VICTORIA – The Wilderness Committee is celebrating an announcement by the BC Environmental Assessment Office (EAO) late yesterday afternoon, which terminated the assessment for the proposed Raven Coal Mine in the Comox Valley on Vancouver Island.
Mody Torres of Select Energy Services monitors water tanks at a Hess fracking site near Williston, North Dakota (ANDREW CULLEN/REUTERS)
The federal government will impose regulations to cut methane emissions in the oil and gas industry by as much as 45 per cent as part of a bilateral climate deal announced Thursday during Prime Minister Justin Trudeau’s official visit to Washington.
We saw the delegates hugging each other as they walked out of the COP21 climate change talks in Paris back in December — but we had no idea what the agreement they reached meant for Canada.
Now we do. And it turns out Saskatchewan Premier Brad Wall was quite right to be anxious about the future of our fossil fuel industry and Alberta Premier Rachel Notley may have been quite wrong in her assertion that Alberta will prosper — if she was talking about the oil and gas industry, at any rate.
While other Canadian provinces phase out coal, Nova Scotia is defiantly preparing to open its first coal mine since the last one closed in 2001 - this one under the ownership of a secretive American billionaire with ties to the Carlyle Group and Jeb Bush.
Longview, WA - Arch Coal, Inc., the second largest coal supplier in the United States, announced today that it would be filing for bankruptcy protection after suffering several quarters of losses and being unable to restructure its debt. The company has been a major player in coal regions across the U.S., including Appalachia and the Powder River Basin.
A Campbell River coal mine says it is suspending operations indefinitely, citing a prolonged and steep decline in coal prices and changes in market demand.
Up to 66 workers at Quinsam Coal face job cuts, the company said in a statement Friday.
It said the mine will be placed into “care and maintenance,” but existing supply contracts will still be honoured.
Already battered by plunging oil prices, Western Canada has another big problem: the collapse of coal. Alberta and British Columbia are suffering from the fallout of a severe downturn in the global coal market, brought on by China’s rapidly cooling industrial demand and the growing shift away from coal-fired electricity generation. It’s troubled times for an industry that’s long been a quietly powerful force in the Canadian economy.
