COCHRANE, Alta. - Horns blared along the Trans-Canada Highway west of Calgary on Monday as a protest against the hike in the federal carbon price slowed traffic to a crawl. Hundreds of protesters, many waving Canadian and Alberta flags and holding "axe the tax" signs, blocked the major highway down to a single lane. RCMP officers were on hand to monitor the event. "I'm here because our country is falling apart and our government has been running us into the ground and it just needs to [Read more]
Emissions cap could hurt Trans Mountain pipeline’s sale price: Calgary Chamber
CALGARY - The Calgary Chamber of Commerce is warning Ottawa that its proposed cap on emissions from the oil and gas sector could compromise the valuation of the Trans Mountain pipeline. Canada's oil industry has been fighting tooth-and-nail against the promised cap, which the federal government has said it expects to finalize later this year. The government has said that under its proposed plan, the oil and gas industry will have to cut emissions by more than one-third by 2030 or buy [Read more]
Parkland puts 157 convenience store and fuel station locations up for sale
CALGARY - Parkland Corp. is looking to sell 157 convenience store and fuel station locations across six provinces. The company says the assets up for sale include locations under the Chevron, Ultramar, Pioneer and FasGas brands as well as the On the Run convenience store banner. The bulk of the stations are in Quebec and Ontario, with the balance in Alberta, British Columbia, Manitoba and Saskatchewan. The company says the retail and fuel locations will be packaged with long-term [Read more]
With completion in sight, what’s next for the Trans Mountain pipeline project?
CALGARY - After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here's a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast: Resolution of B.C. construction challenges: Crown corporation Trans Mountain Corp. has been dealing with construction-related challenges in the Fraser Valley between Hope and Chilliwack, where it [Read more]
Alberta set to fully reinstate gas tax of 13 cents a litre after drop in oil prices
EDMONTON - Gas prices are set to rise in Alberta next month, with the provincial government fully reinstating its fuel tax following a drop in oil prices. Finance Minister Nate Horner says the fuel tax for gas and diesel will be 13 cents per litre starting April 1, an increase of four cents. Under the provincial Fuel Tax Relief Program, the tax can be paused or reinstated partially or in full, depending on oil prices. Fuel tax rates are adjusted quarterly based on the average price per [Read more]
BP oil refinery in Indiana resumes normal operations weeks after power outage, temporary shutdown
WHITING, Ind. (AP) — BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. BP spokesperson Christina Audisho said Tuesday that “the Whiting Refinery is back to normal operations" at the site along Lake Michigan some 15 miles (24 kilometers) southeast of Chicago. The refinery is the largest in the U.S. Midwest and sixth-largest nationally, [Read more]
Unplanned shutdown of Imperial pipeline affects delivery of fuel to Winnipeg
WINNIPEG - The Manitoba government says it's taking measures to mitigate potential impact to the province's economy after Imperial Oil Ltd. announced it has temporarily shut down a pipeline that supplies gasoline, diesel and jet fuel to Winnipeg and the surrounding area. The province says in a news release that the line runs between Gretna, Man., at the U.S. border, and Winnipeg, and it says the decision by Imperial to shut it for repairs followed "proactive pipeline inspections" that [Read more]
Oil shippers demand explanation from Trans Mountain for pipeline cost overruns
CALGARY - A group of oil shippers is asking the Canada Energy Regulator to compel the company behind the Trans Mountain pipeline expansion to provide them with a full and detailed breakdown of the project's escalating construction costs. The shippers — which includes Canadian Natural Resources Ltd., Suncor Energy Inc., PetroChina Canada Ltd. and Marathon Petroleum Canada — are seeking an order from the regulator requiring Trans Mountain Corp. to provide more information about why the [Read more]
Alberta’s Smith urges Trudeau to heed growing concerns from premiers on carbon levy
CALGARY - Alberta Premier Danielle Smith is urging Prime Minister Justin Trudeau to heed the growing calls from premiers to dump the planned hike to the consumer carbon charge on April 1. Trudeau responded by reminding Canadians that as the levy increases, so do rebates to Canadians. The comments came in introductory remarks as the two leaders met in Calgary in their first face-to-face meeting since last summer. The federal carbon price is set to rise by $15 a tonne to $80 next [Read more]
Pipeline shortages to return sooner rather than later as oil production booms
CALGARY - After being hamstrung for years by a lack of export capacity, Canada's oil industry will have reason to celebrate when the much-anticipated Trans Mountain pipeline expansion comes online, expected to be sometime this spring. But the party may be short-lived, as the more-than-$30-billion pipeline is expected to quickly fill up — returning Canada's oil producers to a "Groundhog Day" scenario of restricted growth and depressed prices. "I think the industry wanted to believe Trans [Read more]
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