British Columbia's premier said on Tuesday his government will introduce legislation next year that will require all new light-duty cars and trucks sold in the province by 2040 to be electric or zero-emission vehicles.Premier John Horgan said the government will phase in the sales targets, which apply only to new vehicles. They will start at 10 percent by 2025, rising to 30 percent by 2030 and 100 percent by 2040. To support the plan, British Columbia will expand its fast-charging network [Read more]
Headlines
Marquee Energy Ltd. Announces Securityholder Approval and Final Court Approval of Plan of Arrangement
CALGARY, Nov. 20, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") are pleased to announce that, at the special meeting of shareholders of Marquee held yesterday (the "Meeting"), the shareholders and optionholders of Marquee overwhelmingly voted in favour of a special resolution to approve the proposed plan of arrangement with Prairie Provident Resources Inc. (the "Arrangement") pursuant to which, among other things, Prairie Provident Resources Inc. will acquire all of [Read more]
Birchcliff Energy Ltd. Announces TSX Approval for Renewed Normal Course Issuer Bid
CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB”). The NCIB will commence on November 23, 2018 and will terminate on November 22, 2019, or such earlier time as the NCIB is completed or is terminated at the option of Birchcliff. Purchases under the NCIB will be [Read more]
Marksmen Announces Operational Update
CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC of Ohio. Marksmen is pleased to announce that on November 17, 2018 a cased-hole whip-stock assembly was successfully placed in the production casing. The whip-stock assembly was placed with a service rig and milling operations were initiated. The whip-stock will be used to [Read more]
NEB hearings on Trans Mountain pipeline start with Indigenous smudging ceremony
CALGARY - A rooftop smudging ceremony where herbs were burned and prayers said served as a proxy for swearing in as the oral traditional evidence gathering part of a National Energy Board reconsideration of the Trans Mountain pipeline expansion project began Tuesday. Lyne Mercier, vice-chair of the NEB and chairwoman of the three-member panel hearing evidence, welcomed Indigenous presenters from the Louis Bull Tribe about 80 kilometres south of Edmonton as the first to speak as three weeks of [Read more]
Husky Energy Provides Update on White Rose
CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Production remains shut in at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather and an oil release late last week. Husky Energy (TSX:HSE) had shut in production at the White Rose field Thursday, November 15 due to operational safety concerns resulting from severe weather. The release occurred during restart procedures on Friday, November 16. Husky was in [Read more]
Alberta boosts incentives for new petrochemical plants
Alberta said on Tuesday that it will double its incentives for companies developing new plants to make petrochemical products, as the Western Canadian province seeks to diversify its economy beyond crude extraction and export. The province will now provide royalty credits worth $2.1 billion, up from earlier commitments totaling $1.1 billion, to projects that convert natural gas and oil into value added products like gasoline, fertilizer and plastics. Alberta said it was expanding the [Read more]
Pulse Oil Corp. Announces Closing of $11,300,520 Equity Financing, Including Exercise of Over-Allotment Option, and Start of EOR, Reactivations and Drilling
CALGARY, Nov. 20, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced the closing of its previously announced (November 12, 2018) public offering (the "Offering") led by Mackie Research Capital Corp. and Pulse's concurrent strategic private placement (the "Placement") for gross proceeds of $11,300,520, including the exercise of the over-allotment option under the Offering. Pulse will immediately begin to carry out its business plan to grow production, [Read more]
AltaGas Appoints Randall Crawford as Chief Executive Officer
AltaGas solidifies senior leadership team and readies to execute on opportunities in Gas and U.S. Utilities CALGARY, Nov. 20, 2018 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) today announced the appointment of Randall (Randy) Crawford as Chief Executive Officer and member of the Board of Directors, effective December 10, 2018. Mr. Crawford assumes this role from David Cornhill and Phillip Knoll who will continue as interim co-CEOs until the effective date. Mr. Crawford will join the AltaGas [Read more]
Why do we need proper energy advocacy? Because look at the damage when the Globe and Mail takes the wheel
No one out there needs reminding of how difficult it is to produce petroleum in Canada these days. The regulatory quagmire and relentless attacks from well-organized opponents are the most visible obstacles. Other impediments are equally frustrating, like, for example, the media’s refusal to comment on just how valuable natural gas is to BC at this very moment, and how oddly backwards it is for many to be condemning fossil fuels at the very moment they are in grave danger of not having [Read more]