SFU team says rising construction costs, new climate change measures mean project should be shelved
The estimated construction cost for the Trans Mountain pipeline expansion has ballooned from $5.4 billion to $12.6 billion. (Jason Franson/Canadian Press)
Imperial Oil Ltd. is advising investors attending its annual meeting in May to vote against a shareholder resolution that it adopt a corporate wide target to achieve net-zero carbon emissions by 2050.
The federal Crown corporation responsible for the Trans Mountain pipeline is diverting attention from its own shoddy safety culture by blaming campaigners for its rising insurance premiums, while trying to conceal information on its operations that properly belongs in the public domain, two insurance industry veterans have told The Energy Mix.
Canada will take whatever measures are needed to keep the Line 5 oil pipeline open, Natural Resources Minister Seamus O’Regan said on Thursday, as the deadline for a shutdown order from the U.S. state of Michigan looms.
* "ESG investing is the consideration. of environmental, social and governance factors alongside financial factors in the investment decision–making process.”
FEBRUARY 25, 2021
Alberta will establish an office to promote the oil industry’s environmental, social and governance measures in the hope it can help stem the tide of divestment from the oil sands and the Canadian energy sector, as the province tries to climb out of the $18.2-billion deficit projected in its 2021 budget on Thursday.
When the government said it would put an ‘outright ban on mountaintop mining,’ many Albertans rejoiced. But Alberta’s energy regulator says that only applies if the top of a mountain is ‘completely’ removed
Alberta’s new ban on “mountaintop-removal” coal mining has very limited, if any, applications in reality, The Narwhal has learned. According to a spokesperson for the Alberta government, the definition of the term is extremely narrow and does not apply unless the top of a mountain is “completely” removed.
