Nova Scotia seeking firms to explore possibility of digging out remaining coal

Nova Scotia seeking firms to explore possibility of digging out remaining coal
HALIFAX — Nova Scotia’s Liberal government wants to retrieve coal from old mines, even as its federal counterpart aims for the phasing out of coal-fired electricity. A provincial request for proposals is asking firms to determine if it would be viable and safe to mine coal left around inactive, underground shafts in the Westville area. Pictou County has many shafts beneath communities — including the town of Westville — where underground coal mining took place... Read More

Canadian business sentiment drops from high levels: central bank survey

Canadian business sentiment drops from high levels: central bank survey
OTTAWA — A new Bank of Canada survey says business sentiment has fallen from elevated levels, with companies underlining uncertainty around global trade, the housing sector and the energy industry. The central bank’s measure for business sentiment dropped from its near-record heights last year into negative territory for the first time since the third quarter of 2016. The more-upbeat reading in the previous report was based on a November poll taken... Read More

Western Canada oil and gas producer count down by nearly 300 names since 2014

Western Canada oil and gas producer count down by nearly 300 names since 2014
CALGARY — A new study shows that the total number of companies producing oil and gas in Western Canada has fallen by 17.5 per cent in the four years since global oil prices began crashing at the end of 2014. Consulting firm XI Technologies of Calgary says an analysis of its database shows that a total of 1,334 active companies — publicly... Read More

Pipeline delays add appeal to creative options for oil transport, transformation

Pipeline delays add appeal to creative options for oil transport, transformation
CALGARY — News that permitting issues in the U.S. would delay Enbridge Inc.’s Line 3 replacement pipeline project until the middle of 2020 instead of late this year means that yet another boost in oil export capacity has been kicked down the road. With both the Trans Mountain expansion and Keystone XL pipeline projects in court limbo, attention is turning to alternative... Read More

Activist investors to withhold votes from key TransAlta directors

Activist investors to withhold votes from key TransAlta directors
CALGARY — Activist shareholders say they’re withholding support for three of TransAlta Corp.’s directors at the upcoming annual meeting to protest a $750-million deal between the utility company and Brookfield Renewable Partners. The protest is led by Mangrove Partners of New York City and Bluescape Energy Partners of Dallas, which collectively control about 10 per cent of TransAlta’s shares. They say they’ll withhold their votes... Read More

Securities regulator to consider U.S. activist investors TransAlta demands

Securities regulator to consider U.S. activist investors TransAlta demands
CALGARY — The Ontario Securities Commission says it will hear an application on Friday in Toronto by activist U.S. investors who want to delay the annual meeting of power utility TransAlta Corp. and impose a transaction vote. The regulator says its proceeding will consider the application of Mangrove Partners, which with entities affiliated with Bluescape Energy Partners owns 10 per cent of... Read More

No pedal to floor: Experts say no government can bring back Alberta bitumen boom

No pedal to floor: Experts say no government can bring back Alberta bitumen boom
EDMONTON — Getting Alberta’s economy running on all its fossil-fuel-powered cylinders is at the heart of the province’s election campaign. But some of Canada’s top energy thinkers — as well as international experts — warn there’s no pedal any premier can stomp to make that engine rev like it used to. “No policy of any Alberta government can change things,” said Mark... Read More

Bill C-69 given a rough welcome at Calgary Senate committee hearing

Bill C-69 given a rough welcome at Calgary Senate committee hearing
CALGARY — A federal bill to change the way Ottawa assesses major energy projects is getting a rough ride in Calgary. Representatives of Canada’s biggest oil and gas companies took turns demanding major changes to Bill C-69 before a Senate committee making a Calgary stop on a cross-Canada series of hearings that started in Vancouver on Monday. Meanwhile, hundreds of people... Read More

Toronto stocks down despite gains in energy sector, U.S. stock markets lower

Toronto stocks down despite gains in energy sector, U.S. stock markets lower
TORONTO — Canada’s main stock index was down in late-morning trading as a broad-based retreat more than offset gains by energy stocks. The S&P/TSX composite index was down 42.83 points at 16,353.32. In New York, the Dow Jones industrial average was down 105.17 points at 26,319.82. The S&P 500 index was down 4.87 points at 2,887.87, while the Nasdaq composite... Read More