EDMONTON - Jason Kenney says his government is working to provide financial relief to consumers being hammered by high gas prices at the pump. Kenney says he recognizes that spiking global oil prices, pushed even higher by the war in Ukraine, are delivering a windfall for the provincial treasury but a punishing hardship to drivers. He says officials will work through the weekend to develop a relief plan that he hopes can be announced next week. He says they are looking at many options, [Read more]
Poilievre promises to build more pipelines, remove oil tanker ban in northern B.C.
REGINA - Ottawa-area MP Pierre Poilievre says he would repeal what he calls Prime Minister Justin Trudeau's "anti-energy" laws if he becomes the next leader of the Conservatives. Pierre told a campaign stop in Regina that if he becomes party leader and is elected as the next prime minister he would repeal several laws that affect the oil and gas industry. He also says he would repeal a ban on oil tankers in northern British Columbia and build more Canadian pipelines. He says he would [Read more]
Parkland Q4 profit down, hurt by refinery pause due to B.C. floods, raises dividend
CALGARY - Parkland Corp. reported its fourth-quarter profit fell compared with a year ago, hurt by a pause in refinery processing operations when the Trans Mountain Pipeline was shut down due to flooding in B.C. last year. The fuel marketer and convenience store retailer also increased its annual dividend to $1.30 per share compared with $1.235 per share and said that starting in the second quarter it will switch to a quarterly payment schedule from monthly payments. Parkland said it [Read more]
Canadians can expect higher gas prices from Ukraine war to kick in on Saturday
TORONTO - Russia’s attack on Ukraine is putting even greater pressure on an already surging oil price environment and that will cost Canadians more at the pump. Roger McKnight, chief petroleum analyst at En-Pro International Inc. expects gas prices across the country will rise five cents per litre on Saturday. He says drivers who fill up occasionally have hours to avoid extra costs but there's not much that can be done for those who fill up daily. The high demand for oil combined with a [Read more]
Alberta aiming for budget rebound on soaring oil and natural gas prices
EDMONTON - It's budget day in Alberta, and Premier Jason Kenney says there will be a massive infusion of money for the health-care system. Kenney says the COVID-19 pandemic has exposed a system that has too few hospital beds, labs and intensive care spaces. He says the budget will include a historic investment in health care that has been made possible by a strong economy hitting on all cylinders on all fronts. Opposition NDP Leader Rachel Notley says the bottom line is looking better, [Read more]
Supreme Court won’t take Dakota Access Pipeline case
BISMARCK, N.D. (AP) — The U.S. Supreme Court on Tuesday refused to consider an appeal of a lawsuit over the Dakota Access Pipeline, meaning that an ongoing environmental review of the pipeline will continue. Dakota Access, which is controlled by Texas-based Energy Transfer, appealed a lower court ruling that affirmed the need for a more thorough environmental study by the U.S. Army Corps of Engineers, the Bismarck Tribune reported. The Corps issued an easement for the pipeline’s Missouri [Read more]
UCP government readies throne speech for start of busy legislative session
EDMONTON - Alberta's United Conservative government is getting ready for a speech from the throne to open a legislative session that could be like no other. Lt.-Gov. Salma Lakhani is expected to deliver the speech in the legislature this afternoon. Throne speeches are intended to lay out the government's direction for the coming session and Premier Jason Kenney's government faces a series of controversial choices. The budget, which is to come Thursday, will show how the government [Read more]
RCMP say Coastal GasLink site in northern B.C. ‘attacked,’ causing significant damage
HOUSTON, B.C. - Mounties in northern British Columbia are investigating what they say was a violent confrontation between a group of about 20 people and Coastal GasLink employees at a work site for the pipeline. RCMP says in a news release they were called to the area early Thursday following reports that a group of people, some allegedly armed with axes, attacked security guards and smashed vehicle windows. Police say when they tried to reach the work site they were stopped by a downed [Read more]
Saudi Arabia keeps lid on oil output as prices rise
DUBAI, United Arab Emirates (AP) — Saudi Arabia is signalling it isn't willing to pump more oil and won't push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels. This has Washington concerned as gasoline prices rise and tensions with Russia over Ukraine fuel market uncertainty. The Biden administration dispatched Brett McGurk, the National Security Council's Middle East coordinator, and the State Department’s energy envoy, Amos [Read more]
Canada has existing options if Line 5 shuts down, environmental report argues
WASHINGTON - A new report by a Canadian environmental group says alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down. The report, commissioned by Environmental Defence, recommends upgrading Enbridge Inc.'s new Line 78 pipeline to handle most of what Line 5 now delivers to Ontario and Quebec, as well as several Midwestern states. The state of Michigan is in court with Enbridge in a bid to shutter Line 5, fearing an ecological disaster in the [Read more]
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