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First Nation communities showing interest in acquiring Trans Mountain pipeline

January 18, 2019

The Trans Mountain crude pipeline that Prime Minister Justin Trudeau’s government bought from Kinder Morgan Inc. last year is getting interest from some indigenous groups hurt by Canada’s oil price crunch. Five or six First Nation communities have approached the

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Alberta pouring millions into promoting Trans Mountain pipeline

January 18, 2019

The Alberta government is spending $23.4 million to convince Canadians why a major oil pipeline project is needed. The marketing campaign, Keep Canada Working, is aimed at getting people to support the Trans Mountain pipeline expansion – a project that would triple the

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NEB rejects Burnaby’s request to rescind work at pipeline terminal site

January 18, 2019

The National Energy Board has rejected the City of Burnaby’s request that it rescind orders allowing the company building the Trans Mountain pipeline expansion to conduct work at its terminal in the city. According to Canadian Press, the Metro Vancouver city had

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Indigenous energy company to partner on making bitumen pucks

January 18, 2019

The CEO of an Indigenous energy company says a project to transform oil sands bitumen into pucks for safer shipping to customers around the world will potentially create needed jobs in northern Alberta while helping to recycle plastic litter. Jeff Paquin says the project his company,

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Husky ends hostile takeover bid of MEG Energy

January 17, 2019

Husky Energy Inc said on Thursday it will not extend its hostile bid for MEG Energy  after failing to get sufficient support from the rival oil producer’s board and shareholders. Husky’s $3.3 billion offer in September to buy MEG for

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Production cuts affecting crude-by-rail exports

January 17, 2019

The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments. After Alberta cut 325,000 barrels per day (bpd)

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Indigenous investors told to wait until Trans Mountain pipeline is built

January 17, 2019

Indigenous communities interested in taking an equity stake in the Trans Mountain pipeline should wait until after its controversial expansion is built to avoid risk, Barrie Robb, a principal with Fivars Consulting Ltd. of Calgary, told Canadian Press. Taking an ownership

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Kinder Morgan quarterly profits more than double

January 17, 2019

Kinder Morgan Canada Ltd reported on Wednesday its quarterly profit from continuing operations more than doubled as the company benefited from better performance in its pipeline and terminal business. The company, which sold its Trans Mountain pipeline to the Canadian government

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Canadian heavy crude price weakens, as Notley ponders ending cuts

January 16, 2019

Prices for Canadian oil fell relative to U.S. futures as Alberta Premier Rachel Notley expressed hope her government would be able to back off mandatory production curtailments in April. Heavy Western Canadian Select’s discount to West Texas Intermediate futures grew

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Majority of Canadians support pipelines – but doubt Ottawa’s efforts

January 16, 2019

A wide margin of Canadians support an oil pipeline that Prime Minister Justin Trudeau’s government is pushing to build — though it remains unpopular among some voting blocs key to his reelection, a poll has found. In a poll published