CALGARY C Collapsing energy prices along with a growing global surplus of a liquefied natural gas have dealt another blow to British Columbia’s intends to develop an LNG industry. AltaGas Ltd. said Thursday it’s shelving its Douglas Channel LNG plant, widely one among the B.C. frontrunners, saying it had been unable to find customers for the super-cooled natural gas. “The Douglas ...

In what is among the largest equity financing deals in recent years, Calgary-based Enbridge Inc. has signed a bought cope with a group of underwriters to sell 49.14 million shares at $40.70 apiece. Enbridge, whose shares are listed on both the TSX and also the NYSE, will raise gross proceeds of $2 billion from the transaction, that is likely to ...

Touted by economists as a wondrous market mechanism that delivers Canada from the evils of climate change, carbon prices are emerging out of the political swamps like a regulatory nightmare. It is also shaping up as the Great Canadian Carbon Tax Grab. In coming of a first ministers’ meeting next week with Prime Minister Trudeau in Vancouver to begin setting ...

Rising competition between North American Free Trade Agreement (NAFTA) members to export crude oil, poses challenges for Canada, according to a brand new report through the International Energy Agency. “This trend is increasingly supported also because the Keystone XL expansion project did not receive approval through the U.S. Administration President Obama in November 2015,” said the IEA in the set ...

TORONTO – Ontario Finance Minister Charles Sousa announced Thursday that the province’s budget deficit has shrunk a lot more than expected and that the Liberals take presctiption pace to return to a balanced budget by 2017-18, even as net debt is set to increase for the reason that timeframe. Highlights from the 2016 Ontario budget By Keith LeslieFinance Minister Charles ...

A consortium led by Ontario Teachers’ Pension Plan Board and Borealis Infrastructure won antique dealer war to purchase London City Airport for about 2 billion pounds (US$2.8 billion), based on people acquainted with the problem. The group beat an adversary bid from China’s HNA Group to get the facility from Global Infrastructure Partners, the person said, asking not to be ...

Canada’s oilsands have been battered badly by low oil prices, adverse government policies and transportation constraints, but production is continuing and growth looks unstoppable until the end from the decade, based on two new reports. Cut costs, borrow cash or liquidate: Saudis deliver harsh message with other oil producers Saudi oil minister Ali Al-Naimi issued a stark warning to global ...

Husky Energy Inc, Canada’s No. 3 integrated oil company, posted a smaller-than-expected quarterly loss as cost cuts help cushion the impact from slumping crude oil prices. The company posted a loss of revenue of $69 million, or 9 cents per share, for the fourth quarter, compared with a loss of revenue of $603 million, or 65 cents per share, last ...