The federal government disassociated itself on Thursday from an embarrassing official policy paper that said the country’s independent energy regulator, now studying a controversial oil pipeline, is in fact a government ally.
The federal government is working to speed into place changes this year to expedite the regulatory review of new industrial projects. Ottawa plans to unveil new plans in “months, not years,” Natural Resources Minister Joe Oliver said in Calgary on Wednesday.
Warburg Pincus LLC, one of the world’s oldest and largest private equity firms, wants to do more deals in Canada’s oil sands.
In a rare interview, Charles (Chip) Kaye, co-president of the New York-based firm, said he thinks the U.S. government’s decision to postpone approval of TransCanada Corp.’s Keystone XL pipeline was shortsighted. And it will in no way diminish Warburg Pincus’s appetite for oil sands investments.
The Globe & Mail reports this week, British Columbia premier Christy Clark announced during her China trade mission that she has secured $860 million in financing to build a coal mine in northeast BC near Hudson’s Hope which will eventually create 4,800 jobs.
What Clark didn’t mention is the hitch: The proposed Gething mine would be built in the West Moberly First Nation’s territory. The province knows full well that the native band – one of a small number with a treaty in BC – opposes the plan.
The most dramatic effect of MF Global’s bankruptcy is being felt on the other side of the world from the company’s New York offices. Sheep farmers in Australia woke up on Tuesday morning to discover their wool futures market had closed down.