TransCanada Corp., Canada’s second- largest pipeline company, won permission from the country’s National Energy Board to lower tolls on its Mainline natural gas pipeline that has seen declining volumes as eastern Canada gets more of the fuel from shale in the U.S. Northeast.
Adrian Dix, British Columbia’s main opposition leader who opposes Enbridge Inc.’s proposed Northern Gateway pipeline, says he will take back the power to block such projects if his New Democratic Party forms the next government in the Canadian province.
TransCanada Corp.’s proposed $7.6 billion Keystone pipeline system, which would take crude from Alberta’s tar sands down through the Midwest and on to Texas and the Gulf Coast refineries, could be scuttled because of concerns about its potential impact on a major aquifer in Nebraska.
Canada may take months to complete a review of offshore oil and gas drilling regulations in the wake of the spill at a BP Plc well in the Gulf of Mexico that began April 20, the country’s top energy regulator said.
Canada is the U.S.’s most important energy partner and the most responsible choice for crude imports, Joe Oliver, Canada’s natural resources minister, said today at the IHS CERAWeek conference in Houston.