Keystone XL

Canada oil producers exhaust options as pipelines, railroads fill

CALGARY, Alberta/NEW YORK (Reuters) - Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.<p>This will drive down the profit …

Boost for fossil fuel divestment as UK eases pension rules

Exclusive: pension schemes will be free to dump fossil fuel investments after government drops ‘best returns’ legal rules<p>The government is to allow Britain’s £2tn workplace pension schemes to dump their shares in oil, gas and coal companies more easily, empowering them to take investment decisions …

Climate

Clearing Up Some Confusing Headlines About The U.S. Oil And Gas Industry

In the oil and gas industry, sometimes it is hard to figure out what is real and what isn’t – what is really happening, and what really isn’t happening. I spent 38 years in the industry, and still have a hard time figuring it all out. Here are some good recent examples of stories whose headlines …

Fort McMurray

Canadian Oil Prices Plunge To $30 | OilPrice.com

Oil from Canada’s oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years.<p>Western …

Oil

Here's how Trump is trying to undo Obama's work

A year of dysfunction in Congress and the GOP failure to repeal the Affordable Care Act has fueled a popular narrative that President Trump has …

Barack Obama

Oilsands output set to surpass export pipeline room

An RBC report warns that Canadian oilsands producers face rising price discounts as growing production “materially exceeds” export pipeline capacity …

Oil

An Incomplete Timeline of What We Tried

Working back from human extinction.<p><i>Human extinction.</i><p>The coordinated release of various strains of a human sterilization virus.<p>The no-child laws.<p>The launching of the Colony into space, no final destination in mind, for those able to afford the journey.<p>Retraction of health care services for the ill …

Arctic National Wildlife Refuge

Cashing Out From the Climate Casino

It’s hard to be optimistic about climate action, not in a week when federal scientists reported that “the Arctic shows no sign of returning” to the “reliably frozen region of recent past decades.” Not in a month when California’s wildfires show every sign of burning straight through Christmas. And …

Climate

Tweets About Trump's "Redundancy & Duplication" Quote Show People Making The Same Joke

On Thursday, Dec. 14, President Donald Trump's administration committed an inexcusable and unforgivable offense (well, for the word police, at …

Donald Trump

President Trump Cuts Red Tape: On Deregulation, Winning 22-1

President Trump delivered a statement at the White House Thursday where he touted his progress on deregulation, one of his top priorities. He also …

Politics

The EPA tries to turn a blind eye to carbon emissions. The courts can stop it.

<i>Sheldon Whitehouse is a United States senator from Rhode Island.</i><p>In the recent Frontline documentary, <i>War on the EPA</i>, the CEO of the Murray Energy …

Climate

Trump Literally Cuts Red Tape on Federal Regulations With Giant Gold Scissors

President Donald Trump touted his administration's success in cutting down on federal regulations in a press event Thursday. To highlight how many …

Donald Trump

CANADA STOCKS-Futures dip ahead of European interest rate decisions

Dec 14 (Reuters) - Stock futures pointed to a slightly lower opening for Canada's main stock index on Thursday, a day after the U.S. Federal Reserve …

Economy

TransCanada Seeks to File Amended Keystone Plan in Nebraska

TransCanada Corp. is seeking consent from Nebraska regulators to amend its Keystone XL pipeline application in a bid to tackle concerns over the …

South Dakota

Before the Bell: What every Canadian investor needs to know today

Equity Markets<p>U.S. stocks futures were treading water early Wednesday ahead of what is expected to be the third interest rate hike of the year by the U.S. Federal Reserve. In Canada, Bay Street futures were slightly higher as oil prices rose and world stocks advanced.<p>"The focus is firmly on the …

Economy

Wall Street Breakfast: Fed Decision, Outlook On Watch

<b>U.S. stock index futures</b> are pausing for breath ahead of what is expected to be the Fed's third interest rate increase of the year, as well as …

Business

‘Chock full’: Enbridge warns its pipelines are near maximum capacity as Canadian oil prices crash

CALGARY – Enbridge Inc., Canada’s largest pipeline operator, warned its network of oil pipelines is reaching maximum capacity, on the day heavy oil …

Fitch Ratings

Five things you should know before you start your work day on Dec. 13

Good morning! Editor Nicole MacAdam (@nicole_mac1) here. Bombardier wins a US$724 million rail contract, marijuana company Aphria says it’s “on the …

Tim Hortons

'No shame': how the Trump administration granted big oil's wishlist

The EPA has fulfilled almost all major demands made by the American Petroleum Institute within its first year under Trump<p>The Trump administration’s zeal for environmental rollbacks has enabled it to fulfill almost all of the top priorities in a “wishlist” drawn up by the American Petroleum …

Climate

'This. Is. Big.': After Years of Pressure, World Bank to Drastically Curb Funding of Fossil Fuels

As world leaders convene at the One Planet Summit on the second anniversary of the Paris Climate Agreement, environmental advocates are cautiously …

Climate

Drinking Water and Native American Land Threatened by Proposed Pipeline Cutting Across Virginia and North Carolina

A 600-mile underground natural gas pipeline in the Southeast has communities divided and is prompting everyday residents to take action before the deal is done.<p>Berkeley Laury is a 74-year-old African-American man who’s lived his entire life in Buckingham County, Virginia. In a video produced by the …

Environment

UPDATE 1-TransCanada clashes with pipeline opponents at Nebraska hearing

LINCOLN, Nebraska, Dec 12 (Reuters) - Opponents of TransCanada Corp 's TRP.TO proposed Keystone XL oil pipeline argued on Tuesday that regulators in …

Barack Obama

UPDATE 1-Enbridge says Line 3 pipeline project operational date uncertain

(Adds more comments from executive, background on protests)<p>CALGARY, Alberta, Dec 12 (Reuters) - The start date for Enbridge Inc's ENB.TO C$8.2 …

Kinder Morgan

Trade tribunal’s ruling could derail future of LNG in B.C.

<i>Chris Gardner is president of the Independent Contractors and Businesses Association of British Columbia</i><p>Canada just can't seem to get out of our own way when it comes to major infrastructure projects and responsible resource development. Political leaders and bureaucrats keep tripping us up with …

Canada

Can the White House overrule states on pipeline permits? Trump thinks so

By now we’re all familiar with the many years it took to get the Keystone XL pipeline approved. Much of the fighting took place at the federal level, …

Conservative View

Environment | Discover The Economist

That is no guarantee it will actually be built<p>print-edition icon Print edition | United States<p>IN THE nine years since Keystone XL was first proposed …

Barack Obama

Black Snake Chronicles: Wiindigoo Economics and the Return of Keystone XL

In these troubling and surreal times, honest journalism is more important than ever. Help us keep real news flowing: Make a donation to Truthout …

Environment

A Native Activist on a Simple Way to Combat Land Grabs Like Bears Ears

<i>In our series Front Lines, Splinter speaks to activists leading the charge in all kinds of ways.</i><p>“Right now we are in Yelamu, which is Ramaytush …

Liberal View

Wells Fargo Has a Choice to Make on Keystone XL & Tar Sands: Double Down or Divest?

It’s been a rough year for Wells Fargo. By now, you’ve probably heard about the bank’s ongoing consumer fraud scandal. Millions of fake accounts were …

Climate

A Federalist Faces Down Lincoln's Powerful Legislature

“I’m a big believer in stealing other people’s good ideas,” Nebraska’s Gov. Pete Ricketts tells me on a visit to Hillsdale College, where I teach. “We have 50 states that can implement ideas,” the 53-year-old Republican adds, and “we’ve got a great story to tell about some of the things we’re doing …

Opinion