VANCOUVER, May 20 (Reuters) – Petronas has reached
a set of deals with British Columbia related to its proposed
liquefied natural gas export terminal in Canada, edging the
Malaysian energy company closer to a final investment decision,
the province said on Wednesday.
The project development agreement (PDA), which must still be
ratified by both the company and the province, provides
assurances on issues like infrastructure and aboriginal
consultation, along with measures to ensure the project will not
face onerous tax or fee increases through the contract term.
VANCOUVER, May 14 (Reuters) – The Bank of Canada on Thursday
outlined proposed changes to the way it operates in markets but
cautioned operators against reading too much into what it called
a fine-tuning operation.
Deputy Governor Lynn Patterson said in a speech to a
business group in Vancouver that the central bank was proposing
to set up a regular program of term repo operations and would
reduce the amount of Canadian government bonds it buys on the
primary market, among other moves.
VANCOUVER, May 13 (Reuters) – A Canadian aboriginal group
has rejected an offer of about C$1 billion ($836 million) in
return for supporting a liquefied natural gas export terminal
led by Malaysian national oil company Petronas,
community leaders said on Wednesday.
Members of the Lax Kw’alaams First Nation band, which has
traditional territories around the proposed site of the Pacific
NorthWest LNG export terminal in northern British Columbia,
rejected the 40-year benefit deal in a series of three votes
held over the past week.
VANCOUVER, May 8 (Reuters) – Members of a Canadian
aboriginal community edged closer to rejecting a roughly C$1
billion ($827 million) deal with Malaysia’s Petronas
to support a liquefied natural gas export terminal, voting
against the offer in the first two of three polls.
Members of the Lax Kw’alaams First Nation in the British
Columbia communities of Port Simpson and Prince Rupert rejected
the proposed benefit package in separate votes held this week.
VANCOUVER (Reuters) – Canadian police said on Friday they are investigating several deaths in the Vancouver area that may be a murder-suicide linked to a message on Facebook in which a man appeared to confess to killing his daughter, wife and sister.
The Royal Canadian Mounted Police (RCMP) said multiple members of one family, including the suspect, were believed to be dead at two crime separate scenes, in the Vancouver area and a nearby rural town.
May 1 (Reuters) – TransCanada Corp, Canada’s second
largest pipeline operator, reported a 10 percent rise in
comparable earnings, helped by the positive impact of a stronger
U.S. dollar on its U.S. pipeline operations and profits at its
TransCanada, the company behind the C$8 billion ($6.6
billion) Keystone XL and C$12 billion Energy East pipelines,
also said demand for new long haul infrastructure remains
strong, despite the plunge in the oil price in the last year.
VANCOUVER/CALGARY, April 23 (Reuters) – Canadian regulators
had serious concerns the federal government was not consulting
enough with aboriginal groups about the Northern Gateway
pipeline project, according to internal emails obtained by the
Haisla First Nation and released on Thursday.
The Enbridge Inc pipeline will move 525,000 barrels
of Alberta oil sands crude to a port on native land near
Kitimat, British Columbia.
VANCOUVER (Reuters) – British Columbian officials on Friday criticized the Canadian government’s response to an oil spill in the waters around Vancouver, calling into question plans for new crude oil export pipelines in the Pacific Coast province.
Nearly 3,000 liters of oil spilled after an anchored bulk carrier began leaking bunker fuel in English Bay, just west of Vancouver’s downtown core, on Wednesday.
PORT ALBERNI, British Columbia, March 31 (Reuters) – In
Sarita Bay, a remote cove on Canada’s Vancouver Island,
aboriginal-owned land used for decades by loggers is slowly
being reimagined as a multibillion-dollar export terminal to
ship liquefied natural gas to Asia.
Aboriginal groups in the West Coast province of British
Columbia are often in the news for opposing major resource
projects. But the Huu-ay-aht First Nation, who own the land
where the plant would be built, have partnered with Steelhead
LNG on the proposal.
VANCOUVER, March 17 (Reuters) – The head of BG Group Plc’s
Canadian unit has left Vancouver to take another role in
the company and will not be replaced, the company said on
Tuesday, delivering another blow to British Columbia’s fledgling
liquefied natural gas industry.
Madeline Whitaker, who was appointed president of BG Canada
in September 2013 and was overseeing the development of the
Prince Rupert LNG project, has taken a new role at company
headquarters in Britain, spokesman David Byford told Reuters.