TERRACE, B.C. - The proposed Northern Gateway project reached a major milestone on Monday with the end of public hearings on the pipeline, and now the company will focus on resolving lingering questions, says president John Carruthers.Carruthers said the focus that has been on the joint review process for several years will now move to building public support and working with the British Columbia government, aboriginal groups and others who brought their concerns to the panel."It's a [Read more]
News
Suncor Energy reduces production as a result of flooding-related pipeline shutdowns
CALGARY, ALBERTA--(Marketwired - June 24, 2013) - Suncor Energy today reports that it has temporarily reduced production from its Fort McMurray operations as a result of the precautionary shutdown of the Enbridge pipeline system within the Fort McMurray region. "As a result of the precautionary pipeline shutdowns, our ability to move product out of the region has been restricted and we've temporarily slowed production at our oil sands operations," said Steve Williams, Suncor president and [Read more]
Enbridge Returns Line 19 South of Cheecham to Service; Provides Update on Line 37 Response
CALGARY, ALBERTA--(Marketwired - June 24, 2013) - Enbridge Pipelines (Athabasca) Inc., a subsidiary of Enbridge Inc., (TSX:ENB) (NYSE:ENB) has confirmed the return to service of the Athabasca Pipeline (Line 19) between Cheecham and Hardisty. Enbridge is making every effort to ensure the effective and efficient clean up of the release on Line 37, and in parallel to assess the existing pipelines that remain shut down and mitigate any risk to determine when they may be restarted. Enbridge shut [Read more]
DOWNTOWN SHUTDOWN
CALGARY - Several energy companies headquartered in downtown Calgary are trying to work around the flooding that's forced them out of their office towers and restricted access to the city core. Encana Corp. (TSX:ECA) said employees who are able to work have been asked to log in from home. "We are encouraging people, if they are capable, to work from home, but in our instructions to employees number one is, ensure the safety and security of your family and your property and [Read more]
Stampeding to recovery: Calgary rodeo to go ahead ‘come hell or high water’
CALGARY - The president of the Calgary Stampede says the world-famous event will go ahead next week "come hell or high water." Bob Thompson says crews have been pumping millions of litres of water from the rodeo grounds, which were swamped last week by extensive flooding that hit much of southern Alberta. "Throughout our entire history, we have never cancelled a show, despite two wars and a Great Depression — 2013 will be no exception," he said at a news conference Monday. "We [Read more]
Alberta gives $1 billion for relief; Redford says flood has changed province
CALGARY - The Alberta government is approving $1 billion to kick start the first phase of flood recovery in the province. Premier Alison Redford says the money will be used to support people who have been evacuated, as well as to run relief centres and to start rebuilding infrastructure. The government says it will provide pre-loaded debit cards to displaced residents to help with their immediate housing needs and day-to-day purchases. Those who qualify will receive $1,250 per [Read more]
Pennwest pipeline spill estimate grows with salt water
LITTLE BUFFALO, Alta. - Estimates of the size of a pipeline spill in northern Alberta have grown dramatically.Pennwest Exploration says between 400,000 and 600,000 litres of salty waste water escaped from the pipeline.That's in addition to 5,000 litres of oil originally reported .The spill is about 20 kilometres from the aboriginal community of Little Buffalo.It is affecting a swampy area of muskeg and wetlands.There are conflicting reports on the size of the area and any impact on [Read more]
TSX adds to losses on central bank concerns, flagging Chinese growt
TORONTO - The Toronto stock market was down sharply Monday, adding to last week's sharp losses amid signs that the U.S. Federal Reserve is getting ready to cut back on stimulus and more worry about China's economic rebound. The S&P/TSX composite index was off the worst levels of the session, coming back from a 237-point plunge to decline 120.84 points to 11,874.82 at mid-afternoon. The loss came on top of a slide of 192 points or 1.57 per cent last week. The Canadian dollar [Read more]
Gas prices unlikely to be affected by Alberta flooding
TORONTO - The flooding in Alberta may impact many sectors of the economy, but consumers shouldn't worry about gas price spikes just yet.CIBC economist Peter Buchanan says any significant problems would be a result of flooding at refineries, and would depend on the extent of any disruption.Gasoline may see a temporary spike if people rush to fill their tanks because they're worried about supplies running low, or if consumption increases with the use of water vehicles involved in rescue [Read more]
Husky Contributes $1 Million to Flood Relief Efforts
CALGARY, ALBERTA--(Marketwired - June 24, 2013) - Husky Energy (TSX:HSE)(TSX:HSE.PR.A) is donating $1 million to help with flood response and relief efforts in southern Alberta. "We have witnessed the devastating impact of flooding, but also the resilience of those impacted and the dedication of first responders," said CEO Asim Ghosh. "Recovery will be a long process, with many lending a helping hand. We are pleased to join that effort." To assist with immediate relief efforts, $250,000 [Read more]