March 6 (Reuters) – Canadian regulators recommended on
Thursday that the federal government approve Enbridge Inc’s
Line 9 oil pipeline reversal and expansion, conditional
on the company undertaking additional work on consultation and
safety, among other things.
The National Energy Board also said it had denied Enbridge’s
request for exemption from “leave to open” requirements, meaning
the company must ask the board for permission to start up the
line after all work is finished.
VANCOUVER/TORONTO, March 5 (Reuters) – Canadian police have
launched an investigation after online bitcoin bank Flexcoin,
which closed its virtual doors this week, said that it had lost
about $600,000 worth of the digital currency in a hacker attack.
The Edmonton, Alberta-based company reported the theft of
896 bitcoins on its website on Monday and said it “does not have
the resources (or) assets … to come back from this loss.” It
blamed the attack on hackers who had targeted its online wallet.
March 3 (Reuters) – Molycorp Inc reported a narrower
fourth-quarter loss on Monday, as the rare earth miner continued
to ramp up operations at its revamped Mountain Pass mine and
processing facilities in California.
The Denver-area company said with construction complete, it
is now focused on optimizing operations at the newly revamped
project as it works to increase production to nearly 20,000
tonnes a year.
VANCOUVER, March 1 (Reuters) – Unionized container truck
drivers at Canada’s largest port voted on Saturday to join a
strike by their non-unionized colleagues, who walked off the job
on Wednesday over a long-running dispute about pay and services.
Unifor, which represents about 400 container truck drivers
at Port Metro Vancouver, said its drivers voted overwhelmingly
in favor of joining the four-day-old work action. The unionized
workers must give 72-hour notice before walking off the job.
VANCOUVER (Reuters) – U.S. environmental regulators moved on Friday to block development of the Pebble mine in Alaska, which could be one of the largest copper projects in the world, citing potential “irreversible harm” to the state’s salmon fishery.
The Environmental Protection Agency (EPA) said it has initiated a rarely used process under the Clean Water Act to “identify appropriate options to protect” the Bristol Bay fishery from the impact of the proposed mine.
SAN FRANCISCO/VANCOUVER (Reuters) – Some savvy bitcoin investors have a solution to cyber-thieves and instability shaking online exchanges: they print out their virtual savings and hide them in the real world.
The shuttering this week of bitcoin exchange Mt. Gox and fears that hundreds of millions of dollars worth of the virtual currency have been lost or stolen are pushing investors to tighten their security.
VANCOUVER, Feb 26 (Reuters) – Unionized container truck
drivers at Canada’s largest port will vote on Saturday on
whether to join their non-unionized colleagues in a job action,
after hundreds of truckers walked off the job on Wednesday over
services and pay.
The non-unionized drivers said they will not return to work
at Port Metro Vancouver until their concerns are resolved.
VANCOUVER, Feb 25 (Reuters) – Vancouver container truck
drivers have issued a 48-hour stop work notice to authorities at
Canada’s busiest port over a long-running dispute related to pay
and service levels.
The United Truckers Association of British Columbia (UTA), a
non-profit group representing union and non-union drivers, said
many of its 1,400 drivers will walk off the job on Wednesday,
disrupting the flow of hundreds of millions of dollars worth of
goods and commodities through Western Canada.
VANCOUVER, Feb 24 (Reuters) – Canadian regulators said on
Monday that an audit of TransCanada Corp’s safety
practices found the country’s No. 2 pipeline company operated
safely for the most part, but identified some key areas where it
needs to improve.
The National Energy Board said the Calgary-based company,
which is developing the controversial Keystone XL pipeline, was
found to be compliant in five of nine sub-elements of the
VANCOUVER, Feb 20 (Reuters) – A new tax regime proposed for
British Columbia’s budding liquefied natural gas (LNG) industry
has nudged plans for export terminals on Canada’s Pacific Coast
closer to reality, but it likely won’t spur a sudden rush of
The British Columbia provincial government wants to build a
world-scale LNG export industry. Premier Christy Clark says such
an industry would power economic expansion and create 100,000
jobs over 30 years.