CALGARY - Eleven clean energy projects, most of which are based in Alberta, have been selected to receive a total of $11 million in federal funding. Natural Resources Minister Jonathan Wilkinson made the announcement in Calgary where he is attending a conference with provincial and territorial ministers. Of the funding, $2.5 million will go to small modular nuclear reactor research at the University of Alberta and University of Regina. The remaining $8.5 million will be divided between [Read more]
Pathways Alliance oilsands group removes all website, social media content
CALGARY - The Pathways Alliance group of oilsands companies has removed all content from its website and social media feeds. All that remains on the consortium's website is a notice saying Pathways has removed its content due to uncertainty around an anti-greenwashing provision in federal Bill C-59. The omnibus bill, which has yet to become law, contains a truth-in-advertising amendment that would require corporations to provide evidence to support their environmental claims. Alberta [Read more]
B.C. environmental regulator orders LNG company to deploy ‘floatel’ near Squamish
A British Columbia government agency has ordered a liquefied natural gas company to deploy a cruise ship that's been renovated to house workers near Squamish, B.C. A statement from Woodfibre LNG says it has received a compliance order from the B.C. Environmental Assessment Office requiring it to move the vessel to its designated area in Howe Sound from its current mooring off the coast of Nanaimo. The District of Squamish has yet to issue a temporary use permit allowing the so-called [Read more]
Natural gas opposition ‘ideological,’ new Ontario energy minister says
CLARINGTON, Ont. - Ontario's new energy minister is unapologetic about the province's use of natural gas to partly fuel growing energy needs, calling opposition to it "ideological." Stephen Lecce took over the portfolio last week in a cabinet shuffle, when he was moved from the education file that he oversaw for five years. Premier Doug Ford also gave the ministry a new name, dubbing it the Ministry of Energy and Electrification, and Lecce said it is about building the energy [Read more]
Feds release carbon pricing impact data as cost debate rages
OTTAWA - Canada's greenhouse-gas emissions will be 12 per cent lower in 2030 with carbon pricing in place than they would be if it was scrapped, new federal data published Thursday suggest. The data also show that the pricing system for consumers and big industry in place could cause Canada's GDP to take a $25-billion hit at the end of the decade — 0.9 per cent below what it would be without the carbon price. Environment Minister Steven Guilbeault published the data amid accusations the [Read more]
Bank CEOs to testify at parliamentary committee on climate impacts of finance
OTTAWA - The CEOs of Canada's five biggest banks are set to testify before a parliamentary committee later today about the impacts of the financial sector on climate and the environment. The chief executives of Royal Bank of Canada, TD Bank Group, BMO Financial Group, Scotiabank and CIBC are all scheduled to appear by videoconference before the House of Commons standing committee on environment and sustainable development. Banks have faced increased scrutiny for how their lending practices [Read more]
Oil and gas CEOs to testify before House of Commons environment committee
OTTAWA - Executives of some of Canada's largest oil and gas companies are expected to testify before a parliamentary committee Thursday afternoon about their efforts to reduce the sector's greenhouse gas emissions. CEOs and senior executives from Cenovus Energy Inc., Enbridge Inc., Imperial Oil Ltd., Shell Canada Ltd. and Suncor Energy Inc. are slated to appear by videoconference before the House of Commons standing committee on environment and sustainable development. Their appearance [Read more]
Reduction in volumes forces Fort Nelson, B.C. natural gas plant to suspend operations
FORT NELSON - A company that operates a natural gas plant in Fort Nelson, B.C., is suspending operations because of a reduction in gas volumes, which also reduces the city's access to electrical and gas services. The processing plant owned by NorthRiver Midstream has been shut since wildfires threatened the community last month, but now the company says it won't resume production because it hasn't been able to find a stable supply of gas in the region. A statement from NorthRiver says the [Read more]
Carbon capture rollout lags as industry, Ottawa at odds over who shoulders risk
CALGARY - The question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the technology's adoption in Canada. It has been half a year since privately held Entropy Inc. inked a deal with the federal government that saw Ottawa agree to underwrite much of the risk for the company's proposed carbon capture and storage project. Entropy said it would go ahead with its $49-million second phase of the project — located at [Read more]
ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debt
NEW YORK - ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. The deal is valued at $22.5 billion when including $5.4 billion in debt. Crude prices have jumped more than 12% this year and the cost for a barrel rose above $80 this week. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own, the companies said [Read more]
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