NDP willing to partner with Alberta energy industry but still opposed to Northern Gateway

Federal Opposition Leader Tom Mulcair told a Calgary business crowd Tuesday an NDP government would be a partner with Alberta’s energy industry.

But the New Democrat reiterated to reporters that he remains adamantly opposed to the proposed Northern Gateway pipeline to the British Columbia coast and that the planned Keystone XL line into the United States would not be a priority for his party. [Read more...]

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Alberta needs to develop renewable energy policies, says Greengate Power head

The Alberta government needs to develop renewable energy policies to spur on further development of renewable energy projects, says the president and CEO of the company building the largest wind farm in Canada.

Dan Balaban, head of Calgary-based Greengate Power Corp., said Wednesday the 300-MW Blackspring Ridge project near Carmangay has been developed despite no provincial support.

“We’re looking for the government to say that they prefer clean sources of energy,” he said. [Read more...]

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Alberta’s Industrial Heartland Strengthening Role as Key Energy Hub

Edmonton, Alberta (January 24, 2013) - Alberta’s Industrial Heartland hosted the 14th Annual Stakeholder Update and Luncheon providing valuable insight for over 500 leaders in business, government, and the community. Discussions highlighted the resurgence of interest in the region with recent announcements totaling $21 billion of potential future capital investment. [Read more...]

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Canada Considering Nuclear Reactors in Alberta Tar Sands Fields

Like them or hate them, Alberta, Canada’s tar sands deposits of bitumen or extremely heavy crude oil, are the world’s largest. The province’s resources include the Athabasca, Peace River and Cold Lake deposits in the McMurray Formation, which consist of a mixture of crude bitumen, a semi-solid form of crude oil, admixed with silica sand, clay minerals, and water.

According to the U.S. government’s Energy Information Administration, “Canada controls the third-largest amount of proven reserves in the world, after Saudi Arabia and Venezuela…  Canada’s proven oil reserve levels have been stagnant or slightly declining since 2003, when they increased by an order of magnitude after oil sands resources were deemed to be technically and economically recoverable. The oil sands now account for approximately 170 billion barrels, or 98 percent, of Canada’s oil reserves.”

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Lack of Pipeline Capacity results in large discounts on Alberta Oil Prices

OTTAWA — Canada risks stranding its resource bounty unless it adds new pipeline capacity to the West Coast, eastern provinces and the U.S., says Natural Resources Minister Joe Oliver, who believes the issue will be one of the biggest items on his plate in 2013.

But building new pipelines is anything but a sure bet. There’s strong opposition from citizens, some governments and environmental groups over transporting oilsands crude and other petroleum via pipelines such as the proposed Northern Gateway project to the B.C. coast and Keystone XL in the United States.

A glut of oil from multiple continental sources, including the Alberta oilsands, and inability to move it to market due to pipeline bottlenecks is resulting in large discounts for western Canadian crude compared to North American benchmark West Texas Intermediate and international Brent prices.

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