The new Alberta government has enacted a law enabling it to restrict the flow of...
CALGARY, Alberta - The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a dispute between Canada’s westernmost provinces over the Trans Mountain pipeline.
The legislation, dubbed the “turn off the taps” act, was passed but not enacted by the province’s previous, left-leaning New Democratic Party government last year in retaliation for British Columbia opposing the expansion of the Trans Mountain pipeline. “If needs be, we will do what is necessary to preserve the value of our resources and to stand up for our workers,” Kenney said. “This does not mean energy shipments will immediately be reduced, but rather that our government will now have the ability to use the law should circumstances require.”
Last August, after a number of regulatory delays, the Canadian government bought the pipeline from Kinder Morgan Canada Ltd for C$4.5 billion to ensure it gets built.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada to enact final tariffs for two types of steelCanada said on Friday it would enact final special tariffs, called safeguards, t...
Read more »
Pro-Palestine Columbia students reject invitation, accuse Pro-Israel group of 'racist, belligerent' activities'We call on our peers to reject racism, reject Zionism, and reject SSI!'
Read more »
France to match tax cuts with spending cutsFrench President Emmanuel Macron has ordered further cuts to income tax to be ma...
Read more »
In 2019 Boeing's Cash Flow Will Fall $5 Billion Or $9 Billion Below January ForecastThe most important thing to come out of Boeing's April 24 conference call is that it withdrew its forecast for 2019
Read more »
Hadas: Profit flows freely, companies behave badlyAn IMF study shows a significant increase in companies’ pricing power since 2000 in developed economies. The trend in profitability is likely to bring less investment, more market-stifling mergers and more smugness from managers. Change requires a rethink of how competition works.
Read more »
In 2019 Boeing's Cash Flow Will Fall $5 Billion Or $9 Billion Below January ForecastIn 2019, Boeing's cash flow will fall $5 billion or $9 billion below its January forecast
Read more »
Oil companies say industry could take on Alberta crude-by-rail dealsExecutives at some of Canada's biggest oil producers say the private sector...
Read more »
Italian energy firm Enel switches on its first power plant in ZambiaZambia is looking to diversify its sources of energy.
Read more »