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politics
Stephane Dion heads to heart of cowboy country to push new green strategy (Dion-Green-Stampede)
CALGARY _ Federal Liberal Leader Stephane Dion rode into the heart of cowboy country Friday to lasso support for his green plan in a province that snorts at any whiff of the old national energy program.The policy brought in by the Trudeau Liberals in the early 1980s is still despised by many in Alberta who felt it siphoned oil revenue from the province and sent it to Central Canada. It's a...
nuclear
Oil prices fall more than US$1 a barrel on hopes Iran nuclear tensions could ease (Oil-Prices)
Oil prices fell more than US$1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer.Iran on Friday gave an undisclosed response to an international offer of economic and other incentives if it suspends a central part of i...
oilbarrel
Forest Gate has until Sept. 1 to make payment or lose stake in Celtic Sea project (Forest-Gate-Resources)
MONTREAL _ Forest Gate Resources Inc. (TSXV:FGT) says it has been issued with a notice of default by the operator of the Celtic Sea oil project for failing to pay a July 3 cash call in time.Forest Gate says it has 60 days from the notice, or until Sept. 1, to pay the full outstanding balance or forfeit its share in the project.A similar scenario unfolded last year, when Forest Gate...
global
Challenges abound for India if it makes $2.5 billion oilsands investment (India-Oilsands)
CALGARY _ India's state-owned firm may be keen on making a $2.5-billion investment in Alberta's oilsands, but one analyst wonders how far that money will go."I think at the end of the day their challenge in deploying the $2.5 billion will be what makes their money any better than anyone else's money?" asked Barry Munro, an oil and gas analyst for Ernst & Young.At an international e...
politics
Stephane Dion heads to heart of cowboy country to push new green strategy (Dion-Green-Stampede)
CALGARY _ Federal Liberal Leader Stephane Dion rode into the heart of cowboy country Friday to lasso support for his green plan in a province that snorts at any whiff of the old national energy program.The policy brought in by the Trudeau Liberals in the early 1980s is still despised by many in Alberta who felt it siphoned oil revenue from the province and sent it to Central Canada. It's a...
politics
N.S. owed hundred of millions in resource royalties, says government source (NS-Crown-Share)
HALIFAX _ The final report by a panel examining Nova Scotia's crown share dispute with Ottawa has determined the province is owed hundreds of millions of dollars from the decades-old offshore resources agreement, a government source said Friday."It's says very clearly that crown share payments are owed to Nova Scotia ... so right off the bat that's good," the source told The Canadian Press...
politics
N.S. owed hundred of millions in resource royalties, says government source (NS-Crown-Share)
HALIFAX _ The final report by a panel examining Nova Scotia's crown share dispute with Ottawa has determined the province is owed hundreds of millions of dollars from the decades-old offshore resources agreement.A government source has told The Canadian Press that the three-person federal-provincial panel has determined that Nova Scotia is owed the royalty.Premier Rodney MacDonald...
politics
500 dead ducks could cost Syncrude $1M if Alberta goes ahead with charges (Oilsands-Dead-Ducks)
EDMONTON _ The Alberta government has wrapped up an investigation into how 500 ducks died in the toxic sludge of an oilsands tailings pond last spring."The probe is complete. We've compiled all the evidence," Alberta Environment spokesman Josh Stewart told The Canadian Press on Friday. "Right now we're going through it to evaluate whether or not we'll be passing charges along to Alberta Ju...
money
Creststreet Power & Income Fund to redeem debentures and pay unitholders (Creststreet)
CALGARY _ Creststreet Power & Income Fund LP (TSX:CRS.UN) said Friday that it will redeem all of its outstanding seven per cent and eight per cent convertible debentures and distribute the remaining net assets of the partnership to unitholders as it winds up operations.The fund said unitholders will receive $6.915 per unit, while holders of the seven per cent debentures will receive $1,032...
politics
Stephane Dion heads to heart of cowboy country to push new green strategy (Dion-Green-Stampede)
CALGARY _ Federal Liberal Leader Stephane Dion rode into the heart of cowboy country Friday to lasso support for his green plan in a province that snorts at any whiff of the old national energy program.The policy brought in by the Trudeau Liberals in the early 1980s is still despised by many in Alberta who felt it siphoned oil revenue from the province and sent it to Central Canada. It's a...
 
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