Canada Oil

Raw Dead Fish and Canada's Energy Policy

Paul Barter | Posted 03.29.2015 | Canada Business
Paul Barter

The new TransCanada pipeline isn't about getting energy east -- it's about getting crude oil east. When discussing the environmental impact of oil sands development, stop using the benign sounding "tailings ponds" when we're actually talking about "toxic sludge." Ducks aren't killed when they land in ponds.

Canada's Trade Deficit Widens

CP | The Canadian Press | Posted 03.06.2015 | Canada Business

OTTAWA - Plunging oil prices took a bite out of the value of Canada's exports as the country posted a trade deficit of $2.5 billion for January, the l...

Canada Can No Longer Be 'Rogue Nation On Climate Change': McKibben

The Huffington Post Canada | Zi-Ann Lum | Posted 02.25.2015 | Canada Politics

"If we're to deal with climate change, the tar sands need to stay in the ground, full stop."

Keystone XL Tar Sands Pipeline Veto - Right Decision at the Right Time

Susan Casey-Lefkowitz | Posted 02.24.2015 | Canada
Susan Casey-Lefkowitz

Today President Obama vetoed a bill that would have approved the Keystone XL tar sands pipeline. The president has our heartfelt thanks for showing hi...

Here's What Falling Oil Prices And A Weak Loonie Mean For Businesses

Andrea E. Bolger | Posted 02.18.2015 | Canada Business
Andrea E. Bolger

These factors have brought hard times to some industries and uncertainty about the impacts to the Canadian economy as the whole. While uncertainty is never comfortable, it can present some opportunities and challenges depending on your situation or sector. Here are three to watch for the rest of the year.

Sunny Freeman

Norway May Hold Solution To Canada's Oil Woes: Reports

HuffingtonPost.com | Sunny Freeman | Posted 02.13.2015 | Canada Business

Two new reports are calling on Ottawa and the provinces grappling with oil-related revenue shortfalls to look to Norway for a better way to handle the...

With Keystone XL pipeline uncertain, Alberta floats idea of moving tar-sands oil through Alaska

Alaska Dispatch News | Posted 02.10.2015 | Canada
Alaska Dispatch News

Officials in the Canadian province of Alberta say they hope to talk to Alaska leaders about shipping tar-sands crude oil through the state as the Keys...

The Norwegian Government Pension Fund -- A Success Story

Mona Elisabeth Brother | Posted 03.21.2015 | Canada Politics
Mona Elisabeth Brother

According to the Oil & Gas Journal (OGJ), Norway had 5.83 billion barrels of proven crude oil reserves as of January 1, 2014, the largest oil reserves in Western Europe. The enormous income to the state from the industry made it possible to create a global pension fund that now owns more than one per cent of global share value.

How Is it That Norway Is Rich and We Are Not?

John McKay | Posted 03.21.2015 | Canada Politics
John McKay

Alberta's economy is on the precipice of free-fall where Norwegians are able to look over the precipice and know that they are not going over it. How did this happen? The simple answer is that Norway decided to de-link its economy from oil revenues and Canada did not.

Cheap Oil May Actually Be Good For The Economy

CP | Andy Blatchford, The Canadian Press | Posted 03.06.2015 | Canada Business

OTTAWA - Perhaps an era of cheap crude won't be so bad for Canada after all.A new bank forecast argues the financial blows of low oil prices on the Ca...

Canadian Dollar Off To Weak Start In 2015

CP | Linda Nguyen, The Canadian Press | Posted 03.04.2015 | Canada Business

TORONTO - The loonie plunged to a level not seen in more than five years Friday amid a strengthening U.S. greenback and weaker crude oil prices.The Ca...

What Would Warren Buffett Do With Canadian Assets?

John McKay | Posted 02.08.2015 | Canada Business
John McKay

The short term problem is that Alberta has expensive oil which will make it challenging for all governments to achieve their fiscal goals. Revenues are down. Already we are seeing the incredible shrinking surplus of the Harper government. Medium term the market will right itself and business will pick up.

From Tragedy to Responsibility: The Lessons of Bhopal

Craig and Marc Kielburger | Posted 01.27.2015 | Canada Impact
Craig and Marc Kielburger

For the people of Bhopal, the disaster never ended. They still suffer from water contamination, respiratory illnesses, and higher rates of infant mortality and birth defects. They've waged one court fight after another for more compensation. Thirty years ago the world failed to protect Bhopal. We owe it to them, and all developing communities, to enshrine corporate responsibility in national and international law.

If Growth Goes Up, Shouldn't Oil Prices Rise?

Peter Hall | Posted 01.20.2015 | Canada Business
Peter Hall

Higher oil costs spell the end of globalization. The messages flashed across the globe repeatedly, and were so believable that speculation heightened the havoc. But the bubble burst, and six years on, prices are south of $90 per barrel and falling. Do lower prices make sense, or is this just temporary?

A Vote For Vision Vancouver Is A Vote For U.S. Interests

Vivian Krause | Posted 01.13.2015 | Canada British Columbia
Vivian Krause

If anybody can operate pipelines and oil tankers, Canadians can. Proof of this is the track record of the Port of Vancouver which has operated safely with no major oil spills in more than 100 years. Voting for Gregor Robertson means voting to support a foreign-funded campaign that is keeping Canada over a barrel and costing our country billions.

Worried About Falling Oil Prices? Divest and Re-Invest

Cameron Fenton | Posted 12.22.2014 | Canada Politics
Cameron Fenton

A recent plunge in oil prices as been driving a steady stream of commentary from leading economic voices across the spectrum in Canada calling for everything from outright panic to 'stay the course'. With oil hovering just north of $80 per barrel, many are starting to question the future of pipelines, tar sands and other resource intensive extractive projects.

It's Time to Ditch the Tar Sands Economic Plan

Keith Brooks | Posted 12.21.2014 | Canada Business
Keith Brooks

The Toronto Stock Exchange is plummeting in lock step with the fall in oil prices. The loonie is heading in the same direction, hopefully putting to bed any debate as to whether Canada has a petro-currency. Provinces that rely on oil royalties and revenues will likely have difficulty balancing their budgets.

Governments Should Stop Playing Railway Russian Roulette

Diane M. Francis | Posted 12.09.2014 | Canada Politics
Diane M. Francis

Already there have been three near misses. Four months after Quebec's deaths, another derailment and explosion occurred outside an Alabama town without deaths. This was followed by a collision of two trains that resulted in an evacuation of more than 2,000 persons and a 400,000-gallon oil spill. A third derailment and explosion happened in Virginia forcing another evacuation. Safety is bad enough, but rail is also terrible for the environment.

Dear Fossil fuels, It's Time To Move Along

Mike Hudema | Posted 12.03.2014 | Canada Politics
Mike Hudema

Fossil fuels, the writing is on the wall. Some countries are already powered by 100 per cent renewables, others are on their way. Our cars and transport are starting to be electrified and solar panels, wind turbines, and geothermal are going up in communities around the world (Bangladesh is installing nearly two new rooftop PV systems every minute).

Canada Won't Impose Tough Sanctions On This Russian Industry

CP | Alexander Panetta, The Canadian Press | Posted 09.24.2014 | Canada Politics

NEW YORK -- For all its much-touted toughness in imposing economic sanctions against Russia, Canada has been significantly more timid against one part...

It's Time For Cross-Border Climate Action Along The Salish Sea

Eoin Madden | Posted 11.19.2014 | Canada British Columbia
Eoin Madden

So long as all of that good work in the U.S. can be undone by backward Canadian decision-making, we'll never make true progress. That's exactly why it is so critical for Americans, Canadians, First Nations and Tribes to come together to stop fossil fuel exports from the west coast of North America -- particularly through the waters of Puget Sound, the Strait of Georgia and the Strait of Juan de Fuca, collectively known as the Salish Sea.

Oil By Rail Is In Desperate Need of Clean-Up

Diane Francis | Posted 10.25.2014 | Canada Business
Diane Francis

Railways are transforming North America's energy sector and are, coincidentally, helping to save Canada's bacon. But the train business has been allowed to remain a 19th-century technology run with 19th-century mentality by workers without credentials. Aviation, by contrast, is heavily supervised and operated by licensed personnel with professional expertise and constant surveillance. For the moment, the critically important oil industry has been saved, but if governments aren't as tough as nails in their demands and dealings with the railways, then all bets are off.

'World's Greenest' Refinery Proposed For B.C. Coast

CP | Lauren Krugel, The Canadian Press | Posted 08.10.2014 | Canada Alberta

CALGARY - A Vancouver company is pitching a $10-billion oilsands refinery on British Columbia's north coast that aims to connect Alberta's vast energy...

The B.C. Battle For Enbridge Northern Gateway Polls

DeSmog Canada | Posted 04.22.2014 | Canada British Columbia
DeSmog Canada

I'm sure The Vancouver Sun's spotty coverage of the polling debate has much more to do with a lack of resources and the rush to get stories online than it has to do with the millions of dollars Enbridge and the oil industry spends with Postmedia -- but the optics aren't good.

Stop Trading Precious Water For Fossil Fuels

David Suzuki | Posted 04.21.2014 | Canada
David Suzuki

Drought and fracking have already caused some small communities in Texas to run out of water altogether, and parts of California are headed for the same fate. As we continue to extract and burn ever greater amounts of oil, gas and coal, climate change is getting worse, which will likely lead to more droughts in some areas and flooding in others.