Breaking
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Oil Companies Cautious About Drilling as Energy Transition Looms
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Calgary Hosts the 24th World Petroleum Congress
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Alberta Premier to Attend COP28 to Promote Fossil Fuel-Friendly Agenda
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Canadian Natural Expects Trans Mountain Expansion Project to be Delayed
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Canadian Oil Production Is Expected to Increase by 8% Over the Next Two Years
Canadian News
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Ontario to Boost Nuclear Power as Electricity Demand Rises
Canada’s electricity demand is expected to double in 25 years, and Ontario Premier Doug Ford’s government is indicating that nuclear energy will supply most of the province’s new energy. The transition to electric vehicles in the auto industry and industry-wide efforts to reduce carbon emissions are what drives demand. Because of this, Ontario may start […] More
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Alberta Company Fights Regulator Over Thousands of Well Closures
The Calgary-based energy company, AlphaBow Energy, is fighting Alberta’s decision to take over thousands of its abandoned wells. More than 6,000 wells, pipeline segments, and other assets were transferred to the Orphan Well Association by the Alberta Energy Regulator, and AlphaBow Energy has filed complaints with the Alberta ombudsman and the province’s information and privacy […] More
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Trudeau’s Oil Pipeline Averts Delay After Regulator Approved Route Change
(Bloomberg) — An expansion of Canada’s only oil pipeline connecting Alberta to the Pacific coast won regulator approval to alter a section of the route, putting the project back on track for completion by early next year. The Canada Energy Regular approved the company’s proposal to replace a tunneling project along a roughly 1.3 kilometers […] More
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Climate Summit Questions Trudeau on Fossil Fuel Expansion
On Wednesday, Prime Minister Justin Trudeau was questioned about Canada’s huge oil and gas expansion at the Climate Ambition Summit in New York City. This comes at a time when climate science determines the immediate elimination of fossil fuels. Trudeau was invited to speak, but before he did, United Nations Under-Secretary-General Melissa Fleming pointed out […] More
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Trudeau: Canada Will Outperform Methane Reduction Goals
On Wednesday, Prime Minister Justin Trudeau announced that Canada is on track to meet or outperform its goals for cutting methane emissions, one of the most potent greenhouse gases. Canada is on track to achieve and even exceed its methane emissions objectives, Trudeau said at an event held on the sidelines of the United Nations […] More
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Romania Receives $3B from Canada to Finish Two Nuclear Reactors
On Tuesday, Natural Resources Minister Jonathan Wilkinson announced a C$3 billion agreement with Romania to develop two more CANDU nuclear reactors. Nuclearelectrica, a state-owned company, operates two CANDU reactors in Cernavoda, each with a capacity of 706 megawatts, completed in 1996 and 2007. “This is first and foremost about energy security,” said Romanian Energy Minister […] More
Finance
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Oil Prices Settle Mostly Flat Ahead of Monthly Oil Forecasts
Sept 11 (Reuters) – The benchmark oil price settled largely unchanged on Monday, holding above the $90 a barrel reached last week for the first time in 10 months following fresh Saudi and Russian crude output cuts. Brent crude settled down 1 cent to $90.64 a barrel, while U.S. West Texas Intermediate crude settled down […] More
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International News
Olivia Woods
Press Releases
