March 4, 2010

Oil patch is a fertile field for acquisitions as hope in energy sector stays strong
Globe and Mail – March 4, 2010

In an oil patch that has grown into an international darling for energy investors, Canada's deal makers have their eye on a single number as they look to the year ahead: 10. That is, in rough terms, the percentage of natural gas production in the entire gas-rich Western Sedimentary Basin that is currently for sale. Read more…

Ottawa intends to relax uranium rules
Globe and Mail – March 4, 2010

The push to increase foreign ownership in Canada's uranium sector was part of yesterday's Speech from the Throne, in which the government said it will "ensure that unnecessary regulation does not inhibit the growth of Canada's uranium mining industry by unduly restricting foreign investment." Read more…

BC Hydro proposes rate hike of 9.26 % to fund projects
Globe and Mail – March 4, 2010

BC Hydro's energy plans include the addition of a fifth generating unit to its Revelstoke facility, upgrading spillway gates at the Cheakamus Dam to improve flood control, and modernizing and upgrading the corporation's distribution and transmission system. Read more…

Grizzly applies for $240M oilsands project near Fort McMurray
Calgary Herald – March 4, 2010

A Calgary-based company has submitted an application to start an 11,300-barrel-per-day oilsands project near Fort McMurray, officials said this morning. Read more…

Syncrude lawyer questions effectiveness of sound cannons to scare off ducks
Globe and Mail – March 4, 2010

Syncrude lawyer Robert White told court birds lose their fear of sonic cannons after about two hours. Read more…

Manulife sees funding shortfall for renewables
Reuters – March 4, 2010

Manulife Financial, Canada's largest life insurer, sees a funding shortfall for the country's renewable power developers, as demand for cash outpaces the debt market's recovery from the credit crunch. Read more…

Manitoba Hydro fined by Alberta regulator
CBC – March 3, 2010

The Market Surveillance Administrator, which enforces the rules governing the electricity market in that province, found Manitoba Hydro violations having to do with how the utility times the flow of electricity exports into Alberta. Read more…