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7 environmental charities face Canada Revenue Agency audits

Evan Solomon, Kristen Everson, CBC News, Feb 06, 2014

Charities fear they may lose charitable status

The Canada Revenue Agency is currently conducting extensive audits on some of Canada's most prominent environmental groups to determine if they comply with guidelines that restrict political advocacy, CBC News has learned.

Peter Voser says he regrets Shell’s huge bet on US shale

Guy Chazan, Financial Times, Oct 6 2013

Peter Voser said the failure of Royal Dutch Shell’s huge bet on US shale was a big regret of his time as chief executive of the company.

Flow-through tax credit will cost BC $10 million

Michael Allan McCrae, Mining.com, October 4, 2013

British Columbia's minister of mines emphasised his support for the flow through tax credit at an AME BC luncheon talk on Friday and called the current sum spent on credit an investment.

Gulf oil spill: Halliburton to plead guilty to destroying evidence

Reuters, Guardian.uk, July 26 2013

Contractor to plead guilty over deleted computer simulations testing methods used to cement Deepwater Horizon well

Halliburton has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the US department of justice said on Thursday.

Lobbying: Oil, gas companies are the top B.C. lobbyists

Chad Skelton, Vancouver Sun, April 18, 2013

Four of the five most active companies soliciting provincial politicians are in the energy sector

“The real way an industry moves politicians is by moving blocks of voters to align with their interests."
Francesco Trebbi, Assoc. Professor, Economics, UBC

Stephen Harper’s “omnibus” strategy to overhaul green laws was proposed by oil industry, says records

Mike DeSouza, O.Canada.com, April 10 2013

OTTAWA – Lobbyists from Canada’s oil and gas industry recommended the Harper government’s 2012 strategy to put multiple changes to a series of environmental protection laws into a single piece of legislation, says a newly-released internal federal document.

Corporate welfare not needed for LNG on West Coast

Claudia Cattaneo, Financial Post, March 21 2013

While Ottawa agreed in Budget 2013 to extend tax breaks for manufacturers for two years, a request by developers of liquefied natural gas terminals on Canada’s West Coast to receive similar tax savings fell on deaf ears.

Flow-through shares: Canada’s quirky tax innovation

Drew Hasselback, Financial Post, March 7 2013

The flow-through share entered the Canadian tax code just over 25 years ago. Looking back, mining executives, lawyers, bankers and accountants believe this quirky Canadian tax innovation has generated billions for mining exploration and contributed to the development of some of the country’s most notable mines, such as the Ekati and Diavik diamond properties in the Northwest Territories.

Oil and gas industry seeks billion-dollar tax break to lure LNG plants

Gordon Hamilton, Vancouver Sun, February 7, 2013

The Canadian oil and gas industry is asking Ottawa for subsidies that could be worth $2 billion in tax savings to encourage the development of liquefied natural gas plants in British Columbia.

Encana CEO Randy Eresman retires suddenly

Dan Healing, Calgary Herald, January 11, 2013

News release confirms top executive stepping down after 35 years

Alterra Power and Fiera Axium Infrastructure Announce Partnership in Toba Montrose and Dokie 1 Facilities

News Release, Alterra & Fiera Axium, December 12 2012

VANCOUVER - Alterra Power Corp. (TSX: AXY) and Fiera Axium Infrastructure are pleased to announce that they are now partners at the 235 MW Toba Montrose run-of-river hydro facility and the 144 MW Dokie 1 wind farm in British Columbia, effective December 7. A consortium of Canadian investors led by Fiera Axium purchased GE Energy Financial Services' partnership interests, and now owns a 60% interest in Toba Montrose and a 49% interest in Dokie 1. Alterra's ownership interests in these facilities are unchanged at 40% and 51% respectively.

Kitimat LNG closer to reality as Chevron to buy out Encana, EOG

Nathan VanderKlippe, The Globe and Mail, Dec. 24 2012

A struggling natural gas export project on the British Columbia coast is on the cusp of being built after Chevron Corp. agreed to take over as operator of Kitimat LNG.

Cline Mining misses $2.5M bond payment

Barry Critchley, National Poist, Dec 18, 2012

It’s never good news when a company announces it can’t make a scheduled semi-annual interest payment, and it’s particularly bad news given what such a decision implies for the affected bondholders as they try and reclaim some value.

How much of Canada’s energy resource lies in foreign hands?

Text By Nathan Vanderklippe; Graphics By Carrie Cockburn & Murat Yukselir, The Globe and Mail, Dec. 03 2012

CALGARY — As Ottawa mulls the fate of two major energy deals – and the implications of foreign ownership in an economy heavily dependant on natural resources – we take a snapshot of who actually owns what in the oil and gas industry.

Ottawa approves Nexen, Progress foreign takeovers

Shawn McCarthy & Steven Chase, Globe and Mail, Dec. 07 2012

OTTAWA — Prime Minister Stephen Harper has erected new barriers to investment by state-owned companies, fencing off the oil sands from further control by foreign governments.

Progress and Petronas offer to upsize LNG plant

Dan Healing, Calgary Herald, December 4, 2012

Scale to rise 60 per cent if federal government OK’s $6B takeover

CALGARY — Federal approval of the $6-billion Petronas takeover of Progress Energy will result in a bigger LNG export facility and billions in accelerated investment in B.C. shale gas fields, the companies said Tuesday.

Coal miners lost pay when Mitt Romney visited their mine to promote coal jobs

Sabrina Eaton, Cleveland Plain Dealer, August 28 2012

WASHINGTON, D.C. -- When GOP presidential candidate Mitt Romney visited an Ohio coal mine this month to promote jobs in the coal industry, workers who appeared with him at the rally lost pay because their mine was shut down.

Rolf Wiborg's Tough Love for Canada

Mitchell Anderson, TheTyee.ca, 22 Aug 2012

A top petro engineer for wealthy Norway says Canada is 'a fantastic country' that's 'totally mismanaged by design.' Fifth in a series.

Wary oil patch gears down

Nathan VanderKlippe, Globe and Mail, August 9 2012

The spending spree in Canada’s fast-growing oil sands is slowing as some of the country’s largest energy companies trim capital budgets and question the fate of some of their most important projects.

Caisse invests $100m in hydroelectric firm

Canadian Press, The Province, July 27, 2012

The Caisse de depot et placement du Quebec is investing almost $100 million in a Quebec hydroelectric company that is acquiring a presence in northeastern B.C.

The pension fund manager said Thursday it bought 9.6 million common shares of Innergex Renewable Energy for $10.27 per share for a total cost of $98.9 million.

The Coal Industry Wants You in the Dark

Brian Dockstader, Campaign for America's Future, July 3 2012

If you've watched any cable news show in the last year, chances are you've probably seen one or a thousand ads from the fossil fuel industry attacking regulations and/or trying to paint their products as necessary for prosperity. If nothing else, the sheer volume of primetime advertisements makes one thing strikingly apparent: the fossil fuel industry has a LOT of money.

BP Covered Up Blow-out Two Years Prior to Deadly Deepwater Horizon Spill

Greg Palast, Eco Watch, 20 Apr 2012

Two years before the Deepwater Horizon blow-out in the Gulf of Mexico, another BP off-shore rig suffered a nearly identical blow-out, but BP concealed the first one from the U.S. regulators and Congress.

Who takes the gold for tax avoidance in 2011?

Paul Burcheit, Nation of Change, April 9 2012

This is tax time, or in the case of many big businesses, just another time without taxes. These companies deserve to be recognized. With the help of SEC data and the results of several excellent research studies, PayUpNow.org has selected the 'winners' of the 2011 Tax Avoidance Awards.

PG&E: Customers to pay for safety

By MARTIN ESPINOZA, Press Democrat, Santa Rosa, CA, February 28, 2012

PG&E officials Tuesday reiterated their position that ratepayers should bear the bulk of the cost of its Pipeline Safety Enhancement Plan, which the company pegged at $2.2billion.

No showdown when coal miners, clean energy advocates come to town

Gordon Hamilton, Vancouver Sun, September 26, 2011

You could be forgiven for thinking it was an energy showdown. On the southeast corner of Georgia and Burrard, Canada’s coal industry was holding its annual conference Monday at the Fairmont Hotel Vancouver.

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