Government Support for Oil and Gas Pipelines in Canada
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Liquefied Natural Gas (LNG) Regulation in British Columbia February 2017
Liquefied Natural Gas (LNG) Regulation in British Columbia February 2017 McCarthy Tétrault LLP mccarthy.ca i McCarthy Tétrault LLP mccarthy.ca This publication is intended as an overview of liquefied natural gas (LNG) regulation in British Columbia. Specific advice should be sought in respect of particular projects. For more information on this overview, please contact Monika Sawicka (editor), Paul Cassidy, Selina Lee-Andersen or Robin Sirett at (604) 643-7100. The laws, regulations and policies discussed in this overview are stated as of January 31, 2017. © 2017 McCarthy Tétrault LLP/S.E.N.C.R.L., s.r.l. ii McCarthy Tétrault LLP mccarthy.ca CONTENTS Page CONTENTS ................................................................................................................................II I. DEFINITIONS..................................................................................................................5 II. INTRODUCTION.............................................................................................................7 III. CURRENT POLICY SETTING ........................................................................................8 IV. PERMITS AND APPROVALS.......................................................................................10 A. EXPLORATION, DEVELOPMENT AND PRODUCTION...................................10 1. Provincial .............................................................................................................10 a. Petroleum and Natural Gas Tenure.........................................................10 -
Regulation of Access to Oil Pipelines 777
REGULATION OF ACCESS TO OIL PIPELINES 777 THE NATIONAL ENERGY BOARD: REGULATION OF ACCESS TO OIL PIPELINES JENNIFER HOCKING* In the past few years, a number of long-distance oil pipelines have been proposed in Canada — Northern Gateway, the Trans Mountain Expansion, Keystone, and the Energy East Project. This article describes the criteria used by the National Energy Board in approving the allocation of capacity in oil pipelines to firm service contracts while requiring that a reasonable percentage of capacity is allocated for uncommitted volumes (common carriage). It explains the economic theory related to regulation of access to major oil pipelines. It reviews and analyzes relevant NEB decisions, which show that the NEB supports well- functioning competitive markets, but will exercise its discretion to resolve complaints where markets are not functioning properly. The article also explains the economic significance of the proposed long-distance oil pipelines to Canada and Alberta despite the current low price of crude oil. The article concludes with recommendations for a written NEB policy regarding access to capacity in oil pipelines. TABLE OF CONTENTS I. SIGNIFICANCE OF PROPOSED OIL PIPELINES TO THE CANADIAN ECONOMY ................................. 778 A. PIPELINES NEEDED DESPITE LOW PRICE OF OIL ............... 780 B. SHIPPING OF OIL BY RAIL ................................ 781 II. OIL PIPELINES AS COMMON CARRIERS ........................... 781 A. THE NATURE OF COMMON CARRIERS ....................... 781 B. COMMON CARRIAGE OBLIGATION SUBJECT TO REASONABLENESS TEST ............................... 783 C. WHY WERE OIL PIPELINES ORIGINALLY DESIGNATED AS COMMON CARRIERS? ................................. 784 III. MAJOR LONG-DISTANCE OIL PIPELINES TODAY ................... 785 A. ENBRIDGE PIPELINES .................................... 786 B. TRANS MOUNTAIN PIPELINE .............................. 787 C. SPECTRA ENERGY EXPRESS-PLATTE ....................... -
ABOUT PIPELINES OUR ENERGY CONNECTIONS the Facts About Pipelines
ABOUT PIPELINES OUR ENERGY CONNECTIONS THE facts ABOUT PIPELINES This fact book is designed to provide easy access to information about the transmission pipeline industry in Canada. The facts are developed using CEPA member data or sourced from third parties. For more information about pipelines visit aboutpipelines.com. An electronic version of this fact book is available at aboutpipelines.com, and printed copies can be obtained by contacting [email protected]. The Canadian Energy Pipeline Association (CEPA) CEPA’s members represents Canada’s transmission pipeline companies transport around who operate more than 115,000 kilometres of 97 per cent of pipeline in Canada. CEPA’s mission is to enhance Canada’s daily the operating excellence, business environment and natural gas and recognized responsibility of the Canadian energy transmission pipeline industry through leadership and onshore crude credible engagement between member companies, oil production. governments, the public and stakeholders. TABLE OF CONTENTS 1. Canada’s Pipeline Network .................................1 2. Pipeline Design and Standards .........................6 3. Safety and the Environment ..............................7 4. The Regulatory Landscape ...............................11 5. Fuelling Strong Economic ................................13 and Community Growth 6. The Future of Canada’s Pipelines ................13 Unless otherwise indicated, all photos used in this fact book are courtesy of CEPA member companies. CANADA’S PIPELINE % of the energy used for NETWORK transportation in Canada comes 94 from petroleum products. The Importance of • More than half the homes in Canada are Canada’s Pipelines heated by furnaces that burn natural gas. • Many pharmaceuticals, chemicals, oils, Oil and gas products are an important part lubricants and plastics incorporate of our daily lives. -
2019 Q1 FS Press Release
PRESS RELEASE TORSTAR CORPORATION REPORTS FIRST QUARTER RESULTS TORONTO, ONTARIO – (CNW – May 8, 2019) – Torstar Corporation (TSX:TS.B) today reported financial results for the first quarter ended March 31, 2019. Highlights for the first quarter: • We continue to make progress on the transformation of our business. During the first quarter of 2019, we entered into an agreement with Apple to provide Toronto Star content on Apple News+, Apple's new paid subscription service that launched in Canada and the United States on March 25, 2019. Under this agreement, we receive a share of Apple News+ subscriber revenue and can also sell advertising against our content on the Apple News+ platform. • We continued to make good progress in paid digital subscription offerings on thestar.com and finished the quarter with more than 15,000 digital only subscribers. • We continued to grow our base of registered users in the community sites and continue to evaluate potential subscription models in three test markets in the Community Brands segment, and have fully rolled out paid subscriptions in one of these test markets. • We ended the first quarter of 2019 with $51.5 million of cash and cash equivalents and $8.9 million of restricted cash; Torstar has no bank indebtedness. • Our net loss attributable to equity shareholders was $7.4 million ($0.09 per share) in the first quarter of 2019. This compares to a net loss of $14.5 million ($0.18 per share) in the first quarter of 2018. • Adjusted loss per share was $0.06 in the first quarter of 2019. -
The Canadian LNG Export Industry Progress and Prospects
The Canadian LNG Export Industry Progress and Prospects ABA Section of International Law 2016 Fall Meeting Tokyo, Japan Al Hudec, Farris LLP, Vancouver Don Bell, Torys LLP, New York John Mackay, Latham & Watkins LLP, Singapore Karen Ogen, First Nations LNG Alliance, Wet’suwet’en First Nation 2 Introduction • Canada began to develop a legal regulatory and fiscal regime for LNG exports in 2012 • This regime is now largely in place and 3 large projects and one smaller project now have full regulatory approval • If built, these proposed Canadian LNG liquefaction facilities will be among the largest and costliest energy projects ever built 3 Driving forces behind the Canadian industry • The ‘shale gas’ revolution has made the U.S. self sufficient in oil and gas and has shut in abundant Canadian supplies • The obvious solution is for Western Canada to replace its U.S. and Eastern Canadian markets with Asian exports • This requires a return to JCC oil index based pricing – B.C. announced an LNG strategy in 2012 when price was U.S.$18.11 – Price now U.S.$6.32 – Break even for the Canadian projects is about U.S.$10.30 The view from Asia • Asia is the principal market for Canadian LNG LNG Importers (2013) OTHER ASIA 15% EUROPE 15% Belgium, France, Greece, Italy, India, Indonesia, Malaysia, Lithuania, Netherlands, Portugal, Pakistan, Singapore, Taiwan, Spain, Sweden, Turkey, Thailand MIDDLE EAST 4% U.K. SOUTH KOREA 14% AMERICAS 9% Argentina, Brazil, Chile, Dominican Rep, Mexico, Puerto Rico, Canada, USA CHINA 8% JAPAN 35% Source: International Group -
Co-Housing Brings People Together in Unexpected Ways—As Long As They
This copy is for your personal non-commercial use only. To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.com Manage Profile Co-housingSubscriptions brings people together in unexpected ways—as long as they can Billing Information a!ord the price-tag, advocates say Sign Out By PERRIN GRAUER StarMetro Vancouver Sun., April 29, 2018 VANCOUVER—The often-steep cost to get into a co-housing community is offset by social benefits that can’t be measured in dollars, community members and advocates said at an event in Vancouver on Sunday. Mackenzie Stonehocker, a member of the Driftwood Village co-housing group in North Vancouver, explained that because a co-housing unit typically costs the same as any home in a city, people can find affordability a problem. Subscribe to The Star for just 99¢ for your first month Subscribe Now Mackenzie Stonehocker, a member of the Driftwood Village co-housing community in North Vancouver, acknowledges the financial barrier to purchasing a unit in such a community can be high. But, she says, the benefits that come from working closely and patiently with neighbours of all ages on shared projects are immeasurable. (PERRIN GRAUER / PERRIN GRAUER STARMETRO) “If it costs the same as market housing, it’s just too expensive,” she told StarMetro in an interview during a Simon Fraser University conference Sunday. She said the initial costs tend to be balanced by the perks of shared accommodation. “You’re building common spaces,” Stonehocker said. -
Issue Briefing: Kinder Morgan Trans Mountain Pipeline and Tanker Proposal
Issue Briefing: Kinder Morgan Trans Mountain Pipeline and Tanker proposal November 2016 The Kinder Morgan Trans Mountain Pipeline and Tanker proposal would transport 890,000 barrels/day of tar sands bitumen to Canada’s west coast for export in oil tankers. The risks - social, economic, environmental - of this proposal far outweigh any supposed benefits to the Canadian public and the province of British Columbia. An approval of Kinder Morgan’s Trans Mountain pipeline and tanker proposal would not conform to government promises for climate action, First Nations reconciliation, or social license in B.C. This pipeline and tankers proposal, if approved, would create an unacceptable risk of spills and lead to extinction of the southern resident orca population, harming the local tourism economy and putting the Government of Canada in contravention of the Species At Risk Act. Summary of Risks: Diluted Bitumen Spills ● Kinder Morgan would increase tanker traffic nearly 700 per cent, from 60 to 400 tankers a year in Vancouver’s busy inner harbour, passing by Stanley Park and hundreds of kilometres of beaches, islands, and coastal wilderness. ● A spill is inevitable. The existing Trans Mountain pipeline has already spilled around 5.5 million litres (35,000 barrels) in 82 separate incidents. Even brand new pipelines are spill-prone (Nexen), and ships carrying fuels have recently spilled into B.C.’s coastal waters (MV Marathassa, Nathan E Stewart), exposing deficient marine spill response. ● No technology currently exists that successfully cleans up heavy bitumen spills in oceanic environments, concluded the National Academy of Science. ● Industry considers “success” in spill response to be recovery of 10 to 15 per cent of conventional oil. -
Annual Information Form
TC Energy Corporation 2019 Annual information form February 12, 2020 TED Contents PRESENTATION OF INFORMATION . 2 FORWARD-LOOKING INFORMATION . 2 TC ENERGY CORPORATION . 4 Corporate structure . 4 Intercorporate relationships . 4 GENERAL DEVELOPMENT OF THE BUSINESS . 5 Natural Gas Pipelines . 5 Liquids Pipelines . 12 Power and Storage . 14 BUSINESS OF TC ENERGY . 15 Natural Gas Pipelines . 15 Liquids Pipelines . 15 Regulation of Natural Gas Pipelines and Liquids Pipelines . 16 Power and Storage . 17 GENERAL . 18 Employees . 18 Health, safety, sustainability and environmental protection and social policies . 18 RISK FACTORS . 20 DIVIDENDS . 21 DESCRIPTION OF CAPITAL STRUCTURE . 21 Share capital . 21 CREDIT RATINGS . 24 Moody's . 25 S&P . 25 Fitch . 25 DBRS . 26 MARKET FOR SECURITIES . 27 Common shares . 27 Preferred shares . 28 DIRECTORS AND OFFICERS . 29 Directors . 29 Board committees . 31 Officers . 32 Conflicts of interest . 33 CORPORATE GOVERNANCE . 34 AUDIT COMMITTEE . 35 Relevant education and experience of members . 35 Pre-approval policies and procedures . 37 External auditor service fees . 37 LEGAL PROCEEDINGS AND REGULATORY ACTIONS . 38 TRANSFER AGENT AND REGISTRAR . 38 MATERIAL CONTRACTS . 38 INTEREST OF EXPERTS . 38 ADDITIONAL INFORMATION . 38 GLOSSARY . 39 SCHEDULE A . .. -
Forward Looking Statements
TORSTAR CORPORATION 2020 ANNUAL INFORMATION FORM March 20, 2020 TABLE OF CONTENTS FORWARD LOOKING STATEMENTS ....................................................................................................................................... 1 I. CORPORATE STRUCTURE .......................................................................................................................................... 4 A. Name, Address and Incorporation .......................................................................................................................... 4 B. Subsidiaries ............................................................................................................................................................ 4 II. GENERAL DEVELOPMENT OF THE BUSINESS ....................................................................................................... 4 A. Three-Year History ................................................................................................................................................ 5 B. Recent Developments ............................................................................................................................................. 6 III. DESCRIPTION OF THE BUSINESS .............................................................................................................................. 6 A. General Summary................................................................................................................................................... 6 B. -
Economic Impacts from Operation of Canada's Energy Transmission
Economic Impacts from Operation of Canada’s Energy Transmission Pipelines A Special Report Prepared for the Canadian Energy Pipeline Association By Angevine Economic Consulting Ltd. April 2016 The Economic Impacts from Operation of Canada’s Energy Transmission Pipelines | April 2016 Economic Impacts from Operation of Canada’s Energy Transmission Pipelines Table of Contents Introduction ..................................................................................................................... 1 Results of I-O Model Simulations A. Impacts from operation of crude oil, natural gas liquids and refined petroleum products transmission pipelines ................................................................................. 1 B. Impacts from operation of natural gas transmission pipelines ................................... 4 C. Impacts from operation of all transmission pipelines………………………………….. 6 D. Impacts of two proposed pipelines ……………………………………………...............7 E. Impact summary……………………………………………………………………….….10 Detailed Methodology…………………………………………………………………….…11 Energy Pipelines Included in the Analysis……………………………………………...12 The Economic Impacts from Operation of Canada’s Energy Transmission Pipelines | April 2016 Introduction This report summarizes key findings obtained from using the current (2010) version of the Statistics Canada Interregional Input/Output (I-O) Model to estimate the economic impacts from operation of the energy transmission pipelines currently operating in Canada as well as from two proposed but not yet approved -
Explaining Variation in Oil Sands Pipeline Projects
Canadian Journal of Political Science (2020), 1–20 doi:10.1017/S0008423920000190 RESEARCH ARTICLE/ÉTUDE ORIGINALE Explaining Variation in Oil Sands Pipeline Projects Amy Janzwood* Department of Political Science, University of Toronto, 100 St. George, Toronto ON, M5S 3G3 *Corresponding author. Email: [email protected]. Abstract While the vast majority of oil pipeline projects in Canada have been successfully built, several mega oil sands projects within and passing through Canada have been cancelled or significantly delayed. This article explains why these delays and cancellations have occurred. A systematic cross-case analysis is used to provide insight into the changing politics of oil sands pipelines. Qualitative comparative analysis (QCA) is used to identify combinations of causal conditions that co-occur across cases of proposed new oil pipelines and pipeline expansion projects. The pipeline projects were proposed to the federal regulator—the National Energy Board—between 2006 and 2014. The QCA reveals that social mobilization and major regulatory barrier(s) are necessary conditions in explaining variation in pipeline project outcomes. The analysis of sufficiency reveals more complex configurations of conditions. This article contributes to the literature on the politics of oil sands pipelines by using a comparative approach to identify the impacts of socio-polit- ical and legal dynamics that have emerged around pipelines in the last 15 years. Résumé Cet article explique les raisons pour lesquelles plusieurs propositions récentes de méga- pipelines à l’intérieur du Canada et passant à travers le pays ont été annulées ou considérablement retardées. Alors que la grande majorité des projets d’oléoducs ont été construits avec succès, plusieurs mégaprojets de sables bitumineux ont été mis de côté ou ont subi des retards importants. -
March 30, 2020 OPEN LETTER: Coastal Gaslink Pipeline Project
March 30, 2020 Prime Minister Justin Trudeau Honourable Patty Hajdu Office of the Prime Minister Minister of Health 80 Wellington Street Confederation Building, 278 House of Commons Ottawa, ON K1A 0A2 Ottawa, Ontario K1A 0A6 Via Email Only: [email protected] Via Email Only: [email protected] Honourable John Horgan Honourable Adrian Dix Premier of Executive Council Minster of Health Parliament Buildings Parliament Buildings Victoria, British Columbia V8V 1X4 Victoria, British Columbia V8V 1X4 Via Email Only: [email protected] Via Email Only: [email protected] OPEN LETTER: Coastal GasLink Pipeline Project Must be Halted Due to the COVID-19 Outbreak Dear Prime Minister Trudeau, Minister Hajdu, Premier Horgan, and Minister Dix, We urge you to act swiftly to protect the public’s health from the heightened risks of COVID-19 transmission posed by ongoing construction of the Coastal GasLink Pipeline Project. Most vulnerable to the spread will be frontline healthcare workers, project workers, and local Indigenous and non-Indigenous communities forced to shoulder the consequences for any disregard for health and safety. Directed by Resolution 2019-07, the Union of BC Indian Chiefs has called on Canada and B.C. to honour Wet’suwet’en Title and Rights that have never been extinguished and are confirmed by the S.C.C. in Delgamuukw. Under the standards enshrined in the United Nations Declaration on the Rights of Indigenous Peoples, legislated in BC and affirmed by Canada, free, prior, and informed consent of proper Title and Rights holders impacted must be achieved before any approval of any project affecting their land, territories, and other resources.