California passed zero emission vehicle regulations in 2005 In Oct. 2016 the Quebec government passed the ZEV Act, giving that province the power to require car manufacturers to sell or lease a minimum number of zero-emission [Read more]
Historically, most of Canada’s imported LNG came from Caribbean and Middle East Canada’s only liquefied natural gas (LNG) import facility – the Canaport LNG terminal in New Brunswick – was completed in 2009 to supply natural gas to eastern [Read more]
Wataynikaneyap Power Transmission Line Project will connect remote First Nations communities to Ontario power grid, eliminate need for diesel electricity generation One of the most ambitious and transformative infrastructure projects in Canada’s history got the [Read more]
Economic recession around 2009 affected business activity, but resulted in a broader decrease in electricity demand According to a National Energy Board, average daily electricity demand in Ontario fell considerably between 2002 and 2016. The [Read more]
For third year in a row, Canada’s non-energy merchandise exports are on track to record almost no growth While the Canadian economy was firing on all cylinders in 2017, the pace of growth tapered off [Read more]
Cenovus brought in BMO Capital Markets and TD Securities to each sell a separate upstream asset in the Deep Basin. Cenovus photo. Cenovus raising billions to reduce debt burden following $17 billion ConocoPhillips oil sands [Read more]
Haida Nation and Gitga’at Nation will host pilot projects beginning in fall 2018 As part of the $1.5 billion Oceans Protection Plan, the Canadian government is launching pilot projects for the Enhanced Maritime Situational Awareness initiative that [Read more]
For decades the TransCanada Mainline was used to export natural gas from western to eastern Canada and into New York State, but the eastern portion of this pipeline is now being used to import natural [Read more]
A number of Canadian First Nations are using their clout with regulators to make inroads in oil and gas projects in an effort to enrich their bands and help their people get good jobs and [Read more]
Tim McKay, President of CNRL says his company may also reduce its heavy oil drilling program in the second half of this year, and instead, drill more light oil. CNRL photo. CNRL is delaying completion [Read more]
Cooling in Canadian growth comes at time of risks to economy from U.S. trade and tax policy The Conference Board of Canada’s Chief Economist Craig Alexander believes the Canadian economic growth cooled off in the [Read more]
Alberta’s unemployment rate will drop close to 6% by the end of 2018 British Columbia and Alberta will still be performing well this year and will be joined by Prince Edward Island, and Newfoundland and Labrador [Read more]
Heavy conventional is majority of Saskatchewan production and grows substantially over projection period Oil prices have been significantly lower in the last couple of years compared to the early 2010s. This has led to a [Read more]
Exxon says it is selling its entire stake in the Terra Nova project, but will keep its other assets in the region. Wikipedia photo by Ice Specialist. Exxon has 19 per cent ownership in Terra [Read more]
“The impacts and benefits of the Trans Mountain expansion project reach beyond the borders of any single province. It stands to benefit Canadians across the country, just as the existing Trans Mountain pipeline has done [Read more]
Sooner governments allow for additional pipeline capacity to be built, all of Canada will be better off A recent report from Scotiabank economists show that the lack of crude oil pipelines is costing Canada $10.8 [Read more]
Proposed regulations would accelerate phase-out of traditional coal-fired electricity across Canada to 2030 New draft regulations from the Ottawa are aimed at phasing out coal-fired power generation by 2030 while increasing the efficiency of gas-fired [Read more]
Last year, Enbridge identified non-core assets worth US$8 billion that it could sell to reduce its debt load. Enbridge accumulated more debt in merger with Spectra Energy in February 2017 The Globe and Mail reports [Read more]
Harsh winter conditions as well as Canadian railways’ recent volume growth have stranded some Alberta oil shipments. CP Rail photo. Stranded Alberta oil shipments have led to plummeting crude prices Bloomberg reports a shortage of [Read more]
Growth of shale and tight natural gas in NW Alberta, NE BC led to “pinchpoints” moving gas to mainline in SE TransCanada Corporation is spending $2.4 billion to expand the of its NOVA Gas Transmission [Read more]
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