CALGARY, ALBERTA--(Marketwired - Dec. 19, 2013) - Canada has reached an important milestone today with the release of the National Energy Board's (NEB) Joint Review Panel's recommendations on Enbridge Inc.'s Northern Gateway project. The Joint Review Panel (Panel), an independent body mandated by the NEB and the Minister of the Environment, reviewed Enbridge's application to construct two 1,170 kilometre pipelines from Bruderheim, Alberta to Kitimat, British Columbia and to construct and [Read more]
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Northern Gateway Reinforces Commitment to Building A Safer, Better Pipeline
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2013) - Northern Gateway Pipelines, L.P. announced today that the Joint Review Panel (the Panel) recommended that the federal government approve the project, subject to 209 required conditions. The Panel stated: "Based on a scientific and precautionary approach to this complex review, the Panel found that the project, if built and operated in compliance with the conditions set out in its report, would be in the public interest." The [Read more]
Gitga’at First Nation Disappointed in Joint Review Panel Recommendation; Hopes Federal Government Will Reject Enbridge’s Northern Gateway Project
HARTLEY BAY, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2013) - The Gitga'at First Nation is disappointed in the Joint Review Panel's recommendation on the Northern Gateway project, but is hopeful the Federal government will reject the project as inconsistent with its constitutional and international legal obligations to respect the rights of Aboriginal peoples and in the interest of building positive relationships with the Gitga'at and other BC First Nations. "We are disappointed in the Joint [Read more]
Northern Gateway Decision Supports Oil Market Diversification
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2013) - The Canadian Association of Petroleum Producers today welcomed the National Energy Board's joint review panel decision on the Alberta-B.C. Northern Gateway oil pipeline project. "The decision, with its outlined conditions, is an important milestone in the process to achieve market diversification for Canada's valuable oil products," said CAPP vice-president Greg Stringham. It states this project is in the public interest. The conditions provide a [Read more]
Oil rises, natural gas soars to 29-month high
The price of oil rose one per cent Thursday as stockpiles declined and there were new indications that demand is rising in the United States, the world's largest crude consumer. Meanwhile, natural gas soared nearly five per cent to close at US$4.46 per thousand cubic feet — the highest price since July of 2011 — after the government reported a huge draw in supplies, the result of cold temperatures across the U.S. in recent weeks. The Energy Department said Thursday that natural gas [Read more]
Enbridge Joint Review Panel Recommendation Has No Effect on First Nations Northern Gateway Ban: Yinka Dene Alliance
VANDERHOOF, BRITISH COLUMBIA/YINKA DENE TERRITORIES--(Marketwired - Dec. 19, 2013) - First Nations of the Yinka Dene Alliance (YDA) reacted with disappointment but little surprise to today's Joint Review Panel (JRP) recommendation to approve Enbridge's Northern Gateway pipelines and tankers project, emphasizing that Enbridge's Northern Gateway pipelines have already been banned from YDA territories as a matter of Indigenous law. Chief Martin Louie of the Nadleh Whut'en First Nation, [Read more]
Northern Gateway important opportunity for Canada
ACEC-Canada applauds decision of Joint Review Panel OTTAWA, Dec. 19, 2013 /CNW/ - The Association of Consulting Engineering Companies - Canada (ACEC) today applauds the work of the Joint Review Panel (JRP) and its finding that the proposed Northern Gateway Pipeline fits squarely within Canada's national interest. After an exhaustive consultation and review process, the JRP's finding now paves the way for a federal approval of what will be an important and beneficial piece of infrastructure for [Read more]
Chinook Energy Inc. Announces Budget and Guidance for 2014
CALGARY, ALBERTA--(Marketwired - Dec. 19, 2013) - Chinook Energy Inc. (TSX:CKE) ("Chinook", "we", "our" or "us") announced today its capital and operating budget and associated guidance for 2014. Our 2013 drilling success in the Beaverlodge, Albright and Karr areas added significant oil production volumes to our Canadian business which has a multi-year development drilling inventory and an expandable cash flow based 2014 budget. In Tunisia, we recently received approval to drill six (4.3 net) [Read more]
Joint Review Panel recommends approving the Enbridge Northern Gateway Project
CALGARY, Dec. 19, 2013 /CNW/ - The Joint Review Panel (the Panel) for the proposed Enbridge Northern Gateway Project today recommended that the federal government approve the project, subject to 209 required conditions. Based on a scientific and precautionary approach to this complex review, the Panel found that the project, if built and operated in compliance with the conditions set out in its report, would be in the public interest. The Panel also recommended that the Governor in Council [Read more]
Oil trains raise concerns in small towns, cities
WOLF POINT, Mont. - It's tough to miss the trains hauling crude oil out of the Northern Plains. They are growing more frequent by the day, mile-long processions of black tank cars that rumble through wheat fields and towns, along rivers and national parks.As common as they have become across the U.S. and Canada, officials in dozens of towns and cities where the oil trains travel say they are concerned with the possibility of a major derailment, spill or explosion, while their level of [Read more]