From the Province of Alberta
Joe Biden KXL: Minister Sonya Savage
Minister of Energy Sonya Savage issued the following statement about reports U.S. presumptive democratic presidential nominee Joe Biden would cancel the presidential permit for Keystone XL:
“While we are disappointed to hear these reports from the Biden campaign, we remain confident Keystone XL remains a critical part of North America’s post-pandemic economic recovery.
“The project — already under construction — has long held widespread bipartisan support from U.S. lawmakers including all governors in the states the pipeline travels through. The majority of American people have consistently backed Keystone XL in large part due to the tens of thousands of U.S. jobs the pipeline will support, and the millions of dollars in tax revenue that will be used to build better communities for American families. Today, unionized workers are already working on this shovel ready project that puts citizens in both Canada and the U.S. back to work.
“The pipeline is the most studied in American history and has been deemed safe and in the public interest through multiple state and federal reviews, including two under the Obama administration.
“Our government invested in this project because it is tied to our province’s vital long term economic interests. It will lead to higher prices as well as increased volumes of oil sands crude production, generating at least $30 billion in increased royalties over 20 years for Alberta taxpayers.
“The project will put 12,000 Canadians to work and will generate billions of dollars of employment income for Canadian and U.S. workers at a time when they need it most.
“Rather than speculating about the outcome of the U.S. election, we will spend our time continuing to meet with our U.S. allies and speak to Alberta’s role in supporting North American energy independence and security.
“Without more Canadian crude, the U.S. will be subject to increased reliance on heavy crude oil from places like Venezuela and will continue to be a victim of the same price wars and instability we recently witnessed from Russia and Saudi Arabia.
“As our closest friend and ally, we would expect the U.S. government, regardless of electoral politics, to respect the Canada-U.S. relationship.
“Our government will work with TC Energy and the Government of Canada to defend the value of our investment in this project that is a vital part of Canada-U.S. relations.”
Loss of Keystone XL pipeline expected to hurt future oilpatch growth: experts
CALGARY — An industry analyst says Western Canada’s oil producers will likely cope better in the short term with Joe Biden’s cancelling of the Keystone XL presidential permit this week than they did with the same move by ex-president Barack Obama in 2015.
But Phil Skolnick, a New York-based analyst for Eight Capital, agrees with other observers that the end of the pipeline will stifle new investment and production growth in the Canadian oilpatch for years to come.
Shortly after being inaugurated on Wednesday, U.S. President Biden, who was Obama’s vice-president, fulfilled a campaign promise and took away the pipeline permit that former president Donald Trump returned to builder TC Energy Corp. in 2019.
Skolnick says the difference between now and 2015 is that producers are looking forward to opening two other export pipelines — Line 3 and Trans Mountain — that together provide nearly one million barrels a day of export capacity.
Richard Masson, an executive fellow and energy expert at the University of Calgary’s School of Public Policy, agrees the two remaining pipelines will provide enough capacity to allow oil production to grow into the second half of this decade.
But he says uncertainty about capacity beyond that point makes it impossible for producers to make decisions about new multibillion-dollar oilsands projects, which could take five years or more to plan and build.
Canadian Energy Pipeline Association CEO Chris Bloomer, meanwhile, says excess space in the oil transport system is vital going forward to provide optionality, energy security and stable pricing for producers.
Earlier Thursday, TC Energy Corp. said it planned to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project.
The company had previously warned that blocking the project would lead to thousands of job losses.
This report by The Canadian Press was first published Jan. 21, 2021.
Companies in this story: (TSX:TRP)
The Canadian Press
Calgary man appeals conviction for drunk-driving crash that killed his daughter
CALGARY — A Calgary man who killed his daughter and seriously injured her best friend in a drunk-driving crash is appealing his conviction and sentence.
Michael Shaun Bomford was found guilty last January of dangerous driving causing death and bodily harm, as well as causing the 2016 crash while impaired.
He was sentenced to 5 1/2 years in prison.
Bomford has filed an appeal that claims the sentence was excessive and unreasonable in the circumstances.
He also suggests the trial judge erred by ruling hearsay text messages admissible at trial.
Bomford is serving his sentence at the Drumheller Institution in Alberta.
Court heard Bomford had three times the legal limit of alcohol in his system when he took his 17-year-old daughter, Meghan, and her friend, Kelsey Nelson, to get police checks so that they could become junior ringette coaches.
His daughter did not survive the crash, while Nelson suffered a severe brain injury and has no recollection of it.
Bomford’s trial heard that he lost control of his Jeep while driving 112 km/h in an 80 km/h zone. The Jeep rolled into the median and all three occupants were thrown out of the vehicle. (CTV Calgary)
This report by The Canadian Press was first published Jan. 21, 2020.
The Canadian Press
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