Trans Mountain to resume expansion work
Trans Mountain has announced it is resuming work on its expansion project with a staged remobilization starting next week. In the wake of two recent serious workplace incidents and COVID-19 compliance issues, Trans Mountain executed a voluntary safety stand down and undertook a thorough review and examination of all workplace safety protocols and practices, a statement said, adding the Canada Energy Regulator and other regulators continue to independently examine those events.
Saskatchewan introduces new Indigenous participation initiative
The Government of Saskatchewan has announced the Accelerated Site Closure Program which is designed to help manage abandonment and reclamation of inactive oil and gas wells and facilities. As part of the program, the government is introducing the First Nations Stewardship Fund and the Indigenous Business Credit Pool to support First Nations and Metis participation. The First Nations Stewardship Fund will allocate $15 million in program funding to conduct abandonment and reclamation activities on First Nation Reserve lands across Saskatchewan.
StatsCan reports construction increase in December
Statistics Canada reported yesterday that total investment in building construction increased 1.5 per cent in December, following three consecutive months of declines. Non-residential construction investment remained at $4.4 billion for the third consecutive month. Ontario reported the largest gain, up 2.0 per cent from November. Investment in commercial building construction edged up 0.3 per cent in December, driven in large part by Ontario’s growth in this sector (up 3.6 per cent to $1.1 billion). The construction of large projects, such as Amazon’s Project Python being built in Ottawa, contributed to the rise. Institutional investment (up 0.9 per cent) also increased in December but industrial investment edged down 0.2 per cent.