BOE Report

Nova Scotia to ban import of fracking waste

HALIFAX - Nova Scotia won't be accepting waste water from hydraulic fracturing done outside the province under legislation introduced Monday.Environment Minister Randy Delorey said the proposed ban is appropriate given there is a moratorium on fracking in Nova Scotia while an independent review of the process is underway.The review is being led by Cape Breton University president David Wheeler and findings are expected to be released in the spring.Delorey said the legislation shouldn't have to [Read more]

Lubicon First Nation files suit against PennWest

An Alberta First Nation that has been fighting for a reserve for decades has asked for an injunction against a Calgary energy company to stop drilling on lands the group seeks to claim.The lawsuit, filed by the Lubicon First Nation against PennWest Exploration (TSX:PWT), seeks to stop all fracking activity on lands around Haig Lake."We're trying to get an injunction to have them vacate the premises and cease all activities there," said Lubicon lawyer James O'Reilly from Montreal. "That area is [Read more]

Ex Harper appointee in Washington: Canada ‘rogue state’ on environment, urges US to BLOCK Keystone

WASHINGTON - A former Harper government appointee has used a keynote speech at a Washington, D.C., event to trample the Canadian government's message on oil pipelines. Mark Jaccard was one of the first people nominated by the Conservatives to the environmental file, when he was named in 2006 to the now-defunct National Round Table on the Environment and the Economy. The environmental economist now has delivered a lengthy rebuke of Canada's climate-change performance at an event near the [Read more]

Bonterra Energy increases dividend

CALGARY - Bonterra Energy Corp. (TSX:BNE) says its next monthly dividend payment will be 29 cents per share, up one cent from the prior payout to shareholders. The Calgary-based company's dividend is subject to commodity prices and production levels. The next payout will be paid Dec. 31 to shareholder of record as of Dec. 16. Click here to read the Bonterra Energy's release... [Read more]

Fix First Nations relations, biz forum hears

LAKE LOUISE, Alta. - Governments and industry must fix their relationships with First Nations communities if large-scale energy projects are to move forward in Canada, speakers at a business forum in Lake Louise, Alta., said Friday.The warnings, from both First Nations and industry leaders, came as regulators are expected to rule within weeks on a the contentious Northern Gateway pipeline proposal by Enbridge Inc. (TSX:ENB)Miles Richardson, former president of the Haida Nation in northwestern [Read more]

TransCanada chief lambastes pipeline foes

LAKE LOUISE, Alta. - The CEO of pipeline giant TransCanada Corp. (TSX:TRP) says environmental groups have cast the Keystone XL pipeline debate as a referendum on U.S. President Barack Obama's green credentials.Russ Girling says in his view, framing the argument that way is unfair.He says environmental activists have also "concocted a story" that the oilsands are the largest carbon bomb on Earth and that the $5.4-billion pipeline would amount to a fuse.Girling joked that he's even had to assure [Read more]

NB Premier tells Alberta Energy East means big jobs

EDMONTON - New Brunswick Premier David Alward has told Alberta's legislature the proposed Energy East pipeline to his province is not just about resources, it's also about creating thousands of jobs across Canada. Alward urged premiers to work as one and push forward on the pipeline, which he once again compared to the national railway as a country-building project. Both Alward and Alberta Premier Alison Redford are backing TransCanada's $12-billion pipeline as critical to boosting the [Read more]

Oil slides toward 6-month low near $92 a barrel

The price of oil was heading down toward $92 a barrel on Thursday, near six-month lows, after U.S. crude stockpiles rose for a tenth consecutive week.By early afternoon in Europe, benchmark U.S. crude for January delivery was down 16 cents at $92.14 a barrel in electronic trading on the New York Mercantile Exchange, having dropped $1.38 on Wednesday. Floor trading on the Nymex was closed Thursday for the Thanksgiving holiday, resulting in low trading volumes.Oil has declined from about $110 in [Read more]

First Nations relations a hurdle to $650B in oil and gas development for West

VANCOUVER - There are more than 600 major resource projects worth $650 billion planned in Western Canada over the next decade but relations with First Nations may be a major hurdle for those developments, says a new report by the Fraser Institute.Every one of those projects will affect at least one First Nations Community, said the report released Thursday by the right-leaning think tank based in Vancouver."There is not a single oil or gas project under proposal in Western Canada that does not [Read more]

Oil at 6-month low as U.S. spplies rise

BANGKOK - Oil consolidated at a six-month low Thursday after U.S. crude stockpiles rose for a tenth straight week.Benchmark U.S. crude for January delivery was down 10 cents at US$92.20 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.38 to close Wednesday at $92.30.Oil has declined from about $110 in September due to a muted outlook for demand, high supplies and reduced tensions in the oil-rich Middle East.The Energy [Read more]