WASHINGTON - Premier Danielle Smith says no matter the outcome of the United States election, there will be challenges for Canada and Alberta. She said both President Joe Biden and former president Donald Trump have policies that could harm or restrict trade with Canada. "Both have protectionist policies that would be damaging to our country and our province," Smith said at the Canadian Embassy in Washington on Thursday. Trump, who has become the Republican party front-runner in the [Read more]
Enbridge appeals to vacate an order that would shut down its pipeline
MADISON, Wis. (AP) — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a Wisconsin tribal reservation. The company contends that U.S. District Judge William Conley improperly ordered Enbridge to shut down a 12 mile (19 km) portion of Line 5 within three years. The section runs across the Bad River Band of Lake Superior Chippewa's reservation. Conley also ordered the [Read more]
Bill to update impact assessment law coming in spring: Wilkinson
OTTAWA - Natural Resources Minister Jonathan Wilkinson says the government will have legislation ready by the spring to fix the constitutional problems the Supreme Court has with the federal Impact Assessment Act. The Liberals passed the act in 2019 to overhaul how major projects are assessed for their environmental and social impacts. In October, the Supreme Court of Canada ruled the law was too broad because it allowed Ottawa to wade into provincial jurisdiction. The new legislation [Read more]
AIMCo sets up $1B fund to invest in energy transition opportunities
EDMONTON - The Alberta Investment Management Corp. has set up a new $1-billion fund dedicated to investing in the global energy transition and decarbonization sectors. The investment manager says the money represents new capital and investments made through the fund will be in addition to its other climate-related investments across asset classes. AIMCo chief investment officer Marlene Puffer says it has been strategically evaluating climate change risks and opportunities for the last [Read more]
Alberta government opens water-sharing talks with large users amid worsening drought
EDMONTON - The Alberta government says it's opening talks on water-sharing between large water users as the province's drought situation worsens. Environment Minister Rebecca Schulz says negotiations between water licence holders in three southern Alberta river basins are to start this week. She says if a severe drought occurs this summer, the voluntary agreements would see major users take less water to help others downstream. There are currently 51 water shortage advisories in the [Read more]
A timeline of the Trans Mountain pipeline expansion’s major milestones and setbacks
CALGARY - The Trans Mountain pipeline expansion is facing delay yet again, as the company responsible for building the project reported Monday it has run into a fresh construction-related challenge in B.C. Here's a look back at the history of the project, and the milestones and setbacks it has experienced up to now: March 21, 1951: The Trans Mountain Pipeline Company is established via a charter granted by the Parliament of Canada, with the intent of building a pipeline to carry oil from [Read more]
Trans Mountain expansion runs into ‘technical issues,’ completion delay possible
CALGARY - The company behind the Trans Mountain pipeline expansion says it has encountered technical issues which could mean a delay in the project's completion. In a statement on its website Monday, Trans Mountain Corp. says it needs additional time to determine the safest and most prudent actions for minimizing further delay. It says the technical issues were discovered between Jan. 25 and Jan. 27. Trans Mountain Corp. says it will not provide an interview. The company says it is [Read more]
AIMCo expresses interest in buying a stake in Trans Mountain pipeline
CALGARY - The Alberta Investment Management Corporation (AIMCo) has expressed an interest in purchasing a potential stake in the Trans Mountain pipeline. AIMCo CEO Evan Siddall said Thursday in an interview with BNN Bloomberg that the Trans Mountain pipeline is the type of Canadian infrastructure asset that the investment manager would consider if it is made available. AIMCo spokeswoman Carolyn Quick later confirmed the remarks in an email to The Canadian Press. The Trans Mountain [Read more]
U.S. Department of Justice preparing legal brief as both sides appeal Line 5 decision
WASHINGTON - The U.S. government has been asked to explain how a 1977 energy treaty with Canada would impact efforts to shut down the Line 5 cross-border pipeline. A forthcoming Department of Justice brief will mark the Biden administration's first official foray into the dispute between Calgary-based Enbridge Inc. and an Indigenous band in Wisconsin. The Seventh Circuit Court of Appeals wants the brief by Feb. 8, when it will hear oral arguments from Enbridge and the Bad River Band of [Read more]
Alberta oil output hits new record as producers ramp up for Trans Mountain completion
CALGARY - Alberta oil production hit an all-time record in November, as oilsands companies ramped up output to prepare for the imminent completion of the Trans Mountain pipeline expansion. The Alberta Energy Regulator says crude oil production in the province rose by 8.8 per cent in November to a new historic high of 4.2 million barrels per day. Alberta averaged 3.8 million barrels per day of oil production in the first eleven months of 2023, up 1.6 per cent from 2022 and five per cent [Read more]
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