Canadian News
The latest news from and about Canadian issues.Saturday, August 02, 2008
Public meetings to address Lake Huron water levels.
Northern Life, August 2, 2008 - “Climate change and water levels in Lake Huron are being discussed at a number of public meetings around Georgian Bay, starting next Saturday in Little Current. Those with property on Lake Huron or for those with an interest in the issue of water levels of the Great Lakes can help officials address the socio-economic impacts of low water levels. The meetings are being held by the International Upper Great Lakes Study (IUGLS) in communities all around the Georgian Bay region of Lake Huron from August 9 to 12.” Read more.
Friday, August 01, 2008
TransCanada profit powers ahead in second quarter.
Calgary Herald, August 1, 2008 - “Calgary-based Trans- Canada Corp. posted higher second-quarter earnings Thursday as it cashed in on robust power prices in booming Alberta. Canada’s largest pipeline company, which also produces and sells power and owns midstream natural gas assets in Canada and the United States, said net income in the quarter rose 21 per cent to $324 million, or 58 cents a share, compared with $257 million, or 48 cents a share, in 2007. TransCanada’s profit beat the majority of analyst expectations.” Read more.
Thursday, July 31, 2008
Pembina Pipeline raises distribution 8.3 per cent.
The Star, July 30, 2008 - “Pembina Pipeline Income Fund, a Calgary-based energy pipeline operator, says it is raising its monthly distribution by 8.3 per cent as the company benefits from strong growth in the Western Canadian energy transportation sector. Pembina said today it is raising its monthly cash payment to unit holders to 13 cents a unit from 12 cents, effective Sept. 15. That means an annual payment of $1.56 per trust unit, up 8.3 per cent from the previous $1.44 payment.” Read more.
Tuesday, July 29, 2008
Giant chunks break off Canadian ice shelf.
National Post, July 29, 2008 - “Giant sheets of ice totaling almost 20 square km broke off an ice shelf in the Canadian Arctic last week and more could follow later this year, scientists said Tuesday. Temperatures in large parts of the Arctic have risen far faster than the global average in recent decades, a development that experts say is linked to global warming. The ice broke away from the shelf on Ward Hunt Island, an small island just off giant Ellesmere Island in one of the northernmost parts of Canada.” Read more.
11 charged in Greenpeace oilsands protest.
CBC News, July 24, 2008 - “Fort McMurray RCMP arrested 11 Greenpeace activists for trespassing at the Syncrude Canada Ltd. Aurora oilsands site at around 12:30 p.m. MT Thursday. The RCMP were called after Syncrude employees found the activists at the tailings pond, Const. Ali Fayad said. The Greenpeace activists were trying to block a pipeline dumping tailings waste into one of Syncrude’s giant tailings ponds.” Read more.
Getty unapologetic about carbon venture.
Calgary Herald, July 29, 2008 - “Ex-premier Don Getty says he’s delighted with the government’s subsidy program for storing carbon, but didn’t have any idea it was coming. A company partly owned by Getty, Capital Reserve Canada Ltd., will apply for government money. Getty acknowledges this with no apology. He figures he’ll be doing something good for the province. The former premier imparts all this on the phone at considerable volume. He’s livid about a column I wrote suggesting a government gravy train is leaving the station.” Read more.
Friday, July 25, 2008
Alberta’s Oil Sands: Sustainable Energy Security for the Americas?
Focalpoint, July 2008 - “Finding the balance between economic growth and environmental stewardship is a paramount challenge in the Americas, nowhere more so than in the development of oil and natural gas. Given the prevalence and abundance of fossil fuel resources in the Americas, sustainable development practices must be adopted and embedded as we develop our resources to ensure secure and stable energy supplies for the peoples of the hemisphere. The northwestern Canadian province of Alberta, home to the largest proven oil reserves in the Americas (and second globally after Saudi Arabia), is perhaps the highest-stakes testing ground for establishing hemispheric energy security within a context of sound environmental management.” Read the PDF.
Thursday, July 24, 2008
Ambassador seeks allies on free trade.
Vancouver Sun, July 23, 2008 - “Canada’s ambassador to the United States sought to enlist the politicians and business groups in the Pacific North West Economic Region as champions of free trade during a breakfast speech to that group’s annual conference in Vancouver. Ambassador Michael Wilson cited a recent survey by the American PEW Research Centre that found half of Americans believe that free trade has cost American jobs, while only 25 per cent believe it has led to economic growth in the country. ‘These findings are a jarring reminder to those of you who import or export,’ Wilson added.” Read more.
Survey finds oil bonanza in Arctic.
National Post, July 23, 2008 - “The Arctic may hold 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and enough to supply U.S. demand for 12 years, the U.S. Geological Survey said. One-third of the undiscovered oil is in Alaskan territory, the agency found in a study released Wednesday. By contrast, a geologic formation beneath the North Pole claimed by Russian scientists last year probably holds just 1.2% of the Arctic’s crude, the U.S. report showed. Energy producers such as Royal Dutch Shell PLC and Chevron Corp. have accelerated exploration of the northernmost regions for untapped reserves amid record prices and receding access to deposits in more hospitable climates. Russia’s move to scrap a United Nations convention and carve out an exclusive Arctic zone sparked protests from Canada, the U.S., Norway and Denmark.” Read more.
Wednesday, July 23, 2008
Bigger IS Better: Largest single private conservation land acquisition in Canadian history.
CNW Group, July 23, 2008 - “The Nature Conservancy of Canada (NCC) today announces a bold commitment to protect 550 square kilometres of remote valleys, mountains and lakes in south-central British Columbia. The acquisition of an exceptional property, known as Darkwoods, launches the largest, single private conservation project ever undertaken by a Canadian non-profit organization. ‘This is a unique and immediate opportunity to conserve a landscape roughly the size of the entire Island of Montreal,’ says John Lounds, President and CEO of the Nature Conservancy of Canada. ‘Darkwoods is a conservation initiative of global significance. It’s part of a greater vision that will set new standards for conservation success.’” Read more.
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