The city’s noise study on the Canadian Pacific Railway yard near a residential neighbourhood is on the right track, but politicians haven’t made a decision to keep it going.
The Priorities and Finance Committee Tuesday decided to postpone a decision for two weeks, which will see the next phases of the noise monitoring continue pending Mayor Naheed Nenshi speaking with CP CEO Hunter Harrison.
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EDMONTON – Energy Minister Ken Hughes says Alberta is interested in the idea of shipping Alberta bitumen to Alaska by rail, but the province is “unlikely” to contribute $10 million to a feasibility study.
After a speech Thursday to the Vancouver Board of Trade, Hughes said he will soon meet with Alaskan officials to discuss the project.
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CALGARY — Sky-high differentials have convinced a second Alberta oilsands producer to take on the ability to deliver all of its production by rail, frustrating the goal of environmentalists who hope to stifle oilsands production by halting pipeline expansions.
On a conference call following release of its fourth quarter results Thursday, MEG Energy Corp. confirmed that it will have the capability by mid-year to move its entire 32,000 barrels per day of bitumen production by rail and river barge to the Gulf Coast.
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MONTREAL – Canada’s railway, airline and trucking sector earnings should remain resilient this year despite forecasts of modest economic growth on both sides of the Canada-U.S. border, transportation analysts say.
In spite of slow economic growth last year, Canadian transportation stocks outperformed the TSX benchmark last year with a return of 21 per cent.
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A noise study at a southeast rail yard is in danger of stopping in its tracks after Canadian Pacific Rail says it is backing out to compile its own data this summer.
But a city alderman says he doesn’t want to see the Alyth yard study derailed, despite the fact CP had agreed to pay for half of the $150,000 project.
Ald. Gian-Carlo Carra says beleaguered residents in Inglewood living beside a noisy and busy rail yard want the Alyth yard study, which began in December 2011, to move forward.
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The Town of Blackfalds and Canadian Pacific Railway are looking into the situation around a section of railway where children cross the tracks near a school.
Jason Spatt, a Blackfalds parent, raised the issue with an email to both parties when he noticed children were crossing the tracks not at the controlled intersection but where it was convenient.
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Students crossing train tracks to get to school quickly could lead to tragedy, says a Blackfalds father.
So Jason Spatt of Blackfalds has raised the issue with local and railroad officials.
Spatt, a father of a school-aged child, drove his daughter to school and noticed children crossing the train tracks away from the controlled intersection.
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Russ Girling is prepared to accept that he is, for now, losing.
Pipelines built by companies such as Mr. Girling’s TransCanada Corp. carry the vast majority of the crude oil shipped around North America. This year, however, nearly 10 per cent of the volume of oil pulled from the ground in the U.S. will not flow through that massive network of buried steel. It will instead be loaded on to trains and race across the continent in a blur of tanker cars that is transforming the way North America’s energy moves.
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CALGARY — Oil shipments by rail from Western Canada to Eastern Canada and the Gulf Coast have increased by 50,000 barrels per day since last fall, according to a report.
But some of the economic justification that led to shipments growing from 70,000 bpd in the third quarter to 120,000 bpd now will evaporate over the next two years as new pipelines come on stream, says the research note from Calgary investment bank Peters & Co.
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CALGARY — Cenovus Energy Inc. plans to increase its rail shipments to 10,000 barrels per day this year to avoid a pipeline bottleneck that’s hurting Western Canadian oil prices.
“In December we had about 6,000 barrels per day on rail,” said Don Swystun, executive vice-president of refining, marketing, transportation and development, on a webcast from an unconventional energy conference in New York on Tuesday.
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