Northwest Coast News

‘Native land claims scare the hell out of investors’: energy expert : The Hook

The Hook (Tyhee blog)

‘Native land claims scare the hell out of investors’: energy expert

Fierce First Nations opposition could very well topple Enbridge’s west coast pipeline proposal, a Washington-based energy expert argues.

“Native land claims scare the hell out of investors,” Robert Johnson told an Alberta energy conference, according to an Edmonton Journal report. “My level of confidence [in the project] has gone down quite a bit, unfortunately.”

Johnson belongs to senior management at Eurasia Group, which claims to be the “world’s leading global political risk research and consulting firm.”

PNG hands out more cash to shareholders, execs: Northern Sentinel

Northern Sentinel

PNG hands out more cash to shareholders, execs

Pacific Northern Gas (PNG) shareholders are to receive another cash benefit resulting from the sale earlier this year of its 50 per cent interest in a planned natural gas pipeline to feed the Kitimat LNG export terminal project.

Shareholders of record as of June 6 are to receive $3 a share, amounting to $11 million, part of the net remaining proceeds of an initial $30 million payment made to PNG by Apache Canada and EOG Resources.

The case for co-operation Why Shawn Atleo and Pat Daniel should have lunch: Alberta Oil

Alberta Oil

The case for co-operation Why Shawn Atleo and Pat Daniel should have lunch

A great, though as-yet untapped, ally in the quest to deliver Alberta crude to the Far East could be Assembly of First Nations National Chief Shawn Atleo, who in the same Globe piece lamented the glacial pace of treaty negotiations and the resulting impact on industrial development. “What we have is the potential for perpetual and repeated conflict,” Chief Atleo told the paper. “That doesn’t do anyone any good. It has an adverse impact on not only relationships but overall the economy.”

Editors Note: This online column in Alberta Oil magazine by Jeff Lewis, is based on an interview with Enbridge Northern Gateway CEO  John Carruthers,with this quote

Carruthers, the company’s Gateway chief, reiterates the nation-building argument in the June edition of Alberta Oil. “Accessing alternative, large and growing markets provides critical value for Canadians…”

The Carruthers interview is not available online at this time,

A dire warning from a broken pipe: Globe and Mail

Globe and Mail

A dire warning from a broken pipe

The Rainbow spill is just the latest in a series of oil leaks in North America’s vast pipeline network over the past year, and comes as Canadian energy giants are pressing to win approval for some of their most ambitious projects to date. Those include TransCanada Corp.’s Keystone XL pipeline to ship oil sands crude to the Gulf of Mexico, and Enbridge Inc.’s Northern Gateway pipeline to take Alberta crude to the British Columbia coast for shipment to then to Asia, a plan that faces fierce opposition from first nations.

CNBC interview with Pat Daniels: Enbridge Pipe Dreams?

CNBC VIdeo
 
Enbridge Pipe Dreams?

CNBC  Mad Money host  Jim Cramer377-cnbc2.jpg  interviews Enbridge’s Pat Daniels

Cramer: Enbridge is a Canadian company with a juicy 3.3% yield and a consistent track record of raising that payout. average of 11% over the last decade. They’ve given us a 15% boost this year. Enbridge is the kind ofconsistent dividend-raiser you can count on in good times and bad. they are so money!Why are you highlightinga pipeline company when oil has been getting slammed? the important thing is a company like enbridge is not hostage to oil. they’re related by long-term assets or regulated contracts.Enbridge has never once had to cut the dividend, not once. they’re more regular than metamucil…”

Daniels:  “The gateway pipeline project to the west coast would employ another 1,200 people on apermanent basis. and there would be about 63,000 man years of labor that would go into the construction of the pipeline. We call on crews from all across North America, capped, the U.S.and also from pipe suppliers right across North America. It has a huge positive impact on the economy and huge employment opportunities associated with both the construction and theoperation in our business.

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Energy sector needs to diversify its market

Calgary Herald


Energy sector needs to diversify its market

More on Enbridge Liquid Pipelines president Steve Wuori’s speech in Calgary:

Enbridge has proposed its Northern Gateway project between Edmonton and Kitimat — a $5.5 billion, two parallel pipeline project of 1,900 kilometres — which would diversify the market to include Asia and the Pacific Rim markets.

Wuori said the project would be a “game-changer” for Canada because of the unlocking of various new markets — leading to a $2-3 barrel increase in oil, a $270-billion increase in national GDP over 30 years, 63,000 person years of employment during construction, $4.3 billion in labour-related costs and income for people, and about 1,150 long-term jobs once Northern Gateway is in operation.

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Timeline: Alaska’s natural gas pipe dreams

Alaska Dispatch

Timeline: Alaska’s natural gas pipe dreams

Denali — The Alaska Gas Pipeline project is dead, which is déjà vu for many in Alaska. Talk of the gas line has been going on since workers struck oil at Prudhoe Bay in 1968. In 1977, President Jimmy Carter went so far as to sign legislation designating the Alaska Highway as the route the line would take. That’s pretty much been the trajectory of the project ever since….

In 2008, former Gov. Sarah Palin awarded the company the license to build the line, along with $500 million in state money to help it along the way. It was her signature piece of legislation. TransCanada says that its project is still moving forward.

But to know to know where Alaska’s going with this, it’s important to know where it’s been. 

374-denali-gas-pipeline-thumb-175x113-373.jpgAlaska Dispatch covers the plans, politics and problems of the Denali natural gas pipeline from 2003 until the cancellation of the project.

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Enbridge defends Northern Gateway pipeline

National Post

Enbridge defends Northern Gateway pipeline

Calgary-based Enbridge Inc. defended its controversial Northern
Gateway oil pipeline Wednesday as an important “game changer” for
Canada’s economy that has been wrongly portrayed in an alarmist,
inaccurate and unbalanced way.

In a Calgary speech, Stephen Wuori, president of Enbridge’s liquids
pipeline unit, urged the audience to help balance the discussion about
energy and energy development by taking critics to task on rumour,
misinformation and myth.

“When we read a newspaper story that gives credence and airtime to
unfounded anti-business, anti- development rhetoric, let’s call the
reporter, write a letter to the editor,” he said in his speech.

NEB hearings on KM LNG confirmed for Kitimat, June 7, 2011

Northwest Coast Energy News

By Robin Rowland

The National Energy Board has confirmed  on its website
that  the export licence hearings for the KM  LNG will go ahead in
Kitimat at the Riverlodge Community Centre on June 7, 2011, beginning at
9 a.m.

372-NEB.March6jpg.jpg
National Energy Board officials brief residents of Kitimat on the ground rules for the hearings on the KM LNG export licence, March 6, 2011. (Robin Rowland/Northwest Coast Energy News)

After an information meeting held  by NEB staff on March 6, 2011, there had been fears in the Kitimat community that since NEB policy calls for a hearing to be held where it is most convenient for stake holders and because the deadline for filing for intervenor status or information letters was just one week after the meeting, that the hearings might actually take place in Alberta.

Link to NEB documents  B01 – Application to export LNG for a period of 20 years (GH-1-2011)

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