Alberta Premier Rachel Notley is aggressively advancing a false narrative about heavy oil’s deep discount. She presents the problem in two parts, neither of which stand up to scrutiny.
First, Notley purports that the abnormally wide price spread affects every barrel of heavy oil leading to millions of dollars a day in losses to the Canadian economy. And second, that the Trans Mountain pipeline expansion is crucial. Neither of these claims are supported by the facts.
The toxic waste of the Canadian oilpatch has been quietly spreading in the boreal forest since bitumen mining began near Fort McMurray in Northern Alberta in the 1960s.
The mix of clay, water, toxic acids, metals and leftover bitumen has sprawled in artificial ponds to cover an area twice the size of the city of Vancouver.
OTTAWA/VANCOUVER — Canada’s federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter.
TransCanada's $10-billion Keystone XL pipeline project has suffered another setback after a U.S. federal judge blocked its construction to allow more time to study the potential environmental impact.
The Great Falls Tribune reports U.S. District Judge Brian Morris' order on Thursday came as the Calgary-based energy giant was preparing to build the first stages of the oil pipeline in northern Montana.
Nov 8, 2018 - This report analyzes the economics of the five largest bitumen-extractive corporations in Canada. The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil, and Husky Energy. We examine the key features of the five firms and analyze their accumulation dynamics in the context of the latest commodity cycle: boom (2004–2014), bust (2014–2016), and restructuring and consolidation (2015 onward).
The Alberta Energy Regulator is apologizing for a “staggering” presentation, made last February by one of its highest-ranking officials, warning the province’s oilpatch that it could be sitting on an estimated $260 billion in financial liabilities.
