Energy, environment and science in northwest British Columbia
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.
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.
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.
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.
From Northern View, Prince Rupert
Rally against Enbridge Northern Gateway Project draws hundreds in Prince Rupert
Amidst the laughter, unity, and spirit of a rally against the
Enbridge Northern Gateway Pipeline Project, held in Prince Rupert
Thursday evening, there was one word that reverberated again and again
from participants. That word was no.Organizer of the rally Jenn Rice said governments may come and go, but people on the North Coast are here to stay.