Latest news with #ATCO
National Observer
2 days ago
- Business
- National Observer
Carney discussed "partnerships" with oil and gas executives in Calgary
Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed door roundtable with more than two dozen members of the energy sector. Attendees included Tourmaline Oil CEO Michael Rose, Pathways Alliance President Kendall Dilling, ATCO CEO Nancy Southern, Imperial Oil President John Whelan and Jon McKenzie, president of Cenovus Energy. Reporters were only allowed to hear a few comments from the prime minister before being asked to leave the room at the Harry Hays building. "Thank you for convening on a Sunday morning and also for what you've all been doing to help build our our economy, build a future," Carney said. "I'd like to thank a number of you who wrote directly to me a month or so ago and I felt it would be best to get together and discuss it in much more detail than through an exchange of letters given the importance of the issues." Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his April 28 election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7. That would include scrapping the federal emissions gap on oil and gas producers and repealing industrial carbon pricing to help bolster the industry. The CEOs want an overhaul of the Impact Assessment Act, which sets out the process for assessing major projects, and of the Oil Tanker Moratorium Act, which bans oil tankers carrying more than 12,500 metric tons of crude from stopping along parts of British Columbia's coastline. Carney campaigned on expediting reviews of major energy infrastructure projects. He promised before the election to move forward with a "one project, one review" approach by recognizing assessments conducted by the provinces and territories. The federal government unveiled its proposed emissions cap regulations late last year. They would compel upstream oil and gas operations to reduce emissions to 35 per cent below where they were in 2019 by sometime between 2030 and 2032. "Partnership is a theme for our discussion this morning," Carney said, accompanied by Energy Minister Tim Hodgson, Dominic LeBlanc, the minister responsible for Canada and US trade and Emergency Management Minister Eleanor Olszewski. "It's a critical time for our country. The world's certainly more divided and dangerous and the imperative of making Canada an energy superpower in all respects has never been greater. We will do everything we can at the federal government level to support those partnerships." Alberta Premier Danielle Smith was asked on her weekend radio show if she was concerned that the federal throne speech didn't include a mention of pipelines. "He may not have said the words 'oil and gas' and he may not have said the word 'pipeline,' but conventional energy means oil and gas, and the only way to get it to market efficiently is through pipelines," said Smith, who says she's hoping for a one-on-one with Carney at Monday's First Ministers conference in Saskatoon. Smith also praised Carney for being more willing to engage with the premiers on issues of national importance than his predecessor Justin Trudeau. She was coy when asked about consequences if Carney doesn't deliver, saying she prefers to be optimistic. Carney also took a moment on Sunday to thank the Department of National Defence, the provinces of Manitoba, Saskatchewan and Alberta, and volunteers involved in fighting extensive wildfires and co-ordinating large-scale evacuations. "The good news is those are proceeding well at this stage but of course it's not over until it's over and we're at the start of the forest fire season across the country," he said. "So we'll stay committed to doing everything that we can with partners." This report by The Canadian Press was first published June 1, 2025.
Vancouver Sun
3 days ago
- Business
- Vancouver Sun
Oil and gas leaders hear Carney's 'partnerships' pitch to make Canada an energy superpower
Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed-door roundtable with more than two dozen members of the energy sector. Attendees included Tourmaline Oil CEO Michael Rose, Pathways Alliance President Kendall Dilling, ATCO CEO Nancy Southern, Imperial Oil President John Whelan and Jon McKenzie, president of Cenovus Energy. Reporters were only allowed to hear a few comments from the prime minister before being asked to leave the room at the Harry Hays building. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. 'Thank you for convening on a Sunday morning and also for what you've all been doing to help build our country…build our economy, build a future,' Carney said. 'I'd like to thank a number of you who wrote directly to me a month or so ago and I felt it would be best to get together and discuss it in much more detail than through an exchange of letters given the importance of the issues.' Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his April 28 election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7. That would include scrapping the federal emissions gap on oil and gas producers and repealing industrial carbon pricing to help bolster the industry. The CEOs want an overhaul of the Impact Assessment Act, which sets out the process for assessing major projects, and of the Oil Tanker Moratorium Act, which bans oil tankers carrying more than 12,500 metric tons of crude from stopping along parts of British Columbia's coastline. Carney campaigned on expediting reviews of major energy infrastructure projects. He promised before the election to move forward with a 'one project, one review' approach by recognizing assessments conducted by the provinces and territories. The federal government unveiled its proposed emissions cap regulations late last year. They would compel upstream oil and gas operations to reduce emissions to 35 per cent below where they were in 2019 by sometime between 2030 and 2032. 'Partnership is a theme for our discussion this morning,' Carney said, accompanied by Energy Minister Tim Hodgson, Dominic LeBlanc, the minister responsible for Canada and U.S. trade and Emergency Management Minister Eleanor Olszewski. 'It's a critical time for our country. The world's certainly more divided and dangerous, and the imperative of making Canada an energy superpower in all respects has never been greater. We will do everything we can at the federal government level to support those partnerships.' Alberta Premier Danielle Smith was asked on her weekend radio show if she was concerned that the federal throne speech didn't include a mention of pipelines. 'He may not have said the words 'oil and gas' and he may not have said the word 'pipeline,' but conventional energy means oil and gas, and the only way to get it to market efficiently is through pipelines,' said Smith, who says she's hoping for a one-on-one with Carney at Monday's First Ministers conference in Saskatoon. Smith also praised Carney for being more willing to engage with the premiers on issues of national importance than his predecessor, Justin Trudeau. She was coy when asked about consequences if Carney doesn't deliver, saying she prefers to be optimistic. Carney also took a moment on Sunday to thank the Department of National Defence, the provinces of Manitoba, Saskatchewan and Alberta, and volunteers involved in fighting extensive wildfires and coordinating large-scale evacuations. 'The good news is those are proceeding well at this stage but of course it's not over until it's over and we're at the start of the forest fire season across the country,' he said. 'So we'll stay committed to doing everything that we can with partners.' — With files from Rob Drinkwater in Edmonton Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Carney discusses 'partnerships' with oil and gas executives in Calgary
CALGARY - Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed door roundtable with more than two dozen members of the energy sector. Attendees included Tourmaline Oil CEO Michael Rose, Pathways Alliance President Kendall Dilling, ATCO CEO Nancy Southern, Imperial Oil President John Whelan and Jon McKenzie, president of Cenovus Energy. Reporters were only allowed to hear a few comments from the prime minister before being asked to leave the room at the Harry Hays building. 'Thank you for convening on a Sunday morning and also for what you've all been doing to help build our our economy, build a future,' Carney said. 'I'd like to thank a number of you who wrote directly to me a month or so ago and I felt it would be best to get together and discuss it in much more detail than through an exchange of letters given the importance of the issues.' Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his April 28 election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7. That would include scrapping the federal emissions gap on oil and gas producers and repealing industrial carbon pricing to help bolster the industry. The CEOs want an overhaul of the Impact Assessment Act, which sets out the process for assessing major projects, and of the Oil Tanker Moratorium Act, which bans oil tankers carrying more than 12,500 metric tons of crude from stopping along parts of British Columbia's coastline. Carney campaigned on expediting reviews of major energy infrastructure projects. He promised before the election to move forward with a 'one project, one review' approach by recognizing assessments conducted by the provinces and territories. The federal government unveiled its proposed emissions cap regulations late last year. They would compel upstream oil and gas operations to reduce emissions to 35 per cent below where they were in 2019 by sometime between 2030 and 2032. 'Partnership is a theme for our discussion this morning,' Carney said, accompanied by Energy Minister Tim Hodgson, Dominic LeBlanc, the minister responsible for Canada and U.S. trade and Emergency Management Minister Eleanor Olszewski. 'It's a critical time for our country. The world's certainly more divided and dangerous and the imperative of making Canada an energy superpower in all respects has never been greater. We will do everything we can at the federal government level to support those partnerships.' Alberta Premier Danielle Smith was asked on her weekend radio show if she was concerned that the federal throne speech didn't include a mention of pipelines. 'He may not have said the words 'oil and gas' and he may not have said the word 'pipeline,' but conventional energy means oil and gas, and the only way to get it to market efficiently is through pipelines,' said Smith, who says she's hoping for a one-on-one with Carney at Monday's First Ministers conference in Saskatoon. Smith also praised Carney for being more willing to engage with the premiers on issues of national importance than his predecessor Justin Trudeau. She was coy when asked about consequences if Carney doesn't deliver, saying she prefers to be optimistic. Carney also took a moment on Sunday to thank the Department of National Defence, the provinces of Manitoba, Saskatchewan and Alberta, and volunteers involved in fighting extensive wildfires and co-ordinating large-scale evacuations. 'The good news is those are proceeding well at this stage but of course it's not over until it's over and we're at the start of the forest fire season across the country,' he said. 'So we'll stay committed to doing everything that we can with partners.' _With files from Rob Drinkwater in Edmonton This report by The Canadian Press was first published June 1, 2025.
Winnipeg Free Press
3 days ago
- Business
- Winnipeg Free Press
Carney discusses 'partnerships' with oil and gas executives in Calgary
CALGARY – Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed door roundtable with more than two dozen members of the energy sector. Attendees included Tourmaline Oil CEO Michael Rose, Pathways Alliance President Kendall Dilling, ATCO CEO Nancy Southern, Imperial Oil President John Whelan and Jon McKenzie, president of Cenovus Energy. Reporters were only allowed to hear a few comments from the prime minister before being asked to leave the room at the Harry Hays building. 'Thank you for convening on a Sunday morning and also for what you've all been doing to help build our country…build our economy, build a future,' Carney said. 'I'd like to thank a number of you who wrote directly to me a month or so ago and I felt it would be best to get together and discuss it in much more detail than through an exchange of letters given the importance of the issues.' Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his April 28 election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7. That would include scrapping the federal emissions gap on oil and gas producers and repealing industrial carbon pricing to help bolster the industry. The CEOs want an overhaul of the Impact Assessment Act, which sets out the process for assessing major projects, and of the Oil Tanker Moratorium Act, which bans oil tankers carrying more than 12,500 metric tons of crude from stopping along parts of British Columbia's coastline. Carney campaigned on expediting reviews of major energy infrastructure projects. He promised before the election to move forward with a 'one project, one review' approach by recognizing assessments conducted by the provinces and territories. The federal government unveiled its proposed emissions cap regulations late last year. They would compel upstream oil and gas operations to reduce emissions to 35 per cent below where they were in 2019 by sometime between 2030 and 2032. 'Partnership is a theme for our discussion this morning,' Carney said, accompanied by Energy Minister Tim Hodgson, Dominic LeBlanc, the minister responsible for Canada and U.S. trade and Emergency Management Minister Eleanor Olszewski. 'It's a critical time for our country. The world's certainly more divided and dangerous and the imperative of making Canada an energy superpower in all respects has never been greater. We will do everything we can at the federal government level to support those partnerships.' Alberta Premier Danielle Smith was asked on her weekend radio show if she was concerned that the federal throne speech didn't include a mention of pipelines. 'He may not have said the words 'oil and gas' and he may not have said the word 'pipeline,' but conventional energy means oil and gas, and the only way to get it to market efficiently is through pipelines,' said Smith, who says she's hoping for a one-on-one with Carney at Monday's First Ministers conference in Saskatoon. Smith also praised Carney for being more willing to engage with the premiers on issues of national importance than his predecessor Justin Trudeau. She was coy when asked about consequences if Carney doesn't deliver, saying she prefers to be optimistic. Carney also took a moment on Sunday to thank the Department of National Defence, the provinces of Manitoba, Saskatchewan and Alberta, and volunteers involved in fighting extensive wildfires and co-ordinating large-scale evacuations. 'The good news is those are proceeding well at this stage but of course it's not over until it's over and we're at the start of the forest fire season across the country,' he said. 'So we'll stay committed to doing everything that we can with partners.' _With files from Rob Drinkwater in Edmonton This report by The Canadian Press was first published June 1, 2025.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Alberta regulator orders ATCO to repay $71-million to customers
Alberta utilities and logistics firm ATCO Ltd. ACO-X-T has been ordered to refund $71-million to customers, the latest development in a long-running dispute between the company and the provincial watchdog over electricity rates. But this week's decision by the Alberta Utilities Commission is far from the end of the regulatory tussle. ATCO chief executive officer Nancy Southern told shareholders at the company's annual meeting recently that ATCO intends to challenge the commission over the issue in the Alberta Court of Appeal in October. At the heart of the case is the commission's electricity rate-setting formula, called performance-based regulation. The formula is designed to encourage efficiency by providing incentives for utility companies to reduce costs. The more efficiently a utility operates, the more money it saves. Those savings are then shared with customers through lower utility rates. ATCO Electric fined $3-million for unearned rate increases, overstating its costs ATCO delivered $500-million in distribution-cost savings, which is being passed on to customers. But the commission found that those savings could not be clearly attributed to specific utility projects, programs or initiatives, as required by the commission's rules. Instead, it said that much of ATCO's savings were the result of operational changes, such as its decision not to pursue certain capital projects. The commission's judgement has come in two phases. The first, released last May, ruled that ATCO's utility rates in 2021 or 2022 'were not just and reasonable.' ATCO was granted a court appeal on that decision. The $71-million refund announced this week is the second phase of the commission's process. It separated the refund into $35-million for ATCO Electric customers, and $36-million for customers of ATCO Gas. That equates to roughly $14 per month for ATCO Electric customers for a six-month period, and $3.83 per month for ATCO Gas customers. Paul Barry, the executive director of the Industrial Power Consumers Association of Alberta, said Thursday his group was hoping for closer to $100-million for just the ATCO Electric side of the decision. Still, he's pleased some cash will be returned to customers. 'We view it as a positive, and it is setting a precedent that's a clear example of the commission seeking to hold utilities accountable,' Mr. Barry said. At ATCO's general meeting, Ms. Southern applauded the commission for implementing performance-based regulation. But, she told shareholders, ATCO and the commission have a 'major difference of opinion' in the way that the rules are applied. 'We believe we were operating within the regulatory framework,' she said. Jason Sharpe, ATCO's chief operating officer, said that ATCO had in fact built more efficient operations and lowered its rates. He said ATCO believes the commission is applying rules of performance-based regulation retroactively, hence the court challenge. The refund is to be delivered to customers over six months, beginning in September, the commission ruled. That's particularly prickly timing for the company, Mr. Sharpe said, given it overlaps with the court challenge. Mr. Sharpe said multiple requests to defer the refund decision until after the case goes through the Court of Appeal were denied by the commission. 'In our opinion, this is a premature refund until it's gone through the full appeal process,' he said, adding that it could create confusion for customers if the court finds in ATCO's favour. The commission would not comment on Wednesday's decision, but this isn't the first time it has ruled against ATCO. In 2022, ATCO was penalized $31-million after it deliberately overpaid a First Nation group for work on a new transmission line in 2018, and then failed to disclose the reasons when it applied to be reimbursed by ratepayers for the extra cost. Mr. Sharpe pointed said the latest decision 'very different,' in that it is a refund, not a penalty, and boils down to different views on how rules are applied.
