving Oil says it plans to build a $300-million marine terminal in Saint John, N.B., following an announcement from TransCanada Corp. (TSX:TRP) that it has decided to proceed with its Energy East Pipeline project.The private New Brunswick company issued a statement Thursday saying the Canaport Energy East Marine Terminal at its refinery in Saint John would handle crude oil flowing from western Canada and export it to world markets."The Canaport Energy East Marine [Read more]
Obama emphasizes Keystone climate implications in meeting with Democrats
WASHINGTON - U.S. President Barack Obama pointed to the global climate implications of approving TransCanada's Keystone XL pipeline during a wide-ranging Capitol Hill meeting on Wednesday with Democratic lawmakers.Facing tough questions from some of his congressional allies about an apparent reluctance to approve the project, Obama called the debate a "global issue," Maryland Sen. Ben Cardin told reporters following the meeting."He pointed out this is a global issue, even more so than [Read more]
Increased storage needed for natural gas in Nova Scotia: provincial study
HALIFAX - A study prepared for Nova Scotia's provincial government says natural gas customers in the province are forced to buy the fuel from the New England market in the coldest months, driving up the price.The study by ICF Consulting Canada Inc. says more natural gas storage is needed in the province to help moderate the price hikes in the winter.Last winter, dwindling natural gas reserves coupled with price fluctuations prompted the province to launch the study on how it can secure [Read more]
“Public trust has been eroded”; Pipeline companies discuss safety at NEB forum
CALGARY - The bosses of Canada's largest pipeline companies are acknowledging more has to be done to win public confidence when it comes to pipeline safety.A spate of high-profile oil spills have vaulted the once largely anonymous pipeline sector to the top of newscasts in recent years."We have experienced incidents and public confidence has been shaken quite considerably — I think quite rightly so, since several of those high profile incidents resulted in very significant [Read more]
BOOM! BC government officially OPPOSES Northern Gateway
VANCOUVER - The British Columbia government officially declared its opposition to the Northern Gateway pipeline on Friday, telling the federal review panel weighing the project that the multibillion-dollar project should not go ahead as proposed.In a strongly-worded submission to the federal review panel following more than a year of hearings, lawyers for the westernmost province said there remain too many unanswered questions."(Northern Gateway) has presented little evidence about how it will [Read more]
National Energy Board ups safety regulations for pipelines
The National Energy Board says it has strengthened regulations for federally regulated oil and natural gas pipelines to make them safer for people and the environment. The amended regulations that came into effect earlier this month require companies to do more to address safety, pipeline integrity, security, environmental protection and emergency management. Board chairman Gaetan Caron said the new rules can help companies better manage risk and safe pipeline [Read more]