Alberta Oil

Ahead of Trans Mountain pipeline ruling, Canada says it wants Asia exports

Trans Mountain pipeline would transport Alberta oil to BC coast By David Ljunggren OTTAWA, Nov 15 (Reuters) – Canada’s natural resources minister said on Tuesday it was important that Canadian oil exports reach Asia, as the Liberal government prepares to decide whether to approve the Trans Mountain pipeline to the Pacific. Ottawa must decide by Dec. 19 on

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Enbridge won’t appeal Northern Gateway pipeline court decision

“Meaningful consultation and collaboration…is the best path forward”: Northern Gateway president TORONTO, Sept 20 (Reuters) – Oil company Enbridge Inc’s Northern Gateway pipeline project will not appeal a recent Canadian Federal Court of Appeal decision that reversed its approval pending consultations with aboriginal groups, it said on Tuesday. “We believe that meaningful consultation and collaboration,

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Penn West settles lawsuits over accounting errors, but admits no wrongdoing

Penn West settlement will be fully funded by company’s insurance CALGARY _ Penn West Petroleum Ltd. has reached agreements to settle a bevy of class-action lawsuits stemming from accounting errors it discovered in 2014. The settlement in the Canadian and U.S. cases will be fully funded by the company’s insurance, meaning its cash resources and

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Husky Energy issues more layoff notices, says step difficult but necessary

Husky Energy cut 400 jobs in Calgary CALGARY _ Slumping world oil prices continue to hit Calgary’s energy industry hard as more layoffs have been announced. Husky Energy (TSX:HSE) issued pink slips to 400 people arriving for work at the downtown Calgary office on Tuesday but there could be many more when cuts from their

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Alberta petrochemical sector gets boost from provincial program

Alberta petrochemical sector companies that produce value-added goods receive credits CALGARY _ The Alberta government aims to create thousands of jobs and reel in billions in investment by providing $500 million in royalty credits to the province’s petrochemical sector. The Petrochemicals Diversification Program announced Monday is one example of how the NDP government aims to

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Energy East pipeline debate: Canadian PM says his job is to bring people together

Energy East rejected by Montreal-area mayors MONTREAL _ The federal government’s role is not to force cities such as Montreal to accept energy projects, Prime Minister Justin Trudeau said Tuesday, a day after his opponents demanded he tell the city’s mayor to “smarten up” and accept the controversial Energy East pipeline. Trudeau met with Denis

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Trans Mountain pipeline project doesn’t meet B.C.’s 5 conditions, says minister

BC government continues to evaluate Trans Mountain pipeline project VANCOUVER _ Kinder Morgan is failing British Columbia’s test for proceeding with a proposed pipeline expansion, so far unable to prove it will meet key safety requirements or serve the province’s best interests, the environment minister says. Mary Polak said the company has not provided enough

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