National Newswatch

What the oilpatch thinks about the financial aid offered by Ottawa

May 27 2020 — Kyle Bakx — Not long after oil prices started their plunge in March, the calls for financial aid for Canada’s oilpatch began — and continued as the sector shed $8 billion in spending and more than 700,000 barrels per day of production amid the COVID-19 pandemic. While the oilpatch may have wanted the help to arrive sooner, Ottawa […]

Construction of expanded Trans Mountain pipeline to begin soon in B.C.

May 11 2020 — Kyle Bakx — Construction will soon ramp up on the expansion of the Trans Mountain oil export pipeline, including the installation of pipe in British Columbia where opposition to the project has been loudest. The multi-billion dollar project is owned by the federal government and will transport oil from Edmonton to the Vancouver area. A lack of new […]

The day oil was worth less than $0 — and nobody wanted it

Apr 21 2020 — Kyle Bakx — During these extraordinary times of the COVID-19 pandemic, a few hours can seem like a few days, and last week can feel like last month. For those in the oilpatch, the heady days of 2014, when oil prices were above $100 US per barrel, must seem like a century ago. The markets have been excessively […]

Tech companies may leave Alberta over Kenney’s devotion to oilpatch

Apr 7 2020 — Kyle Bakx — Alberta government has cut tax credits for innovation, while committing billions to Keystone XL. The Alberta government’s decision to commit billions of dollars to support the Keystone XL oil pipeline came as a surprise when it was announced last week, despite the government working with TC Energy for about six months, according to officials. What […]

Loonie dips below 70 cents US as coronavirus impact lingers

Mar 18 2020 — Kyle Bakx — Despite all the ups and downs in the markets, currency experts expect the loonie to keep losing value as the country’s economy struggles and oil prices plunge. The U.S. dollar is one of the few currencies gaining in strength as the coronavirus spreads around the globe.The Canadian dollar is already at a four-year low and […]

Recounting a devastating week in North America’s biggest oil play

Mar 15 2020 — Kyle Bakx — In Houston, the second week of March usually marks a highlight on the city’s business calendar, a few days when the city hosts political and business leaders from around the world at what is arguably the most important energy conference of the year. This year, organizers pulled the plug on CERAWeek — just days before […]

‘It’s none of their business’: The Wet’suwet’en people who want the protesters to stop

Feb 20 2020 — Kyle Bakx — Another day of blockades across the country means more protesters with signs bearing slogans such as “Wet’suwet’en Strong” and “Stand with Wet’suwet’en.” They’re showing support for the heredity chiefs who oppose construction of a new pipeline through their territory in northern B.C. The protesters though are drawing the ire of many in the Wet’suwet’en Nation […]

‘It’s almost pointless to go there’: Conservatives unmoved to support a carbon tax

Nov 30 2019 — Kyle Bakx — Preston Manning says conservatives need to up their environmental game, but avoid carbon pricing. For many years, Preston Manning has spoken about the problem conservative politicians have with their environmental policies and how those flaws have become a political and economic liability. The last federal election seemed to follow a similar script, as the Conservatives […]

Encana declaring itself American is a gut punch for Alberta

Nov 1 2019 — Kyle Bakx — The most historic energy company in Canada decided on Thursday to fill out some forms and declare itself American. That change is an exceptionally bitter pill to swallow for the beleaguered oilpatch in Western Canada. Back in 1958, the Canadian Pacific Railway created the Canadian Pacific Oil and Gas Company to begin an assertive search […]