[Webpage editor's note: The proposed Energy East pipeline would terminate at the Irving refinery and export terminal in St John, New Brunswick. Just one telling tidbit from this article: Property taxes on the Irving's oil-by-rail terminal are half those of the Tim Horton's across the street.]
The Irvings run New Brunswick like a hermit kingdom. But as the Energy East pipeline catapults the family onto the national stage, the timing is awkward. Now even the Irvings aren’t talking to the Irvings,
Canada’s oil sands sector represents a crucial global supply to meet future crude demand, but only if producers can simultaneously drive down costs and slash greenhouse-gas emissions, the head of the influential International Energy Agency said Thursday.
Feb. 21, 2016 - For a time, it looked as if the B.C. Liberal government’s political challenge with the Northern Gateway pipeline project would be removed with the federal government’s promised ban on oil tankers off British Columbia’s north coast.
Like a persistent stain, however, Northern Gateway is back on B.C. Environment Minister Mary Polak’s desk for a decision.
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.
The dramatic crash in the price of oil is rewiring the circuits of global capitalism by creating enormous volatility in the world's stock exchanges, hammering banks that made billions of dollars in loans to energy firms, and ravaging the budgets of the world's largest oil-producing countries. Today, oil is trading at around $30 a barrel – roughly 75 per cent below its price of $114 a barrel in the summer of 2014 – that is, a year and a half ago. The collapse has been as sharp as it has been sudden, confounding economic analysts, energy producers and global financial centers.
Burnaby residents could “suffer extreme consequences” if a major earthquake were to hit the Kinder Morgan pipeline and tank farm, according to a group of local citizens against the pipeline expansion.
Burnaby Residents Opposing Kinder Morgan Expansion (BROKE) presented its final argument to the three-person National Energy Board panel on Thursday, at the Delta Burnaby Hotel and Conference Centre.
“A major earthquake in this region is not a remote possibility,” said BROKE’s lawyer Neil Chantler. “It’s not a question of if, but when.”
TransCanada Corp put “substandard materials” — made by Quebec manufacturing company, Ezeflow — in an Alberta natural gas pipeline that blew up in 2013, Canada’s pipeline regulator said on Friday as it finally responded to a four-year old warning from a whistleblower with a new industry-wide safety order.
NAIROBI – The idea that oil wealth can be a curse is an old one – and it should need no explaining. Every few decades, energy prices rise to the heavens, kicking off a scramble for new sources of oil. Then supply eventually outpaces demand, and prices suddenly crash to Earth. The harder and more abrupt the fall, the greater the social and geopolitical impact.
![Tar sands - Canada's carbon bomb [Photo: Peter Blanchard/Flickr].](https://ecosocialistsvancouver.org/sites/default/files/styles/medium/public/article-image/tar_sands_carbon_bomb.jpg?itok=2wE84h35)
