Make us your home page

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

European leaders eye importing oil, gas from Canada

Tapping into Canada's vast oil and gas reserves has become an attractive proposition for European leaders as a decision on a proposed pipeline to ship crude to U.S. refineries remains stalled.

Marcin Bosacki, Poland's ambassador to Canada, said his country is in favor of importing Canadian oil and gas, given the turmoil with the Russian invasion of Crimea.

"We are absolutely in favor of increasing the abilities of western Canada oil and gas to be exported to Europe," he told Foreign Affairs Minister John Baird, who is visiting the country.

Polish Prime Minister Donald Tusk has said the European Union should become less dependent on Russian energy sources.

"The crisis in Eastern Europe underlines the importance of moving ahead responsibly on the export of our oil and natural gas," Baird's press secretary Adam Hodge said.

"Canada is one of the only countries with substantial energy reserves that offers an open and transparent market and the backing of a stable democracy that respects the rule of law," he said.

Meanwhile, Finance Minister Joe Oliver said the U.S. administration's further indefinite delay of the proposed $5.4 billion oil pipeline to tap into Canada's crude oil hurts employment and energy security on both sides of the border.

Eateries suspended from worker program

The Canadian government has suspended access by restaurants to the temporary foreign workers' program.

There has been criticism of the hiring of foreign workers in place of Canadians, especially in the western provinces.

Employment Minister Jason Kenney said the moratorium on new or pending applications related to the food services' sector will allow time for a review of the program and allegations of abuse.

A C.D. Howe Institute report said the program makes it easier for employers to hire temporary foreign workers and has accelerated a rise in unemployment in Alberta and British Columbia.

News in brief

• Canada's Transport Minister Lisa Raitt said 5,000 of the most potentially dangerous railway tank cars will be taken out of service within a month. The move is one of the measures in response to a Transportation Safety Board review of last year's oil train derailment and fire that killed 47 people in Lac-Megantic, Quebec. The plan calls for removing tens of thousands of older tank cars used to transport oil and ethanol by rail within three years.

• A series of earthquakes that followed a 6.7 magnitude jolt shook the north coast of Vancouver Island on Wednesday night. The epicenter was off the coast about 55 miles south of Port Hardy and felt like a rolling motion lasting for 10 to 12 seconds. There were no reports of injuries or major damage. Quakes are common of the coast where the Juan de Fuca and Pacific tectonic plates meet.

Facts and figures

Canada's dollar is lower at 90.53 cents U.S. while the U.S. dollar returns $1.1045 in Canadian funds, before bank exchange fees.

The Bank of Canada's key interest rate is steady at 1 percent while the prime-lending rate is 3 percent.

Stock markets are higher, with the Toronto exchange index at 14,515 points and the TSX Venture index 1,013 points.

The average price of a liter of gasoline in Canada is up at $1.3848 (Canadian).

Lotto 6-49: (April 23) 22, 25, 35, 40, 45 and 46; bonus 38. (April 19) 6, 15, 40, 41, 42 and 44; bonus 4. Lotto Max: (April 18) 9, 16, 24, 30, 39, 40 and 45; bonus 14.

Regional briefs

• The Ontario Conservatives have served notice they will "vigorously defend" the party in a $2 million libel suit by Liberal Premier Kathleen Wynne over the "gas-plant scandal." It concerns Conservative leader Tim Hudak's suggestion that Wynne "oversaw and possibly ordered the criminal destruction of documents" related to the $1.1 billion cancelation of two unpopular gas plants before the 2011 election.

• "Big Lonely Doug," a colossal conifer, is confirmed to be the second largest tree in Canada. The tree, near Port Renfrew on southern Vancouver Island, is about 1,000 years old. British Columbia's Big Tree Registry said it stands 230 feet high, about the size of an 18-story building, and has a diameter of 12.8 feet. Canada's largest Douglas fir, found nearby in the San Juan River Valley, is 242 feet tall and has a circumference of 43.5 feet.

Jim Fox can be reached at [email protected]

European leaders eye importing oil, gas from Canada 04/25/14 [Last modified: Saturday, April 26, 2014 6:31pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 'Me too': Alyssa Milano urged assault victims to tweet in solidarity. The response was massive.

    Human Interest

    Actor Alyssa Milano took to Twitter on Sunday with an idea, suggested by a friend, she said.

    Within hours of Alyssa Milano’s tweet, tweets with the words “me too” began appearing. By 3 a.m. Monday, almost 200,000 metoo tweets were published by Twitter’s count.
  2. Tampa tax shelter schemer too fat for his prison term, attorney says


    TAMPA — A federal judge sentenced two Bay area men to prison terms last week for peddling an offshore tax shelter scheme that cost the IRS an estimated $10 million.

    Duane Crithfield and Stephen Donaldson Sr. were sentenced to prison after marketing a fraudulent offshore tax strategy known as a "Business Protection Plan" to medical practices, offering doctors and others coverage against unlikely events such as a kidnapping.

  3. Weinstein Co., overwhelmed by backlash, may be up for sale


    NEW YORK — The Weinstein Co., besieged by sexual harassment allegations against its namesake and co-founder, may be putting itself up for sale.

  4. Trial begins in 2014 death of 19-month-old Tampa girl


    TAMPA — Even before his trial officially began, Deandre Gilmore had planted his gaze on the floor of Judge Samantha Ward's courtroom Monday, taking a deep breath and shifting in his seat as a pool of 60 potential jurors learned of his charges.

  5. Rick Pitino officially fired by Louisville amid federal corruption probe


    In an expected move, the University of Louisville Athletic Association's Board of Directors on Monday voted unanimously to fire men's basketball coach Rick Pitino. The decision came 19 days after Louisville acknowledged that its men's basketball program was being investigated as part of a federal corruption probe and …

    In this Oct. 20, 2016, file photo, Louisville head basketball coach Rick Pitino reacts to a question during a press conference in Louisville, Ky. Louisville's Athletic Association on Monday officially fired Pitino, nearly three weeks after the school acknowledged that its men's basketball program is being investigated as part of a federal corruption probe. [AP Photo/Timothy D. Easley, File]