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The Mackenzie valley, in the Northwest Territories

Mackenzie faces new setback

Governmental panel postpones release of environmental report till 2009


British Energy gets bid approaches at premium

Stock rises on the news, valuing the nuclear power generator at £11.4-billion


Polar Bears' new status could slow Arctic drilling

Animal's Endangered Species protection comes as oil industry is pushing into Alaska waters


Cameco ready to make acquisitions

With the price of uranium dropping, possibility of making a purchase has become ‘more reasonable,' CEO says

Commentary

Big Oil firms aren't the bandits here

Neil Reynolds

Debunking some myths about the oil crisis


Commentary

In mining, bulk is great. But then what?

Derek DeCloet

Getting big is a lot more fun than being big


Energy

Oxford Analytica

Solar photovoltaic set to grow

Long-term, it can contribute substantively to world energy supply


streetwiseblog

Go slow approach on national regulator

Plus: Dry spell for tech IPOs


Market Update

Market Blog

The close: Oil is up/down/even

Potash Corp. pushes TSX higher

 

Top Performers

Energy
SymbolCompanyPrice$Chg%Chg
ENT.UN-T Enterra Energy Trust 3.84 0.72 23.08
ISR-T Intl. Sovereign Energy 1.16 0.20 20.83
NRX-T Norex Exploration Services 1.54 0.19 14.07
EPS-T Epsilon Energy 4.2 0.50 13.51
QEC-T Questerre Energy 3.6 0.37 11.46
Mining
SymbolCompanyPrice$Chg%Chg
PWE-T Powertech Uranium 1.46 0.14 10.61
IMN-T Inmet Mining 73.75 6.25 9.26
LUN-T Lundin Mining 8.38 0.68 8.83
AXU-T Aurora Energy Resources 4.06 0.31 8.27
KAT-T Katanga Mining 11.22 0.79 7.57
Metals
SymbolCompanyPrice$Chg%Chg
KGI-T Kirkland Lake Gold 8.83 0.93 11.77
ER-T Eastmain Resources 1.67 0.17 11.33
SLW.WT.A-T Silver Wheaton 1.86 0.16 9.41
SVM.WT-T Silvercorp Metals 2.84 0.24 9.23
AQI-T Aquiline Resources 8.15 0.63 8.38

Oil and Gas 

Gazprom joins Canada LNG consortium

Russian natural gas giant will supply all of the $840-million plant's gas needs from its huge Shtokman project

Imperial suffers Kearl defeat

Decision that delays water permit for project has legal and regulatory implications beyond the oil sands

Petrobank profit soars on back of Peerless acquisition

First quarter profit jumped 850 per cent after deal completed in January

JPMorgan to start physical oil trade, eyes $200 oil

Bank's global head of commodities says move by year-end will increase its exposure in a market that could rise to $200 a barrel

Bankers Petroleum to split in two

One company focuses on heavy oil in Albania and the other on North American shale gas


Mining 

Venezuela shuts door to new gold projects

Country will not give permits for open-pit mines and will not allow exploration in Imataca reserve, environment minister says

OSC opens case against former Agnico-Eagle executive

Barry Landen accused of trading shares while knowing, before the public, that company would release poor results

Talk of China move, higher bid lift BHP, Rio

There has been speculation that speculation that a state-controlled Chinese firm was building a stake in the world's biggest mining company

Inmet takes reins at Petaquilla project

Petaquilla Copper says it's in discussions with other parties about taking a stake in the Panamanian project


Metals 

Uranium bearish as tight credit cools investors

Prices could fall further as investor buying interest fades because of tighter money and nuclear reactor demand staying sidelined, investment managers say


Power 

Auction hopes fade for British Energy

Shares drop 3% as an anticipated bidding war does not materialize

Dynegy swings to loss as energy prices surge

Power provider says market prices for energy rose significantly, leading to accounting losses on certain forward power sales

Boralex Power profit rises

Higher electricity and steam prices offset a decrease in total electricity generation


Pipelines 

TransCanada signs Pathfinder partners

Eneterprise Products Partners, Quicksilver Gas to acquire up to 50 per cent of planned gas pipeline from U.S. Rockies

To Texas by sea? Enbridge revamps pipeline plans

Enbridge is now considering a scaled-down, $500-million plan that would rework existing infrastructure to supply a smaller amount of crude to the Gulf Coast refineries

TransCanada to sell $1.1-billion of shares

Stock issue will help fund acquisition of New York power plant, construction of Keystone pipeline


Alternative Energy 

DuPont, Danisco form ethanol joint venture

Two will develop and commercialize low-cost technology for producing cellulosic ethanol

Quebec spurs rush in wind power

Aims for dominance in alternative electricity generation with approval of $5.5-billion in new projects

Quebec pushes wind power

Hydro-Québec accepts bids to provide 2,004 MW of electricity by 2015; ventures will entail spending $5.5-billion


Policy 

Global carbon market takes flight

Wall Street is gearing up for likely cap-and-trade legislation in the United States that could create a carbon market several times larger than in Europe

'We are not changing the carbon tax. No,' B.C. Premier says

With those words, Premier Gordon Campbell dashes the hopes of northern officials who had hoped he may reconsider the plan

Dion touts carbon tax, billions in tax cuts

Policy of a broadly based fuel tax making some Liberals nervous as gasoline prices soar

Tories mum on nuclear enrichment strategy

Conservatives want Canada added to small club of uranium enrichment states, but appear loath to talk about the change in nuclear policy

Britain puts personal carbon trading plan on ice

Allowing individuals to trade personal emissions permits would be too expensive and ambitious, government says

Canada faces Kyoto probe over emissions

Ottawa could be suspended from rights to trade carbon dioxide if found to be in breach of rules

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