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Friday, April 19, 2019
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Alberta’s UCP would create Indigenous crown corporation, help investments

EDMONTON, A.B. - United Conservative Leader Jason Kenney says an Alberta government led by him would help Indigenous communities invest in resource projects.He says a UCP government would consult with First Nations in establishing a Crown Corporation called the Aboriginal Opportunities Corporation.And it would backstop up to $1 billion in Indigenous investment in natural resource projects and infrastructure, including...

Crude by rail rises in March but storage high despite Alberta curtailments

CALGARY, A.B. - Genscape says crude-by-rail shipments from Western Canada staged a minor recovery in March after falling in February to their lowest level in nine months, but oil storage levels remain stubbornly high.The U.S. company, which monitors western Canadian rail terminals handling about 80 per cent of typical volumes, reports average rail loadings in March were 150,000 barrels...

Shell urges CAPP to adjust emission policies to support carbon pricing

CALGARY, A.B. - Global energy giant Royal Dutch Shell is urging Canada's largest oil and gas organization to get off the fence and support both the Paris climate accord and the pricing of carbon to encourage greenhouse gas emission reductions.In a new report, Shell says it has reviewed its relationships with 19 industry associations around the world and decided...

Members of B.C. First Nation plan new camp to block natural gas pipeline path

HOUSTON, B.C. - Members of a First Nation in northern British Columbia who oppose a planned pipeline through their traditional territory say they will build a new camp to block its path.A statement posted on Facebook on Tuesday says the Likhts'amisyu clan of the Wet'suwet'en First Nation is asserting its sovereignty by creating ``a new, permanent land reclamation on...

LIVE – Video stream of the Caribou Recover Public Meeting

FORT ST. JOHN, B.C. -  The Province of B.C. will hold a public meeting on Tuesday, April 2, at 5:30 p.m. about the draft Caribou recovery program.The meeting will happen at the Pomeroy Hotel and Conference Centre in Fort St. John.  Energeticcity.ca will be streaming the meeting when it starts at approximately 5:30 p.m.  The meeting will be live...

UCP’s Kenney promises to cut approval times in half for energy projects

TURNER VALLEY, A.B. - Leader Jason Kenney says a UCP government in Alberta would reduce wait times on energy projects to try to make them the fastest in North America.Kenney says approvals for oil wells currently take 1 1/2 year, which he says places Alberta far behind Saskatchewan and U.S. jurisdictions and puts the province at a competitive disadvantage.He...

Oil storage firm Gibson Energy sells trucking assets to grow terminal core

CALGARY, A.B. - Gibson Energy Inc. says the sale of its trucking arm means it has completed all of the non-core asset sales it targeted a year ago as part of a strategy to focus on its Alberta oil storage and handling assets.The Calgary-based company, which helps send one in four barrels of crude exported from Western Canada through...

Cenovus asks investors to vote against emissions target motion at annual meeting

CALGARY, A.B. - Oilsands producer Cenovus Energy Inc. is recommending investors at its annual general meeting vote against a shareholder motion requiring it to set greenhouse gas emission targets aligned with the goals of the Paris climate accord.The proposal by the Fonds de Solidarite des Travailleurs du Quebec would force Cenovus to set medium- and long-term targets for its...

Hundreds of people turn out for first Caribou meeting in Chetwynd

CHETWYND, B.C. - The first Caribou Recovery meeting happened Monday in Chetwynd and hundreds of people attended.Estimates put close to 600 people were in attendance with even more watching the live stream.  The next meeting will be Tuesday night in Fort St. John starting at 5:30 at the Pomeroy Hotel and Conference Centre.  Energeticcity.ca will live stream the meeting.Peace...

Notley says Kenney rail cancellation plan forgoes jobs, leaves oil in ground

CALGARY, A.B. - Alberta NDP Leader Rachel Notley says the United Conservative Party's budget plan will leave oil in the ground, limit job creation and cost the province $2.2 billion in royalties.Notley says UCP Leader Jason Kenney needs to account for lost revenue in his budget platform since he would cancel the government's plan to get more oil to...

Trump issues new permit for stalled Keystone XL pipeline

WASHINGTON - President Donald Trump has issued a new presidential permit allowing construction of the Keystone XL oil pipeline, two years after he first approved the long-stalled project.Trump said the permit issued Friday replaces one granted in March 2017. It is intended to speed up development of the controversial pipeline, which would ship crude oil from tar sands in...

Bellatrix plunges on proposal to trade debt for 83.5% of its equity value

CALGARY, A.B. - Shares in Bellatrix Exploration Ltd. fell by as much as 35 percent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 percent of the company.The Calgary-based oil and gas producer says it intends to exchange US$146 million in senior unsecured notes due in 2020 for US$100 million in new debt...

Recently elected Democratic administration could also try to shut down existing pipeline

CALGARY, A.B. - A move by the governor of Michigan to halt work on a project to replace Enbridge Inc.'s 65-year-old Line 5 pipeline is raising fears that the recently elected Democratic administration could also try to shut down the existing pipeline.Analyst Matthew Taylor of Tudor Pickering Holt & Co. says that could result in crude supply disruptions for...

Potential Trans Mountain pipeline buyer says it agrees with federal principles

CALGARY, A.B. - One of the leaders of a First Nations consortium planning to offer $6.8 billion for majority ownership of the Trans Mountain pipeline says federal government principles for Indigenous buyers are ``exactly aligned'' with its goals.Harrie Vredenburg, a Project Reconciliation executive board member and professor at the University of Calgary's Haskayne School of Business, says the principles...

Alberta Liberal leader would give municipalities veto over oil and gas drilling

EDMONTON, A.B. - Alberta Liberal Leader David Khan says he would give municipalities a veto over oil and gas drilling within their boundaries if his party were to win the April 16 election.He says that would allow local governments to plan for safe and sustainable growth and development.Khan also says he would provide municipalities greater autonomy by amending the...

Alberta NDP’s Notley promises $1.4B to expand network of roads for heavy loads

FORT MCMURRAY, A.B. - NDP Leader Rachel Notley is promising to spend $1.4 billion to expand Alberta's network of roads that handle large and oversized loads.Notley says the current 6,500-kilometre network is recognized as one of the best in North America, but more needs to be done.She says a re-elected NDP government would work to increase the network to...

Green leader criticizes new LNG tax credit

VICTORIA, B.C. - The B.C. government's proposals to rewrite tax laws for LNG developments are getting a thumbs down from environmental groups.Green Leader Andrew Weaver says amendments to tax laws introduced yesterday show the government's hypocrisy because they lead the province away from its Clean-BC plan to reduce carbon pollution.Peter McCartney of the Wilderness Committee also criticized the legislation...

B.C. brings in tax credit to help spur liquefied natural gas investment

VICTORIA, B.C. - British Columbia is changing the province's tax structure for liquefied natural gas projects, aiming to encourage more development through a natural gas tax credit.Finance Minister Carole James says the change was introduced in legislation today and is meant to bring jobs and other financial benefits to the province through economic partnerships with Indigenous Peoples while also...
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