PRESS DIGEST- Canada-Dec 30

Tue Dec 30, 2014 5:42am EST
 
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Dec 30 (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

** TransCanada Corp is girding for a scrap with corporate rivals over plans to ship western oil to Canada's East Coast ahead of regulatory hearings expected to begin next year. Eastern distributors, including Ontario's Union Gas Ltd , Enbridge Gas Distribution and Gaz Metro in Quebec, have said TransCanada's Energy East project would jack up costs and potentially curtail natural gas deliveries in the provinces during times of peak demand. (bit.ly/13Q09Mn)

** Crude oil skidded to a five-and-a-half-year low as the Organization of Petroleum Exporting Countries showed no sign it would step in to rescue prices. In Canada, energy companies that have recently reduced their 2015 capital expenditure budgets by double-digit percentages will likely have to claw back spending again if prices remain in the current range for much longer. (bit.ly/172Gw5K)

** An Ontario court has dismissed a set of appeals from four families that sought to have provincial legislation related to the approvals of large-scale wind farms declared unconstitutional. In a decision released on Monday, a panel of three Divisional Court judges ruled against the claims of the families who were concerned about the potential health effects of living as close as 500 meters to the turbines. (bit.ly/1D3Ox4G)

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