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Feb 20, 2014

TransCanada weighs next steps after U.S. court’s Keystone pipeline ruling

By Julie Gordon

(Reuters) – TransCanada Corp (TRP.TO: Quote, Profile, Research, Stock Buzz) said on Thursday it is considering how to proceed with its Keystone XL pipeline, a day after a court voided the Nebraska governor’s decision to allow the controversial line to pass through the Midwestern state.

“We are disappointed and disagree with the decision of the Nebraska district court and will now analyze the judgment and decide what next steps may be taken,” the company said in a statement. “Nebraska’s attorney general has filed an appeal.”

Feb 18, 2014

British Columbia unveils LNG tax, sees budget surpluses

VICTORIA, British Columbia, Feb 18 (Reuters) – British
Columbia on Tuesday provided long-awaited details on a new
income tax for its nascent liquefied natural gas (LNG) industry,
as Canada’s westernmost province released its second consecutive
balanced budget.

The coastal province is eyeing a two-tier tax that would
apply to income from the liquefaction of natural gas, the
process of cooling gas into a liquid to be transported by ship,
at facilities in British Columbia.

Feb 18, 2014

British Columbia projects budget surplus for next three years

VICTORIA, British Columbia, Feb 18 (Reuters) – British
Columbia’s government on Tuesday projected a budget surplus for
the next three fiscal years and gave details on a new tax regime
for its nascent liquefied natural gas (LNG) industry.

The Western Canadian province is expected to have a budget
surplus of C$184 million ($167.94 million) in 2014-15, C$206
million in 2015-16 and C$451 million in 2016-17, the Liberal
government said in its first budget since it was re-elected in
May with a majority.

Feb 15, 2014

Canadian review urges more be done on crude-by-rail safety

VANCOUVER, Feb 14 (Reuters) – A Canadian government-backed
review of the type of rail car involved in last year’s deadly
Lac-Megantic crash found that industry, regulators and shippers
could do more to ensure the safety of the cars that carry crude
across North America.

The report, made public by Transport Canada late on Friday,
also said that older model DOT-111 cars should be retrofitted or
retired over the longer-term, and recommended a feasibility
study on how those retrofits could be performed.

Feb 14, 2014

Canada plans 2015 tax breaks but mum on income-split pledge

OTTAWA/NORTH VANCOUVER, British Columbia, Feb 14 (Reuters) -
C anada’s Conservative government will deliver tax relief to
families when it balances the budget in 2015, Finance Minister
Jim Flaherty said on Friday, but he wouldn’t confirm whether it
will stick to a controversial pledge on “income splitting”.

The Conservatives pledged in 2011 that once the budget is
balanced they would let couples with children reduce taxes by
sharing their income for tax purposes, similar to U.S. rules
whereby couples get a lower tax bracket when they file jointly.

Feb 13, 2014

Cenovus slows Foster Creek expansion; earnings disappoint

Feb 13 (Reuters) – Cenovus Energy Inc said on
Thursday it will take longer than expected to bring its Foster
Creek oil sands project in Alberta to its full production rate
as the company delayed optimization work until after an
expansion is completed.

The Calgary-based energy company also reported
fourth-quarter operating profit below analyst estimates, as
higher output at its Christina Lake oil sands project was offset
by a cut in production and higher costs at Foster Creek.

Feb 11, 2014

Brain-dead Canadian woman dies after baby boy born

VANCOUVER, Feb 11 (Reuters) – A 32-year-old Canadian woman
who had been declared brain dead in December and kept on life
support for six weeks died on Sunday soon after giving birth to
a baby boy.

Robyn Benson was just 22 weeks pregnant when she collapsed
from a cerebral hemorrhage and was declared brain dead. Doctors
in Victoria, British Columbia, kept her alive at her husband’s
request so that their unborn baby would have a better chance of
survival.

Feb 6, 2014

Green groups step up opposition to eastward Canada pipeline

VANCOUVER, Feb 6 (Reuters) – Environmental groups are
stepping up efforts to convince Canadian authorities to reject a
major new pipeline to the east coast, with one think tank saying
on Thursday that filling the new line would generate up to 45
percent more carbon emissions than the controversial Keystone
XL.

The estimate by the Pembina Institute, which has opposed oil
sands development, is the latest salvo in the battle by some
groups to block plans to build new pipelines from Canada’s oil
patch. Greenpeace, the Council of Canadians and other groups
have previously spoken out against Energy East.

Feb 6, 2014

M&A-shy mining majors eye junior partnerships to grow reserves

VANCOUVER, Feb 6 (Reuters) – At a time when major miners
have turned gun-shy on acquisitions after a rash of
value-busting deals, two big players made it clear last week
that they are still keen to partner with junior firms on
high-quality, early-stage projects.

Under pressure from investors to retreat from large,
capital-intensive projects, companies like Canada’s Teck
Resources Ltd and Poland’s KGHM Polska Mied SA
are looking to tiny exploration companies to secure
future output.

Feb 4, 2014

Brain-dead Canadian woman kept on life support to save fetus

VANCOUVER, Feb 4 (Reuters) – A 32-year-old Canadian woman
who has been declared brain dead is being kept on life support
in a Victoria, British Columbia hospital, with doctors working
to keep her alive long enough to deliver her unborn son.

Robyn Benson was just 22 weeks pregnant when she complained
of a headache and then collapsed on her bathroom floor,
according to postings on a blog and fundraising site by her
husband Dylan Benson. Her fetus, already named Iver Cohen
Benson, has continued to grow in the womb.

    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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