Breaking
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Morningstar: $20 Billion Loss to Taxpayers Due to Trans Mountain Pipeline
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IPC Urges Federal Funding For Carbon Capture and Storage
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Canada Failed Oil Prospects Made After Russian Invasion
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Biden’s Approval of Controversial Alaska Oil and Gas Development: A Blow to Climate Action?
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Trans Mountain: 44% Cost Increase in Oil Pipeline Expansion Project
Canadian News
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Spartan Delta Sells Montney Assets to Crescent Point Energy for $1.2 Billion
Crescent Point Energy Corp, based in Canada, announced on Tuesday that they will be purchasing Spartan Delta Corp’s oil and gas shares in Alberta’s Montney area for a sum of C$1.7 billion in cash. Since Russia’s invasion of Ukraine more than a year ago, oil prices have been extremely unpredictable, making it impossible for buyers […] More
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Environmental Protection Order: Study Finds Connection Between Oil Industry and Earthquakes
On Thursday, the Alberta Energy Regulator declared an environmental protection order for an oil and gas company located in Calgary. This order was prompted after a joint study performed by the University of Alberta and Stanford University revealed an industry link between in situ bitumen recovery and a series of earthquakes that occurred in the […] More
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Poll: Majority of Canadians Agree – The World Needs More Canadian Energy
More than three-in-four Canadians (77 per cent) agree Canada has an opportunity to play a key role in enhancing energy security worldwide, according to a new public opinion poll conducted March 17 to 19 by Research Co. for Canada Action. “Our polling feedback suggests Canadians want to be the supplier of choice to meet growing oil and natural gas demand worldwide. […] More
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Alberta’s Oil & Gas Companies Must Pay Municipal Taxes For New Licenses
The Energy Minister of Alberta is releasing a Ministerial Order directing the Alberta Energy Regulator to demand that oil and gas companies pay municipal taxes prior to the approval of license transfers or new licenses. A total of $220 million in unpaid taxes were reported by municipalities in Alberta in 2022, of which $130 million […] More
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Canada Failed Oil Prospects Made After Russian Invasion
During the second half of 2022, Canada expanded oil production but fell short of its goal to grow production by 200,000 barrels per day to assist nations trying to switch away from Russian imports after its conflict with Ukraine. Canada Energy Regulator statistics reveal a rise in output of almost 168,000 barrels per day between December 2021 […] More
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British Columbia’s New Energy Action Framework
The Province of British Columbia is creating a comprehensive energy policy to supervise petroleum and gas projects. According to a news statement, the new regulation aims to maintain B.C.’s climate targets while providing a platform to advance clean energy and tech advancements. To accomplish 2030 goals, the province’s government will implement an emissions cap and all new […] 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
U.S. Energy Information Administration
Press Releases
