Saturday, March 23, 2019

New Democratic Party News

Canada Ready to Cover Kinder Morgan Loss

File Image (CREDIT: AdobeStock / © Berkut 34)

Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday. The company has given Ottawa a deadline…

Petronas Scraps $29 bln Canada LNG Project

Decision widely expected after long delay, weak prices. Malaysian oil company Petronas has scrapped a proposed C$36 billion ($29 billion) liquefied natural gas (LNG) project in western Canada due to weak prices, in a blow to both its global ambitions and Canada's hopes of becoming a major LNG player.

Canada to Aid Developing Nations Fight Climate Change

Prime Minister Justin Trudeau Courtesy Canada.Ca

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming, which he has promised will show the country is serious about tackling the issue. Canada will give C$2.65 billion ($1.98 billion) over the next five years…

Alberta Panel to Review Climate-change Policy

Environment Minister Shannon Phillips

The Canadian province of Alberta, the biggest source of U.S. oil imports, announced the members of its climate change policy review panel on Friday, part of its pledge to implement new rules on greenhouse gas reductions. Environment Minister Shannon Phillips said the panel…

Alberta Mulls Splitting Energy Regulator from Promoter Role

The Canadian province of Alberta, the largest source of U.S. oil imports, is considering splitting its energy regulator to avoid a potential conflict with its role as promoter of the oil and gas industry, a spokeswoman for the premier said on Tuesday. Notley's left-wing New Democratic Party…

Alberta Energy Minister Inexperience Concerns Industry

Canada's oil and gas industry is concerned about the inexperience of Alberta's new energy minister, but is ready to give her the benefit of the doubt for now as she takes on the closely watched role,  analysts and executives said on Monday. Marg McCauig-Boyd, a one-time…

Alberta's NDP Rookies Scramble to Govern

The election victory by the New Democratic Party (NDP) on Tuesday will deliver one of the most inexperienced parties ever to take office in Canada. The party previously held just four of 87 seats in the legislature and only a few of its 53 new lawmakers have ever held public office.

Alberta's Possible Pivot to Left Alarms Oil Sector

CALGARY, Alberta, May 4 (Reuters) - Canada's oil-rich province of Alberta is on the cusp of electing a left-wing government that can make life harder for the energy industry with its plans to raise taxes, end support for key pipeline projects and seek a bigger cut of oil revenues.

Canada Passed on U.S.-Mexico Climate Announcement

Canadian Prime Minister Stephen Harper Courtesy Canadian High Commission

Canada declined a U.S. invitation last week to jointly announce climate policy cooperation with Mexico, with Ottawa saying it has not yet finalized its own domestic strategy, sources from both countries familiar with the discussions said on Thursday. On March 24, three…