Alberta Trade News

• (02/22/2012) Keeping Canada Close
  History, geography and economic logic combine to make America and Canada close partners. Today, Canada is being shaken up by the uncertainty of a U.S. election year, and some analysts suggest it should "look east" to Asia or "diversify" its trading portfolio. More...
   
• (02/21/2012) Alternate pipeline route no better: B.C. First Nations
  Switching the end point of the $5.5-billion Northern Gateway pipeline to Prince Rupert, B.C., from Kitimat will not win support among First Nations already opposed to the pipeline, says Coastal First Nations executive director Art Sterritt. More...
   
• (02/20/2012) Carbon capture can curtail CO2 emissions, conference hears
  Carbon capture and storage won't save the world from global warming, but it can play a significant role in curtailing global emissions of carbon dioxide, say experts. More...
• (02/20/2012) Labour shortage threatens oilsands expansion: PCO
  A massive shortage of educated workers has cast a cloud over expansion in Canada's oilsands sector, says a secret memorandum sent to the federal government's top bureaucrat More...
• (02/20/2012) Coal is worst, but oilsands are still harmful: climate scientists
  Coal — not oilsands — is the largest threat to the world's climate. Still, that's no reason to endorse the Keystone XL or Northern Gateway pipelines, say two Canadian climate experts in a provocative study released on the weekend. More...
• (02/20/2012) Oilsands pose 'significant environmental and financial risk' to Alberta, says PCO
   Collateral damage from Canada's booming oilsands sector may be irreversible, posing a "significant environmental and financial risk to the province of Alberta," says a secret memorandum prepared for the federal government's top bureaucrat. More...
• (02/20/2012) Canada threatens trade war with EU ahead of oilsands vote
  Canada is threatening a potential trade war with the European Union over its attempts to single out oilsands as a dirtier kind of crude, a revelation that comes just days before a crucial vote on the matter. More...
   
• (02/16/2012) Enbridge pipeline bad for the economy
  The Enbridge Northern Gateway Pipeline will deliver an inflationary oil price "shock" to Canadians of US$2 to $3 per barrel "every year for 30 years," a B.C. economist predicts. More...
• (02/16/2012) Yedlin: Northern Gateway pipeline reveals risks of unsettled land claims
  A quiet breakfast took place some weeks ago at the Petroleum Club among a group of Calgary executives, some retired, others active but each one tied into the energy business either through finance or company affiliations. More...
   
• (02/15/2012) Tories hopeful ahead of EU vote on oilsands
  The Conservative government is hoping it has won enough support from European Union countries to stymie, for now, a fuel quality standard proposed by the EU's executive that would label oilsands a dirtier form of crude. More...
   
• (02/14/2012) Oil sands law to be voted on by European Union
  European Union officials are expected to vote on Feb. 23 on a draft law that would label fuel produced from oil sands as more polluting than that from other forms of oil, according to a draft agenda seen by Reuters. More...
• (02/14/2012) Alberta needs a lot of oil outlets: Liepert
  Alberta Finance Minister Ron Liep-ert said the province needs multiple pipelines to ensure its crude doesn't become "landlocked" as oil companies prepare to ramp up production. More...
   
• (02/12/2012) Conflicting numbers, emotions cloud Keystone XL jobs debate
  It will create jobs. That's about all that can be said for sure about the employment potential of the controversial Keystone XL pipeline. More...
   
• (02/10/2012) Harper touts Canada's energy capabilities in China speech
  Prime Minister Stephen Harper delivered a pointed message Friday directly to the People's Republic of China from the people back home: Canada wants to sell you its oil and gas, but won't trade its principles along with it. More...
   
• (02/09/2012) Seeing through the nonsense surrounding the oilsands
  The environmental lobby has done a great job of demonizing Alberta's oilsands, portraying them as a grave threat to human survival. More...
   
• (02/06/2012) PetroChina to buy 20% of Shell's Canadian shale gas assets
  PetroChina, a unit of China National Petroleum Corp., has signed a binding agreement to purchase a 20% stake in Royal Dutch Shell PLC’s Groundbirch assets in northeastern British Columbia. More...
• (02/06/2012) Canada's LNG projects may spark merger boom - analyst
  A handful of liquefied natural gas export facilities proposed for Canada's Pacific Coast could spark a round of acquisitions and new joint ventures as the projects' backers look to secure sufficient natural gas supplies to fill their facilities, an analyst said on Monday. More..
   
• (02/01/2012) Private equity eyes oilpatch for bargains
  Private money is sniffing around the oilpatch for bargains as low prices for natural gas pressure producers to offer up assets or their entire companies for sale. More...
• (02/01/2012) Petrobank Energy sells May River oilsands for $225 million
   Petrobank Energy and Resources has sold its May River oilsands lease to a privately owned company for $225 million, allowing the cash-conscious producer to focus on more immediately lucrative projects. More...
   
• (01/31/2012) Imperial kicks off earnings season with 26% profit gain
  Record production at Imperial Oil's long-held Cold Lake heavy oilfields in northeastern Alberta drove fourth-quarter 2011 net earnings to just over $1 billion, or $1.18 per share, up 26 per cent over the same period in 2010. More...
• (01/31/2012) Manchin Supports Pipeline Project
  Forty-four senators introduced "bipartisan" legislation Monday to approve construction of the Keystone XL pipeline, and West Virginia's Joe Manchin was the only Democrat joining 43 Republicans to sponsor the measure. More...
   
• (01/29/2012) Iran says oil may hit $150/bbl on EU ban
  Oil prices could rise as high as $150 a barrel because of the European Union ban on imports of Iranian crude, the country's deputy oil minister was quoted as saying by the official IRNA news agency on Sunday. More...
   
• (01/27/2012) Natural gas prices in Alberta drop below $2 to 10-year low
  Spot prices for gas at Alberta’s benchmark storage hub AECO plunged to $1.92 per gigajoule, the lowest seen since the summer of 2002, before rebounding to close the day $2.10 per GJ. More...
• (01/27/2012) Invest in LNG, not Alberta oil
  The Haisla were honoured to have the Joint Review Panel hearings on the proposed Northern Gateway pipeline begin in our village on the northern British Columbia coast on Jan. 10. More...
   
• (01/24/2012) Gateway pipeline hearings land in Edmonton
  The Northern Gateway pipeline hearing landed Tuesday in Edmonton, the capital of the province relying on the project to open new markets for its vast reserves of oilsands bitumen. More...
   
• (01/20/2012) Thompson and the Keystone XL pipeline
  When President Barack Obama announced Wednesday that he had rejected for now the proposed Keystone XL pipeline from Canada to the Gulf Coast, former governor Tommy Thompson quickly issued a statement criticizing the president's action. More...
• (01/20/2012) Oilsands could face competition
  As Alberta counts on its ever-in-creasing oilsands production to find a home in the U.S. Gulf Coast refineries, the head of an international consulting group says there could be plenty of competition ahead. More...
   
• (01/19/2012) Is Obama playing election politics by delaying Keystone pipeline?
  President Obama announced Wednesday he is putting the controversial Keystone XL oil pipeline expansion project on hold, saying a decision can’t be made by the February deadline imposed by Congress. While environmental groups cheered the news, the setback is temporary and the pipeline operator says it will resubmit plans to have the pipeline running in 2014. More...
   
• (01/17/2012) Climate change needs an intergenerational solution
  The vast majority of Canadians feel a reverence for the natural surroundings that make up our home and native land. More...
• (01/17/2012) Oilsands an example of 'uneconomic growth'
  The rationale for exploiting the dirty oilsands - and putting up with the greenhouse gas emissions, water pollution and acid rain blowing into northern Saskatchewan - is jobs, jobs, jobs. More...
• (01/17/2012) Canada Is Making the Wrong Decision on Tar Sands Oil
  The Canadian government and its vested oil interests should have realized that in a year that produced the Arab Spring and the Occupy movements, business as usual is no longer good enough. More...
   
• (01/16/2012) Revealed: Europe's plan to penalise Canada's tar sands goes Dutch
  The Netherlands, home of oil giant Shell, puts forward a secret compromise to weaken the plan's impact on fuel from tar sands. More...