ST. JOHN'S, N.L. - Newfoundland and Labrador's Energy Minister says he's unfazed by comments from the federal New Democrats saying the Liberal government will have a tough time justifying an approval of a new oilfield off the province's east coast. Andrew Parsons said in an interview today he expects opposition to Equinor's Bay du Nord offshore oil project, but he said he feels it’s up to environmental standards and should be approved. Federal NDP environment critic Laurel Collins said [Read more]
Alberta auditor general gives qualified thumbs-up to oil well cleanup spending
EDMONTON - Alberta's auditor general is giving qualified approval to how the provincial government handled the billion dollars it got from Ottawa to clean up abandoned oil and gas wells and get service contractors back to work. Doug Wylie says in a report today that the program was well run, but the government wasn't ready for how quickly things in the energy industry change. He says oil prices rose so high over the course of the program that energy companies began to put their money into [Read more]
Liberals, NDP reach deal to keep minority government in power till 2025
OTTAWA - The Liberals and New Democrats have reached an agreement that would see the NDP support Justin Trudeau's minority government through to 2025. The deal is a "confidence and supply" agreement effective immediately, Trudeau said Tuesday. This kind of agreement, a version of the deal the British Columbia NDP struck with the Greens in that province in 2017, generally involves an opposition party agreeing to support the government on confidence motions and budget or appropriation votes [Read more]
Visiting Canadian leaders doing U.S. damage control as rail dispute hits supply chain
WASHINGTON - Business leaders who happen to be in the U.S. capital today say they are in damage control mode as a work stoppage at CP Rail deals another blow to cross-border supply chains. Goldy Hyder, president and CEO of the Business Council of Canada, says U.S. lawmakers and counterparts — even White House officials — have been worried for weeks about a possible labour dispute. Hyder says the damage to Canada's reputation could be lasting, coming as it does on the heels of last month's [Read more]
Michigan wants ‘to have its cake and eat it too’ on Line 5
WASHINGTON - Business leaders from the United States and Canada are again wading into the fray over Line 5, accusing the state of Michigan of dragging its heels to ensure the controversial cross-border pipeline remains in a state of legal limbo even as both countries contend with a looming energy crisis. In a new joint amicus brief, the Canadian Chamber of Commerce, its U.S. counterpart and chambers in Michigan, Ohio, Pennsylvania and Wisconsin reiterate their concern that shutting down the [Read more]
Amid energy crisis, Ottawa urges Michigan to end crusade against Line 5 pipeline
WASHINGTON - The federal government is urging the state of Michigan to abandon efforts to shut down the controversial Line 5 cross-border pipeline. Natural Resources Minister Jonathan Wilkinson says the ban on energy imports from Russia means Canada and the U.S. need all the shipping capacity they can muster. Michigan Gov. Gretchen Whitmer has been trying to close Line 5 since November 2020, fearing a leak in the Straits of Mackinac, where the pipeline crosses the Great Lakes. The state [Read more]
Kenney tells municipalities no time to super-spend despite soaring oil cash
EDMONTON - Jason Kenney is telling municipal leaders that while the province is once again flush with oil cash, now is not the time to put spending into overdrive. Kenney says oil revenues that are soaring can just as quickly fall, and the government needs to be prudent in its funding decisions. Kenney made the comments in a speech to the Alberta Municipalities spring leaders caucus. The organization represents towns, villages and cities across Alberta. The United Conservative [Read more]
Premier says N.L. oil can replace Russian oil, but experts warn it’s not that easy
ST. JOHN'S, N.L. - Newfoundland and Labrador Premier Andrew Furey says oil from his province could help countries transition away from Russian fossil fuels, but experts warn it's not that simple. Though there may be immediate demand, there's no way to quickly boost oil production at Newfoundland's offshore oilfields to meet it, they say. And ultimately, any new oil project must still reckon with climate change and its effects on the global markets. "There are environmental costs, which can [Read more]
Canada can increase oil exports to U.S., but can’t fill hole left by Russia
CALGARY - Experts say Canada's oil industry has some capacity to increase exports to the U.S. in the wake of President Joe Biden's move to ban all Russian oil imports. Industry analysts say this country could ship between 200,000 and 400,000 thousand additional barrels of crude per day to the U.S. using existing pipelines and rail. But they say that can't happen immediately, as it takes time for oil producers to drill new wells and oilsands facilities to ramp up. U.S. government figures [Read more]
Alberta rural municipalities say unpaid oilpatch taxes rising despite high oil prices
Rural areas in Alberta say the amount of unpaid taxes from energy companies is growing despite high oil prices. Rural Municipalities of Alberta says its members were owed more than $250 million at the end of last year — up three per cent over the previous year. Meanwhile, the price of oil averaged nearly $70 US over 2021 and has spiked in the last weeks to more than $120. Paul McLauchlin, who's the president of Rural Municipalities of Alberta, says it's time for the province's energy [Read more]
- « Previous Page
- 1
- …
- 91
- 92
- 93
- 94
- 95
- …
- 553
- Next Page »