Close X
Saturday, November 16, 2024
ADVT 
National

Harper calls oil and gas regs 'crazy economic policy' in times of cheap oil

Darpan News Desk The Canadian Press, 09 Dec, 2014 12:22 PM

    OTTAWA — Prime Minister Stephen Harper has definitively slammed the door on regulating Canada's oil and gas sector, calling it a "crazy, crazy" economic policy under current global oil prices.

    His comments in the House of Commons come as international talks are underway in Lima, Peru, in an effort to reach a new post-2020 global agreement on curbing greenhouse gas emissions.

    Harper was emphatic that Canada will not move unilaterally to curb fast-rising emissions from Alberta's oilsands.

    The Conservative government has been promising to regulate the oil and gas sector since 2007 as part of its sector-by-sector approach to curbing emissions, an approach the government called a Made-in-Canada plan.

    Harper was responding to questions about Canada's poor record in meeting its previous Copenhagen emissions targets, which a government report this week showed are far off track.

    The Environment Canada emissions report shows that increasing GHG emissions from the oil and gas sector — principally the oilsands — will almost completely offset major reductions in the electricity sector by the year 2020.

    MORE National ARTICLES

    As Oilpatch Reporting Season Begins, Crude Price Drop Top Of Mind

    As Oilpatch Reporting Season Begins, Crude Price Drop Top Of Mind
    CALGARY - The recent rout in oil prices will likely be top of mind for investors as Canada's top oilpatch players release their third-quarter results over the next few weeks.

    As Oilpatch Reporting Season Begins, Crude Price Drop Top Of Mind

    Work Underway On Pilot For Tv Sitcom Based On Chris Hadfield's First Book

    Work Underway On Pilot For Tv Sitcom Based On Chris Hadfield's First Book
    MONTREAL - Work has begun on the pilot for a TV sitcom based on former Canadian astronaut Chris Hadfield's first book: "An Astronaut's Guide to Life on Earth."

    Work Underway On Pilot For Tv Sitcom Based On Chris Hadfield's First Book

    Ontario gives $3M to Ebola fight

    Ontario gives $3M to Ebola fight
    Premier Kathleen Wynne announced Monday that the government is providing $2 million to the Red Cross and $1 million to Medecins Sans Frontieres.

    Ontario gives $3M to Ebola fight

    Repairs begin for disabled Russian ship as it arrives at B.C. port

    Repairs begin for disabled Russian ship as it arrives at B.C. port
    The container ship was en route to Russia from Washington state when it lost power on Thursday night west of the Haida Gwaii archipelago, off B.C.'s north coast.

    Repairs begin for disabled Russian ship as it arrives at B.C. port

    Alberta Government Hasn't Decided Whether To Proceed With Ban On Menthol Tobacco

    Alberta Government Hasn't Decided Whether To Proceed With Ban On Menthol Tobacco
    EDMONTON - Health advocates fear part of Alberta's flavoured tobacco legislation that would ban menthol may go up in smoke. Cathy Gladwin asked Health Minister Stephen Mandel and Premier Jim Prentice about the law last week when they knocked on her door while they were campaigning in Edmonton, where Mandel hopes to win a seat in a byelection.

    Alberta Government Hasn't Decided Whether To Proceed With Ban On Menthol Tobacco

    Canadian Pacific Says Exploratory Merger Talks With Csx Ended Without A Deal

    Canadian Pacific Says Exploratory Merger Talks With Csx Ended Without A Deal
    CALGARY - Canadian Pacific Railway Ltd. said Monday that talks with U.S. peer CSX Corp. have ended without a deal, as regulatory hurdles put a damper on the Calgary-based company's hope for an expanded North American rail network.

    Canadian Pacific Says Exploratory Merger Talks With Csx Ended Without A Deal