Category
Energy
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Enbridge sells distribution business in N.B. to Algonquin Power and Utilities
CALGARY – Enbridge Inc. has signed a deal to sell its natural gas distribution business in New Brunswick to Algonquin Power and Utilities Corp. for $331 million in cash. Enbridge Gas New Brunswick operates and maintains more than 1,200 km…
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Overflowing oil production continues to dampen oilpatch outlook, prices
CALGARY – Oil market analyst Kevin Birn likens Western Canada’s crude supply to a bathtub with a drain that’s too small to keep up with the increasing volume pouring out of the tap. As barrels of surplus oil lap the…
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Energy sector pushes TSX higher after Alberta says it will cut production
TORONTO – Canada’s main stock index was up in late-morning trading after Alberta’s announcement that it will impose oil production cuts on the sector helped lift the market. The S&P/TSX composite index was up 25.10 points at 15,222.92. In New…
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Oilpatch share buybacks drive record high totals on the Toronto Stock Exchange
CALGARY – Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that’s already reached a record high this year. Using scarce dollars to buy your own…
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Pressure mounts on Ottawa to review N.S mill’s contentious effluent pipeline
HALIFAX – A proposal to pump millions of litres of treated pulp mill waste into the Northumberland Strait is a clear case for Ottawa’s toughest environmental review process, say veteran fisheries scientists, who contend many questions remain on how a…
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Alberta oil communities need a transition plan, not new pipelines
Prime Minister Justin Trudeau’s recent visit to Calgary drew thousands of protesters frustrated by the low price for Alberta oil in the United States and the federal government’s failure to oversee construction of a pipeline. In response, Trudeau acknowledged “this…
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Alberta buying its own rail cars to move oil without feds, Notley says
OTTAWA – Alberta Premier Rachel Notley says her government will buy its own rail cars to transport more oil to market. She says her province wanted co-operation from the federal government to buy them, but with Alberta oil prices just…
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Morneau vows oilpatch support through Trans Mountain as protesters chant outside
CALGARY – Hundreds of protesters chanting “Build that pipe now” jammed a downtown Calgary street for the second time in five days on Tuesday, this time to mark a speech by federal Finance Minister Bill Morneau. Organizer James Robson with…
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B.C. intervenes in greenhouse gas fight between Ottawa, Ontario and Saskatchewan
VICTORIA – British Columbia is backing the federal government in its court battles with Saskatchewan and Ontario over Ottawa’s plan to put a minimum price on carbon pollution. Attorney General David Eby said Tuesday that B.C. will argue the federal…
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B.C. chief tells NEB pipeline hearings his people are responsible for their land
VICTORIA – First Nations leaders from British Columbia told a National Energy Board hearing in Victoria that there are serious concerns about the potential impacts of an expanded Trans Mountain pipeline on their homelands. Two leaders representing the Fraser Valley’s…