BOE Report Alberta’s incoming premier has set the stage for a showdown with Canada’s federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau. Danielle Smith, 51, was chosen by members to lead Alberta’s ruling United Conservative Party (UCP) on Thursday, just seven months ahead
Reuters WINNIPEG, Manitoba (Reuters) – Canada’s oil producers face new pressure from Prime Minister Justin Trudeau to reduce emissions in just three years, a sudden acceleration of their plans that at least one major company said looks unrealistic. Suncor Energy, the second-largest Canadian crude producer, says it remains focused on cutting emissions by 2030, not 2025 as the Canadian government
Reuters WASHINGTON/OTTAWA – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will try on Tuesday to move past an early disagreement after Biden blocked the Canadian-backed Keystone XL pipeline and look to reset relations after the rocky years of Donald Trump. In his first bilateral meeting with a foreign leader since taking office last month, Biden is expected
Reuters OTTAWA – Canada will invest around C$2.5 billion ($1.8 billion) in measures to help the hard-hit oil and gas industry and is working to ensure vulnerable firms have access to more credit, Prime Minister Justin Trudeau said on Friday. Canadian energy companies have urged Ottawa to free up credit and cash to help them cope with the coronavirus outbreak
Reuters WINNIPEG, Manitoba/OTTAWA – In 35 years of working in Alberta’s oil patch, home to the world’s third-largest crude reserves, Ray Mildenberger endured a volatile industry’s ups and downs without being laid off. That changed in October, when Mildenberger, 60, and five co-workers of an oil service company in Grande Prairie, Alberta, lost their jobs. Mildenberger turned to selling truck
From BNN/Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The line will add 590,000 barrels
Trans Mountain Expansion gets boost from British Columbia top appeals court ruling; could go to Supreme Court of Canada next Trudeau government pledged to buy Trans Mountain Expansion project from Kinder Morgan for $4.2 billion – has to make decision to proceed with purchase, or not, by June 18 From BNN Bloomberg British Columbia’s top appeals court ruled that the
From Bloomberg Canada’s opposition Conservatives, leading in the polls ahead of October elections, will seek to make the country oil independent within 10 years if they win power, the party’s leader said Thursday. Andrew Scheer, the front-runner to unseat Prime Minister Justin Trudeau, said he’ll work toward that goal by creating a single corridor of energy infrastructure across the country
From Bloomberg A wide margin of Canadians support an oil pipeline that Prime Minister Justin Trudeau’s government is pushing to build — though it remains unpopular among some voting blocs key to his reelection, a poll has found. In a poll published Wednesday by the Angus Reid Institute, 53 percent of Canadians said they support both the Trans Mountain pipeline, bought last year by
From Bloomberg It’s a rough time in Canada’s oil patch, and the energy industry is warning that Justin Trudeau is about to make it worse. The bottom has fallen out of Canadian heavy crude prices, with their discount relative to the U.S. benchmark near a record amid a supply glut and persistent transport constraints. Trudeau’s government, meanwhile, is both trying to complete
From Bloomberg Encana Corp.’s founder and former Chief Executive Officer Gwyn Morgan said he’s disappointed by the driller’s $5.5 billion purchase of Newfield Exploration Co., which moves focus to the U.S. and dashes his hopes that the company would represent Canada on the world stage. Morgan, who named the oil and gas producer Encana to evoke “Energy Canada,” blames the move
B.C.’s Horgan is steadfast in goal to keep pipe project out of his province; Trudeau seeks federal jurisdiction over line From Bloomberg “We are going to get the pipeline built. It is a project in the national interest,” Prime Minister Justin Trudeau told reporters Sunday after meeting with premiers of British Columbia and Alberta. He asked Finance Minister Bill Morneau
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