VANCOUVER - British Columbia has amended the conditions of its environmental assessment certificate for the Trans Mountain pipeline expansionand told the federal government it still has concerns about its response to potential marine oil spills. The changes announced in late February focus on the impacts of marine shipping and potential oil spills from ships related to the pipeline project. The expansion is set to nearly triple the capacity of the existing 1,150-kilometre pipeline that [Read more]
Indigenous groups still aim to buy Trans Mountain pipeline, even as costs soar
CALGARY - Indigenous-led groups say they remain committed to pursuing ownership of the Trans Mountain pipeline, even as cost overruns for the pipeline expansion project soar. The estimated construction costs of the pipeline expansion now sit at $21.4 billion, up from an earlier estimate of $12.6 billion. Because of previously signed shipper contracts, only 20 to 25 per cent of the increased costs can be passed on to oil companies in the form of tolls. Nesika Services executive director [Read more]
Kenney set to announce relief plan for Alberta drivers facing high gasoline prices
EDMONTON - Jason Kenney is expected to announce relief today for drivers being hit hard in the wallet at the gas pumps. The relief will begin on April 1 and will shave 13 cents per litre. Kenney has called a news conference for this afternoon, following an announcement he made last week promising a plan to address high gasoline prices. He has said Alberta’s economy is reaping windfall profits due to soaring global oil prices, but consumers are paying a hefty price. Kenney said officials [Read more]
Kenney says province drafting relief plan to address soaring gas pump prices
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]
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