Has Big Oil exposed itself to billions in losses from a widening price differential between light (West Texas Intermediate, or WTI) and heavy (Western Canadian Select, or WCS) oil?
That’s the hypothesis in a report by Scotiabank as reported in The Vancouver Sun on Feb. 20 (Pipeline delays impose demonstrable cost ($10.7 billion) to Canada’s economy: Scotiabank).
Alberta recently took its battle with British Columbia over Kinder Morgan’s Trans Mountain pipeline project to B.C.’s major daily newspapers.
The provincial government’s full-page advertisement lamented the dispute between the Alberta and B.C. governments over the need and wisdom of the pipeline project.
BC Hydro says it faces substantial new costs for the Site C dam after agreeing to suspend work on a portion of the construction until the courts can hear an injunction application this summer by a First Nation seeking to block the $10.7-billion project.
The West Moberly First Nation is seeking an interim injunction to halt the project pending a full civil trial that aims to kill Site C. A hearing on the interim injunction application is expected to begin in July.
A group of North Coast First Nation hereditary leaders says it is in full support of the federal government’s proposed oil tanker ban.
The Allied Tribes of Lax Kw’alaams says there have been misconceptions about who represents the hereditary leadership of the First Nation. The leadership group says that the Chief’s Council set up to advise proponents of the Eagle Spirit Energy project has been misrepresented as the voice for hereditary leaders in Lax Kw’alaams.
Feb 26, 2018 - While BC consumers of carbon pay an ever increasing tax — $10 billion since 2009 — carbon producers are enjoying billions of dollars in subsidies.
A group called the Justin Trudeau Brigade has stepped up the battle against the Kinder Morgan pipeline expansion project.
According to founding member David Mivasair, the group has been staging daily blockades at the company’s Westridge Marine Terminal in Burnaby since the middle of January this year.
