by Bloomberg
|Tuesday, January 19, 2021
Biden s campaign has pledged to cancel the pipeline s license, haunting Canada s oil sands industry.
(Bloomberg) The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.
“If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,” Alberta Premier Jason Kenney said in a press conference Monday. “That would offset construction costs.”
With Joe Biden set to be sworn in this week, the U.S. president-elect’s campaign promise to cancel the crude pipeline’s license is haunting the Canadian oil sands industry. The decision may come via executive action on his first day in office, CBC News reported on Sunday, citing people it didn’t identify.
Share A UN human rights committee is calling on Canada to end the forced evictions of Indigenous Peoples protesting the Coastal GasLink pipeline and the Trans Mountain pipeline on their territories. Photo: Amber Bracken / The Narwhal
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UN committee rebukes Canada for failing to get Indigenous Peoples’ consent for industrial projects
One of the world’s leading human rights bodies calls for work to stop on Coastal GasLink pipeline, Trans Mountain pipeline and Site C dam, saying Canada is failing to comply with international law 12 min read
In a rebuke to Canada, the UN Committee on the Elimination of Racial Discrimination (CERD) has expressed regret that work continues on the Coastal GasLink pipeline, the Trans Mountain pipeline and the Site C dam without the free, prior and informed consent of Indigenous Peoples.
Forecast: Canada to See Some Rebound in Oil & Gas Capex This Year
Industry Segment: Production | Word Count: 599 Words
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SUGAR LAND January 14, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Capital spending by Canada s oil and gas producers hit a historic low in 2020, but the industry will see a C$3.36 billion (US$2.66 billion) bounce in upstream spending this year, mostly in Alberta and British Columbia, according to a forecast by the Canadian Association of Petroleum Producers (CAPP).
Within this article: Narrows Lake SAGD Bitumen Production Project