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]
B.C. Liberals to outline LNG policy plans in a promised balanced budget
VICTORIA - British Columbia Finance Minister Mike de Jong says the budget he will table today contains few spending announcements or tax breaks, but it's balanced and forecasts three years of surpluses — an achievement most other provinces would celebrate. B.C. and Saskatchewan are the only two provinces in Canada to post balanced budgets this year. Last week, federal Finance Minister Jim Flaherty said the Conservative government is on track to balance the books next year — an election [Read more]
Train accidents stir worries about crude transport
BILLINGS, Mont. - At least 10 times since 2008, freight trains hauling oil across North America have derailed and spilled significant quantities of crude, with most of the accidents touching off fires or catastrophic explosions. The derailments released almost 3 million gallons of oil, nearly twice as much as the largest pipeline spill in the U.S. since at least 1986. And the deadliest wreck killed 47 people in the town of Lac-Megantic, Quebec. Those findings, from an Associated Press [Read more]
White House to PM: DON’T EXPECT KEYSTONE ANSWERS
WASHINGTON - The White House says Prime Minister Stephen Harper shouldn't expect any new information if he presses for details on Keystone XL next week. Senior officials in the Obama administration say Harper will be told in private the same thing he's hearing in public: that a process is underway, it's not political, and it's unclear when it will end. The prime minister is expected to raise the long-delayed pipeline when he meets President Barack Obama next week in Mexico at a North [Read more]
Enbridge: Alberta Clipper expansion delayed
CALGARY - Enbridge Inc. (TSX:ENB) says the U.S. State Department is taking longer than expected to review an expansion to its Alberta Clipper pipeline between Alberta and Wisconsin. But executives with the Calgary-based energy shipper say they're confident a green light will come in time to expand the line to 800,000 barrels per day by the middle of next year. Enbridge obtained a U.S. federal permit in 2009 before starting up the first phase of the line, which has 450,000 barrels per day [Read more]
Thousands apply to talk about Trans Mountain
VANCOUVER - Thousands of groups, businesses and individuals have applied to take part in the upcoming National Energy Board hearings into Kinder Morgan's proposed expansion if its Trans Mountain oil pipeline through Alberta and British Columbia Energy board spokeswoman Sarah Kiley says among the 2,131 applicants are many First Nations groups, municipalities from Edmonton to Vancouver, conservation groups and businesses. One of the more unexpected applicants is the Washington State [Read more]
Oil dips; natural gas soars on supply report
The price of oil barely budged Thursday as benchmark West Texas Intermediate crude for March delivery slipped two cents to US$100.35 a barrel on the New York Mercantile Exchange. U.S. economic indicators were mostly downbeat on Thursday, suggesting weak demand, although a report from the International Energy Agency gave oil some support. The agency raised slightly its 2014 forecast for global demand to 92.6 million barrels a day, 125,000 barrels above its previous expectations from a month [Read more]
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