Latest news with #CanadianEnergyRegulator
Global News
14-05-2025
- Business
- Global News
Canada must maximize existing pipeline use before building more: minister
Canadian Culture Minister Steven Guilbeault said Wednesday Canada needs to maximize its use of existing pipelines before building more — a day after Prime Minister Mark Carney indicated an openness to new pipeline construction. Speaking to reporters ahead of the first meeting of Carney's new cabinet, the former environment minister claimed less than half of the Trans Mountain pipeline's capacity is being used. 'So I think before we start talking about building an entire new pipeline, maybe we should maximize the use of existing infrastructure,' Guilbeault told reporters. 'And, the Canadian Energy Regulator, as well as the International Energy Agency, are telling us that probably by 2028-2029, demand for oil will peak globally, and it will also peak in Canada.' The actual utilization rate of the Trans Mountain pipeline is contested. According to data from the Canada Energy Regulator, utilization appeared to be up around 76 per cent as of December 2024. Story continues below advertisement Guilbeault served as the Liberals' environment minister for four years before Carney moved him out of the post in March. He is now the Canadian culture minister with responsibility for Parks Canada, nature and biodiversity. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Guilbeault's comments on pipelines came a day after Carney indicated in an interview with CTV News that he's open to building more pipelines if there is consensus across the country in favour of it. 1:44 How the Liberal minority government could complicate Carney's energy policy Carney also opened the door to making changes to the emissions cap on oil and gas production and to the federal legislation for reviewing projects, the Impact Assessment Act. On his way out of the cabinet meeting, Buckley Belanger, the newly appointed secretary of state for rural development, dismissed suggestions of mixed signals. 'We're all united on that front and I think it's fantastic for the oil and gas sector. Don't forget, folks, we're third worldwide in terms of production of oil and gas,' Buckley told reporters. Story continues below advertisement 'We want to build on that success. So clearly, I think Alberta and Saskatchewan have a great opportunity to build on their … expertise in oil and gas and join the rest of Canada in strengthening our trade worldwide. Simple as that.' Carney said during the election campaign he would keep the emissions cap in place, though Alberta Premier Danielle Smith said Carney struck a different tone in a meeting with her around the same time. Canada's oil and gas sector has indicated no desire to build new pipelines under the current regulatory environment. Following the election, 38 Canadian oil and gas CEOs wrote to Carney calling on him to repeal the assessment law and scrap the emissions cap regulations.
The Hill
10-03-2025
- Business
- The Hill
Canada slaps electricity tariffs on New York, Minnesota, Michigan
The government of Ontario is applying a 25 percent surcharge starting Monday on electricity exports to three U.S. states in response to U.S. tariffs on Canada. This surcharge will affect electricity sales for 1.5 million homes and businesses across Michigan, Minnesota and New York, the Ontario government said. In total, it could cost up to $400,000 per day. New market rules are going into place requiring Canadian electricity sellers to add a $10 per megawatt-hour surcharge, equivalent to a quarter of the electricity's average value, to the cost of power for sales to the U.S., according to a statement from Ontario's office of the Premier. The additional charges are a response to 25-percent tariffs on Canadian and Mexican imports to the U.S. announced last week by the Trump administration. Stock markets dropped again on Monday as investors worried about the growing trade war. The Dow Jones average was down more than 550 points, or 1.3 percent, just after noon on Monday. Trump has taken a few steps to soften the blow of his taiffs. Following the initial announcement, Trump exempted carmakers from the tariffs and then delayed them for a month for goods covered under the U.S.-Mexico-Canada Agreement, the update to the North American Free Trade Agreement (NAFTA) that Trump renegotiated during his first term. 'We will not stand by as our vital electricity exports are taken for granted,' said Stephen Lecce, Canada's Minister of Energy and Electrification. 'In a time where prices are going up for families in America, Canada and the United States should be working together to strengthen our trade and investment relationships.' The U.S. is Canada's only trading partner for electricity, and the Canadian and U.S. electrical grids are highly integrated. In 2023, net electricity exports from Canada to the U.S. were 27.6 terawatt hours and came mostly from the provinces of Manitoba, Ontario, British Columbia and Quebec, according to the Canadian Energy Regulator. The regulatory order from Ontario's executive council says that the U.S. is ignoring the rule of law by imposing the tariffs on Canada. Similar claims have been made by China with regard to World Trade Organization rules following the doubling of U.S. tariffs on China. The regulation also says that 'tariffs pose an existential threat to hundreds of thousands of jobs and whole sectors of the Ontario economy.'
