Prime Minister Justin Trudeau says the decision by the Norwegian central bank’s massive wealth fund to blacklist four Canadian energy firms over their emissions shows investors are turning their attention to climate change action as a key metric for gauging…
Tag: Cenovus
4 Canadian energy firms blacklisted by world’s largest wealth fund over high emissions
The Norwegian central bank on Wednesday excluded four Canadian oil and gas companies from its $1-trillion wealth fund, the world’s largest, for producing too much greenhouse gas emissions, its first use of carbon emissions as a criterion to blacklist firms.…
Calgary-based Cenovus Energy reports $1.8B first quarter loss as oil prices plunge
By The Canadian Press Posted April 29, 2020 8:47 am Updated April 29, 2020 8:49 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Cenovus Energy Inc. reported a $1.8-billion loss in its first…
Cenovus cuts 2020 capital spending plan due to world oil price plunge
By The Canadian Press Posted March 10, 2020 9:21 am Updated March 10, 2020 9:30 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Cenovus Energy Inc. says it is cutting its capital spending…
Cenovus ramps crude-by-rail volumes to 120,000 bpd without provincial contracts
Crude-by-rail shipments by oilsands producer Cenovus Energy Inc. jumped to 120,000 barrels per day in January from 106,000 in December but the company says it did it without buying any Alberta provincial rail contracts. On Tuesday, the United Conservative government…
Calgary-based Cenovus reports $113M fourth quarter profit, total production up
By Global News Posted February 12, 2020 8:31 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Cenovus Energy Inc. reported a fourth-quarter profit of $113 million compared with a loss of nearly $1.36…
Well cleanup in the cards after Alberta energy company announces plans
Cleaning up and reclaiming thousands of abandoned oil wells has gained traction. Calgary-based Cenovus Energy set new sustainability targets on Thursday, while behind-the-scenes talks continue at the political level. Cenovus set targets to reclaim 1,500 abandoned wells by 2030. Related…
Calgary-based oilsands producer Cenovus aims for ‘net zero’ GHG emissions by 2050
By Staff The Canadian Press Posted January 9, 2020 11:42 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Oilsands producer Cenovus Energy Inc. says it will aim to achieve “net zero” greenhouse gas…
Cenovus says capital spending to edge higher in 2020, production to rise
By The Canadian Press Posted December 10, 2019 7:53 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Cenovus Energy Inc. plans to increase its capital spending in 2020 compared with this year. The…
Cenovus Energy raises dividend, plans modest growth
Oilsands producer Cenovus Energy Inc. is rewarding its shareholders with a 25 per cent increase in its dividend while tightening its spending plans and maintaining “modest” production growth expectations over the next five years. On a webcast from the company’s…