Oil by Rail

03/06/21
Author: 
The Canadian Press
Oil pipes

June 3, 2021

CALGARY — An insurance provider for the Trans Mountain pipeline said it will not renew its policy with the company when it expires in August.

Argo Group International Holdings Ltd., an international underwriter based in Bermuda, said the project no longer fits the company's risk appetite. 

"We currently insure the Trans Mountain pipeline, but do not intend to renew when the policy expires in August 2021," spokesman David Snowden said. 

"This type of project is not currently within Argo's risk appetite."

01/06/21
Author: 
Canadian Centre for Policy Alternatives
Report cover
JUNE 1, 2021

VANCOUVER - A stark change in direction is needed if Canada is to meet its emissions-reduction targets, says a new report by veteran earth scientist David Hughes. 

Going into the G7 Summit later this month, Canada and the US are the only G7 countries that have not reduced emissions since signing the 2016 Paris Accord. In fact, Canada has shown the greatest emissions increase during this time. 

18/05/21
Author: 
Emma Graney

MAY 18, 2021

Investment in any new oil and gas developments must stop immediately, electricity should be 90 per cent renewable by 2050 and governments must “close the gap between rhetoric and action” if the world is to meet its goal of net-zero emissions and limit the worst impacts of climate change, according to a new report by the International Energy Agency.

28/02/21
Author: 
Emma Graney

* "ESG investing is the consideration. of environmental, social and governance factors alongside financial factors in the investment decision–making process.”

FEBRUARY 25, 2021

Alberta will establish an office to promote the oil industry’s environmental, social and governance measures in the hope it can help stem the tide of divestment from the oil sands and the Canadian energy sector, as the province tries to climb out of the $18.2-billion deficit projected in its 2021 budget on Thursday.

29/09/20
Author: 
Jeffrey Jones
An oil sands strip mine near Fort McMurray, Alta. in 2015.  IAN WILLMS/THE NEW YORK TIMES NEWS SERVICE

Sept. 27, 2020

Proponents of a $22-billion railway linking Alberta and Alaska can start work on a host of Canadian and U.S. approvals it will require after Donald Trump announced that he will issue a presidential permit allowing the border crossing.

13/02/20
Author: 
Carl Surran, SA News Editor 
[Editor: Seeking Alpha is a website geared to advising investors. It's big on energy corporations.]
 

25/06/19
Author: 
Deborah Jaremko

 

Canadian crude by rail activity is on the upswing again, according to new data from the National Energy Board. 

The NEB reports that rail offtake from the Western Canada Sedimentary Basin averaged 236,252 bbls/d in April 2019.

“This is a 40 percent increase over March 2019 exports but still down from the record high of 353,789 b/d in December 2018,” the NEB tweeted on Friday.

05/02/19
Author: 
John Ivison
Finance Minister Bill Morneau speaks with reporters about the Parliamentary Budget Officer's report on the Trans Mountain pipeline outside the House of Commons Thursday.Adrian Wyld/The Canadian Press

Morneau may not have been fleeced, but certainly paid at the high end of the valuation scale, apparently assuming that everything would proceed smoothly

January 31, 2019
 

The sticker price Kinder Morgan put on the Trans Mountain pipeline when it entered negotiations with the federal government last year was $6.5 billion. Hence, finance minister Bill Morneau and his team thought they’d scored a bargain when they sealed the deal at $4.4 billion.

But it looks increasingly like he may bought a cat in a sack.

27/12/18
Author: 
Will Horter

Dec 26, 2018 - We are being inundated with discount frenzy and it’s not just annoying, it could be life-threatening.

I’m not talking about the onslaught of huckster ads encouraging us to buy, buy, buy on Black Friday, or even today, Boxing Day. No, the truly crazy-making discount frenzy is the barrage of half-truths, misinformation and outright lies blaming Alberta’s woes on the so-called discount on Canadian oil. That’s some serious snake oil (aka propaganda) that is sabotaging our chance to keep the world habitable for our children.

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