Economics

Eastward No! Enviros Warn of Tar Sands Heading to Maine Coast
- Common Dreams staff

Times Argus [Vermont]
Published: February 15, 2012
Letter to the editor
Energy behemoth on the hunt

Enbridge, Ipsos-Reid poll, and disinformation tactics
Opinion 250
By Peter Ewart
Friday, January 06, 2012

One of the aims of disinformation campaigns is to shake the resolve of people. And we are seeing ample evidence of this in the campaign to sell the Enbridge pipeline which, if constructed, will stretch across the lands and waterways of Northern BC and result in major oil tanker traffic in the ocean waters off BC’s Pacific coast.

Big 2011 profits for Cenovus

February 16, 2012 | PEU160212

Cenovus Energy, one of Canada’s largest in situ oil-sands producers, posted 241% higher fourth-quarter profits as a result of higher production and prices. The company, which was spun off from Encana in late 2009, made net profit of C$266 million ($266 million) in the fourth quarter of 2011, compared with $78 million the year before. Production climbed to 144,273 barrels a day (b/d) from 129,593 b/d in the same period in 2010. Net in situ oil-sands output rose by 23%, to 74,596 b/d, from 60,789 b/d in fourth-quarter.

Camp Oil Sands: Alberta’s new economic boom
nathan vanderklippe
CALGARY— From Friday's Globe and Mail
Feb. 09, 2012

The floor of the Atco Ltd. (ACO.X-T62.971.111.79%)manufacturing plant sprawls out across 250,000 square feet of concrete covered with stacks of drywall, boxes of spiced ash mouldings and bags of insulation batting. Next to them is the assembly line, where dozens of 18-metre-long mobile housing units are rapidly taking shape, with workers using overhead cranes to raise completed walls and roofs into place.

Utah tar sands still seeking investors despite questions

By brandon loomis

The Salt Lake Tribune
First published Feb 15 2012

Eastern Utah’s tar sands are just a year or so from producing their first commercial quantities of oil — if environmental appeals are settled and the company planning to mine can attract investors.

Those are big ifs.

Two oil shale mining companies contend they’re right behind and said Wednesday at the Governor’s Energy Development Summit that the state is poised for “the next big play” in energy.

Cenovus gets price boost with direct sale to China
carrie tait
CALGARY— From Thursday's Globe and Mail
Wednesday, Feb. 15, 2012

Cenovus Energy Inc. (CVE-T38.890.280.73%)sold its first drops of oil directly to China last week, fetching a higher price for its crude than if it sold its bounty in North America, and now plans to strike more export deals with Asian buyers.

EU 'Grandstanding' On Energy Imports, Says Federal Resources Minister Joe Oliver

02/16/2012

CALGARY - Federal Natural Resources Minister Joe Oliver is calling a European effort to bar oil imports from Alberta's oilsands nothing more than grandstanding.

Proposed changes to the European Union's fuel quality directive would reduce emissions from transport fuels by 10 per cent in the next decade — a goal that would make it more difficult to import oilsands fuel.

Oliver says the European position is both unscientific and an attempt to single out Canadian crude.

Creekstone Press Publications
The Enpipe Line: 70,000 km of poetry written in resistance to the Northern Gateway pipeline proposal

Description: 178 pages, 9X6 inches, perfect bound

ISBN: 978-0-9783195-6-4

Price: $18

Keystone XL key issue in U.S. election

By Yadullah Hussain, Financial Post February 10, 2012

The last time David H. Wilkins came to the National Post office for an editorial board meeting was in 2005. He was then U.S. Ambassador to Canada and President George W. Bush's key man in Ottawa.

Summing up the U.S.-Canada relationship at the time, Mr. Wilkins recalled a meeting between Prime Minister Stephen Harper and Mr. Bush: "The President said: 'I will tell you what my policy is on Canada. My policy is to help Canada.' "