Producers still cautious despite higher Q2 expectations on stronger oil prices

Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…

Higher prices and volumes credited as Suncor Energy beats estimates with a $1.47B profit

Suncor Energy Inc. is reporting first-quarter net income that beat analyst expectations thanks to higher oil prices, record downstream results, more oilsands production and a $264-million insurance gain on its assets in Libya. The Calgary-based oilsands producer and refining giant…

Canada’s oilsands emit CO2 emissions significantly higher than reported: study

New federal research suggests greenhouse gas emissions from Alberta’s oilsands may be significantly higher than industry reports. In a study published Tuesday, Environment Canada scientists say four major oilsands mines are releasing an average of about one-third more carbon dioxide…

Syncrude to pay $2.75M after blue heron deaths at Alberta oilsands mine

Syncrude has agreed to plead guilty and pay $2.75 million in fines over the deaths of 31 great blue herons at an Alberta oilsands mine. The birds were found dead or dying in 2015 at an abandoned sump pond at…

Eviction of mostly Métis settlement in Fort McMurray area has had lasting impact: report

A report says the eviction of a predominantly Métis settlement in Fort McMurray four decades ago disrupted the community’s way of life and had lasting effect on people’s lives. The piece of land known as Moccasin Flats sits on the…