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Alberta Premier Jason Kenney Announces Resignation As United Conservative Party Leader
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Alberta Premier Visits Washington to Discuss Energy Security in North America
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Trans Mountain Pipeline Project To Receive $10 Billion Loan from Ottawa
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Gas Prices in Canada Could Increase by Five Cents This Week
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TC Energy: Tops Profit Forecasts On Higher Energy Consumption
Canadian News
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Alberta Premier: Canada Can Increase Oil Exports in the U.S.
Alberta Premier Jason Kenney told a U.S. Senate committee on Tuesday that Canada could add over a million barrels per day (bpd) of oil export capacity to the United States. Kenney also called for the support for a new oil pipeline between the two countries. However, Natural Resources Minister Jonathan Wilkinson said there was a […] More
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Possible Reactivation of 2 Liquefied Natural Gas Facilities in Nova Scotia
Two suspended liquefied natural gas (LNG) plants in Nova Scotia will soon be able to resume their operations. The company in charge of the Goldboro LNG plant, Pieridae Energy, is in talks with the federal government on how to proceed with the project. The initial $13-billion-facility for a land-based LNG terminal at Goldboro, N.S., focused on importing gas […] More
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Alberta Appeal Court: Impact Assessment Act Violates the Constitution
On Tuesday, Alberta’s Supreme Court stated that the government’s environmental impact assessment act is unconstitutional, and Ottawa quickly stated its plans to appeal. The Alberta Court of Appeal expressed its opinion on the Impact Assessment Act, calling it an “existential threat” to the division of powers guaranteed by the Constitution and saying it has taken […] More
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Suncor Energy: $2.95B Profit As Oil Prices Increases
Suncor Energy Inc. reports a first-quarter profit of $2.95 billion, up from $821 million in the same period last year, as oil prices rose due to the conflict in Ukraine and concerns about energy supplies. After Monday’s markets closed, the Calgary-based oil producer and refiner reported net earnings per share of $2.06, up from 54 cents per common share in […] More
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Environment Minister: Oil Companies’ High Profits Should Be Invested In Climate Action Plans
On Thursday, Environment Minister Steven Guilbeault said that Canada’s big oil corporations are making record profits this year and should use part of that additional cash to invest in measures that reduce their greenhouse gas emissions. Last week, Cenovus CEO Alex Pourbaix said that a new federal tax credit was not enough to persuade the […] More
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Canada’s Oil Industry Decarbonization Costs $65 Billion
RBC estimates that Canada’s oil sands producers will need to invest around $65 billion (US $51 billion) to lower their environmental footprint while expanding production in line with demand. According to RBC analysts, Canada may increase its oil production by half a million barrels per day, but this would lead to annual carbon dioxide emissions of […] More
Finance
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Razor Energy Corp. Announces Flow-Through Rights Offering for up to $5 Million
Razor Energy Corp. (“Razor”) (TSXV: RZE) in conjunction with FutEra Power Corp. (“FutEra”), a wholly owned subsidiary of Razor, is pleased to announce that it is offering rights (the “Rights Offering”) to eligible holders of its common shares (the “Common Shares”) of record at the close of business on April 7, 2022 (the “Record Date”). […] More
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Historical Crude Oil Chart
Olivia Woods
Press Releases
