Sale would be TransCanada’s biggest divestment yet

TransCanada Corp. hired RBC Capital Markets LLC to manage the sale of its majority stake in the $6.2 billion Coastal GasLink pipeline in what would be the company’s biggest divestment yet.

If TransCanada moves forward with a sale, joint venture partners could end up owning as much as 75 per cent of the conduit, the company said in a filing to the National Energy Board dated Jan. 25.

January 28th 2019

A subsidiary of Calgary-based energy company TransCanada bulldozed through traplines and personal property from two different clans of the Wet'suwet'en Nation last week, while the RCMP enforced an interim injunction requested by the company so that it could proceed with construction. Some Wet'suwet'en members said the RCMP illegally prevented them from entering their own territories, violating the nation's rights.

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January 25th 2019

Prime Minister Justin Trudeau is relying on an aggressive and outdated Western Canadian crude oil supply outlook to re-approve Trans Mountain’s expansion. Trudeau’s outlook seriously contradicts the supply forecast oilsands producers support as commercially viable.

January 27th 2019

Click here for this leaflet distributed by Vancouver Ecosocialists.

January 21st 2019

A pair of experts on global warming have thrown their support behind a new legal motion urging the National Energy Board to consider all climate-related impacts from the proposed Trans Mountain oil pipeline and tanker expansion in its latest review of the project.

November 26th 2018

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.