Alberta was forced to announce oil production cuts this week in order to both liquidate existing backlogged oil and in the hopes of fetching higher prices.
This was welcome news for all those fighting to prevent the worst, most catastrophic impacts of our rapidly changing climate.
TransCanada Corp.’s Coastal GasLink subsidiary will seek a court order this week to dismantle a blockade backed by a group of hereditary Indigenous leaders who are trying to halt construction on a $6.2-billion pipeline project.
Numerous members of the Unist’ot’en group, also known as the Dark House, have blocked access to a crucial bridge, Coastal GasLink said in its injunction application in B.C. Supreme Court. A court hearing is scheduled for Thursday in Prince George, B.C.
The Trans Mountain oil pipeline is costing a Canadian Crown corporation some staggering interest expenses that cast doubt on strong revenues from the infrastructure touted in the federal government's recent economic update.
The interest expenses were $20 million over a single month in September, right after Prime Minister Justin Trudeau's government purchased the pipeline and related assets from Texas energy company Kinder Morgan for $4.5 billion.
