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Vancouver's long and winding road to ride-hailing – CBC.ca

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It took less than 24 hours for ride-hailing apps Uber and Lyft to get up and running after B.C.’s Passenger Transportation Board approved their operation in the Lower Mainland and Whistler this week. 

But the nearly eight-year journey that preceded those first few rides in the city? Anything but swift. 

And even though Metro Vancouverites can hail a ride through the tap of an app, the rest of the province is still waiting for their opportunity. 

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Here’s what it took for ride-hailing to arrive in the city:

Summer 2012: Uber soft launches — unofficially — in Vancouver

Uber operated unofficially in Vancouver in the summer of 2012. (Ben Nelms/CBC)

While Uber, a San-Francisco based ride-hailing company, launches in Toronto in March, it also has an unofficial soft-launch in Vancouver during the summer.

Nov. 28, 2012: Uber withdraws from Vancouver

After operating unofficially for six months, Uber withdraws from Vancouver after the Passenger Transportation Board imposes a minimum fare of $75 per trip.

September 2014: Social media abuzz with rumours of Uber’s return

Uber begins tweeting its intention to return to Vancouver and puts ads on Facebook to recruit drivers.

Nov. 3, 2014: Province announces undercover checks to combat Uber

B.C. Transportation Minister Todd Stone vows to run stings against Uber drivers should the alternate-taxi service try to set up shop in B.C. 2:17

Amid the rumours Uber is coming, Transportation Minister Todd Stone says plainclothes transit agents posing as potential customers will be deployed to ensure taxis and their drivers are operating by B.C.’s rules, which are enforced to ensure passenger safety.

Nov. 5, 2014Vancouver taxi companies sue Uber

Vancouver’s taxi industry fires a pre-emptive strike against Uber, alleging in a lawsuit that the U.S.-based company is preparing to launch with unlicensed drivers in an attempt to illegally undercut traditional cabs. Uber responds by calling the taxi industry a “cartel.” They drop the lawsuit in March 2015.

Oct. 30, 2015Vancouver council says no to new taxi licences, Uber

A woman approaches a taxi in Vancouver’s Gastown neighbourhood on Dec. 31, 2019. (Maggie MacPherson/CBC)

Michael Van Hemmen, public policy manager for Uber Canada, makes an informal pitch for ride hailing to Vancouver city council. Even though they agree the city is short on cabs — especially during peak hours, council votes to not open the streets up to more competition.

Feb. 16, 2016: Uber CEO slams regulations at Vancouver TED talk

In 2016, Uber CEO Travis Kalanick takes on his familiar foe at TED: regulations, which he claims are standing in the way of cutting pollution and traffic woes. (Bret Hartman/TED)

“Old rules need to bend,” Uber CEO Travis Kalanick reportedly tells an audience, making the pitch that Uber could create jobs and help cut traffic and pollution.

April 25, 2016B.C. Green Party introduces ride-hailing legislation

The B.C. Green Party introduces legislation to “start a conversation” about bringing ride-hailing companies to British Columbia. The bill, introduced by Green Party leader Andrew Weaver, would require ride-hailing drivers to get a background check. This is the first of three attempts the Green Party makes to introduce ride-hailing legislation.

Oct. 19, 2016: Vancouver council bans Uber for another year

City council votes in favour of extending a moratorium on issuing new taxi licences for another year. This means there will be no new taxis on Vancouver streets until at least October 2017, and that Uber cabs will be unable to break into B.C.’s taxi market.

March 7, 2017: Liberals promise Uber if they win the election

Uber and other ride-hailing companies will be available by December, announces B.C. Transportation Minister Todd Stone, contingent on the B.C. Liberal party winning the 2017 provincial election. Taxi advocates plan to challenge the decision.

May 9, 2017: B.C. general election topples government

British Columbia NDP Leader John Horgan gives the thumbs up to the crowd at his election night speech during British Columbia’s provincial election in Vancouver on May 10, 2017. (Nick Didlick/Reuters)

No single party wins the majority of seats, but the Greens say they will provide confidence to an NDP minority government. NDP leader John Horgan becomes premier, succeeding B.C. Liberal leader Christy Clark. The future of ride-hailing is unclear.

Sept. 27, 2017: New transportation minister mum on ride-hailing timeline

B.C.’s new transportation minister, Claire Trevena, says ride-hailing legislation won’t be coming from the government anytime soon in response to a question put to her during the Union of B.C. Municipalities conference.

“It’s too complicated. The previous government [wanted] it by the end of the year. I don’t want to do that,” Trevena says.

Aug. 25, 2017: Uber creates an accidental ice cream debacle

The online app promises to deliver free Earnest ice-cream and Uber promotional items to anybody in Vancouver who downloads the app and requests ice cream between the hours of 11 a.m. and 3 p.m. PT Aug. 25. 

But instead of a sweet treat, many users are met with an “Ice Cream Unavailable” message. Social media users rage.

Nov. 13, 2017: Lyft arrives in Canada

An advertisement for ride sharing app Lyft is pictured in Vancouver on Jan. 23, 2020. (Ben Nelms/CBC)

Uber’s biggest rival, San Francisco-based Lyft eyes the Toronto market, it’s first move outside of the U.S., where it operates in 300 cities. 

Nov. 23, 2017: Provincial committee created to investigate ride-hailing

Andrew Weaver, B.C. Green Party leader, has been a strong proponent of ride-hailing in the province. His party introduced legislation to support the practice three times. (Mike McArthur/CBC)

Andrew Weaver, leader of the B.C. Green Party, announces that a select standing committee made up of MLAs from all three parties will investigate ride-hailing for the province and produce a report by February 2018 that will inform future legislation allowing the service.

Feb. 7, 2018: B.C. organizations create ride-hailing lobby

Nine organizations in British Columbia join forces to advocate for ride-hailing services in the province as soon as possible. The group is called Ridesharing Now for B.C.

Feb. 15, 2018: Government committee report: ‘Yes!’ to ride-hailing

The all-party MLA committee completes its report, which supports a plan for ride-hailing services throughout the province.

June 22, 2018: ‘There really isn’t a delay’

Transportation Minister Claire Trevena says the introduction of ride-hailing is running on schedule, despite claims from critics to the contrary.

Nov. 19, 2018: Ride-hailing legislation (finally) passes

Legislation supporting ride-hailing in B.C. finally passed in 2018. (Jonathan Hayward/Canadian Press)

The B.C. government introduces legislation to allow ride-hailing in the province by sometime in 2019. The proposed changes include amendments to eight provincial statutes. It passes.

July 8, 2019: Regulations for drivers, companies revealed

The province reveals regulations for ride-hailing, including Class 4 licences for drivers, and ride-hailing companies paying a $5,000 annual fee to operate.

Sept. 4, 2019: Vancouver taxis go back to court

The taxi industry has fought a long battle with ride-hailing apps. (Reuters)

A group of Vancouver-based taxi companies asks the Supreme Court of B.C. to quash rules recently introduced by the Passenger Transportation Board that would allow ride-hailing to begin legally operating in B.C.

Premier John Horgan dismisses their claims.

Jan. 23, 2020: Uber, Lyft approved for Lower Mainland, Whistler

Vancouver celebrity chef Vikram Vij takes the first Lyft ride in Vancouver on Friday, Jan. 24. (Ben Nelms/CBC)

Ride-hailing companies Uber and Lyft are approved to operate in the Lower Mainland, including Metro Vancouver. Less than 24 hours later, drivers hit the streets.

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Valero, Chevron Tap Trans Mountain Pipeline for West Coast Crude – OilPrice.com

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Valero, Chevron Tap Trans Mountain Pipeline for West Coast Crude | OilPrice.com



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Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

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Valero Energy Corp. and Chevron Corp. have entered the fray of buyers for oil traversing Canada’s expanded Trans Mountain Pipeline system, signaling a potential shift in the West Coast’s oil-sourcing landscape.

Anonymous Bloomberg sources revealed on Friday that these refineries in California are set to receive cargoes of Cold Lake crude, a heavy grade from Canada’s oil sands, loaded onto Aframax tankers out of the Westridge Terminal near Vancouver last June. This development marks the first sales off the expanded pipeline to Western US refiners, following earlier transactions with Asian buyers Sinopec Group and Sinochem Group.

The expanded Trans Mountain Pipeline, slated to commence commercial operations on May 1, has faced a litany of hurdles, including construction delays, cost overruns, and regulatory challenges. Despite yet-to-be-obtained approvals from the Canadian Energy Regulator, the pipeline’s capacity is set to nearly triple to 890,000 bpd, catering to a growing demand for oil transport from Alberta to Canada’s Pacific Coast. This expansion, originally valued at $33 billion, ballooned to $53 billion, reflecting the complexities and uncertainties of large-scale energy infrastructure projects.

While the pipeline expansion promises to open up international markets for Canadian oil producers, tensions have simmered between environmentalists and stakeholders advocating for increased pipeline capacity. The project’s approval sparked protests and political divisions, ultimately prompting the Canadian federal government’s intervention to ensure its realization. However, analysts caution that despite the expanded capacity, rising oil production, particularly from the oil sands, may swiftly fill the available pipeline space, underscoring ongoing challenges in balancing energy demand, environmental concerns, and market dynamics.

Back in February, when Trans Mountain first began filling the expanded pipeline, Canadian crude oil prices jumped to the narrowest discount to WTI since August 2023, eating into what once was cheap Canadian crude oil for U.S. refiners.

By Julianne Geiger for Oilprice.com

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Calls for gift cards after Tim Hortons contest mistake | CTV News – CTV News Vancouver

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Since moving to B.C. from Colombia to go to university, Marylin Moreno has been a regular at Tim Hortons – and she always scans her app so she can play the iconic Roll Up To Win contest.

“I start to roll to see if I can win something, sometimes I have a coffee or a donut,” said Moreno.

On Wednesday, she got an email from Tim Hortons that stopped her in her tracks. “It said, ‘Congratulations, you’ve won four coffees, one donut, and a boat.’ I was like, a boat! Really?” said Moreno.

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The prize was a $55,000 fishing boat and trailer. Shaking, Moreno went to the nearest Tim Hortons.

“And I asked them, is this real? I’m not sure it’s real. And they told me yes, it’s real,” said Moreno, who was told to call customer service and wait for further instructions on claiming her prize.

The let down came in an email hours later. “They said, ‘I’m so sorry, we made a mistake, you didn’t win the boat. Please ignore the email.’ And I went oh, my heart! I can’t believe it,“ said Moreno.

She learned she was among hundreds of Roll Up To Win players across the country who got the same email, congratulating them on winning the boat. In the email explaining the error, Tim Hortons said it was meant to be a simple recap of the contest.

The apology email went on to say: “Unfortunately, some of the prizes that you did not win may have been included in the recap email you received. If this was the case, today’s email does not mean you won those prizes.”

Moreno said she understands humans make mistakes, but pointed out this isn’t the first time. In 2023, some Roll Up To Win players were mistakenly told they won a $10,000 prize.

Lindsey Meredith, an SFU marketing professor emeritus, said the fact it’s now happened twice is troubling.

Marylin Moreno was among the false winners of the latest Tim Hortons Roll Up To Win promotion.

“If you start to get a bad reputation, collectively it starts to build. It hurts your brand, it hurts your ability to run future promotions, and it certainly can hurt market segments who get really annoyed when that fishing boat just sunk right underneath them,”said Meredith.

Last time, Tims offered $50 gift cards to the customers who were told they won the big prize and didn’t. Moreno said she hasn’t been offered anything.

“I’m waiting for at least something. Make a customer feel better, so OK you make a mistake, at least you give this customer something good, a gift card, something,” Moreno said.

Meredith agrees, saying: “We start to look at what can we do to make that customer happy again, and if that means giving out a lot of coffee cards, get ‘em out, gang. Because you’ve got a problem on your hands, and it’s lot more than a cup of coffee.”

Moreno said she won’t stop going to Tims, and she will continue to play Roll Up To Win, adding “I want to get a free coffee or free donut.”

But if she gets an email saying she won a bigger prize, she won’t get excited. “I don’t trust them,” she said. “It would be hard for me to believe this.” 

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Bitcoin's latest 'halving' has arrived. Here's what you need to know – Business News – Castanet.net

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The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world’s largest cryptocurrency, again.

Bitcoin’s latest “halving” appeared to occur Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907.

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Now, all eyes are on what will happen down the road. Beyond bitcoin’s long-term price behavior, which relies heavily on other market conditions, experts point to potential impacts on the day-to-day operations of the asset’s miners themselves. But, as with everything in the volatile cryptoverse, the future is hard to predict.

Here’s what you need to know.

WHAT IS BITCOIN HALVING AND WHY DOES IT MATTER?

Bitcoin “halving,” a preprogrammed event that occurs roughly every four years, impacts the production of bitcoin. Miners use farms of noisy, specialized computers to solve convoluted math puzzles; and when they complete one, they get a fixed number of bitcoins as a reward.

Halving does exactly what it sounds like — it cuts that fixed income in half. And when the mining reward falls, so does the number of new bitcoins entering the market. That means the supply of coins available to satisfy demand grows more slowly.

Limited supply is one of bitcoin’s key features. Only 21 million bitcoins will ever exist, and more than 19.5 million of them have already been mined, leaving fewer than 1.5 million left to pull from.

So long as demand remains the same or climbs faster than supply, bitcoin prices should rise as halving limits output. Because of this, some argue that bitcoin can counteract inflation — still, experts stress that future gains are never guaranteed.

HOW OFTEN DOES HALVING OCCUR?

Per bitcoin’s code, halving occurs after the creation of every 210,000 “blocks” — where transactions are recorded — during the mining process.

No calendar dates are set in stone, but that divvies out to roughly once every four years.

WILL HALVING IMPACT BITCOIN’S PRICE?

Only time will tell. Following each of the three previous halvings, the price of bitcoin was mixed in the first few months and wound up significantly higher one year later. But as investors well know, past performance is not an indicator of future results.

“I don’t know how significant we can say halving is just yet,” said Adam Morgan McCarthy, a research analyst at Kaiko. “The sample size of three (previous halvings) isn’t big enough to say ‘It’s going to go up 500% again,’ or something.”

At the time of the last halving in May 2020, for example, bitcoin’s price stood at around $8,602, according to CoinMarketCap — and climbed almost seven-fold to nearly $56,705 by May 2021. Bitcoin prices nearly quadrupled a year after July 2016’s halving and shot up by almost 80 times one year out from bitcoin’s first halving in November 2012. Experts like McCarthy stress that other bullish market conditions contributed to those returns.

Friday’s halving also arrives after a year of steep increases for bitcoin. As of Friday night, bitcoin’s price stood at $63,907 per CoinMarketCap. That’s down from the all-time-high of about $73,750 hit last month, but still double the asset’s price from a year ago.

Much of the credit for bitcoin’s recent rally is given to the early success of a new way to invest in the asset — spot bitcoin ETFs, which were only approved by U.S. regulators in January. A research report from crypto fund manager Bitwise found that these spot ETFs, short for exchange-traded funds, saw $12.1 billion in inflows during the first quarter.

Bitwise senior crypto research analyst Ryan Rasmussen said persistent or growing ETF demand, when paired with the “supply shock” resulting from the coming halving, could help propel bitcoin’s price further.

“We would expect the price of Bitcoin to have a strong performance over the next 12 months,” he said. Rasmussen notes that he’s seen some predict gains reaching as high as $400,000, but the more “consensus estimate” is closer to the $100,000-$175,000 range.

Other experts stress caution, pointing to the possibility the gains have already been realized.

In a Wednesday research note, JPMorgan analysts maintained that they don’t expect to see post-halving price increases because the event “has already been already priced in” — noting that the market is still in overbought conditions per their analysis of bitcoin futures.

WHAT ABOUT MINERS?

Miners, meanwhile, will be challenged with compensating for the reduction in rewards while also keeping operating costs down.

“Even if there’s a slight increase in bitcoin price, (halving) can really impact a miner’s ability to pay bills,” Andrew W. Balthazor, a Miami-based attorney who specializes in digital assets at Holland & Knight, said. “You can’t assume that bitcoin is just going to go to the moon. As your business model, you have to plan for extreme volatility.”

Better-prepared miners have likely laid the groundwork ahead of time, perhaps by increasing energy efficiency or raising new capital. But cracks may arise for less-efficient, struggling firms.

One likely outcome: Consolidation. That’s become increasingly common in the bitcoin mining industry, particularly following a major crypto crash in 2022.

In its recent research report, Bitwise found that total miner revenue slumped one month after each of the three previous halvings. But those figures had rebounded significantly after a full year — thanks to spikes in the price of bitcoin as well as larger miners expanding their operations.

Time will tell how mining companies fare following this latest halving. But Rasmussen is betting that big players will continue to expand and utilize the industry’s technology advances to make operations more efficient.

WHAT ABOUT THE ENVIRONMENT?

Pinpointing definitive data on the environmental impacts directly tied to bitcoin halving is still a bit of a question mark. But it’s no secret that crypto mining consumes a lot of energy overall — and operations relying on pollutive sources have drawn particular concern over the years.

Recent research published by the United Nations University and Earth’s Future journal found that the carbon footprint of 2020-2021 bitcoin mining across 76 nations was equivalent to emissions of burning 84 billion pounds of coal or running 190 natural gas-fired power plants. Coal satisfied the bulk of bitcoin’s electricity demands (45%), followed by natural gas (21%) and hydropower (16%).

Environmental impacts of bitcoin mining boil largely down to the energy source used. Industry analysts have maintained that pushes towards the use of more clean energy have increased in recent years, coinciding with rising calls for climate protections from regulators around the world.

Production pressures could result in miners looking to cut costs. Ahead of the latest halving, JPMorgan cautioned that some bitcoin mining firms may “look to diversify into low energy cost regions” to deploy inefficient mining rigs.

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