Canadian Oil & Gas History

1976 Highlights

January 23 Alberta authorizes Energy Resources Conservation Board (ERCB) to grant a development permit for Dow Chemical of Canada's Fort Saskatchewan vinyl chloride monomer plant
April 27 Federal Energy Minister Alastair Gillespie tables a broad plan in the House of Commons designed to manage Canada's energy future and reach self-sufficiency by 1985
May 7 Industry expenditures reached a record $4.11 billion in 1975, up 21% from 1974
May 21 Federal policy paper on the new Canada Oil and Gas lands Administration changes land regulations in effect since 1961
July 21 Dome, Dow Chemical, Alberta Gas Trunk Line and Alberta Gas Ethylene begin building the first phase of petrochemical development at Joffre; total cost of the development is estimated at $1.5 billion
September 1 Petrofina Canada Ltd., operator of a four-company group planning a 122,000 barrel a day Athabasca oil sands plant, shelves the project indefinitely due to lack of a government policy on royalty, taxation and escalating costs; Shell and Home, backing separate oil sands projects, shelve theirs as well
November 22 Representations to the Berger Commission, commonly known as the Mackenzie Valley pipeline inquiry, come to an end after nearly two years of hearings