No issue in Canada has been framed as more black and white than pipeline development
It’s often said that you can have it all, but not all at once. The key to finding work/life balance is to measure success not by the day or week, but over the longer term. So it is with our choices for Canada. We are often told that we have to choose between being socially…
According to the Canadian Association of Oilwell Drilling Contractors, each active rig represents about 21 direct jobs and 124 indirect jobs
New data released on Wednesday by ATB Financial’s Economics & Research Team indicates the Alberta oil and gas drilling industry is still struggling. In its daily economic update The Owl, the team said the average number of active rigs over the first nine months of 2019 was 92, compared to 140 over the same period…
Ruling delaying the Trans Mountain pipeline once again makes it clear we need legislation to clarify what indigenous consultation means
By Ashley Stedman and Elmira Aliakbari The Fraser Institute In yet another example of the federal government’s failure to get Indigenous consultation right, the Federal Court of Appeal recently ruled that six of 12 legal challenges to the Trans Mountain pipeline expansion can proceed. The result? Canada’s energy sector will continue to face transportation constraints,…
Pembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…
TC Energy Corporation’s net income attributable to common shares for second quarter 2019 was $1.1 billion or $1.21 per share compared to net income of $785 million or $0.88 per share for the same period in 2018, the company announced Thursday. It said comparable earnings for second quarter were $924 million or $1.00 per common…
An ongoing lack of pipeline capacity has restricted the growth of Canadian crude production: ATB
Unlike in the U.S., Canada has not been able to reach its full potential when it comes to crude oil production, says ATB Financial’s economics and research team. In its daily economic update The Owl, the financial institution said the U.S. shale oil revolution made possible by horizontal drilling and hydraulic fracturing pushed U.S. field…
New report says there’s been a significant increase in the volume, complexity and duplication of regulations
A report released on Tuesday says the oil and gas pipeline services market in Canada is expected to have a negative compound annual growth rate of 7.9 per cent during 2019-2024. The Canada Oil & Gas Pipeline Services Market – Growth, Trends, and Forecast (2019 - 2024) by ResearchAndMarkets.com said the oil and gas pipeline…
The law is so full of giant holes that it could make things much worse for anyone planning a large project to improve our economy
Canada is no longer a low-risk, high-return venue for investment. The federal government has boxed itself into a corner in its attempts to square the process for reviewing and approving large mining, pipeline or other projects. It has run counter to the private sector’s desire for any such process to be clear, simple, relatively quick,…
For an issue that’s been so polarizing, the arguments against the pipeline expansion are surprisingly flawed
Nothing has been as divisive to national unity as the Trans Mountain pipeline expansion in the 25 years since the Quebec independence referendum. But unlike separation, this project – approved again last week by the federal government – is good for the country and will benefit all Canadians. Moving to Vancouver two years ago from…
Trent Fequet talks about how Steel River Group has evolved and grown in just two short years, despite tough economic conditions
Trent Fequet is president and CEO of Steel River Group. What’s Steel River Group and what does it do? What’s its history? Fequet: Steel River Group is a privately-held and Indigenous-owned-and-operated company. Born out of the deep belief that we need to reimagine how an Indigenous business can create and contribute value to their community,…