CALGARY - A Supreme Court of Canada ruling on bringing beer from Quebec into New Brunswick has implications for the trade war between Alberta and B.C. over the Trans Mountain pipeline expansion. Experts say the court seems to be addressing the issue in its decision when it notes that while some trade barriers can be allowed in some circumstances, those designed to punish another province or to protect a local industry would not be permissible. Howard Anglin, executive director of [Read More…]
Headlines
Caisse de depot pension fund reveals stake in Kinder Morgan
Canada's second biggest public pension fund, Caisse de depot, held a 7.8 percent stake in Kinder Morgan Canada Ltd at the end of last year, according to its annual report, making it the largest independent shareholder of the pipeline company at the center of a contentious expansion project. Caisse de depot et placement du Quebec, which discloses its shareholdings in Canadian companies once a year,said it acquired the stake in the period following Kinder Morgan Canada's initial public offering [Read More…]
Kelt Announces Results of Shareholders’ Meeting and Additions to Its Board and Executive Team
CALGARY, Alberta, April 19, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held April 18, 2018 have been fully authorized and approved. A total of 113,455,276 common shares, representing 62.94% of the common shares, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the votes is set forth [Read More…]
Saturn Oil & Gas Inc. Increases Land Position and Closes Pooling Agreement
SASKATOON, Saskatchewan, April 19, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that the Company was successful bidder on two sections of land in the recent Saskatchewan Crown land sale. This brings the Company's total land holding to 15.0 gross sections (10.5 net). The Company has also closed a Pooling Agreement (the “Agreement”) with a major Viking producer to develop its Whiteside property. The two sections [Read More…]
A climate change breakthrough – 90 percent of oil sands oil will never leave the ground. So please adjust environmental agendas, thanks
A while back, a long while back, the US declared a “war on drugs” in an attempt to shrink the illegal drug trade. In the “ready, fire, aim” way that governments specialize in, they attacked the problem like a donkey attacks a Rubik’s cube. That was in 1971. Today, the “war” remains in the sense of the mythical Japanese soldier on a deserted island that doesn’t know World War II has ended yet. The Obama administration officially dropped the term because it was “counter-productive” which is [Read More…]
Kinder Morgan CEO says recent events confirm Trans Mountain may be ‘untenable’
CALGARY - The CEO of Kinder Morgan says events in recent days have reinforced his concerns about the viability of the Trans Mountain oil pipeline expansion project. "It's become clear this particular investment may be untenable for a private party to undertake. The events of the last 10 days have confirmed those views," Steve Kean said on a conference call Wednesday. "We've pointed out there are significant differences between governments, and those differences are outside of our [Read More…]
Carr downplays tanker traffic risk, says legislation not developed yet
OTTAWA - The federal Liberal government hasn't yet "landed" on its promised legislative option to push the Trans Mountain pipeline expansion forward, says Natural Resources Minister Jim Carr. Justin Trudeau's government is "actively pursuing" legislation that will reassert Canada's constitutional authority to build and expand pipelines, the prime minister promised Sunday after an emergency meeting with the feuding premiers of B.C. and Alberta. However, it hasn't yet figured out what it [Read More…]
Kinder Morgan Canada Limited Declares Dividends and Announces Results for First Quarter of 2018
Seeks Clarity on Path Forward, Shareholder Protection on Trans Mountain Expansion Project CALGARY, April 18, 2018 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the first quarter of 2018 of $0.1625 per restricted voting share ($0.65 annualized), payable on May 15, 2018, to restricted voting shareholders of record as of April 30, 2018. KML's restricted voting share dividends are eligible dividends for Canadian income tax purposes. "KML had [Read More…]
B.C. says it will file pipeline reference case in Appeal Court by April 30
VICTORIA - British Columbia will file its Trans Mountain pipeline reference case with the court by April 30, but the government can't say if a ruling will come in time for Kinder Morgan's deadline for certainty. Attorney General David Eby said Wednesday the province will take its case to the B.C. Court of Appeal, the highest court that it is able to refer such questions under the province's Constitutional Question Act. The details of the action and the question or questions the government [Read More…]
Open Letter to University of Alberta
To: David Turpin, President and vice-chancellor of the University of Alberta David, I understand that the University of Alberta has decided to award an Honorary Degree to David Suzuki. I have tried over the years to support the University as a whole, the Law School and the Golden Bears Hockey team. In part, I am able to do this because of the support my community provides me, and in part because of my employment in an industry related to the energy industry. I view this recent action by [Read More…]
