Category Archives: Oil & Gas
FREDERICTON – The New Brunswick government is introducing a moratorium on hydraulic fracturing that the premier says won’t be lifted until five conditions are met.
Those conditions include a process to consult with First Nations, a plan for wastewater disposal and credible information about the impacts fracking has on health, water and the environment, Brian Gallant said Thursday.
“We have been clear from Day One that we will impose a moratorium until risks to the environment, health and water are understood,” Gallant told a news conference in Fredericton. Read the rest of this entry
By James Keller,, Dec 18, 2014
A Vancouver-area city is asking the National Energy Board to hand Kinder Morgan a bill that could be worth more than $2 million for policing and cleanup costs after pipeline work was targeted by protesters last month.
Environmental activists set up a makeshift encampment in a conservation area on Burnaby Mountain, east of Vancouver, in an attempt to block crews from conducting drilling and survey work related to its proposal to expand the Trans Mountain pipeline. Read the rest of this entry
Federal government has ‘done everything we can,’ Industry Minister James Moore says
By Chris Hall, CBC News, Dec 11, 2014
Industry Minister James Moore says the federal government did its job to advance the cause of two proposed oil pipelines through his home province of British Columbia, and now it’s up to the companies to ensure the projects succeed.
“We’ve done everything we can in a responsible way,” Moore said in an interview with CBC News in his Parliament Hill office when asked about Enbridge’s proposed Northern Gateway pipeline and Kinder Morgan’s planned expansion of its Trans Mountain pipeline. Read the rest of this entry
Oil and gas companies form important part of banks’ investment and corporate services client base
The Canadian Press/CBC News, Dec 07, 2014
Oil prices that reached a five-year low on Friday are starting to take a bite out of profits at TD Bank and are raising concerns for the rest of the country’s top lenders.
Canada’s biggest banks earn up to 20 per cent of their revenues through providing investment and corporate banking services, with oil and gas companies an important part of that client base. Read the rest of this entry
Brent Crude is below $70 and WTI at $66 as oil prices continue to slide
CBC News, Dec 04, 2014
News that Saudi Arabia expects oil prices to stabilize around $60 US a barrel pushed oil futures lower today.
Brent Crude, the contract traded in most of the world is down 44 cents to $69.48, well below the $70 that some had considered a threshold. Brent has fallen 37 per cent this year.
WTI, the North American contract, fell 67 cents to $66.76 US and Western Canada Select, the price offered for Canadian crude, is now at $50.56. The discount offered for WCS has widened in part because of difficulties getting oil to market. Read the rest of this entry
Kinnie Starr lends voice to Haida Gwaii campaign against Enbridge Northern Gateway
By Kim Wheeler, CBC News, Dec 03, 2014
A new music video featuring the music of Kinnie Starr has stop-motion wood carved characters confronting Prime Minister Stephen Harper, depicted on a super tanker travelling around Haida Gwaii.
Haida Raid 3: Save Our Waters was released this week, in response to the December 2013 recommended approval of the controversial Enbridge Northern Gateway. Read the rest of this entry
According to updates from the Northern Trappers Alliance, who have braved icy winter conditions to blockade oil and gas territories on their land, the RCMP have issued an injunction and have moved in.
The Dene alliance formed the blockade about a week and a half ago in order to maintain traplines and prevent industry vehicles from passing through. The camp, called Holding the Line, is in a rural area of Saskatchewan, where the First Nations say that the energy industry is attempting to obstruct their lifeways. Read the rest of this entry