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Oilsands companies not expected to make insurance claims from Fort McMurray fire

July 11, 2016 by Canadian Underwriter

CALGARY – Oilsands producers are not expected to be among the recipients of a record insurance payout arising from the wildfire in Fort McMurray, Alta., in May even though some of them had to halt production for weeks at a

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

As Fort McMurray rebuilds, fire chief wants more wildfire resilience

June 28, 2016 Lauren Krugel - THE CANADIAN PRESS

FORT MCMURRAY, Alta. – The man who led the fight against the wildfire that devastated parts of Fort McMurray in May is urging changes to the way homes are rebuilt to avoid similar destruction in the future. Fort McMurray fire

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City of Vancouver launches judicial review of Kinder Morgan’s pipeline expansion

June 20, 2016 by Canadian Underwriter

The City of Vancouver has filed with the Federal Court of Appeal an application for a judicial review of the National Energy Board’s (NEB) decision to conditionally recommend Kinder Morgan’s pipeline expansion project, contending that it is both invalid and

News CatastrophesInsuranceMergers and Aqcuisitions

Wildfire loss to oilsands at least 30 million barrels worth $1.4 billion

June 15, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Analysts say lost oilsands production from the Fort McMurray wildfires could top 30 million barrels and cost the industry upwards of $1.4 billion. Some of the largest oilsands producers in the province were forced to shut down or

News CatastrophesInsuranceMarkets / Coverages

Timing of economic rebound from Alberta wildfire hard to forecast: Poloz

June 6, 2016 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Bank of Canada governor Stephen Poloz says it’s hard to predict when the Canadian economy will rebound from the huge Alberta wildfire that destroyed communities and forced the shut down of crucial oil operations. For Poloz, part of

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Returning Fort McMurray residents finding smelly refrigerators, dandelion lawns

June 1, 2016 Chris Purdy and Lauren Krugel - THE CANADIAN PRESS

FORT MCMURRAY, Alta. – Residents returning to their homes in Fort McMurray are tackling stinking refrigerators and grass grown tall and infested with dandelions as the fire-scarred city slowly springs back to life. A steady stream of traffic is moving

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Athabasca, Syncrude bring back project staff as wildfire risk recedes

May 24, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Alberta oilsands workers forced to flee the ferocious Fort McMurray wildfire are returning to begin the tricky process of restarting their projects in northern Alberta, reassured by colder weather and a forecast of rain. In a Tuesday morning

News CatastrophesInsuranceMergers and Aqcuisitions

Alberta reviews Fort McMurray wildfire re-entry plan as flames spread north

May 17, 2016 The Canadian Press

FORT MCMURRAY, Alta. – The Alberta government is taking a second look at its plan to allow people to return home to Fort McMurray after explosions damaged some homes in the city and a raging wildfire spread north toward oilsands

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Fort McMurray wildfires could result in two weeks’ lost oil production: Conference Board

May 17, 2016 by Canadian Underwriter

The impact of the wildfires in the Fort McMurray, Alberta area on oil production could “translate into” a $985-million loss in gross domestic product, though the rebuilding effort will result in “elevated” construction activity in the area through 2018, the

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Work camps north of Fort McMurray evacuated due to growing wildfire

May 16, 2016 By John Cotter and Dean Bennett - The Canadian Press

FORT MCMURRAY, Alta. – A precautionary evacuation is clearing out employees at work camps north of Fort McMurray due to the threat of a quickly spreading wildfire. Non-essential personnel are leaving while others are staying to conduct work on the

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Contractors say co-ordination needed as focus turns to rebuilding Fort McMurray

May 13, 2016 Ian Bickis - THE CANADIAN PRESS

CALGARY – Construction and cleanup firms are already mobilizing to help rebuild Fort McMurray, Alta., after the wildfires, a monumental effort that’s expected to take years. Ben Dutton at the Casman Group of Companies says he has crews heading up

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Big banks shave 2016 growth outlooks for Canada in wake of Alberta wildfire

May 12, 2016 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The effects of the enormous Alberta wildfire on the ever-crucial oil sector have prompted forecasters to trim their 2016 economic growth predictions for the entire country. Experts, including those from several big banks, have shaved their outlooks in