Friday saw massive crowds of people across the planet attend rallies demanding action on climate change and in Edmonton, a couple hundred young people marched downtown before taking part in a “die-in” to draw attention to what they fear may…
Tag: Energy
Premier touts Alberta tax cuts, increased oil exports on NY, Ohio tour
Investors are unprepared to sink big sums of cash into Alberta oil projects until there’s a better way to move products out of the province, Premier Jason Kenney said Wednesday. Premier Jason Kenney is travelling to New York and Ohio…
Premier Jason Kenney pitching more Alberta oil in wake of Saudi supply disruption
The supply disruption caused by an attack on a major Saudi oil processing facility has renewed calls from Alberta politicians to get more energy from that province into the world market. “Instability in the Middle East underscores the importance of…
Suncor Energy CEO says he’s not counting on oil risk premium after Saudi attacks
The CEO of Suncor Energy Inc. says his company isn’t counting on higher cash flow despite analyst expectations of a “risk premium” on crude oil prices in the wake of last weekend’s attacks on Saudi Arabian oil facilities. Benchmark oil…
Imperial Oil CEO Rich Kruger to retire, Brad Corson will take over
Imperial Oil Ltd. says chairman and chief executive Rich Kruger is retiring at the end of this year. Kruger has led the company, which is about 70 per cent owned by Texas-based Exxon Mobil Corp., since 2013. READ MORE: Calgary-based…
500,000 litres of produced salt water leaks from pipeline in northern Alberta
A Calgary-based energy company says a pipeline has been shut down after it was found to have leaked an estimated 500,000 litres of produced salt water. In a news release issued on behalf of NuVista Energy Ltd. on Thursday, Peak…
Court rules 6 Trans Mountain pipeline legal challenges allowed to proceed
September 4 2019 8:15pm The Federal Court of Appeals has allowed six First Nations to proceed with legal challenges of the Trans Mountain pipeline expansion. Blake Lough reports. ‘ }); } else { var rel_id = svp.releaseInfo.contentId+””; if( typeof gnca_social_share_collection[rel_id]…
Chinese companies commit to Alberta oilsands despite setbacks
While some European and U.S. companies cut their exposure to the Canadian oilsands, China’s Big Three oil giants — CNOOC, PetroChina and Sinopec — seem content to let their bets ride even if the results haven’t been spectacular. In 2018,…
Federal Court of Appeal to rule Wednesday on letting Trans Mountain pipeline appeals proceed
The Federal Court of Appeal says it will reveal Wednesday whether a new set of legal challenges to the Trans Mountain pipeline project can proceed. The federal government has twice approved a plan to twin an existing pipeline from Alberta’s…
Foreign share of production in Alberta’s oilsands falls from 33% to 16%, analysis shows
When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts. “I think Canada itself creates significant barriers to new investment,” said the president…