EDMONTON - An Alberta government study hasn't found any overall evidence of high cancer rates in Fort Chipewyan downstream from the oilsands. The study has found high levels of two forms of the disease in the community. Fort Chip has worried for years about whether living downstream from oilsands developments is affecting the health of residents. A previous Alberta Cancer Board study found higher-than-normal rates of several rare cancers. Those included bile duct cancer — a finding [Read more]
Arctic regulators consider offshore drilling rules as industry interest grows
Growing industry interest in the offshore oil resources of Canada's Arctic is forcing northerners from east to west to confront hard questions about development. No actual drilling is likely to happen for years. But major decisions are being taken now as projects enter the regulatory system. Governments, aboriginal groups and Arctic communities are considering issues such as how to plug possible blowouts, who benefits from development and whether some waters should remain [Read more]
Oil rises above $99 a barrel after US, EU expand sanctions against Russia
The price of oil rose above US$99 a barrel Friday as the United States and the European Union expanded sanctions against Russia and warned of possible penalties against its energy industry.Benchmark West Texas Intermediate crude for May delivery rose 56 cents at settle at US$99.46 a barrel on the New York Mercantile Exchange. The day before, it had dropped 27 cents.Sanctions in response to Russia's annexation of the Crimean peninsula from Ukraine grew to include a bank and 20 individuals [Read more]
Oil falls to near $98 a barrel as dollar strengthens, maintenance crimps refinery demand
The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive. Benchmark U.S. crude for May delivery was down 58 cents at $98.32 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped 27 cents to settle Thursday at $98.90. Traders have zoomed in on data showing that U.S. crude supplies rose by nearly 6 million barrels in the week ended March 14. Oil [Read more]
Saskatchewan First Nation takes full control of land, resource monies
REGINA - A Saskatchewan First Nation has signed on to take full control of its land and resource money. Kawacatoose First Nation signed the First Nations Oil and Gas and Moneys Management Act in Regina today. Bernard Valcourt, the federal Minister for Aboriginal Affairs and Northern Development, says Kawacatoose will receive funds directly from natural resource development. Before signing on, any money earned from mineral rights on the First Nation land was held in trust by the federal [Read more]
Former Tory minister to head Alberta environmental monitoring agency
EDMONTON - A former Tory minister has been named the head of Alberta's long-awaited environmental monitor.Lorne Taylor will become the first chairman of the province's flagship agency to understand the impacts of rapid industrial development throughout the province, especially in the oilsands.Among other cabinet tasks, Taylor was environment minister from 2001-2004 when Ralph Klein was premier.He was also a member of a group of fiscal hawks within the Tory caucus.More recently, he is a [Read more]
Redford Resigns
EDMONTON - Just 29 months after Alberta Premier Alison Redford stood at the base of the grand stairs in the legislature rotunda to take the oath of office, she stood at the same spot Wednesday and quit. Alberta's 14th premier, bludgeoned and beaten by revelations of lavish spending and facing an expanding caucus revolt, said the turmoil had taken an intolerable toll. "Quite simply, I am not prepared to allow party and caucus infighting to get in the way of building a better future for our [Read more]
Oil rises above US$100 as Energy Department data shows fuel demand improving
The price of oil rose above US$100 a barrel for the first time in a week Wednesday on signs of increased demand for petroleum products.Benchmark West Texas Intermediate crude for April delivery gained 67 cents to close at US$100.37 a barrel on the New York Mercantile Exchange. The April contract expires Thursday and the more heavily-traded May contract rose 29 cents to US$99.17.The Energy Department said that demand for gasoline rose 1.5 per cent over the four-week period ended March 14, [Read more]
Athabasca to update 2014 budget, says close to finding Duvernay partner
CALGARY - Athabasca Oil Corp. says it expects to table an updated 2014 capital budget in July, once there's a resolution to most of the uncertainty that's been dogging the oilsands developer and light oil producer.Calgary-based Athabasca (TSX:ATH) aims to announce a joint-venture deal for its holdings in Alberta's Duvernay shale around that time, after prospective partners have had a chance to look over new test results on four wells in the region.And with most hurdles cleared in Athabasca's [Read more]
Hearings set on Enbridge Energy’s proposal to expand capacity of Alberta Clipper oil pipleline
ST. PAUL, Minn. - Minnesota regulators are holding hearings across northern Minnesota this week on Enbridge Energy's proposal to expand the capacity of its Alberta Clipper pipeline. Following a hearing Tuesday night in Hallock, the Public Utilities Commission has hearings set for Wednesday in Thief River Falls and Cass Lake, and Thursday in Floodwood and Duluth. The hearings will conclude with a final forum April 3 in St. Paul. The Alberta Clipper pipeline runs from Alberta to northeastern [Read more]
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