VANCOUVER, Jan 6 (Reuters) – Canadian Prime Minister Stephen
Harper said on Monday he is more optimistic about the economy in
2014 than in past years because of evidence of stronger growth
in the United States and a comeback in Europe.
While the export-dependent Canadian economy will inevitably
be buffeted by global ups and downs, its fundamentals are
strong, Harper said, citing the country’s fiscal record, banking
sector and labor force.
CALGARY/VANCOUVER, Dec 23 (Reuters) – Canada’s push to build
its first major conduit for shipping oil to Asia took a step
forward last week, but the government’s fractious relations with
the country’s aboriginal First Nations still loom as a
formidable obstacle to the project.
Native groups in British Columbia are promising legal action
and civil unrest after regulators on Thursday gave their
blessing to Enbridge Inc’s C$7.9 billion ($7.4 billion)
Northern Gateway pipeline. That could scupper the project
outright, or at least delay construction of the 1,177-kilometer
(730-mile) line for years.
CALGARY/VANCOUVER, Dec 19 (Reuters) – Canadian regulators
urged the government to approve the country’s first overseas
oil-export project on Thursday, concluding that Enbridge Inc’s
C$7.9 billion (US$7.4 billion) Northern Gateway
pipeline plan posed little risk to the environment if the
company complied with some 200 conditions.
Two years after a panel of environmental and energy
regulators began hearings into the project, it sided against the
line’s many opponents and recommended the completion of a
project that would allow Canada to expand sales of crude
extracted from its oil sands to Asia.
VANCOUVER, Dec 12 (Reuters) – British Columbia is courting
federal support for a copper-gold mining project in the Canadian
province’s interior, which a federal review panel recommended be
rejected due to significant risks to the environment and local
The province’s minister of energy and mines, Bill Bennett,
was in Ottawa on Thursday to meet with federal ministers on the
New Prosperity project, owned by Taseko Mines Ltd,
ahead of a final ruling by federal regulators.
Dec 11 (Reuters) – Fortis Inc has reached a
friendly deal to buy Arizona-focused utility UNS Energy Corp
for about $2.5 billion in cash, the Canadian power
company said on Wednesday, as it looks to expand its presence in
the United States.
The deal, which will also see Fortis take on about $1.8
billion of UNS debt, highlights an increased focus in North
American markets on rate-regulated operations, over deregulated
VANCOUVER, Dec 5 (Reuters) – Canada must do more to build
trust with aboriginal communities to win their support for
resource projects such as oil pipelines and natural gas
terminals, a report said on Thursday.
“There has not been a constructive dialogue about energy
projects. Aboriginal leaders are prepared to engage and Canada
will need to address issues on their agenda,” Douglas Eyford,
the federal government’s special representative on west coast
energy infrastructure, said in the 58-page report.
VANCOUVER, Dec 3 (Reuters) – Canada must be better prepared
to respond to major oil spills if more crude starts to flow in
pipelines to the country’s Pacific Coast, a government panel
said on Tuesday, as fears of a major marine disaster grow.
The report by the federal transport department makes 45
recommendations, including ensuring companies are prepared for a
worst-case scenario and new guarantees that taxpayers will not
be liable for costs related to spills in Canadian waters.
VANCOUVER, Dec 1 (Reuters) – British Columbia is finalizing
tax rules for companies seeking to export Canadian natural gas
to Asia. But energy experts question how many of the dozen
export terminals planned for the Pacific coast will actually
Other countries, including the United States, are ahead of
Canada in the race to export liquefied natural gas (LNG), a fuel
that fetches far more in energy hungry Asia than in North
VANCOUVER, Nov 29 (Reuters) – CNOOC Ltd, China’s
top offshore oil explorer, applied to Canadian energy regulators
on Friday for permission to export liquefied natural gas (LNG)
from a proposed terminal along Canada’s West Coast.
The application to the National Energy Board (NEB) comes
just two weeks after the Chinese company reached a land deal
with British Columbia for a property at Grassy Point, a nub of
land just 10 miles south of the Alaska border.
VANCOUVER, Nov 25 (Reuters) – A Canadian newspaper mogul is
pushing ahead with a $27 billion plan to build an oil refinery
on Canada’s west coast, hoping to file for regulatory approval
before year-end and with construction targeted for 2016.
The 550,000-barrels-a-day plant would easily be Canada’s
biggest refinery, producing gasoline, jet fuel and diesel for
Asian markets from the output of the country’s rich oil sands.