It may take the better part of a decade to build, but TransCanada Corp. has won a contest to install a $4-billion pipeline that will carry natural gas to British Columbia's coast, feeding a proposed massive export terminal.
At 1 p.m. Monday, Ontario utilities and Alberta energy heavyweights and one of the country's biggest pipeliners, TransCanada Corp., will settle in to a 110-seat hearing room in downtown Calgary to air their complaints before the National Energy Board.
The companies listed here are the 1,000 largest publicly traded corporations, measured by assets. They are ranked according to their after-tax profits in their most recent fiscal year, excluding extraordinary gains or losses.
That should ease if and when pipeline companies get approval and proceed with projects such as TransCanada Corp.'s Keystone XL and Enbridge Inc.'s proposed reversal of the Line 9 pipeline in Ontario to extend the market for domestic crude.
Encana Corp. has frustrated investors on three fronts: its natural gas strategy, its weakening balance sheet, and its recent decision to add millions to its capital spending budget despite shaky commodity prices.
A monster British Columbia well just south of the 60th parallel is pumping a tremendous volume of natural gas from a globally significant new play that stands to dramatically boost Canada's gas resources.
A Senate committee is urging Ottawa to phase out rent charged to large Canadian airports to make them more competitive with U.S. border terminals that have been luring passengers from north of the border.