A new poll by an environmental group indicates Canadians, may overestimate the economic benefits from the oil sands. Statistics Canada reports that production from oil sands accounts for no more than 2 percent of the country’s gross domestic product. Yet the survey by Environmental Defense said 57 percent of respondents overrated that value, including 41 […]
First Nations rights vs national interest
The federal government may have to get more involved in oil and gas development in the wake of a Supreme Court ruling giving title to aboriginals in B.C. That’s the result of a new study done by the Fraser Institute. The court’s unanimous landmark ruling last month brought an end to a thirty year long […]
Is U.S. oil becoming more popular for Canadians?
Canada exports 10 times more oil to the United States than the United States exports to Canada, but that balance is shrinking because of the recent oil boom south of the border. The United States imported about 2.7 million barrels of Canadian oil per day in April 2014. While Canada imported about 263,000 barrels of […]
Plan to ship from the oil sands to the east coast runs into a snag
Oil-sands opponents rallied in Bretton Woods, N.H., where New England governors held their annual meeting with eastern Canadian premiers. On the table – energy trade and innovation. “We are calling on Northeast leaders to oppose projects that would bring more tar sands oil into the region, and to implement a regional clean fuel standard along […]
Comment: Canada is too small for U.S. to worry about
The headlines are ominous. Canada-U.S. relations have hit a “low ebb” and a “new low.” They are “frayed” and “strained.” Really? A longer-term view suggests recent tensions aren’t all that unusual. Strains over the Keystone XL pipeline, Buy American legislation, the Windsor-Detroit Bridge and a U.S. tax crackdown are typical of the ebb and flow […]
Head of Cenovus not impressed with people “playing politics” over oil sands
Brian Ferguson says it’s political gain not Canada’s best interest that is prompting Justin Trudeau and Thomas Mulcair’s comments about the oil industry. To top it off the CEO of Cenovus Energy says celebrities like Desmond Tutu‘s involvement doesn’t help the debate either. Ferguson made the comments at the 2014 TD Securities Calgary Energy Conference […]
Did you know billionaire Koch brothers active in oil sands?
When it comes to land holdings in the oil sands, nobody has a bigger stake in the region than the Koch brothers. Around Peace River the American billionaires own an amount of land greater than the size of Los Angeles. They are the oil patches largest foreign investor with more than a million acres, more […]
Comment: Foreign money working against pipelines
Now Northern Gateway has been approved by the federal government, it’s time to turn the page and wait for U.S. President Barack Obama to approve the Keystone XL pipeline. Obama’s supporters come from several interest groups, and the environmentalist movement is one of the largest. It contributed millions of dollars to his campaign, with the […]
In case you haven’t realized it, patience is a virtue no matter which side of the Keystone XL debate you are on
It’s been a long battle for both sides of the Keystone XL pipeline debate and it likely won’t be over any time soon. In fact the U.S.’s ambassador to Canada is suggesting Canadians need to be patient when it comes to the controversial project. Here’s what Bruce Heyman told CBC, “I think that people need […]
Comment: Make Prince Rupert the terminus
The recent Supreme Court of Canada ruling should give pause to Enbridge to consider that Port of Prince Rupert as a viable alternative of its plan to build two pipelines from Bruderheim, northeast of Edmonton, to Kitimat, B.C. Certainly the ruling strengthens the hand of the many small native bands that fish the tributaries of […]
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