VANCOUVER - Multiple legal challenges aimed at overturning the federal government's approval of the Enbridge (TSX:ENB) Northern Gateway pipeline will be heard starting Thursday.The challenges are expected to bring new scrutiny to the government's environmental approval process and its responsibility to consult with aboriginal groups.Eight First Nations, four environmental groups and one labour union launched the legal actions, which will be heard at the Federal Court of Appeal over six days in [Read more]
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Alberta’s outgoing U.S. representative blasts NDP on last day of his contract
EDMONTON - Alberta's outgoing senior representative to the United States took some parting shots at the NDP government on the final day of his contract.Rob Merrifield said Wednesday that Premier Rachel Notley's decision to dismiss him comes as Washington grapples with key economic and trade issues that are critical to the province.He said those include the proposed Keystone XL oilsands pipeline and the U.S. country-of-origin meat-labelling law.Merrifield said now is not the time to send mixed [Read more]
Saturn Minerals Inc. Granted Approval for an Oil Exploration Well at Bannock Creek
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI) (FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that the Saskatchewan Ministry of the Economy has granted approval to the Company for one Red River or Deadwood Formation oil well, at the Company's Bannock Creek property, located at 9-5-44-8 W2M. The approval was granted to Saturn by a Minister's Order dated September 17, 2015, correcting the Order initially issued to Jaguar [Read more]
CPPIB to invest $1 billion for energy infrastructure in Western Canada
TORONTO - Canada's largest pension fund manager is committing $1 billion for energy infrastructure acquisitions in Western Canada, in partnership with a private Calgary-based firm with expertise in the sector.Canada Pension Plan Investment Board said Wednesday it will provide the funding for mid-stream acquisitions that will be identified and evaluated by Wolf Infrastructure Inc.Their focus will be on processing facilities, gathering systems, pipelines, storage facilities and terminals used by [Read more]
Veresen Announces Jordan Cove LNG and Pacific Connector Gas Pipeline Receive Final Environmental Impact Statement
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2015) - Veresen Inc. ("Veresen" or the "Company") (TSX:VSN) announced today that the Federal Energy Regulatory Commission ("FERC") in the United States has issued a final Environmental Impact Statement ("EIS") for Jordan Cove LNG and Pacific Connector Gas Pipeline ("Pacific Connector"). Jordan Cove LNG and Pacific Connector formally filed applications with the FERC for approval to construct a liquefied natural gas ("LNG") export terminal at Coos Bay, [Read more]
Alberta government’s timing of climate change review likely to aggravate effects of downturn
Ever since the left-leaning NDP's surprise win in the May provincial elections this year, the province's mainstay industry has more than just a severe commodities price drop to concern itself with. Much has already been made of the government's plan to go through with royalty review and corporate tax increases. This has tended to obscure the government's equally significant decision to carry out a comprehensive review of the province's climate change policies. Much like the Royalty Review [Read more]
AltaGas Ltd. Announces Closing of $300 Million Common Share Offering
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2015) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that it has closed its previously announced public offering of 8,760,000 common shares (the "Common Shares") at a price of $34.25 per Common Share (the "Offering Price") for total gross proceeds of approximately $300 million (the "Offering"). The Offering was first announced on September 21, 2015 when AltaGas entered into an agreement with a syndicate of underwriters [Read more]
TransCanada Will Apply to Nebraska Public Service Commission to Approve Keystone XL Route
CALGARY, ALBERTA--(Marketwired - Sept. 30, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it will file an application with the Nebraska Public Service Commission (PSC) to seek approval for the Keystone XL route through the state. TransCanada is also in the process of withdrawing its current eminent domain actions and is taking steps to terminate constitutional court proceedings in Holt County, Nebraska. "After careful review, we believe that [Read more]
Keystone XL pipeline developer shifts course in Nebraska, drops eminent domain claims
LINCOLN, Neb. - The developer of the Keystone XL pipeline is shifting course in Nebraska and will withdraw lawsuits seeking to gain access to the property of landowners who oppose the project, the company announced Tuesday.TransCanada Inc. said it will abandon its current efforts to invoke eminent domain through the courts and will reapply for state approval despite having received the go-ahead from former Republican Gov. Dave Heineman in 2013.Heineman approved the project under a now-contested [Read more]
TransAlta Announces $47 million in Cost Savings Through Position Eliminations, Efficiency and Productivity Initiatives
CALGARY, ALBERTA--(Marketwired - Sept. 29, 2015) - TransAlta Corporation ("TransAlta") (TSX:TA)(NYSE:TAC) today announced further staff reductions as it continues to focus on improving its competitive position and meeting the needs of its customers in a dynamic economic environment. Earlier this year TransAlta improved productivity at its Canadian coal and mining business unit by reducing the headcount by 247 employees and optimizing mine operations, changes which are expected to [Read more]