Oil & Gas
Kenney spent as much or more time during the Alberta election campaign attacking Trudeau than his main provincial adversary, Rachel Notley.
Slowdown due to decaying investor confidence as export pipeline projects are delayed.
Liberals taking heat over regulations, including those blamed for holding back construction of oil pipelines out of Alberta.
Arguing the Alberta law is unconstitutional, provinces can’t discriminate in the distribution of natural resource products.
…unless new Alberta premier Jason Kenney lifts emissions cap.
Cap stays, will proclaim into law a bill to cut oil shipments to BC in response its opposition to the Trans Mountain pipeline expansion.
$40-billion project is on track to start transporting gas in late 2023.
Natural Resources minister doesn’t expect the deadline will be pushed back again.
Changes apply recommendations made last fall.
In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”
Energy company showed a profit in Q1 compared to a loss a year ago.
Scientists say four major oilsands mines are releasing an average of about one-third more carbon dioxide per barrel of oil than they report.
The Canadian drilling market would benefit from more consolidation given recent declines in drilling activity.
New deadline will give the government more time to complete its consultations with Indigenous groups.
But province’s difficulty in moving oil to market will remain a major challenge.