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Husky cuts five-year budget, raises cash flow target

May 28, 2019

Husky Energy Inc on Tuesday cut its five-year budget and raised its free cash flow target, at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends. Husky now expects

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Gibson to have 90 trains of crude per month by summer’s end

May 27, 2019

Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alta., crude-by-rail terminal and that will rise to 90 trains per month by the end of the summer, Chief Executive Steve Spaulding said on Friday.

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Enerflex CFO steps down

May 27, 2019

Enerflex Ltd. announced today that D. James Harbilas, executive vice president and chief financial officer (CFO), will resign effective June 7 to pursue another opportunity. “On behalf of the entire board of directors and the executive management team, I would

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Canadian Utilities to sell fossil fuel-based generation portfolio

May 27, 2019

Canadian Utilities Ltd said today it has agreed to sell its entire Canadian fossil fuel-based electricity generation portfolio for about $835 million, ending a strategic process for the assets that the company began last year. The agreement with Heartland Generation

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Five takeaways from B.C. court pipeline ruling

May 27, 2019

The British Columbia Court of Appeal ruled  that the province did not have the authority to restrict shipments of diluted bitumen through its borders. According to Canadian Press, here are five takeaways from the decision and its impacts: 1. Provinces

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Green’s call for ban on foreign oil in favour of Alberta crude

May 27, 2019

Green party Leader Elizabeth May says saving the world from climate change requires Canada to get off oil before the middle of the century. In the meantime, she wants Canada off foreign oil as soon as possible, according to Canadian

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Trans Mountain pipeline gets a win from B.C.’s top court

May 27, 2019

British Columbia’s top court has ruled the province cannot restrict oil shipments through its borders in a decision that marks a win for the Trans Mountain pipeline expansion and Alberta’s efforts to get its resources to overseas markets. The province filed

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Cross-Canada corridor concept surfaces in Scheer speech

May 24, 2019

The notion of a pan-Canadian corridor dedicated to rail, power lines and pipelines has been around for at least half a century but it looks like it’s about to get a big publicity boost. Last week, Conservative Leader Andrew Scheer used a major pre-election policy speech to dust off a similar idea.

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Court to rule today on B.C. pipeline permit law

May 24, 2019

A court will rule today if a proposed British Columbia law that restricts diluted-bitumen shipments through its borders is constitutional. The decision is expected to be crucial for the future of the Trans Mountain pipeline expansion and Alberta’s efforts to get

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Pipeline protester interrupts Trudeau fundraiser speech

May 23, 2019

An Indigenous protester opposed to the Trans Mountain pipeline expansion interrupted a speech by Prime Minister Justin Trudeau at a Liberal fundraiser on Wednesday. According to Canadian Press, Will George of the Tsleil-Waututh Nation in North Vancouver stood up and