REGINA - SaskPower says its highly touted carbon capture and storage project at the Boundary Dam power station near Estevan will not be ready on time. It was supposed to start storing some of the carbon emitted from the coal-fired power plant in April. The Crown corporation says the carbon capture facility is ready, but there have been some unexpected findings on the power plant side. The plant is being rebuilt and the utility says there have been some design changes and retrofitting [Read more]
Oil down on falling Chinese factory activity
The price of oil slipped below US$103 a barrel Thursday after a report indicated that manufacturing in China, the world's second-biggest economy, shrank again in February. Benchmark West Texas Intermediate crude for March delivery fell 39 cents to close at US$102.92 a barrel on the New York Mercantile Exchange on the last day of trading for the contract. Crude for April delivery fell nine cents to close at US$102.75. Oil prices fell after a monthly survey by HSBC found that China's [Read more]
Keystone XL pipeline dealt setback in court
WASHINGTON - Not even the U.S. president can save the Keystone XL pipeline project now — at least not by himself. The long-delayed plan suffered a major setback Wednesday when a Nebraska district judge ripped up a state law that could have forced landowners to allow the pipeline through their property. The ruling opens up the prospect of more regulatory hurdles, complicated negotiations with landowners, legal fights and fresh delays, regardless of whether or not Barack Obama ever approves [Read more]
Arctic reindeer reserve eyed for oil and gas
OTTAWA - Tracts of land that had been set aside for reindeer grazing in Canada's North have instead been offered up by the Conservative government for oil and gas exploration, newly released documents show. Companies interested in obtaining petroleum exploration rights in the Mackenzie Delta and Beaufort Sea region of the Northwest Territories were asked last year to nominate blocks of land that they wanted to see included in a subsequent call for bids. Reindeer-grazing reserves near the [Read more]
Obama presses Harper on climate change sit-down at Three Amigos Summit
TOLUCA, MEXICO, Mexico - U.S. President Barack Obama used the podium of the Three Amigos summit on Wednesday to push Prime Minister Stephen Harper to work with him on reducing greenhouse gas emissions, saying the science that supports climate change can't be denied.Obama gave Harper a primer on reducing greenhouse gases as he answered a question about why he has not approved the Keystone XL pipeline."Stephen and I, during a break after lunch, discussed a shared interest in working together [Read more]
B.C. premier brushes aside doubts about pace of liquefied natural gas plans
VANCOUVER - British Columbia Premier Christy Clark insisted Wednesday it's still possible her much-hyped vision for liquefied natural gas could start bringing in cash in three years' time, a day after her own finance minister appeared to temper those expectations.Clark won last year's provincial election in large part on a promise to foster a trillion-dollar LNG industry that she said could create more than 100,000 jobs and wipe out B.C.'s debt. The province would start collecting LNG revenues, [Read more]
B.C.’s LNG plans ‘behind schedule’: experts
VANCOUVER - An expert on the liquefied natural gas industry says B.C. Premier Christy Clark's plans for a booming liquefied natural gas industry are behind schedule. Clark was re-elected last year, in part, on her vision of a trillion-dollar LNG industry that would create tens of thousands of jobs and wipe out the province's debt. The premier previously said LNG money would flow into a debt-payment fund by 2017, but Finance Minister Mike de Jong tempered those predictions in his budget [Read more]
Harper meets TransCanada ahead of Obama meeting in Mexico
MEXICO CITY - Prime Minister Stephen Harper is meeting leaders from the company that wants to build the Keystone XL pipeline just hours before he pushes U.S. President Barack Obama one more time to approve it. Harper's tete-a-tete with TransCanada officials comes this morning in Mexico City before he travels to the neighbouring city of Toluca for the so-called Three Amigos summit with Obama and Mexico's Enrique Pena Nieto. No progress is likely on TransCanada's long-stalled plan to link [Read more]
CP CEO urges speedy switch to new oil cars
CALGARY - Canadian Pacific Railway Ltd. CEO Hunter Harrison says the "all-mighty dollar" is holding up badly needed changes to rail safety. In a passionate speech to the Calgary Chamber of Commerce, the plain-spoken, Memphis-born railroad veteran says the time for study is over — it's time to get older tank cars off of North American tracks immediately. The ubiquitous DOT-111 cars, built before 2011, have been long criticized for having hulls that are too weak to withstand a crash, but [Read more]
New Brunswick seeks offshore energy accord
FREDERICTON - The government of New Brunswick is seeking an Atlantic Accord of its own as it looks offshore to reverse its economic decline. The province's Progressive Conservative government has set its sights on natural resources with the hope that oil and gas can pump some revenues into its coffers. While the government has been focused on developing a shale gas industry, it has recently turned its attention to its largely unexplored offshore fields. Premier David Alward told a business [Read more]
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