Bill would put into a law a voluntary moratorium on tanker traffic off BC’s north coast.
Company hopes to put 45 to 50 rigs to work in Western Canada in the third quarter.
Trident is abandoning 4,392 licensed wells, pipelines and other facilities.
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.
Cap stays, will proclaim into law a bill to cut oil shipments to BC in response its opposition to the Trans Mountain pipeline expansion.
Production in the quarter averaged 285,200 barrels of oil equivalent per day.
Natural Resources minister doesn’t expect the deadline will be pushed back again.
In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”
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.
Rachel Notley’s NDP goes up against Jason Kenney’s United Conservatives.
Lack of capital, rising exploration costs blamed.
Research suggests while renewables are still small, they play a big role in meeting new demand.
Alberta and Canada depend on global energy markets; we cannot isolate ourselves from global values.