Alberta Energy Minister Diana McQueen said she expects Canada’s government to approve the Northern Gateway pipeline this month, putting crude producers a step closer to easing bottlenecks that are suppressing prices.
Alberta shouldn’t increase its carbon levy for large emitters until the U.S. moves with its own regulations, said Jim Prentice, a former Canadian environment minister who’s running to lead the province.
Canadian Environment Minister Jim Prentice announced the country will phase in greenhouse-gas emissions standards for coal-powered energy facilities to give the industry time to adopt cleaner technologies.
Canada should build oil and gas links to Asia as the government reviews Cnooc Ltd.’s bid for Nexen Inc., said Jim Prentice, vice chairman of Canadian Imperial Bank of Commerce and an ex-industry minister.
Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.