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Canadian official raps greens on oil pipeline

2013-03-06 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

The Hill: A top Canadian official on Tuesday delivered a broadside against environmentalists in the United States who oppose the proposed Keystone XL oil sands pipeline. Canadian Natural Resources Minister Joe Oliver touted a U.S. State Department draft environmental review released Friday that dismissed claims from green groups that Keystone would accelerate oil sands development and exacerbate climate change. Why then all the fuss? Why the demonstrations and movie stars chaining themselves to the...

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Canadian Oil Sands Profit Hit by Crude Price Gap

2013-02-01 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Canadian Press: Canadian Oil Sands Ltd., which owns the biggest piece of the massive Syncrude oil sands mine in northern Alberta, posted a dip in fourth-quarter profits as its crude fetched a lower price. The Calgary-based company says net income was $221-million, down from $232-million a year earlier. The earnings amounted to 46 cents a share, down from 48 cents per share a year earlier and missing the average analyst estimate of 50 cents per share, according to Thomson Reuters. Cash flow from operations...

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Kerry dumps Canadian oil holdings over conflict of interest concerns

2013-01-24 03:09:05| Oil & Gas - Topix.net

John Kerry and his wife have agreed to divest holdings in a Canadian oil company, as well as dozens of other investments, in an effort to avoid conflicts of interest as the Massachusetts senator prepares to become America's next secretary of state.

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