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PRESS DIGEST- Canada-March 8

Published 2016-03-08, 05:27 a/m
© Reuters.  PRESS DIGEST- Canada-March 8
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March 8 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.

THE GLOBE AND MAIL
** The Canadian government's plans to address rail safety in
the upcoming federal budget are coming under heightened scrutiny
amid new revelations about the Lac-Mégantic rail disaster, which
killed 47 people in 2013, but could have been prevented by a
simple 10-second safety procedure.

Surging crude prices pushed Canadian oil and gas stocks
to three-month highs on Monday, but investors bitten for more
than a year by short-lived gains are wary of calling an end to
the downturn.

A senior United Nations official is calling on Canada to
reach out to the Nigerian government and offer logistical and
intelligence services to help find more than 200 Nigerian
schoolgirls abducted by Boko Haram nearly two years ago.

POST
** Malaysia's Petronas PETR.UL is frustrated that Prime
Minister Justin Trudeau's climate-change priorities are
introducing new uncertainty for its proposed C$36 billion ($27
billion) Pacific NorthWest LNG project in northern British
Columbia and has threatened to walk away if it doesn't get
federal approval by March 31, according to a source close to the
project.

Companies are wiggling out of money-losing contracts to
buy electricity from coal-fired power plants in Alberta as a
result of the province's new climate change policies, leaving a
provincial agency to honor the agreements.

TransCanada Corp
TRP.TO , a company best known for building pipelines but that
also has a power business, cited a recent change in Alberta's
climate laws in order to terminate contracts to buy coal-fired
electric power from Atco Ltd ACOx.TO and TransAlta Corp
TA.TO.

= 1.3336 Canadian dollars)

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