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Edmonton Journal
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Varcoe: From no business case to promoting LNG — gas producers welcome Ottawa's new support for growing sector
Like a stone skipping across calm water, it didn't take long for comments by Federal Natural Resources Minister Tim Hodgson touting the benefits of Canadian liquefied natural gas to ripple through the energy sector. Article content Canada's LNG is cleaner than competing U.S. suppliers and there are interested buyers for it, Hodgson said Tuesday on the Vassy Kapelos Show. Article content Article content Article content For Peyto Exploration & Development CEO Jean-Paul Lachance, having the federal minister in charge of energy actively promote LNG exports from Canada — and potentially include these initiatives on Ottawa's new major projects list under Bill C-5 — is telling. Article content 'The fact we're hearing that from our own government now, the federal government, is a very positive sign. It's a long way from, 'There's no business case for LNG,' which we heard from the previous government,' Lachance said in an interview Wednesday. Article content 'That gives me some confidence that there's going to be some support for LNG projects within Canada . . . It sends the right signal to the capital markets that we're open for business here.' Article content The Carney government recently passed Bill C-5 as it seeks to expedite approval of major infrastructure deemed to be of national significance. It's now consulting over which projects should make the cut. Article content Article content The Alberta government and many industry leaders are pushing for the list to include a major export pipeline to ship more oil to the West Coast, although no proponent has made a formal project proposal. Article content Article content The prospects for new LNG projects being included on the list appear strong and could provide a shot in the arm for western Canadian natural gas producers to attract new investment and boost output. Article content The colossal Shell-led LNG Canada terminal began moving first cargoes to customers this summer, launching a new energy export sector for the country.
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‘CUPE understands that they have leverage right now': Employment lawyer
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CBC
3 hours ago
- CBC
Windsor gets $5.2M from province for meeting housing targets
Windsor is getting $5.2 million from the Ontario government for meeting, and blowing past, its 2024 housing targets under the province's Building Faster Fund. Ontario Premier Doug Ford joined Windsor Mayor Drew Dilkens to make the announcement Tuesday at Windsor City Hall. The city broke ground on 2,306 new homes in 2024, the province said in a news release issued Tuesday; that's 213 per cent of its target for the year. "I'm delighted to announce that … the City of Windsor has done an incredible job," Ford said. "Matter of fact, I have to tell you, I've never seen anyone achieving 213 per cent. So you're the Ontario champs." The Municipality of Chatham-Kent achieved 644 per cent of its 2023 goal and nearly half of its 10-year pledge that year. Windsor missed its target in 2023, but it also didn't report all of its housing starts to the Canada Mortgage and Housing Corporation because of an error. Different methods of counting housing starts Those missed starts were added to the 2024 total, helping Windsor far exceed this year's target. Canada Mortgage and Housing Corporation data lists 2,157 housing starts in Windsor in 2024, about 150 fewer than the province's number. But the provincial numbers include additional builds, such as long-term care beds and student housing. Asked by reporters Tuesday about the appropriateness of including those units when they aren't providing homes for families looking for housing, Ford defended the move. "A lot of these people are leaving their homes, leaving their condos, opening it up," he said. The province's two-year-old Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to speed up municipal approval processes and get more homes built faster, the province said. Municipalities that achieve 80 per cent or more of their targets are rewarded with funding for infrastructure such as roads, bridges and culverts to support new home construction. "Windsor has been identified as one of the most important and fastest growing communities to watch in Ontario and in all of Canada," Dilkens said. "Much of that unprecedented growth and development is closely linked to the vital support that we continue to receive from Premier Ford and the provincial government." Ford spoke to reporters after the funding announcement about a range of issues affecting the Windsor-Essex area, including concerns about the impact of U.S. tariffs on the local economy and the auto sector. Ford addresses tariffs, local economy The premier will meet with Prime Minister Mark Carney on Monday, he said, and plans to push for lower corporate tax rates and a two-year pause on HST on new home sales. He also expressed his desire to see the Bank of Canada lower interest rates. Asked by CBC about last month's Canadian Federation of Independent Business report that found that tariff relief programs launched by Ontario weren't working for small or medium-sized businesses, Ford said his government plans to announce more funding starting Wednesday. "We're rolling out the money, and I won't hesitate to keep rolling it out because I know we're going to get through this and we're going to come out stronger than ever before," he said.
