Highlights / oil

Economy, Environment & Animal Life, International

The end of peak oil demand?

Oil demand will decline, renewable energy sources increase: BP 2020 report For decades environmentalists have been calling for reductions in the use of fossil fuels which they say contributes to global warming resulting also in climate change. For almost the »

Economy, International, Politics

A major setback for the Trans Mountain pipeline

The long battle to build the Trans Mountain pipeline (TMX) in Canada got another severe jolt this week. One of the major insurers for the project, Zurich, has said it will not renew coverage for the pipeline. Coverage will expire »

Arts & Entertainment, Economy, Health, Politics, Society

COVID-19: Cash crunch for business, cities, provinces, even federal government

Across Canada the effects of the pandemic are widening. Restaurants are allowed to stay open as an essential food service but only if they provide take-away or delivery and no in-store seating, but that is not saving all of them. »

Economy, Society

Investments in the oil and gas industry expected to increase in 2020

The Canadian Association of Petroleum Producers is expecting a $2 billion increase in oil and natural gas investments this year.  CAPP also says that investments in traditional oil are expected to increase to $25.4 billion from $24.4 billion. According to »

Economy, Environment & Animal Life, International, Politics

Federal Court of Appeal hearing challenge to pipeline project

The highly contentious Trans Mountain pipeline expansion (TMX) project is back in court yet again. Six challenges to the pipeline were granted access in September to the Federal Court of Appeal in Vancouver to challenge the government’s environmental consultations and »

Economy, International

Railway strike, freight slowdown across Canada

The teamsters union of conductors , train personnel and yard workers at Canadian National Railway have gone on strike, Some 3,2OO conductors, and train and yard workers at Canada’s largest railway system walked out at midnight last night, primarily over »

Economy, Environment & Animal Life, International, Internet, Science & Technology

Oil companies explore loophole in shipping restriction

A Canadian law passed in June prevents Alberta oilsands crude being shipped from the British Columbia terminals along Canada’s northern Pacific coastline. This was due to fears of the environmental damage if there was an oil spill. But a test »

Economy, Environment & Animal Life, International, Politics

Drone attacks on Saudi oil installation: economic and geopolitical effect

Two Saudi oil refineries suffered a surprise attack on Saturday by drone or small cruise-type missiles. The U.S is blaming Iran and rattling its sabre. The regional Houthi rebels in Yemen however are claiming responsibility. World oil prices are affected, »

Economy, Environment & Animal Life, International, Politics, Society

Major pipeline project approved, but…

Yesterday afternoon, Canadian Prime Minister Justin Trudeau announced that the Trans Mountain pipeline project had been approved by cabinet. The multi-billion dollar and highly controversial project would triple crude capacity from the Alberta oilfields to a tanker facility on the »

Economy, Environment & Animal Life, International, Politics, Society

Controversial Trans Mountain pipeline decision today

It’s been a rough ride for a multi-billion dollar oil pipeline project in western Canada. The Trans-Mountain pipeline is essentially the addition of a second pipeline to an existing older line stretching from Alberta’s oil sands area over the Rocky »