Breaking
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Suncor Energy Closes Purchase of Additional Interest in Fort Hills Project
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Trudeau’s “Just Transition” Bill Faces Opposition from Big Oil
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Imperial Oil: Canada’s Biggest Renewable Diesel Manufacturing Facility in Alberta
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Oilsands Executives: The Industry Can’t Afford to Accelerate Their Investments in Decarbonization
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Alberta Premier: Oil & Gas Jobs Will Remain Here, Criticizes Canada’s “Just Transition”
Canadian News
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Controversial Pipeline in B.C. Continues to Increase its Cost, Sending Share Values Down
On Wednesday, TC Energy Corp., a North American pipeline operator, announced a much higher cost estimate to finish its problematic Coastal GasLink project, driving share prices down. The 670-kilometre pipeline, first proposed in 2018, will carry natural gas from B.C.’s Peace River region into the Shell PLC-led LNG site on the northwest coast of British Columbia. This […] More
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High Oil Prices and Limited Supplies Boost Imperial Oil’s Q4 Profit
On Tuesday, Canadian oil company Imperial Oil Ltd. announced a larger profit for the company’s fourth quarter when compared to the same period a year ago, mainly due to higher energy prices and limited global supply. Imperial Oil generated $1.7 billion, or $2.86 per share, for the quarter that ended Dec. 31, up from $813 million, […] More
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Premier of Alberta Hopes to Meet with Trudeau Before Introducing “Just Transition” Bill
The Premier of Alberta has requested a meeting with the Prime Minister in light of pending federal legislation meant to ease the process of shifting away from polluting industries. Premier Danielle Smith has requested a meeting with Prime Minister Justin Trudeau in February in order to establish a resolution on proposed pieces of federal “just […] More
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Oilsands Executives: The Industry Can’t Afford to Accelerate Their Investments in Decarbonization
Executives from the oilsands industry say they are committed to reducing emissions and will make significant investments in clean technologies; however, they argue that there is nowhere to invest those funds right now. Repeatedly during the past year, Environment Minister Steven Guilbeault has urged companies to show their support for the cause by investing a portion […] More
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Oil Leak In Vancouver English Bay Area
Vancouver’s English Bay has been affected by an oil spill, and the Canadian Coast Guard says it is operating to control and evaluate the spill. The coast guard reports that a pilot alerted them about the leak from a ship at 11:40 a.m. PT on Saturday. The pill on the ocean along the beaches of Spanish […] More
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Oil Industry Wants $11 Federal Funding to Keep Competitive With the US
The oil industry believes that Prime Minister Justin Trudeau’s promise to keep Canada competitive with the US’s huge subsidies for clean energy gives them a chance to get a steady flow of federal assistance. Companies like Suncor Energy Inc. and Cenovus Energy Inc. are pushing for a share of the C$15 billion Canada Growth Fund, announced […] More
Finance
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Finance Minister: No Windfall Tax on Oil and Gas Companies
Despite pressure from the New Democrats and other G7 countries, Canada’s Finance Minister Chrystia Freeland is sticking with the decision not to impose a windfall tax on oil and gas businesses in this week’s fall economic statement. On Thursday, Freeland released her fall economic statement, which provided a status report on the Canadian economy and […] More
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Historical Crude Oil Chart
Olivia Woods
Press Releases
