CPAs say recent wildfires will have long-term economic impact According to the BC Check-Up, an annual economic report released by the Chartered Professional Accountants of British Columbia (CPABC), provincial GDP is forecasted to 2.9 per cent in 2017, and 2.0 per cent in 2018. “B.C.’s strong economy continued to attract residents last year, and the […]
B.C. economy expected to slow in 2018 Read More »
Energy costs likely to go up, even with new efficiency standards in buildings A trio of Vancouver city policies amounts to a de facto ban on natural gas in pursuit of a “100% renewable energy” target, according to a study from Resource Works. The study claims the ban is based on insufficient renewable natural gas and could
In 2016, the NEB evaluated 14 full scale emergency response exercises The National Energy Board(NEB) will take part in a full scale emergency response exercise at Kinder Morgan’s Burnaby Terminal, in Burnaby, British Columbia and at the Incident Command Post in Coquitlam, according to a press release. The exercise is a requirement under a condition of the Trans
Kinder Morgan to hold full scale emergency response exercise in Burnaby Read More »
Testing locations include both ends of the Keystone pipeline TransCanada says a set of very sharp ears is being added to their pipeline monitoring and leak detection program, thanks to innovative new technology from Calgary based Hifi Engineering. After extensive testing in the lab, TransCanada, Enbridge and the Government of Alberta are teaming up for a
TransCanada testing new Calgary based pipeline safety technology Read More »
Oil export volumes continued to increase despite lower oil prices Over the last 30 years, the total value of Canadian exports has increased seven-fold, from $95 billion in the first quarter of 1987 to $664 billion in the first quarter of 2017, according to a National Energy Board press release. During this time period, the value of energy exports
Energy’s share of Canadian exports growing again – NEB Read More »
Program expected to attract $10.5 billion of investment into Alberta economy- AESO Alberta moves one step closer to its target of 30 per cent renewable energy by 2030 as round one of the Renewable Electricity Program enters the request for proposals stage, according to a press release. The Alberta Electric System Operator (AESO) has invited
Strong investor interest in renewables program – AESO Read More »
Economic environment does not support partners’ vision of developing a large LNG business Aurora LNG and its partners, Nexen Energy and INPEX Gas British Columbia (IGBC), made a strategic decision to end the Aurora LNG feasibility study and will cease all investigation activity, effective immediately, according to a press release. Over the past four years,
Nexen and partners pull feasibility study on B.C. LNG project Read More »
Japan Canada Oil Sands first Japanese-owned company to invest in the oil sands, starting in 1978 Premier Rachel Notley, representatives from Japan and local officials marked the opening of the Japan Canada Oil Sands Ltd. Hangingstone project near Fort McMurray, according to a press release. This Steam Assisted Gravity Drainage (SAGD) project is the culmination
$2 billion Japan Canada Oil Sands expansion ramps up near Fort McMurray Read More »
First project to receive support is Town of Hanna’s Community Action to Create Diversification project Alberta has launched the Coal Community Transition Fund, which will be available for projects that focus on regional partnerships and economic diversification, according to a government press release. The fund, which is also expected to grow with additional support from
Alberta launches Coal Community Transition Fund Read More »
NEB considering upstream and downstream greenhouse gas emissions in project On Sept. 8 the NEB suspended its review of the Energy East and Eastern Mainline projects for 30 days, following a request from proponent TransCanada, according to a press release. During this period, the Board will not issue further decisions or take further process steps relating to
NEB grants suspension for TransCanada’s Energy East, Eastern Mainline pipeline projects Read More »
