The Canadian Press 
The federal government is expanding a tax incentive to cover a broader array of assets as it aims to drive $1 trillion of new investment in a move roundly applauded by business groups.
Prime Minister Mark Carney announced the “productivity mega deduc…
The pipeline company that moves three quarters of Western Canada’s natural gas says it’s prepared to keep investing in its vast Alberta network to meet “generational demand” for the fuel.
TC Energy Corp. released its statement days after the leak of …
The British Columbia deficit forecast has grown by $450 million to a record-setting $13.8 billion, largely because of a “calculation error” on natural gas royalties, in a situation one critic describes as a state of “fiscal crisis.”
Finance Minister …
Economists expect inflation was steady in August as gasoline prices dropped from earlier in the summer, but the trade war between Canada and the United States will likely put some pressure on consumers’ wallets later on.
Statistics Canada is set to re…
The trade war with the United States and Quebec sovereignty took centre stage as leaders of Quebec’s five main parties appeared in back-to-back interviews on prime time television Wednesday evening.
The agora of the legislature in Quebec City was tur…
The Canada Infrastructure Bank has closed a $20-million loan for an Inuit-led wind project serving a gold mine in Nunavut.
The recipient of the loan is a partnership between the Kitikmeot Inuit Association and Tugliq Energy.
The project includes a 4….
Enbridge Inc. says chief executive Greg Ebel will retire at the end of this year and be succeeded by Michele Harradence, who currently leads the company’s gas utilities business.
Harradence, Enbridge’s executive vice-president and president of gas dis…
Alberta landowners are going to court over what they allege is the provincial energy regulator’s failure to properly fund the cleanup of oil and gas sites that have no company legally responsible for them.
Lawyers at environmental law charity Ecojust…
Tamarack Valley Energy Ltd. and Headwater Exploration Inc. have signed a merger deal valued at $10 billion that they say will bring together their operations in the Clearwater region in Alberta.
Under the proposed transaction, Headwater shareholders w…
The federal Conservatives have launched a campaign to engage their supporters and encourage them to vote to stay in Canada in the upcoming Alberta referendum.
Albertans are set to vote on Oct. 19 on whether they want to remain a province or begin the …
Construction is underway on a major electricity transmission project in British Columbia’s north, a project the federal and provincial governments say will contribute nearly $10 billion a year to B.C.’s economy.
The North Coast Transmission Line expan…
The Bank of Canada stuck to the sidelines Wednesday as governor Tiff Macklem suggested the re-escalating trade war with the United States is not the only risk monetary policymakers are monitoring.
The central bank left its policy rate unchanged at 2.2…
Errors including botched currency conversions led the British Columbia government to overstate its forecasted natural gas revenues by about $1.46 billion over five fiscal years, officials confirmed on Tuesday.
Senior staff with the ministries of energ…
Canada’s main stock index fell nearly 450 points, while U.S. markets were also negative and oil prices rose amid more U.S. military strikes on Iran.
The U.S. military hit targets in Iran on Tuesday after it said Tehran tried to attack commercial…
A drilling rig was being retooled in Alberta. Trucks and cranes were set to ship from Denmark. More equipment was due from Houston.
And a Quebec shipping firm was preparing to receive cargoes from those far flung locales at a port west of Montreal, l…
Canadian and U.S. stock markets fell and oil prices rose on Monday after the U.S. launched its first military action in a month against Iran.
U.S. forces struck Iranian rocket launchers on the Strait of Hormuz on Sunday. Meanwhile, the United Arab Emi…
Alberta Premier Danielle Smith is pushing her message for an end to the fierce U.S.-Canada trade war directly to Americans.
Smith, appearing on the Fox Business Network on Monday, was asked how Canadians feel about U.S. President Donald Trump’s recent…
Premiers are sharply divided over whether to use Canada’s natural resources as leverage in the trade war with the U.S., and potash has emerged as a key point of contention.
Canada is a major global supplier of potash, a key ingredient in fertilizers t…
Trans Mountain Corp. says the pipeline that sends Alberta crude to the Vancouver area ran 94 per cent full during the second quarter.
The pipeline has been operating since the 1950s, and an expansion tripling its capacity to 890,000 barrels per day ca…
The New Brunswick government has granted conditional approval for a 500-megawatt natural gas plant.
The green light comes after an environmental impact assessment and is based on a series of 45 conditions that must be met by the company building the s…
A post this week from U.S. President Donald Trump on his Truth Social platform included an implied threat to energy products flowing into Canada from south of the border. Though Canada is by far an overall bigger supplier to its southern neighbour tha…
Alberta’s finances have swung back in the black after war in the Middle East sent global energy prices surging.
The province’s latest fiscal update predicts a $2-billion surplus — a huge turnaround from the $9.4-billion deficit originally expected for…
Inflated oil prices from war in the Middle East were not enough to pump Saskatchewan’s budget out of a projected deficit, which stayed nearly static at $825.2-million.
Original budget projections made in March for the 2026-27 fiscal year put the provi…
“WE DON’T NEED CANADA, THEY NEED US!” U.S. President Donald Trump’s social media post this week was a continuation on a theme he’s maintained throughout the trade war: that his country doesn’t need anything from Canada.
Experts — and exports — say th…
New Brunswick Premier Susan Holt says her government is launching a review of the province’s long-standing ban on hydraulic fracturing.
The Liberal premier says the review of the 2014 ban on fracking is part of her government’s work to explore ways it…
Canada’s industry minister is deflecting questions about whether the country will use Alberta’s abundant energy exports as leverage in the tense trade war with the United States.
Mélanie Joly, pressed by reporters in Calgary over whether oil and gas s…
Enbridge Inc. says it has signed a deal to buy Salt Creek Midstream’s crude oil gathering business in the Delaware basin for US$600 million in cash.
The deal includes full ownership of the Orla and Wink North systems and a 50 per cent stake in the Del…
Former Alberta premier Jason Kenney is questioning why his province is taking oil and gas off the table in the high-stakes tariff war with the United States.
Kenney, in an interview, says Canada has the power to really put the squeeze on the U.S. thro…
The union representing workers at Metro Vancouver’s waste-to-energy plant says members have launched strike action against its employer.
Unifor says in a statement that its Local 433 chose to initiate the strike after what it describes as employer Veo…
Members of the Trump administration on Monday fanned across cable news stations and in front of crowds of loyal supporters to make the case for Donald Trump’s latest tariffs on Canada as the president himself moved to escalate the trade war.
Trump pos…
U.S. President Donald Trump is taking aim at Canadian energy flowing through the United States in another escalation of his trade war with Canada.
In a post on his Truth Social account Trump warns of “consequences” if Canadian officials didn’t “fall i…
The parent company of Air Transat paid more than ever for jet fuel in its latest quarter due to the ripple effects of the Iran war, prompting the company to seek further federal aid.
The cost of fuel bought by Transat A.T. Inc. climbed by $105 million…
Manitoba’s premier says studies showing year-round shipping potential from the Port of Churchill boost the case for expanding the Arctic deepsea port.
“This breakthrough means we can stop asking if year-round shipping from Churchill is possible,” Kine…
Nova Scotia Premier Tim Houston says Canada’s trade dispute with the U.S. has been a wake-up call to diversify the province’s economy.
Houston was responding late Wednesday to a potential Canada-U.S. trade deal from Banff, Alta., where he’s promoting…
Alberta’s technology minister faced yet another firing line of fury at the government’s second town hall hearing from residents over its plan for artificial intelligence data centres.
Nate Glubish was peppered with profanity from audience members at t…
U.S. President Donald Trump boasted Tuesday about reviving the Keystone XL pipeline project, touting it as a win in trade negotiations with Canada.
Trump posted on his Truth Social platform that Canada and the U.S. “have a DEAL!”
“The great Keystone X…
The latest volley of U.S. tariffs targeting Canada are temporarily on hold, and social media postings from U.S. President Donald Trump suggest a revival of the defunct Keystone XL pipeline is factoring into ongoing negotiations.
Trump posted Tuesday …
Alberta’s technology minister is set to hear from residents in the central region tonight on what they think of artificial intelligence data centres.
Nate Glubish is scheduled to be in Lacombe for the first in a series of town halls.
Glubish has spent…
NDP parliamentary leader Don Davies wants the Competition Bureau to investigate whether Prime Minister Mark Carney’s own words are proof the government’s advertising on clean energy infrastructure violates the government’s law against greenwashing.
Th…
Canada’s main stock index finished in negative territory, as gains from higher commodity prices were offset by broader losses, while U.S. markets were negative.
“Energy is a big reason why the TSX is doing a bit better as we’re seeing oil prices…
Statistics Canada is set to report fresh inflation figures for July this morning.
A poll of economists expects the annual rate of inflation ticked up to 2.9 per cent last month after cooling sharply to 2.8 per cent in June, according to LSEG Data & An…
Conservative Leader Pierre Poilievre says the federal government should give Canadians at least another 10 months of relief at the pumps.
The Liberals suspended the federal fuel excise tax in April in response to global price shocks sparked by the U….
Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps.
Statistics Canada is set to provide a look at the consumer price index for July on Monday.
A Reuters poll of economists expects annual inflation…
Canada’s main stock index climbed on Monday, helped by gains in the energy sector, while U.S. markets were negative.
The S&P/TSX composite index was up 77.10 points at 36,458.33. Oil prices rose on uncertainty about when the Strait of Hormuz could reo…
A group that represents numerous First Nations across British Columbia is calling on Ottawa and Alberta’s government to halt efforts to advance the West Coast pipeline, saying expanding the oil industry will accelerate climate change and disasters.
“T…
Ontario Premier Doug Ford is urging Prime Minister Mark Carney to make a gas tax suspension permanent, or at least extend it beyond its looming expiry.
Carney announced in April that the government would pause collection of the federal fuel excise tax…
Canadian Natural Resources Ltd. reported a second-quarter profit of $4.5 billion, up from $2.5 billion in the same quarter last year.
The company says the profit amounted to $2.15 per diluted share for the quarter ended June 30 compared with $1.17 per…
South Bow Corp. reported net income of US$134 million in its second quarter, up from US$96 million during the same period a year earlier.
The Calgary-based pipeline operator says its earnings amounted to 64 cents US per share in the quarter ending Ju…
The chief executive of oilsands giant Suncor Energy Inc. says he’s encouraged by the tone in Canada surrounding the sector compared with the past decade, but it’s still too early to say whether recent government commitments can help spur future growth…
British oil company BP says it withdrew from the proposed Bay du Nord offshore oil project off the east coast of Newfoundland to free up some money.
The company published its second-quarter financials on Tuesday, saying the period was marked by deep d…
The federal government is advancing the process to designate a proposed oil pipeline to the West Coast as a “national interest” project.
Designating a project as being in national interest under the Building Canada Act allows the government to fast-tr…
Hundreds of protesters chanted “Down, down with corporations” outside a northern Alberta county office on Sunday to voice their opposition to tech giant Meta’s plan to build a data centre.
The morning protest took place in Morinville, a town in Sturge…
Five things to watch for in the Canadian business world in the coming week:
Trade data
Statistics Canada will release its figures for international merchandise trade for June on Tuesday. Canada’s merchandise trade surplus rose to $4.2 billion in May, …
An unusual inquiry came recently to the Calgary office of Avanti Helium Corp., an explorer for the ultralight gas used for applications as wide-ranging as party balloons and space exploration.
It was a prospective customer from the Middle East, where…
A congressman from Washington State says the U.S. Coast Guard should review and update oil spill response plans as news of a planned pipeline from Alberta to B.C. would increase oil tanker traffic in the Salish Sea.
Rep. Rick Larsen says he sent a le…
Pembina Pipeline Corp. says it earned $512 million in the second quarter, rising from $417 million during the same period last year.
The Calgary-based natural gas processor and shipper says its revenue during the quarter reached $2.15 billion, up year…
Pembina Pipeline Corp. says its participation in the proposed West Coast oil pipeline fits into the company’s overall strategy ahead of the pipeline’s potential designation as a project of national interest in the fall.
During the second quarter, Pem…
Imperial Oil Ltd. reported its second-quarter profit was up, primarily driven by higher commodity prices.
The company says it earned $2.2 billion or $4.52 per diluted share for the quarter ending June 30 compared with a profit of $949 million or $1.86…
Imperial Oil Ltd. reported its second-quarter profit was up, primarily driven by higher commodity prices.
The company says it earned $2.2 billion or $4.52 per diluted share for the quarter ending June 30 compared with a profit of $949 million or $1.86…
Enbridge Inc. reported a second-quarter profit attributable to common shareholders of $1.4 billion, down from $2.18 billion a year earlier.
The pipeline company says the profit amounted to 64 cents per share for the quarter ended June 30, down from $1…
TC Energy Corp. has raised its forecast for North American natural gas demand in the coming years and is considering ways its vast Canadian and U.S. pipeline network can respond to the surge.
The Calgary-based company is expecting 51 billion cubic fe…
Canadian and U.S. stock markets gained ground on Thursday as investors sifted through fresh corporate earnings reports on both sides of the border.
The S&P/TSX composite index was up 172.06 points at 35,505.84. On the TSX, the gains in the basic ma…
German utility Uniper has locked down a formal long-term agreement to purchase liquefied natural gas from the $30-billion Ksi Lisims project planned for the northern British Columbia coast.
The Duesseldorf-based company will purchase two million tonne…
Members of the Bank of Canada’s governing council were split over how sustainable a recent economic rebound could be, deliberations from the central bank’s rate decision earlier this month show.
The Bank of Canada held its benchmark interest rate stea…
Cenovus Energy Inc. raised its production forecast for the year as it reported a second-quarter profit of $2.87 billion, up from $851 million a year ago.
That amounted to $1.53 per diluted share, up from 45 cents per diluted share in the same quarter …
British Columbia Premier David Eby says he helped a cabinet minister write her statement denouncing plans for the expansion of a liquefied natural gas plant neighbouring her riding, despite his government advocating for the project.
Kelly Greene, the …
Transat A.T. Inc. says it has secured up to $150 million in federal aid to help offset the soaring price of jet fuel caused by the Middle East war.
The Montreal-based travel company, which runs Air Transat, says the size of the loan will be based on t…
A new oil pipeline to the West Coast would lift Canada and Alberta’s gross domestic product, but perhaps not to the degree the provincial and federal governments are forecasting, says a new report from TD Economics.
The government analysis predicts a…
Canada’s main stock index finished in positive territory, and oil prices fell Monday after the U.S. and Iran paused attacks, while U.S. markets were mixed.
Oil prices reversed course from a week ago, when a sharp escalation in fighting between th…
Five things to watch for in the Canadian business world in the coming week:
Bank of Canada
The Bank of Canada on Wednesday will publish a summary of the governing council’s monetary policy deliberations for its interest rate decision earlier this mont…
The British Columbia government is exempting a utility company that plans to expand its liquefied natural gas plant in Metro Vancouver, allowing the $2-billion investment to move ahead.
Energy Minister Adrian Dix says the government has issued an ord…
Canada’s three Maritime provinces agreed Thursday to work together on their future electricity needs as the country looks to bolster its energy security.
The provincial governments plan to make a regional road map for electricity transmission by next …
Canadian and U.S. markets lost ground Thursday following a sharp increase in oil prices after attacks on two Saudi oil tankers in the Red Sea.
Carol Schleif, chief market strategist at BMO Private Wealth, said that markets were facing a “wall of worr…
Fuel costs are on the rise in Canada as geopolitical turmoil drives the price of crude oil to its highest level in more than a month.
Gasbuddy.com, which crowdsources pump price data from across Canada and the U.S, says the Canadian national average …
Trucking and logistics company Mullen Group Ltd. reported a second-quarter profit of $36 million, up from $25.6 million a year ago, as its revenue rose more than 10 per cent.
The company says the profit amounted to 37 cents per diluted share for the q…
Manitoba Premier Wab Kinew said Wednesday he’s open to a west-east pipeline being pitched by his counterparts in Alberta and Ontario.
Kinew, speaking to reporters at a meeting of premiers in Charlottetown, said the pipeline could make Canada stronger …
Canada’s main stock index rose more than 100 points to reach a new record high despite tariff concerns, as U.S. stock indexes barely budged on Wednesday.
“The markets are still chugging along; I would call it looking for a reason to go higher bu…
Natural gas shipper TC Energy Corp. says two newly built projects are up and running in western Alberta.
The Calgary-based company says it invested a total of $500 million in its Valhalla North and Berland River projects.
They’re part of TC’s vast NG…
The U.S. ambassador to Canada says Alberta and Saskatchewan could make the “most compelling” case to meet the oil needs of the United States.
Pete Hoekstra says the U.S. needs to find three to four million more barrels of oil per day over the next dec…
Canada’s main stock index lost more than 300 points on Monday as Statistics Canada reported inflation data for June, while U.S. markets were also negative.
On Monday, Statistics Canada said lower gas prices were the major force pulling the headline …
Enbridge Inc. has broken ground on a $4-billion natural gas pipeline expansion in British Columbia.
The federal government approved the Sunrise Expansion Program in April.
The project aims to add another 300 million cubic feet per day of transportat…
Canadian Utilities Ltd. says the Alberta Utilities Commission has approved the Yellowhead natural gas pipeline project with construction set to begin immediately.
The $2.9-billion project includes the construction and operation of a 235-kilometre natu…
The annual rate of inflation eased back below three per cent in June as motorists paid less to fill up the gas tank, Statistics Canada said Monday.
Inflation slowed to 2.8 per cent in June, down from the recent high of 3.2 per cent in May and a tick l…
Across Canada, plans are underway for a massive boom in construction of the huge new data centres needed for artificial intelligence technology.
But opposition is also building as residents worry about how the facilities will affect their communities …
Canada’s main stock index edged lower on weakness in the technology sector as falling AI stocks dragged U.S. markets lower.
Friday’s trading session came ahead of a key inflation report from Statistics Canada on Monday.
“The Canadian economy…
Falling gas prices in June are expected to pull the annual inflation rate back below three per cent when Statistics Canada reports fresh price data on Monday.
A Reuters poll of economists expects inflation fell to 2.9 per cent in June from a recent hi…
Keyera Corp. has told the Competition Tribunal that its purchase of Plains’ All American Pipeline LP’s natural gas liquids business does not amount to the acquisition of a “vigorous, effective rival” and was instead a “pro-competitive development.”
T…
Alberta Premier Danielle Smith says close to 800,000 people have applied for her government’s $100 energy rebate.
Smith says she expects the first batch of payments to start landing in Albertans’ bank accounts in the next few days.
She also says the…
A handful of federal ministers are expected to address hundreds of First Nations chiefs as they gather in Ottawa today.
They’ll be speaking in front of the Assembly of First Nations’ annual general meeting about public safety, the economy and natural …
The Bank of Canada is set to deliver its fifth interest rate decision of the year this morning.
Economists widely expect the central bank will remain on hold, keeping its policy rate at 2.25 per cent.
Inflation has jumped above three per cent in recen…
Stock markets edged higher on Tuesday as U.S. inflation data spurred some optimism among investors even though oil prices continued to rise.
The S&P/TSX composite index was up 67.82 points at 35,320.54.
In New York, the Dow Jones industrial average …
ARC Resources Ltd. says its shareholders have voted in favour of a previously announced plan that would see global energy heavyweight Shell PLC acquire the Calgary-based natural gas producer.
The deal, announced in April, is valued at $22 billion, acc…
An environmental economist says the oilsands sector is on track for a “fairly significant” increase in greenhouse gas emissions, even with the Pathways carbon storage project moving forward.
Dave Sawyer, who is with the Canadian Climate Institute thi…
Stock markets in Canada and the U.S. moved lower on Monday as oil prices jumped following a weekend of attacks in the Middle East.
Pierre-Benoit Gauthier, vice-president of investment strategy at IG Wealth Management, said he was surprised the TSX wa…
The Alberta government, Ottawa and five major oilsands producers have signed a memorandum of understanding to advance the multibillion-dollar Pathways carbon capture and storage project.
The Pathways project is a condition for a new West Coast oilsan…
The Bank of Canada is set to make its fifth interest rate announcement of the year on Wednesday following a turbulent few weeks on the global stage and in Canadian economic data.
Despite the flurry of developments since the central bank’s last rate de…
Five things to watch for in the Canadian business world in the coming week:
ARC shareholder vote
ARC Resources Ltd. shareholders are set to vote Tuesday on a deal that will see the company acquired by Shell plc in a stock-and-cash deal valued at $22 b…
Prime Minister Mark Carney, on the heels of a trip to the Middle East, landed Saturday night at the Calgary Stampede where he ate mini doughnuts, watched chuckwagon races — and talked pipelines.
“It’s good to be back,” said Carney, wearing a white hat…
Canadian and U.S. markets finished in positive territory on Friday as investors gear up for corporate earnings amid ongoing geopolitical tensions.
“We seem to be in a holding pattern until we start to get some of these corporate earnings coming out. …
It will be four years before a new natural gas-fired power plant north of Edmonton is operating and able to serve the massive data centre Meta Platforms Inc. is planning to build nearby.
But the tech giant has a plan for power in the meantime.
Meta …
The U.S. Justice Department has reached a settlement agreement with pipeline company South Bow Corp. over a 2022 rupture of the Keystone pipeline that spilled nearly 13,000 barrels of oil in northern Kansas.
Under the deal, the Calgary-based company w…
A Meta Platforms Inc. executive garnered applause at a news conference this week after he boasted that a gargantuan data centre planned for north of Edmonton would use less water annually than a typical Alberta golf course.
The tech behemoth was anno…
Stocks in Canada and the U.S. rose on Thursday, as easing oil prices brought some calm to financial markets.
A day earlier, stock markets fell and oil prices rose as comments from U.S. President Donald Trump raised doubts about the temporary truce in…
Foreign Affairs Minister Anita Anand says it’s “unacceptable” that Iran has launched attacks on commercial ships in recent days as it attempts to tighten its grip over the Strait of Hormuz.
Anand met with Saudi Arabia’s foreign minister Thursday and s…
Stock markets fell on Wednesday after U.S. President Donald Trump said the ceasefire with Iran was over, sending oil prices higher.
“At the end of the day, Middle East risk is back into markets … and the transmission mechanism into markets is via the…
The Iran war both hampered business confidence and sent inflation expectations soaring, the Bank of Canada revealed in a new set of business outlook surveys published Monday.
Those opposing forces on the economy also pushed the central bank to introdu…
The federal government says it will invest up to $400 million into Teck Resources Ltd.’s critical minerals processing operations in southern B.C. as Ottawa looks to shore up supplies of metals used in the defence and green energy sectors.
“We are fac…
Pipeline proposals long considered dead and buried are coming back from the grave — sort of.
Past plans to send oilsands crude east, west and south are being revived with different branding, proponents and routes. And, at least in the first two cases…
Canadian and U.S. markets moved in opposite directions on Monday, as basic materials weighed on Bay Street while tech stocks lifted Wall Street.
Ryan Bushell, CEO and portfolio manager at Newhaven Asset Management, said the divergence appears to be d…
Black and white lawn signs have been popping up around Olds, Alta., on charming tree-lined streets and sprawling acreages alike.
“A data centre and power plant want to move in next door,” they read. “Are you ready for what comes next?”
Dozens of the…
Alberta’s pitch to the major projects office for a new oil pipeline to the West Coast is being billed as a public-private partnership, though its current structure skews almost entirely toward the public end of the spectrum.
Ninety per cent of the pr…
Alberta’s Opposition NDP leader says Premier Danielle Smith’s plan for a new pipeline has his support, but he’s calling on her to be honest about how much taxpayers could be on the hook for it.
Naheed Nenshi also says public financing for the pipeline…
The Calgary Stampede parade turned into a pseudo-referendum on Alberta Premier Danielle Smith on Friday, as she heard both cheers and jeers while riding shotgun on a wagon clip-clopping through the city’s sun-baked downtown.
“We love you, Danielle!” s…
Canada’s main stock index rose more than 300 points Friday, with basic materials stocks leading the gains, while U.S. stock markets were closed for the July Fourth holiday.
The S&P/TSX composite index was up 308.17 points at 35,274.84.
Gold prices hel…
The Alberta government says more than 106,000 residents applied for $100 relief cheques in just over 24 hours.
The direct deposits are meant to help Albertans deal with the high cost of living. But high traffic to the government’s website left some fr…
Pembina Pipeline Corp. and two partners have given the go-ahead to the Greenlight Electricity Centre, a natural gas plant serving a data centre customer.
Pembina, Morgan Stanley Infrastructure Partners and Kineticor Asset Management expect the cost o…
The plan for a new Alberta bitumen pipeline to the British Columbia coast came into focus Thursday as Prime Minster Mark Carney toggled between the two provinces to meet leaders and make announcements.
At a news conference in Vancouver, Carney and B.C…
Canada’s main stock index gained ground amid recent trade developments, while AI stocks weighed on Wall Street.
On Wednesday, United States Trade Representative Jamieson Greer said the U.S. is not renewing the Canada-U.S.-Mexico Agreement “in its cur…
Heavy traffic on a website for Albertans to apply for $100 from the provincial government has clogged the site on the day it opened.
In an email Wednesday, Alberta’s technology and innovation department says it is aware of “performance issues” with th…
Alberta Premier Danielle Smith is expected to give details today about her government’s proposed million-barrel-a-day oil pipeline project to the West Coast.
Smith inked an agreement with Prime Minister Mark Carney last fall.
Their memorandum of under…
Albertans can start applying today for $100 from the provincial government to help deal with the high cost of living.
Premier Danielle Smith announced earlier this month that residents can get the cash instead of the province reducing its tax on gaso…
Alberta Premier Danielle Smith’s office is shrugging off a United Conservative backbenchers’ public opposition to the government’s deal with Ottawa to get an oil pipeline built.
Smith has long pointed to the memorandum of understanding as proof the co…
It’s the Alberta government’s self-imposed deadline to submit its proposal for a new West Coast oil pipeline to the federal major projects office.
But since it’s Canada Day, the province is waiting a day to make what it calls a “major announcement,” …
The Alberta government is poised to make an announcement about its plans for a new West Coast oil pipeline on Thursday, but experts say industry skepticism is well warranted.
Sam Blackett, press secretary to Premier Danielle Smith, said Tuesday that …
The Quebec government says it wants 77 per cent of the energy consumed in the province by 2050 to come from renewables, up from the current 48 per cent.
Energy Minister Bernard Drainville made the comments as he announced the province’s 25-year resou…
The economy sprung back to life in April with solid enough growth to dismiss the spectres of a recession, according to economists weighing in on the latest data Tuesday.
Statistics Canada said real gross domestic product rose 0.5 per cent in April, th…
A federal investigation has found the puncture of a natural gas pipeline in northeastern B.C. last November was caused by inaccurate identification of the pipeline’s location.
The Transportation Safety Board says in its investigation report that the a…
Five things to watch for in the Canadian business world in the coming week:
Holiday trading
It’s an abbreviated trading week for stock markets this week. The Toronto Stock Exchange will be closed for trading on Wednesday for the Canada Day holiday, wh…
The agency that oversees Newfoundland and Labrador’s offshore energy sector says a recent oil spill and gas leak aboard the Hibernia oil platform could have caused a deadly explosion and fire.
The Canada-Newfoundland and Labrador Offshore Energy Regul…
The Vancouver Fraser Port Authority says it has received all federal permits to allow for the dredging of Vancouver’s Burrard Inlet, making room for larger oil tankers loading up from the Trans Mountain pipeline.
The agency says the dredging along no…
Commodity prices helped lift Canada’s main stock index on Thursday as U.S. markets posted mixed results.
The S&P/TSX composite index was up 114.12 points at 34,850.21.
“For Canada (and) the TSX, the rise in commodity prices and precious metals spec…
Some Canadian airlines are scaling back fuel surcharges as fuel prices fall, while others are holding steady for now.
WestJet Airlines says it has reduced its levy on companion vouchers to $40 from $60 per round trip or one-way fare.
Porter Airline…
A new analysis from S&P Global Energy says the greenhouse gas intensity of the oilsands has declined for the 13th straight year, with a two per cent drop in 2025.
The research firm says the average emissions per barrel of marketable product has falle…
Ottawa has begun taking public comments on a proposed liquefied petroleum gas facility on British Columbia’s north coast.
The Impact Assessment Agency says in a statement that comments on the proposal by Trigon Pacific Terminals at the Port of Prince …
Saskatchewan uranium miner Cameco Corp. is cheering the U.S. Department of Energy’s announcement of a conditional US$17.5-billion loan package to speed up new reactor builds.
The department’s Office of Energy Dominance Financing says the loans are fo…
One of Canada’s largest gas station operators managed to grow its profit and revenue even as the Middle East war choked the global flow of fuel.
Alimentation Couche-Tard Inc. reported a fourth-quarter profit attributable to shareholders of $863.4 mill…
Canada’s main stock index rose on Monday, as U.S. markets posted mixed results and oil prices fell.
Michael Currie, senior investment adviser at TD Wealth, said the U.S.-Iran negotiations continued to be a focus for the market, which is a big driver …
High oil and gasoline prices are expected to push inflation higher when Statistics Canada reports its consumer price index for May on Monday.
But the devil will be in the details as economists look for any signs that the cost at the gas pump is causin…
A senior portfolio manager at Ninepoint Partners is expecting an US$80 floor price for oil even after the eventual reopening of the Strait of Hormuz.
Eric Nuttall says in his firm’s mid-year outlook report that global inventories will have to be rest…
Equinor will decide in early 2027 whether it will proceed with its proposed Bay du Nord oil project off the east coast of Newfoundland, a company executive told investors this week.
Bay du Nord is expected to create “significant value and longevity” f…
Canadian and U.S. markets moved in opposite directions Thursday as commodity prices weighed on materials and energy stocks.
Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James Ltd., said weakness in the TSX basic m…
The B.C. government has launched an upgrade on the provincial hydro system in an effort to increase the power supply by another seven per cent.
Energy Minister Adrian Dix announced the improvements on Wednesday, two days after saying the government wa…
Canadian and U.S. stock markets finished in negative territory on Wednesday amid fears of higher U.S. interest rates.
“You’ve got markets recalibrating after the Federal Reserve decision,” said Anish Chopra, managing director with Portfolio Management…
Premier Danielle Smith is expected to announce later today a new measure to help Albertans weather the high cost of living.
It comes after the U.S.-Iran military conflict choked global energy supply chains and sent prices at the gas pump soaring, whic…
Canada’s main stock index drove further into record territory on Tuesday, while U.S. markets were mixed and oil prices fell below US$80.
Optimism continued that a tentative U.S.-Iran deal on their war will reopen the Strait of Hormuz at the end of th…
Canadian and U.S. stock markets rallied after the U.S. and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again.
Allan Small, senior investment adviser at iA Private Wealth…
Statistics Canada says manufacturing sales rose 4.2 per cent to $77.1 billion in April, as the petroleum and coal product group hit a record high.
Petroleum and coal product sales jumped 22.6 per cent to $11.8 billion, following a 25.5 per cent increa…
Environmental groups are cheering an Ontario government announcement that three battery storage projects will add enough capacity to the electricity system to power 640,000 homes.
The Independent Electricity System Operator had been looking to secure …
Imperial Oil has been penalized $120,000 for a wastewater spill at its Kearl oilsands mine near Fort McMurray, Alta.
Alberta’s energy regulator laid nine charges against the company last year in connection to the 2023 spill, which saw about 5.2 millio…
The chief executive of AltaGas Ltd. says the company is in talks with customers in India, Vietnam, Taiwan and other Asian markets to supply Canadian propane and butane as it expands its export infrastructure footprint on the West Coast.
Many places i…
The CEO of the under-construction Woodfibre LNG project in British Columbia says Ottawa’s push to market Canada as a reliable energy supplier is starting to come to fruition.
Luke Schauerte made his remarks in an interview on the sidelines of the Glo…
Stock markets rallied in Canada and the U.S. after President Donald Trump called off a threat to bomb Iran, raising hopes for a deal between the countries.
Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, said Trump’s comme…
The CEO of New Brunswick’s electricity utility says its proposal for a natural gas-powered generating station remains the best option for avoiding blackouts within the next two years.
Lori Clark told a legislative committee this morning that the proje…
The Bank of Canada held its benchmark interest rate steady for a fifth consecutive decision on Wednesday as it tries to support a turbulent economy without letting prices rise unchecked.
Governor Tiff Macklem also said that while the economy is weak, …
Canada’s main stock index finished in negative territory on Tuesday, weighed down by declines in commodity prices, while another sudden reversal for high-flying artificial-intelligence stocks sent Wall Street reeling.
Ryan Bushell, CEO and portfolio …
The lead developer of the Ksi Lisims liquefied natural gas project planned for the West Coast has announced benefit agreements with three First Nations in northern British Columbia.
Houston-based Western LNG says two of those communities — the Metlak…
Statistics Canada says the country’s merchandise trade surplus grew to $2.7 billion in April as higher oil prices helped boost exports to a record high.
The agency says the result was the largest surplus since January 2025 and compared with a surplus …
A second German utility has expressed interest in purchasing liquefied natural gas from the Ksi Lisims project planned for the northern British Columbia coast, as the plant’s partners approach a final go-ahead decision.
Duesseldorf-based Uniper and K…
The Global Energy Show kicks off today with an address from the federal natural resources minister, followed by sessions featuring a diverse slate of political and corporate leaders from Canada and abroad.
Along with Tim Hodgson’s speech on “building…
The federal government on Monday offered a loan lifeline to airlines struggling to cope with the soaring price of jet fuel, garnering a mixed response from the country’s carriers.
The new program will let airlines borrow up to $150 million each, as fa…
Economists expect the Bank of Canada to hold its benchmark interest rate steady for the fifth straight time when it meets Wednesday, but its messaging could shed light on how it is navigating ongoing geopolitical uncertainties.
The central bank held i…
Five things to watch for in the Canadian business world in the coming week:
Energy conference
The Global Energy Show is set to kick off in Calgary on Tuesday. Among the scheduled speakers are federal Natural Resources Minister Tim Hodgson, the premier…
Steve Liborio was caught off guard by a sudden increase in interest in electric vehicle rentals, several years after the car rental industry’s foray into EVs failed to get the traction it had hoped for.
Since Liborio doesn’t carry EVs at his Thrifty C…
A city utility in New Brunswick has become the first in Canada to share active electricity grid data with outsiders — a move it says will help keep power bills predictable and lead to more clean energy projects.
Saint John Energy will be sharing the d…
Trans Mountain Corp. says oil shipments through its pipelines reached 83 per cent of capacity in the first quarter and is expected to rise to 90 per cent in the second quarter.
The Calgary-based company that operates the pipeline from Alberta to the B…
Canada’s main stock index drove further into record territory on Thursday, helped by gains in the basic materials sector, while U.S. markets were mixed.
Carol Schleif, chief market strategist at BMO Private Wealth, said that there is some level of …
A new report says boosting economic relations with Indigenous partners and incorporating their world views in business decision-making can help position Canada for a more resilient economic future.
The report, published Wednesday by Deloitte’s Future…
The premiers of Alberta and Quebec say they want to take inspiration from each other on how to grow autonomy within Canada.
Alberta Premier Danielle Smith and Quebec Premier Christine Fréchette met in Quebec City on Wednesday afternoon as sovereignty…
Stock markets in Canada and the U.S. lost ground on Wednesday as oil prices rose following a flare-up in hostilities that threatened the U.S.-Iran ceasefire.
The broad declines in the North American stock market came a day after fresh highs for the S…
Premiers, energy ministers, CEOs and a throng of international visitors are poised to descend on Calgary next week, when the annual Global Energy Show kicks off against a vastly different backdrop than the event last year.
A year ago Alberta Premier D…
Some of Canada’s largest environmental groups were on Parliament Hill Wednesday, urging the Liberal government to reverse course on what they’re calling “rollbacks” of environmental policy.
Representatives of 14 groups held a news conference to say Ot…
BC Ferries has become the latest transportation service provider to levy a fuel surcharge in the wake of high oil prices triggered by conflict in the Middle East.
The operator says in a statement that a temporary, five per cent surcharge will be imple…
Oil production is ramping up off Newfoundland and Labrador and the government is offering money to companies interested in looking for more.
Premier Tony Wakeham opened an annual energy conference in St. John’s, N.L., by announcing a call for explorat…
Stock markets in Canada and the U.S. reached new highs, powered by gains in energy and AI, respectively.
Theresa Shutt, chief investment officer at Harbourfront Wealth Management, said themes around higher risk appetite driven by “AI fervour” helped …
Alberta Premier Danielle Smith is planning to meet with her counterpart in Quebec City this week, with separatism and energy possible topics of discussion.
Speaking at an unrelated news conference in Calgary, Smith was asked about her upcoming visit w…
Canada’s main stock index edged lower, while U.S. markets were positive and oil prices rose after the latest fighting threatened the U.S.-Iran ceasefire.
The United States said Monday that it bombed radar and drone sites in Iran after Tehran shot dow…
Canada’s economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.
StatCan reported Friday that the economy stalled in the first qu…
The federal government is facing increased pressure to state whether it knows how some of its recent policy changes will affect Canada’s greenhouse gas emissions.
Environment Minister Julie Dabrusin was peppered with questions on the issue at a parlia…
Canada’s main stock index gained ground while U.S. markets continued to push into record territory as the U.S. and Iran were reportedly working toward a deal to extend a ceasefire.
“We’re still rallying on the increasing likelihood that the conflict …
Experts say it’s anyone’s guess whether the relief Canadians have been feeling at the pumps over the past week will last into June.
Data from energy analytics website GasBuddy shows the cost of fuelling up has been dropping for the last 10 days to abo…
Nova Scotia Premier Tim Houston says he is relinquishing the energy minister role he gave himself as part of his push to turn the province into an energy superpower.
The premier announced the move as part of a larger cabinet shuffle on Wednesday as he…
A standoff between Premier Danielle Smith and her own United Conservative Party on the issue of separation is over — and the premier has won.
Premier Smith and party president Rob Smith had been at odds over where they stand on Alberta staying in Cana…
A German utility has signed a long-term agreement to buy one million tonnes of liquefied natural gas per year from the yet-to-be-built Ksi Lisims project in northern British Columbia as European countries look to lock down reliable fuel supplies in a …
New Brunswick’s government says the new consumer advocate office it will create will better represent residents and small businesses at the province’s power rate-setting body.
The Liberals on Tuesday tabled a pair of bills that would create an energy…
A deal to supply Canadian liquefied natural gas to Germany would be a key step toward the partners behind the Ksi Lisims project deciding to go ahead with their $10-billion West Coast plant and export terminal, British Columbia Premier David Eby said …
Nova Scotia’s premier says his government is about to start negotiations with a company that could frack for natural gas in the province.
Tim Houston told reporters Monday that seven companies responded to a call for firms interested in natural gas ex…
Former cabinet minister Steven Guilbeault is set to resign as a member of Parliament, sources have told The Canadian Press.
Guilbeault is expected to inform the Liberal caucus on Wednesday.
Guilbeault has become increasingly disillusioned in recent mo…
There’s no pipeline without Pathways and no Pathways without a pipeline.
That was the quid pro quo spelled out in a sweeping energy accord signed between Alberta and Ottawa in November.
Alberta is spearheading early planning and regulatory work on a…
Pembina Pipeline Corp. says it’s going ahead with its $570-million Heartland extraction plant project.
The 750-million-cubic-feet-per-day straddle plant will extract natural gas liquids under Pembina’s extraction rights on the Yellowhead Pipeline.
It …
Retail sales rose 0.9 per cent to $72.7 billion in March as higher gas prices boosted overall sales for the month, Statistics Canada said on Friday.
Sales at gas stations and fuel vendors rose 12.4 per cent as the attack on Iran by the U.S. and Israel…
Premier Danielle Smith announced Thursday that Albertans will be going to the polls Oct. 19 to vote on whether there should be a future binding referendum on the province quitting Canada.
Here’s a timeline of pivotal moments in Alberta’s separatism de…
With airline tickets growing more expensive and customers facing the risk of cancelled flights, insurance experts are advising those with summer travel plans to stay on their toes.
Air carriers are continuing to grapple with sky-high jet fuel costs, a…
Canada’s main stock index moved lower in trading on Tuesday, weighed down by losses in the battery and base metals sectors, while U.S. markets also fell.
The S&P/TSX composite index was down 92.11 points at 33,741.24.
In New York, the Dow Jones indust…
Higher gas prices driven mainly by the war in Iran pushed inflation higher in April but some economists argue the conflict’s looming costs haven’t been fully captured in the latest price data.
Inflation rose to 2.8 per cent in April, Statistics Canada…
Economists expect the annual pace of inflation topped three per cent for the first time since 2023 in April as Statistics Canada’s consumer price index reflects the full weight of the Iran war energy shock.
The agency is set to publish fresh inflation…
Five things to watch for in the Canadian business world in the coming week:
Inflation
Statistics Canada will release its April reading for inflation on Tuesday when it publishes its consumer price index for the month. The annual rate of inflation rose…
Shovels could hit the ground on a new West Coast oilsands pipeline as early as September 2027, the federal and Alberta governments said Friday, after they announced a plan to gradually increase the province’s effective industrial carbon price to at le…
Markets in Toronto and New York retreated on Friday as rising global oil prices and fears of higher inflation shook the global bond market.
“Rising bond yields from Japan to North America were one of the major headwinds for equity markets around the g…
Transat AT Inc. says high jet fuel prices added $70 million in additional costs for March and April compared with the same months last year.
The travel company says fuel surcharges have only marginally offset the higher costs because a large portion o…
Statistics Canada says manufacturing sales rose three per cent in March to $73.6 billion, the highest level since January last year, boosted by higher energy prices.
The agency says sales rose in nine of the 21 subsectors it tracks, led by the petrole…
Since gas prices started climbing in March, Sarah Bradley has found herself bargain hunting across multiple grocery stores in Montreal.
“Before, I’m a one-stop shop person,” she said. “Now I think twice. I’m like, OK, do I need that from IGA or can I …
Prime Minister Mark Carney and Alberta Premier Danielle Smith are to meet today in Calgary, where they’re expected to announce an agreement on the future of industrial carbon emission pricing in the province.
A source with knowledge of the discussions…
British Columbia Premier David Eby says he’s hopeful that LNG Canada will come to a final investment decision at the end of the year that will be the “largest private sector investment in Canadian history.”
Eby and other provincial officials, along wi…
The Carney government is putting a new emphasis on diplomacy with Persian Gulf countries — one that goes beyond seeking investments in Canada to arrangements touching on defence and artificial intelligence.
Foreign Affairs Minister Anita Anand made tr…
Prime Minister Mark Carney and Alberta Premier Danielle Smith say they’ll be in Calgary on Friday to announce the next step in their landmark energy pact.
Carney says it will feature an implementation agreement on industrial carbon pricing and advance…
Clean energy advocates say they’re encouraged Ottawa’s upcoming electricity strategy will consider ways government can help finance a massive cross-country buildout in power infrastructure.
A discussion paper laying out the broad strokes of the plan s…
The federal government is planning to adjust the clean electricity regulations to give more flexibility to LNG power plants and help to double Canada’s electricity grid by 2050.
Prime Minister Mark Carney on Thursday unveiled Canada’s long-awaited cle…
Keyera Corp. reported a loss of $122 million in its latest quarter as it saw a large unrealized non-cash loss associated with risk management contracts.
The company says the loss amounted to 53 cents per share for the quarter ended March 31 compared w…
The chief executive of ATCO Ltd. says she believes the energy sector can weather an increase in the carbon price, a move some business leaders have said would hurt Canada’s competitive position on the world stage.
“None of us want to have additional …
The minister responsible for energy and climate change solutions in British Columbia says four new windfarms will strengthen the province’s energy sovereignty at a time of rising costs and uncertainty.
Adrian Dix says three projects in the province’s …
Canada’s main stock index fell on Wednesday, while U.S. markets were mixed as large tech stocks south of the border saw gains.
“The divergence is what we’ve seen for a while now. It’s the AI and tech story in the U.S. that’s dominating. Semiconductors…
Ottawa and Alberta are closing in on a deal on industrial carbon pricing.
A source with knowledge of the discussions who was not authorized to speak publicly about them tells The Canadian Press the two governments expect to announce an effective carbo…
The Bank of Canada’s governing council says it’s weighing a range of different paths for its benchmark interest rate to cope with inflation risks from the Iran war.
On Wednesday, the central bank released the summary of deliberations that led to its d…
The leaders of Trans Mountain Corp. and the federal agency that oversees the Crown corporation say it’s possible Ottawa will own the Alberta-to-B.C. pipeline indefinitely.
Mark Maki, the president and CEO of Trans Mountain, says it’s a “sovereign pip…
An emissions report LNG Canada filed to the BC Energy Regulator details operational issues at the plant in March as it continued to surpass the amount of gas it is allowed to burn off through flaring.
The report was obtained by University of Victor…
Keyera Corp. has closed its deal to buy the Canadian natural gas liquids business of U.S. firm Plains All American Pipeline LP despite a challenge launched by the federal competition regulator.
The company says it completed the acquisition Tuesday for…
Markets in North America were mixed on Tuesday as U.S. inflation data spurred a rotation away from the technology sector while higher oil prices benefited Canadian energy stocks.
“As investors are spooked by inflation fears, they’ve taken profits f…
Five things to watch for in the Canadian business world in the coming week:
Energy infrastructure discussion
Trans Mountain Corp. chief executive Mark Maki and Elizabeth Wademan, chief executive of the Canada Development Investment Corp., are at a C…
Executives at South Bow Corp. say customers have been clamouring to ship more oil on the southern leg of its pipeline network.
Richard Prior, South Bow’s chief operating officer, says recent geopolitical turmoil has driven an increase in demand for m…
A jump in commodity prices resulting from the Middle East conflict has helped Pembina Pipeline Corp. raise its earnings outlook for the year.
The company says it expects to benefit especially from higher propane prices in Asia thanks to its export fac…
Enbridge Inc. reported a first-quarter profit attributable to common shareholders of $1.67 billion, down from $2.26 billion a year earlier.
The pipeline company says the profit amounted to 77 cents per share for the quarter ended March 31, down from $…
Nova Scotia’s premier is crediting a change in federal leadership for renewed traction in the province’s pursuit of offshore oil and gas development.
Tim Houston said Thursday that former prime minister Justin Trudeau opposed fossil fuel projects, but…
Stock markets in Canada and the U.S. moved lower on Thursday as oil prices fluctuated amid hopes for a deal between the U.S. and Iran.
The hope is that an end to the war will reopen the Strait of Hormuz and allow oil tankers trapped in the Persian Gul…
Canadian Natural Resources Ltd. reported a first-quarter profit of $1.35 billion compared with $2.46 billion in the same quarter last year.
The company says the profit amounted to 64 cents per diluted share for the quarter ended March 31 compared with…
Suncor Energy Inc. is sending high-demand products like jet fuel and diesel from its Canadian refineries to a variety of far-flung global destinations as strife in the Middle East continues to squeeze supplies.
In March, the Calgary-based oilsands pr…
Canadian and U.S. stock markets rallied on Wednesday as oil prices sank amid hopes that the United States and Iran are nearing a deal that would allow ships to deliver crude.
“Some commentary from Trump earlier this morning on prospects that the U.S. …
Vermilion Energy Inc. reported a loss of $145.5 million in its latest quarter, weighed down by a $286-million unrealized loss on derivatives due to increases in oil and gas prices.
The company says the loss amounted to 95 cents per diluted share for t…
The Competition Bureau is challenging Keyera Corp.’s proposed deal to buy the Canadian natural gas liquids business of Plains All American Pipeline LP, a move the Calgary-based energy infrastructure company opposes.
The regulator said Tuesday the pr…
Norway’s Equinor has submitted a development application for its proposed Bay du Nord oil project to Newfoundland and Labrador’s energy regulator.
The board of the Canada-Newfoundland and Labrador Offshore Energy Regulator will decide if the developme…
Canada’s main stock index edged lower while U.S. markets continued a record streak after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected.
“The rally is also based on the extreme success of…
Five of Canada’s largest oilsands producers and clean energy groups are separately criticizing the federal and Alberta governments for slow progress on finalizing aspects of the energy deal signed last year.
The pact pairs the prospect of a new oil pi…
The demise of Spirit Airlines in the U.S. serves as a warning to smaller carriers north of the border that are beleaguered by high fuel costs and low demand for travel to America.
After two previous bankruptcies, the ultralow-cost airline that once op…
Canadian and U.S. stock markets moved lower on Monday, while oil prices jumped following escalations in the Middle East that may be undermining the ceasefire in Iran.
“Markets came into the week focused on earnings, but today oil and geopolitics are a…
One of the world’s largest credit rating agencies says surging global energy prices related to the Iran war could help tackle the deficit in Newfoundland and Labrador.
DBRS Morningstar says the province’s recent budget — with a deficit of $688 millio…
Five things to watch for in the Canadian business world in the coming week:
Loblaw results
Loblaw Cos. Ltd. will release its first-quarter results on Wednesday morning before markets open. The grocery and drugstore retailer has been working to build i…
North American stock markets were mixed on Friday, with the TSX in negative territory while U.S. markets reached more records.
The S&P 500 climbed 0.3 per cent to its latest all-time high as it closed out a fifth straight-winning week. That’s its long…
Imperial Oil Ltd. is capitalizing on strong pricing for diesel and jet fuel by boosting how much of those products its refineries churn out.
“Certainly in this time period, we’ve been maximizing our production of diesel and jet molecules over gasolin…
TC Energy Corp. announced plans to expand its Columbia Gas system in the U.S. as it reported $899 million in net income attributable to common shareholders for its first quarter, down from $978 million a year earlier.
The pipeline company says the pro…
Prime Minister Mark Carney says a new oil pipeline out of Alberta is “more likely than not.”
In his first sit-down interview with The Canadian Press since becoming prime minister more than a year ago, Carney said Friday that given the increased global…
United States Trade Representative Jamieson Greer told Canadians looking for insights into the future of bilateral trade this week that “America First” is policy, not a slogan, and they should not expect a return to the way things were.
Sources who at…
Equinor has awarded contracts for front-end engineering and design work on its proposed Bay du Nord oil project off the east coast of Newfoundland.
The Norwegian energy giant has tapped Subsea Integration Alliance for design and engineering work on th…
Alberta Premier Danielle Smith says a key approval for a cross-border oil pipeline project to deliver more of the province’s crude to the United States is coming after years of advocacy from her government.
U.S. President Donald Trump has signed a pre…
A massive wildfire quickly spread into the oilsands city of Fort McMurray, Alta., on May 3, 2016. It forced more than 90,000 people out of the region, damaged or levelled 2,500 homes and scorched nearly 5,900 square kilometres of forest.
Its cause …
Bank of Canada governor Tiff Macklem says he’s “encouraged” by the federal government’s efforts to diversify the economy and protect it against increasingly common shocks to global trade.
He also says Ottawa’s fiscal update, tabled earlier this week, …
A closely watched global crude benchmark briefly touched its highest price since war erupted in the Middle East more than two months ago before retreating on Thursday, as a resolution to the supply squeeze in the Strait of Hormuz remains elusive.
Bre…
Federal investigators say a train crash in Metro Vancouver in 2023 where about 8,000 litres of diesel fuel was spilled was likely caused by the crew missing a warning to slow down in preparation to stop.
The Transportation Safety Board says the crash …
A joint federal-provincial regulator says a U.K. company has won the rights to explore for oil and gas in the water off Nova Scotia.
The Canada-Nova Scotia Offshore Energy Regulator says Inceptio Oil and Gas Ltd. has committed $210 million for explora…
Shares in Precision Drilling Corp. are trading lower after the oil and gas services firm reported lower first-quarter profits that missed analyst expectations.
The stock was 7.5 per cent lower in late-morning trading at $129.52 on the TSX.
The Calga…
AltaGas Ltd. reported $147 million in net income applicable to common shares, down from $392 million in the same quarter last year, weighed down by unrealized losses on its risk management contracts.
The company says the profit amounted to 47 cents pe…
Newfoundland and Labrador’s Progressive Conservative government tabled its financial plan for the 2026-27 fiscal year on Wednesday. The budget forecasts a deficit of $688.5 million and a $20.8 billion net debt by the end of the 2026-27 fiscal year.
He…
Whitecap Resources Inc. is boosting its production outlook for 2026 after it churned out record output for the first three months of the year.
The Calgary-based oil and gas company is increasing its full-year production targets by 7,500 barrels of oi…
Executives at Canadian National Railway Co. say higher demand for energy, potash and other commodities generated by the war in the Middle East work to the company’s advantage, even as rising fuel costs weigh on profits.
The country’s largest railway e…
Global energy heavyweight Shell PLC’s plan to buy one of Canada’s biggest natural gas producers bolsters the likelihood an expansion of the LNG Canada plant will move ahead, industry experts say.
The deal to buy Calgary-based ARC Resources Ltd. is va…
The Bank of Canada is widely expected to keep its benchmark interest rate unchanged at 2.25 per cent when it announces its latest decision later this morning.
The central bank is also set to release its latest economic forecast in its quarterly monet…
The spring economic update the federal government released on Tuesday seeks to formalize a pivot in climate policy that first appeared in last year’s energy agreement with Alberta.
In the 2025 budget, the Liberals promised to not make enhanced oil rec…
Stock markets in Canada and the U.S. moved lower on Tuesday amid losses in tech stocks and rising oil prices due to the Middle East conflict.
“I think this has been the theme for the last little while — when oil’s up, everything else goes down, and …
Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd., bringing together the lead partner in Canada’s first operating liquefied natural gas project with a major producer in one of the continent’s most profitable shale regions.
Wael Sa…
Prime Minister Mark Carney announced the creation of the country’s first-ever sovereign wealth fund on Monday, called the Canada Strong Fund.
Carney pitched the new fund as a way for Canadians to invest in nation-building projects in areas that includ…
The Bank of Canada will share how it’s thinking about price pressures from the Iran war on Wednesday when it publishes a new monetary policy report and makes its next interest rate decision.
The central bank has held its benchmark rate steady at 2.25 …
The Newfoundland and Labrador government has approved hikes in greenhouse gas emissions at a nickel mine in northern Labrador and the Cenovus-owned White Rose oilfield off the coast of St. John’s.
Cenovus estimates that its new West White Rose platfor…
The federal government announced Friday it has approved Enbridge Inc.’s $4-billion Sunrise natural gas pipeline project in British Columbia. Here’s a quick rundown of the project and why it’s important.
What is the Sunrise Expansion Project?
The Westc…
The federal government has approved a $4-billion plan by Enbridge Inc. to expand an existing natural gas pipeline in British Columbia, a move one executive says demonstrates a greater “sense of purpose” from Ottawa toward bolstering Canada’s status as…
Questerre Energy Corp. is selling its minority stake in its Kakwa Central assets in Alberta for $23.5 million in cash.
The company says the deal includes the assumption of decommissioning liabilities and its commitments under its firm transportation a…
Canadian and U.S. markets drifted lower Thursday amid continued oil price volatility and geopolitical instability.
The S&P/TSX composite index fell 42.18 points at 33,912.93.
In New York, the Dow Jones industrial average was down 179.71 points at 49,…
The British Columbia Energy Regulator has issued an order to LNG Canada related to “black smoke flaring” after an inspection revealed at least two instances of non-compliance with the company’s permit for its facility in Kitimat.
The order says staff …
When the United States allowed the widespread sale of gasoline with increased ethanol content at the pumps as a temporary measure to relieve soaring prices, online posts claimed the blend of ethanol and gasoline known as E15 damages engines and offers…
Trucking and logistics firm Mullen Group Ltd. says it earned $21 million in its first quarter as acquisitions helped boost revenue 10 per cent.
The Alberta-based company says the profit amounted to 22 cents per diluted share for the quarter ended Marc…
Alberta Utilities Minister Nathan Neudorf says a public feedback report that suggests support for nuclear energy is not a “slam dunk” for the industry, as it urges the pursuit of nuclear power while also encouraging the legwork to keep people safe.
Th…
A delegation of First Nations leaders from British Columbia have come to Calgary to relay a message to pipeline executives face-to-face — steer clear of investing in a new bitumen pipeline to the northwest coast or risk a prolonged legal fight.
Haida…
A new report from Enverus says Western Canadian oil production can grow by about one million barrels a day over the next seven years.
The research firm says the growth will be mostly driven by expansions to existing steam-driven oilsands projects.
Th…
Those in the market for a new vehicle should factor the rising cost of fuel into their budgets, experts say.
“When you’re looking at buying a car, it’s more than just the sticker price on the vehicle,” said Morgan Roberts, vice-president at RH Insuran…
Canada’s main stock index fell more than 550 points on Tuesday, while U.S. markets also lost ground amid uncertainty about U.S.-Iran ceasefire talks.
“North American equity markets started out on solid footing today, but then … retreated as the day p…
Alberta Premier Danielle Smith has signed a joint statement with South Korea to waive a three per cent tariff on crude exports from the oil-rich province.
The Alberta government says the agreement will open up more market access for energy producers s…
Nova Scotia is kicking off public consultations on its controversial plan to allow natural gas exploration more than a decade after fracking was first banned in the province.
In December, the provincial government tapped Dalhousie University to admin…
Statistics Canada says airfares rose year-over-year for the first time in nearly two years in March amid sky-high jet fuel prices.
Agency data shows that plane ticket prices rose 2.9 per cent last month compared with March 2025.
National Bank analyst …
Whether it’s Florida oranges, Colombian coffee or even homegrown items from another province, food has often travelled a long way before it reaches grocery stores in Canada.
The supply chain gets even longer for communities in the Far North.
Typicall…
Canada’s main stock index saw slight gains Monday, while U.S. markets edged lower following the latest rise in tensions between the United States and Iran.
The S&P 500 slipped 0.2 per cent from its all-time high for just its second drop in 14 days …
Shares of Superior Plus Corp. were up more than 10 per cent in early trading after it announced it has recently been awarded multiple contracts, including an agreement to support a hyperscale data centre project.
The company says its Certarus Ltd. sub…
Former environment minister Catherine McKenna says the leaders of Canada’s oil industry are figures close to American President Donald Trump who are “taking us for fools” and putting both the economy and environment at risk.
Canada’s official greenho…
Ottawa’s temporary suspension of some fuel taxes kicks in today, with Canadians likely to save 10 cents per litre on regular gasoline, and four cents on a litre of diesel.
Prime Minister Mark Carney had announced last week a pause on those fuel excise…
The latest annual account of greenhouse gas emissions shows Canada’s emissions reductions slowed in 2024 to almost nothing.
Environment and Climate Change Canada quietly published its national inventory report on Wednesday, something it’s required to …
An eastern Canadian logistics, trucking and courier company with a fleet of more than 200 vehicles says Monday’s federal tax break on fuel should provide relief to hard-hit customers.
Karanjeet Singh, owner of Dartmouth, N.S.-based NovaExpress, said …
Manitoba Premier Wab Kinew says Ottawa has hinted that it wants liquefied natural gas shipping out of Churchill by 2030 or federal support for an expansion of a port in the community could be off the table.
Kinew met with Prime Minister Mark Carney t…
Skyrocketing jet fuel costs threaten to push airfares up and flight numbers down well into the peak summer travel season, even as signs of hope emerge that oil flows from the Persian Gulf are set to resume.
Iran’s foreign minister said Friday the Stra…
Energy industry experts say it could be a while before any calm returns to rattled oil markets after Iran’s top diplomat declared the Strait of Hormuz “completely open” to commercial traffic that had all but ceased when war engulfed much of the region…
Canadian and U.S. stock markets shot higher in early afternoon trading while the price of oil plunged more than 10 per cent after Iran’s foreign minister said the Strait of Hormuz is fully open.
U.S. President Donald Trump initially celebrated, post…
A new business sentiment survey from ATB Cormark Capital Markets suggests confidence is waning in a new oil pipeline being chosen for a speedy federal review within the next year.
The investment firm canvassed executives representing 24 energy servic…
Statistics Canada will reveal the early impacts of the Iran war’s oil price shock on inflation when the agency reports its consumer price index for March on Monday.
The price of oil has surged in recent weeks after Iran responded to attacks by the Uni…
Imperial Oil says there have been no reported effects to wildlife or open waterbodies from a pipeline leak of crude bitumen in eastern Alberta.
Company spokeswoman Lisa Schmidt says the pipeline leaked a bitumen emulsion — a mixture of the heavy crude…
Canada’s main stock index fell, while U.S. markets edged up to another record high on Thursday as investors wait for more information about the war in Iran.
“The market, it’s rallied extremely fast and now it’s taking its breath a little, which is ve…
FortisBC says it is working to restore natural gas service to about 6,200 customers in British Columbia’s Lake Country and north Kelowna area.
The utility says in a statement that the “service disruption” could mean that some customers won’t have gas…
RBC and Scotiabank say they’re dropping their 2030 targets for reducing financed emissions as governments pull back on climate action and artificial intelligence drives a surge in energy demand.
In 2022, RBC set goals to reduce funded emissions for t…
Canadian companies using Amazon to pick, pack and ship goods will have to start paying a new surcharge because of rising fuel costs.
The e-commerce giant says the 3.5 per cent surcharge on fulfillment fees will take effect on Friday.
It will only appl…
Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term.
It’s too early on in the crisis, triggered in late February when t…
Elyse Vandermolen is like many residents of Houston — a Texan frustrated by watching the price per gallon tick higher at the gas pump while the oil-producing state she calls home is set for record exports because of the war in Iran.
“It just makes you…
The head of Scotiabank says conflict in the Middle East could help boost demand for Canada’s energy exports.
Speaking at the bank’s annual meeting, chief executive Scott Thomson says the conflict has served as a reminder of how resources can be used …
While Prime Minister Mark Carney announced federal measures to give Canadians relief at the pumps Tuesday, Alberta says its fuel tax will stay in place for now.
Alberta Finance Minister Nate Horner says he supports Ottawa’s move but says the province …
Canada’s main stock index rose while U.S. markets rallied to the edge of an all-time high as oil prices eased.
“Overall, these markets are resilient; they’re obviously looking past any of the nervousness,” said Allan Small, senior investment adviser a…
Here is a roundup of stories from The Canadian Press designed to bring you up to speed …
Liberals return to Parliament with majority after three byelection wins
Liberal MPs will now have more clout in the House of Commons after three byelection wins g…
Leaders of some of Canada’s biggest oil and gas producers are discussing the state of their industry with investors at a private conference as the war in the Middle East continues to roil commodity markets.
Presentations at the 2026 BMO CAPP Energy S…
Canada’s main stock index rose alongside U.S. markets on Monday as oil prices pared gains from earlier in the day, settling just under US$100 per barrel.
“I think it’s still a bit of a relief rally that we have enough of a ceasefire holding in the Mid…
Five things to watch for in the Canadian business world in the coming week:
Energy meeting
The 2026 BMO CAPP Energy Symposium takes place Tuesday and Wednesday in Toronto. Leaders in the upstream oil and gas sector are to share their thoughts on the…
Canada’s main stock index rose on Friday, while U.S. markets were mixed amid a shaky ceasefire agreement between the U.S. and Iran.
“The big story really is on the situation in the Middle East that is continuing to remain fluid, and the oil volatili…
Commuters in most Atlantic provinces are finding relief at the pump today after widespread drops in prices set by local utility boards.
But experts say they don’t expect the decreases to continue past a few days amid market uncertainty over the Iran w…
High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities.
The average wholesale price of diesel remained more than 55 per cent ab…
The spring session of the Nova Scotia legislature did not work out quite as Premier Tim Houston had hoped, according to opposition parties and a political scientist.
The session was marked by weeks of protests over budget cuts, a remarkable reversal o…
Canadian and U.S. stock markets moved in opposite directions a day after broad surges over a ceasefire in the Middle East war.
“In general, I think everything has to do with the uncertainty around the war still,” said Philip Petursson, chief investmen…
Documents show the volume of gas flared at the LNG Canada plant on British Columbia’s north coast between October and January far surpassed what its permit allows.
University of Victoria air quality researcher Laura Minet obtained monthly air emission…
The federal Conservatives are calling on Ottawa to return some of the revenue from higher gasolines prices to give Canadians a break at the pumps — but some economists say cutting gas taxes isn’t the only way to deliver relief.
Prime Minister Mark Car…
The Competition Bureau says it has obtained a court order to gather information related to Keyera Corp.’s proposed deal to buy the Canadian natural gas liquids business of U.S. firm Plains.
The watchdog, which opened a review into the potential merger…
The price of crude oil fell sharply on Wednesday after the U.S., Israel and Iran agreed to a ceasefire, but the drop is not being reflected at gas station pumps — yet.
West Texas Intermediate crude is trading nearly 18 per cent lower than it was a da…
Canadian and U.S. stock markets surged as oil prices plunged below US$95 per barrel after U.S. President Donald Trump pulled back from his threat to destroy Iran.
The S&P 500 leaped 2.5 per cent after Trump announced a two-week ceasefire with Iran, …
Energy-hungry companies in Nova Scotia are heading toward the light.
New statistics from the province’s private power utility show that commercial-scale players — which includes municipalities and First Nations — grew their capacity to generate solar …
It might be a busy market for mergers and acquisitions in Canada’s oilpatch later this year, provided the geopolitical mayhem eases enough for buyers and sellers to find common ground on price, says a partner at consulting firm Deloitte.
In a report …
Canada’s main stock index finished slightly higher after paring losses from earlier in the day, while U.S. markets were mixed amid President Donald Trump’s latest threat against Iran.
Trump said in a social media post that a “whole civilization wil…
Prime Minister Mark Carney says the federal government is looking at how to support Canadians as oil prices rise amid the ongoing war in the Middle East.
Oil prices have surged since the U.S. and Israel attacked Iran on Feb. 28. The Canadian Automobil…
Stock markets in Canada and the U.S. finished in positive territory on Monday after struggling to find direction through the day.
Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, said markets had a “mild risk-on tone” duri…
The dramatic upswing in energy prices is a shock but the global economy should be able to manage through current levels, said BMO experts Wednesday.
Chief economist Doug Porter said Canada has just seen the largest monthly gasoline price hike on recor…
The Conservative Party of Canada is calling on Ottawa to drop the federal tax on gas and diesel fuel for the rest of the year.
Conservative Leader Pierre Poilievre said Thursday that lifting the Fuel Excise Tax, Clean Fuel Standard and GST surcharges …
Quebec’s energy board has launched a website tracking gasoline prices in real time at stations across the province.
With gas prices soaring because of the Iran war, users can now compare prices at the pump with the interactive map.
A law that entered …
Canada’s main stock index finished in positive territory on Thursday, while U.S. markets overcame some early losses to post mixed results and oil prices rose.
The unsettled trading followed a national address late Wednesday from U.S. President Donald …
Canadian and U.S. stock markets gained on Wednesday as hopes continued to build for an end to the war in the Middle East.
However, some of the signals investors saw as hopeful are already under dispute, and several earlier bouts of optimism in financ…
Foreign Affairs Minister Anita Anand will join multi-nation talks hosted by the U.K. on Thursday on finding diplomatic options to reopen the Strait of Hormuz trade corridor.
Anand says all countries involved should know Canada will not hesitate to hel…
Canadian and U.S. stock markets rallied on Tuesday as financial markets seized on a couple of tenuous signals for hope about a possible end to the Iran war.
The S&P/TSX composite index was up 833.10 points at 32,768.04.
In New York, the Dow Jones ind…
Alberta Premier Danielle Smith says a deadline for reaching two agreements connected to her landmark energy deal with Ottawa will be missed.
The November memorandum of understanding outlined a number of commitments and steps both levels of government …
New data released by Statistics Canada on Tuesday suggests the economy was rebounding in the first few months of the year after a mild contraction to close 2025.
The agency said real gross domestic product edged up 0.1 per cent in January, helped by s…
Keyera Corp. says its deal to buy the Canadian natural gas liquids business of U.S. firm Plains is taking longer than expected.
The company says the deal continues to advance through the regulatory process, but it’s no longer expected to close by arou…
The BC General Employees’ Union is asking for provincially regulated employees to be allowed to work from home full-time due to high fuel prices.
The union that represents 35,000 public service workers among more than 95,000 members says in a statemen…
Five things to watch for in the Canadian business world in the coming week:
Clean energy plan
Prime Minister Mark Carney is expected to announce the federal government’s clean energy strategy this week. The Liberals have been promising a plan to mor…
The promotional video shows a small creek trickling through a mossy patch in an otherwise brown, barren landscape, icebergs looming just offshore.
A petroleum engineer dips a hand into the stream, then takes a sniff.
“It smells like crude oil,” h…
NDP Leader Avi Lewis begins his term with the task of rebuilding the federal party in his unapologetically progressive vision, but there is already resistance from the leadership of the Alberta and Saskatchewan branches.
Lewis won a first-ballot victo…
A new report from the Canada Energy Regulator is projecting significant growth in electrical generation between now and 2050, in part due to new artificial intelligence data centres’ thirst for power.
The federal agency gamed out four supply and dema…
Canada’s main stock index finished in positive territory amid losses on U.S. markets as the latest delay in the Iran war failed to spur optimism.
“Today continues to be another risk off trading day,” said Lesley Marks, chief investment officer of equ…
Natural Resources Minister Tim Hodgson is doling out $28.9 million in funding for a series of carbon capture and renewable energy projects across Canada today.
The money is coming from Canada’s Energy Innovation Program, which the federal government s…
Stock markets in Canada and the U.S. fell on Thursday, while oil prices rose, amid uncertainty as to when the U.S.-Iran war may end.
Michael Currie, senior investment adviser at TD Wealth, said oil prices have been dictating much of the recent swings …
Representatives from all three Canadian territories say the need to improve their aging electricity grids has reached a critical level requiring billions of dollars from the federal government to update, and in some cases, keep the lights on.
Yukon’s …
Here is a roundup of stories from The Canadian Press designed to bring you up to speed …
Enbridge to fund policing of Line 5 reroute
Enbridge has agreed to funnel money to U.S. law enforcement in anticipation of protests against its Line 5 pipeline re…
Crude oil prices have dipped slightly amid hope for an easing of conflict in the Middle East, but remain far above prices before the United States launched its attack against Iran.
The Canadian Automobile Association says Canadian gasoline prices aver…
Enbridge has agreed to funnel money to U.S. law enforcement in anticipation of protests against its Line 5 pipeline reroute project, a move that has raised concerns about the depth of the company’s influence in policing issues.
The Calgary-based comp…
A new report says Canada’s ability to sell oil in markets outside of the United States has paid off big time so far, underscoring the urgent need for more pipelines to coastal waters.
Public policy think tank MEI says the average price-gap between …
The companies behind the Coastal GasLink pipeline and the massive LNG Canada facility in Kitimat, B.C., have signed agreements that bring both of their second phases closer to reality.
TC Energy says the agreement to establish a “comprehensive commerc…
Residential power rates in Nova Scotia are going up, but not quite as much as the biggest utility in the province was hoping.
The provincial regulator has issued a lengthy decision on Nova Scotia Power’s proposed rate hikes that will require the utili…
The chief executive of National Bank of Canada says he’s not changing the bank’s strategy because of the war in the Middle East, but he is urging a faster response from Canada to rising threats abroad.
Speaking at the bank’s financial services confere…
Alberta and Ottawa have reached an “agreement-in-principle” that puts the province in control of regulating its methane emissions, with final rules expected by the end of this year.
The federal and provincial governments inked a sweeping accord in No…
Canada’s main stock index finished higher on Tuesday, while U.S. markets were mixed amid uncertainty about how long the Iran war will last.
“I think the market is really hoping for better news, and they may not get that,” said Theresa Shutt, chief inv…
Stock markets in Canada and the U.S. rallied after President Donald Trump said the United States has talked with Iran about a possible end to the war.
“I do think there’s optimism that de-escalation in terms of the threat to do long-term damage to en…
A pipeline leak in Sarnia, Ont., has been located more than a week after a sheen reportedly turned up on the St. Clair River.
Sun-Canadian Pipe Line says it pinpointed the leak on Saturday morning, nine days after the company said it was made aware of…
Some food delivery couriers grappling with high fuel costs are about to get a little help.
DoorDash Canada announced Monday that it will give couriers who drop off orders in their own vehicles up to $36 extra a week to help cover high gas prices.
The …
Canadian and U.S. stock markets sank on Friday amid fears about the effects of the U.S.-Iran war on interest rates.
Dustin Reid, vice-president and chief strategist for fixed income at Mackenzie Investments, said markets were seeing risk-off moves am…
Foreign Affairs Minister Anita Anand’s office is clarifying the conditions under which Canada would get involved in the American and Israeli war against Iran.
The Liberals have repeatedly said they weren’t consulted on the war and have no intent to jo…
National Bank and CIBC have committed to measuring how their fossil fuel financing compares with how much money they direct toward renewable energy, but not to making those numbers public.
The measure, known as the energy supply ratio, is meant to pro…
Two members of the Nisga’a Nation have filed a lawsuit in B.C. Supreme Court alleging the First Nation failed to adequately consult its citizens before partnering with Western LNG on the development of the Prince Rupert Gas Transmission Project.
Ceci…
Canadian and U.S. stock markets fell on Thursday as higher oil prices stoked inflationary fears.
“Every day is the same day, almost like Groundhog Day. It’s all about the price of oil. Oil prices go higher, the market goes lower,” said Allan Small, s…
Prime Minister Mark Carney has endorsed a statement from Canada and its allies expressing their willingness to contribute to efforts to reopen the Strait of Hormuz more than two weeks into the U.S.-Israeli war on Iran.
The statement does not say how t…
It’s easy to feel helpless watching that number outside your local gas station move ever higher.
The United States and Israel launched their war with Iran almost three weeks ago and the conflict has since spilled over into several other countries in …
The CEO of natural gas pipeline operator TC Energy Corp. says Canada risks missing out on opportunities to provide global markets with a secure supply of energy if permitting timelines aren’t significantly shortened.
François Poirier says there’s bee…
The Bank of Canada held its benchmark interest rate steady Wednesday as monetary policymakers wait to see whether a surge in global oil prices tied to war in the Middle East becomes a wider inflation problem.
The central bank’s decision to hold its po…
The Bank of Canada held its policy interest rate at 2.25 per cent on Wednesday. Here is the text of the central bank’s decision:
—————————-
The Bank of Canada today held its target for the overnight rate at 2.25 per cent, with the Ba…
TransAlta Corp. says the U.S. Department of Energy has ordered it to keep a coal plant in Washington State online for another three months.
Coal-fired generation had been set to wind down at the Centralia Unit 2 facility by the end of 2025 before the…
Alberta Premier Danielle Smith says her long-term goal is to be able to balance the province’s books even with moderate oil prices.
She says in about 10 years she’d like Alberta to bring spending in line with revenues that average US$60-per-barrel oil…
Stock markets in Canada and the U.S. gained ground on Tuesday, as investors await interest rate decisions from the Bank of Canada and the U.S. Federal Reserve on Wednesday.
“Markets, they’re up modestly, but it’s more of a wait-and-see approach on wha…
Saskatchewan Premier Scott Moe says a deficit budget he’s to unveil tomorrow aims to protect services, with more dollars going toward health care.
Moe says health care spending will build from a recent plan that aims to add more nurse practitioners, …
Foreign Affairs Minister Anita Anand says she agrees with Prime Minister Mark Carney that the U.S. attack on Iran violates international law — and so does Iran’s blockade of the crucial Strait of Hormuz shipping route.
Anand says Canada is looking at…
Alberta may soon require oil and gas companies to be on top of their municipal property taxes if they want to keep producing.
It’s one of more than a dozen proposals contained in a new report released by the province and by the Rural Municipalities of…
Rising fuel prices caused by the war in Iran have begun to raise costs for Canadian shippers and ripple out to consumers, as fallout from the fighting filters into the broader economy.
The price of heavy fuel oil — used to power container ships and ot…
Canadian and U.S. stock markets gained ground on Wednesday as oil prices fell and tech stocks rose on both sides of the border.
“It could be a potential bounce that we are likely seeing, but we have seen markets are continuing to remain driven by tho…
Inflation was showing signs of easing in February but economists warn price relief will be short lived as the war in the Middle East fuels surging energy costs.
Statistics Canada said Monday that February’s inflation reading came in at 1.8 per cent ye…
It’s not a given that the surge in fuel costs motorists have faced in recent weeks will become the norm, says the head of petroleum analysis at price-tracking website Gasbuddy.com.
An easing of the war in the Middle East would take the air out of bal…
When Frame Aviation’s latest fuel shipment arrived, it came with a warning: the next one might have a significantly higher price tag.
The possible hike facing the aviation parts and fuel supplier about 130 kilometres south of Calgary in Claresholm, A…
The Bank of Canada will be balancing a last-minute flood of economic data with uncertainty around trade and war in the Middle East as it prepares to make its second interest rate decision of 2026 this week.
Economists say the central bank faces choppy…
Natural Resources Minister Tim Hodgson said Wednesday Canada will “do its part” to lower the cost of oil globally as a bloc of nations looks to tame the surge in energy prices triggered by the war in the Middle East.
The International Energy Agency — …
Canada has committed to supplying 23.6 million barrels of oil as part of a larger International Energy Agency plan to help stabilize energy markets as the war in the Middle East continues.
The announcement comes two days after Natural Resources Minist…
Stock markets in Canada and the U.S. lost ground on Friday as the U.S.-Iran war continued to send oil prices higher and investors sifted through economic data from both North American countries.
“We’re two weeks into the war, and I think you’ve got p…
Canada and its allies are prepared to defend the Arctic, Prime Minister Mark Carney said Friday in Bardufoss, Norway, after observing NATO’s Cold Response exercises.
He held a news conference alongside Norwegian Prime Minister Jonas Gahr Store and Ger…
Canada will maintain its sanctions on Russia and its shadow fleet of oil transports, despite U.S. President Donald Trump’s move to ease sanctions, Prime Minister Mark Carney said on Friday.
The United States placed a 30-day waiver on its Russian oil s…
The U.S.-Iran war has roiled commodity and stock markets while stoking inflationary fears, but experts caution investors against emotionally driven changes to their portfolio.
Investors have seen oil prices surge to top US$120 per barrel at one point …
The industrial carbon price will cost Alberta’s oilsands producers on average the equivalent of about a Timbit per barrel of oil, according to a climate think tank’s new analysis intended to serve as a reality check on provincial-federal pipeline talk…
Countries around the world are grappling with skyrocketing costs for key commodities like oil and fertilizer as the war with Iran continues to upend global trade.
With no end in sight, the war is likely to cast a shadow over trade negotiations ahead o…
Some Edmonton landowners are taking a stand by erecting a blockade against what they call a delinquent oil and gas company.
The group says MAGA Energy hasn’t paid its lease for three years and says as a result MAGA employees are no longer allowed on t…
Canadian and U.S. markets fell on Thursday as investors saw no clear end in sight to the U.S.-Israeli war on Iran.
“I don’t think this is surprising to see the seesaw action that we’ve had since the outbreak of hostilities. It’s a fluid situation and …
Canadian and most U.S. stock indexes lost ground on Wednesday as the price of oil rose amid efforts to release reserves.
“The big rotation we had seen since the beginning of the year, where people were selling lots of tech and going to old economy an…
An oil market expert says the supply jolt triggered by war raging in the Middle East underscores why it’s important for countries — including Canada — to keep energy stored in reserve in case of emergency.
Rory Johnston, author of the Commodity Conte…
Airlines across the globe are starting to hike fares and fuel surcharges in response to a surge in oil prices sparked by the war in Iran, and Canada is no exception.
Several carriers indicated this week that higher ticket prices are likely — or alread…
Removing obstacles to renewable energy development must factor into talks the Alberta and federal governments are having around electricity emissions policy, clean energy think tank Pembina Institute said in a new report.
The two governments signed…
Canada’s main stock index rose on Tuesday as U.S. markets held steadier while investors awaited the next signal on when the U.S.-Iran war may end.
Allan Small, senior investment adviser at iA Private Wealth, said markets have been very volatile with g…
An oil market analyst says a major hike to his commodity price forecast for the year is a given as the Middle East war stretches into its second week, but the magnitude will depend on how long crude shipments from the Persian Gulf are choked off and t…
The Vancouver Fraser Port Authority says a record amount of cargo flowed through its terminals last year as shippers sought to grow overseas markets far from an increasingly protectionist United States.
Freight volumes at the Port of Vancouver rose ei…
Stock markets in Canada and the U.S. reversed course to finish in positive territory as the price of oil was up, but off the highs reached earlier in the day.
Brianne Gardner, senior wealth manager at Velocity Investment Partners of Raymond Jame…
Stock markets in Canada and the U.S. dropped on Friday amid the dual effect of oil prices spiking above US$90 per barrel and weaker U.S. jobs data.
“The concern here that’s been creeping into the market throughout the week is that this conflict is go…
Spreading out risk among partners and customers will be key if South Bow Corp. goes ahead with the new Alberta-U.S. pipeline project it’s pitching to oilsands producers, its top executive said Friday.
That was one of the lessons the company drew from…
Ottawa and Alberta have reached a prospective deal that they say will see major projects be approved more efficiently.
In a joint announcement Friday the two governments said the deal will bring a “one project, one review” approach to addressing the b…
Analysts are warning the conflict in the Middle East could drive up costs across Canada’s supply chains and compound price pressures at the grocery store in the weeks to come.
Global oil prices have risen sharply in recent days as Israeli and U.S. att…
AltaGas Ltd. reported $205 million in net income attributable to common shares for its latest quarter up from $203 million a year earlier.
The company says the profit amounted to 67 cents per diluted share for the quarter ended Dec. 31, down from 68 c…
Canadian Natural Resources Ltd. is deferring an oilsands mine expansion as it waits for Ottawa to finalize environmental policies.
The Calgary-based oil and gas giant had been planning to spend about $150 million this year on early engineering and de…
A wind energy company in Nova Scotia with the backing of local First Nations has secured $240 million in financing to construct onshore wind farms and an associated green hydrogen project that aims to be the first of its kind in Atlantic Canada.
Tre…
An emerging industry to remove carbon dioxide out of the atmosphere got a boost on Thursday with the launch of an initiative to raise another $100 million for those projects.
The federal government, RBC, BMO and Shopify are among the founding member…
Canadian and U.S. stock markets dropped Thursday, after seeing some relief a day earlier, as the price of oil rose above US$80 per barrel.
The S&P/TSX composite index was down 332.89 points at 33,609.97.
In New York, the Dow Jones industrial averag…
After two days of volatile swings, stock markets gained ground on Wednesday as the rise in oil prices eased.
“Today has been certainly much calmer than Monday and Tuesday were, so that’s coming as some relief,” said Kevin Burkett, portfolio manager a…
The Canadian government has agreed to cover fees for a proposed deepwater oil project that could come due under a United Nations convention, and officials say the tab could hit $1 billion.
Federal Fisheries Minister Joanne Thompson confirmed the commi…
Tourmaline Oil Corp. says it has sold natural gas assets in northwestern Alberta for $765 million.
The Calgary-based company says the buyer of the Peace River High assets is a “Canadian senior producer” but did not disclose its identity.
The Competi…
Conservative Leader Pierre Poilievre on Wednesday pitched Canada to a German audience as a reliable energy supplier in a period of global uncertainty.
Poilievre was in Berlin as part of a trip to Europe that has seen him meet in recent days with busin…
The head of the Bank of Canada warns new players in global debt markets aren’t as closely monitored as traditional banks, which could drive new risks in a period rife with uncertainty.
Governor Tiff Macklem is in Toronto on Wednesday speaking to the G…
The widening Mideast war is driving up spot natural gas prices in Europe and Asia, and while it highlights the potential for Canada to play a greater role as a stable global supplier, one economist says it’s not likely to change much in the near term….
Some of Canada’s renewable energy organizations are applauding commitments Ottawa signed with India this week to advance development of solar, wind and hydrogen power.
Prime Minister Mark Carney spent four days in Mumbai and New Delhi, a trip which co…
A proposed deepwater oil project off the Canadian east coast reached a key milestone Tuesday as the Newfoundland and Labrador government signed an agreement with Equinor on how to divvy up the development’s anticipated rewards.
Premier Tony Wakeham re…
Canada’s main stock index dived, then pared back some of its losses to finish the day 2.2 per cent lower on Tuesday as investors worried about a widening of the war between Iran and the United States and Israel.
“The big fear with this conflict, the s…
Alberta Premier Danielle Smith says the war in Iran underscores the need for a new pipeline connecting her province’s oil reserves to the West Coast.
The threat of shipping disruptions has seen global oil prices jump since American-Israeli attacks on …
Gasoline prices at the pump are on the rise in many Canadian cities as fears around the U.S.-Israeli attacks on Iran drive up world oil prices at the same time refineries are preparing for the summer driving season.
Price-tracker Gasbuddy.com put the…
Five things to watch for in the Canadian business world in the coming week:
Carney road show
Prime Minister March Carney is on the road this week, looking to grow Canada’s economic ties to countries other than the United States. He began his trip by f…
Canada’s main stock index finished lower on Friday, while U.S. stock markets also retreated amid weakness in technology stocks.
Brian Madden, chief investment officer with First Avenue Investment Counsel, said that while Canada’s main stock index los…
Electricity generator TransAlta Corp. has announced plans to power a new data centre west of Edmonton in partnership with the Canada Pension Plan Investment Board and Brookfield, which comes as the Alberta government aims to grow that nascent industry…
Pembina Pipeline Corp. says it has decided to proceed with two pipeline expansion projects in British Columbia and Alberta as it announced a dip in fourth-quarter earnings.
The Calgary-based energy infrastructure company says earnings for the final t…
Alberta’s finance minister is set to hit the road today to discuss a new provincial budget that is big on spending but also carries an eye-popping deficit of more than $9 billion.
Nate Horner will discuss the budget with business leaders at the Calgar…
Prime Minister Mark Carney’s trip to India meant to reset bilateral relations after two years of extreme tensions.
Canada and India halted trade talks and pulled their diplomats after Canada alleged in both 2023 and 2024 that agents of the government …
It’s budget day in Alberta, and the overarching question is not whether the budget will show a deficit, but exactly how many billions of dollars in the red it will be.
Premier Danielle Smith has signalled for weeks that the deficit is going to be, in …
Alberta is taking another run at having a court strike down federal project review legislation.
The Alberta Court of Appeal started hearing the province’s second challenge to Ottawa’s Impact Assessment Act in Calgary on Tuesday.
The act sets out a p…
Whitecap Resources Inc. reported net income of $307.2 million in the fourth quarter, up from $233.8 million during the same period the previous year.
The company says its net income amounted to 25 cents per share during the quarter, down from 4…
The Newfoundland and Labrador government says it is owed more than $34 million in land reserve fees by several companies that had hoped to build wind-powered hydrogen and ammonia operations in the province.
And the province intends to collect the mon…
Canada’s main stock index rose more than 200 points on Thursday, while U.S. markets lost ground.
Much of the gains on the TSX came from the energy sector, which benefited from rising oil prices amid worries about a potential conflict between the Unite…
Sherritt International Corp. says it has reduced operations at its joint venture in Moa, Cuba due to fuel supply constraints.
The company says it expects to pause mining operations and place the processing plant on standby within the next week during …
Prime Minister Mark Carney is facing mounting calls to speak out against the United States for widening its restrictions on fuel reaching Cuba, or to send aid to the country.
For more than a year, Global Affairs Canada has warned travellers of “shorta…
Pipeline and power company TC Energy Corp. is looking to capitalize on the insatiable electricity demand from U.S. data centres, but it’s focused on tweaking its existing system to meet those needs instead of building from scratch.
“Our strategy has …
Executives with crude shipper Enbridge Inc. say increased Venezuelan crude exports would not undermine its plans to send more Alberta oilsands barrels to Texas refineries.
“The U.S. Gulf Coast is the world’s best heavy refining market and Canadian c…
Shares in Precision Drilling Corp. are down after the oil and gas driller said a rig decommissioning charge dragged it to a fourth-quarter loss.
The Calgary-based company posted a net loss attributable to shareholders of $41.9 million for the three m…
Ryan Profid was enjoying a karaoke night at a resort near Cayo Coco in Cuba when he was approached by a staff member who had some bad news.
They told him his vacation was over and he’d have to fly home the next day.
Hours later, a disappointed Profid …
Alberta Premier Danielle Smith says “significant” deficits are in store for her province as it tries to grapple with low oil prices.
The government’s new budget is set to be unveiled later this month, and Smith says it’s going to be a “tough” one.
The…
The federal government is looking to increase the number of electric vehicle chargers across the country through its new automotive strategy — but is still well short of the number it was told it needs to support the transition to battery-powered cars…
Canadians in Cuba are waiting for flights home as an energy crisis worsens in the nation amid a U.S. oil blockade.
Major Canadian airlines, including Air Canada, WestJet and Air Transat, have already suspended service to Cuba.
All three airlines have …
Nova Scotia has found an energy-hungry potential buyer for the electricity the province hopes to produce from a major offshore wind project that is still in the early stages.
During a news conference in Boston on Wednesday, Premier Tim Houston and Mas…
The end is fast approaching for a Northwest Territories oilfield Imperial Oil Ltd. first tapped more than a century ago.
The Calgary-based company, majority owned by U.S. heavyweight ExxonMobil Corp., announced Friday that it aims to wind down produc…
Extreme cold forced Hydro-Québec to temporarily suspend its energy exports to Massachusetts just one week after inaugurating its new line.
Hydro-Québec and the Massachusetts Executive Office of Energy and Environmental Affairs both confirmed the news,…
Plans to expand the Port of Churchill in northern Manitoba and boost shipping through the Arctic have attracted interest from a major energy company, Premier Wab Kinew said Thursday.
Kinew wouldn’t name the company but said a lot of “leg work” has bee…
Canada’s big public pension funds are increasingly diverging on their approach to climate action, said an advocacy group in a report out Wednesday.
Shift: Action for Pension Wealth and Planet Health says in its annual ranking that Quebec’s La Caisse, …
U.S.-based Ovintiv Inc.’s bid to acquire NuVista Energy Ltd. has been approved by the shareholders of the Calgary-based company.
A news release from the companies says the transaction was approved by around 99 per cent of NuVista shareholders.
The …
Equinor has delayed a key progress target as it decides whether to proceed with its proposed Bay du Nord offshore oil project in Newfoundland and Labrador.
The Norwegian energy company said Tuesday that a status deadline — referred to as a “decision g…
The budding hydrogen sector in Atlantic Canada is welcoming a 200-million euro commitment from the European Union to support the production of renewable hydrogen and its derivatives in Canada.
The EU’s executive branch approved the money last week say…
British Columbia’s Energy Minister Adrian Dix says an agreement between BC Hydro and the Nisga’a First Nation will help power a planned floating LNG terminal in northwestern B.C. across the finish line.
Dix said the agreement, marked by the signing of…
Keyera Corp. says it has shut down its Alberta Envirofuels facility due to the failure of a key component.
The company says it initiated the unplanned outage earlier this month.
Due to the expected time to fabricate, deliver and install the replacemen…
A French firm and its partner in South Korea are eyeing plans to develop wind projects off Nova Scotia’s coast.
Affiliated companies Q Energy France and Hanwha Ocean said Wednesday they have jointly participated in an early phase of the Canada-Nova S…
Analysts at CIBC are forecasting a wider discount on Alberta heavy crude this year as U.S. plans to rebuild Venezuela’s ailing industry dominate headlines.
The bank estimates the differential between Western Canada Select, the heavy Alberta blend, an…
PetroChina Canada Ltd. has run into obstacles as it seeks to take full ownership of an Alberta pipeline system.
The Canadian arm of the Chinese state-owned energy giant has a half-interest in the Grand Rapids Pipeline, with Calgary-based South Bow Co…
Alberta Premier Danielle Smith is calling on Ottawa to further speed up its approval process for major projects, saying she wants to see applications green-lit within six months.
Prime Minister Mark Carney’s major projects office, established last yea…
Officials in charge of Yukon’s power grid say rotating blackouts are a “last resort,” and neighbourhoods in Whitehorse need to prepare to be part of the rotation should the territory’s grid be pushed to its limits again during a cold snap.
Yukon Ener…
Nova Scotia’s private electric utility is in no position to ask the public to pay more for power, say opposition parties and an affordable energy coalition.
Household income is stagnant, the utility’s power grid is unreliable, and public trust in the …
British Columbia Premier David Eby said Canada needs to “pivot” from talk of a potential new pipeline carrying oil bound for Asia and instead think about building a new refinery.
Eby said Tuesday that if tax dollars are being considered to build a pi…
A pair of energy forecasts released Tuesday see lacklustre crude oil prices continuing this year amid a global supply glut and natural gas prices picking up steam as more Canadian shipments make their way to Asia.
Consulting firm Deloitte expects Wes…
Prime Minister Mark Carney says his government is working to expand access to oil markets in Asia now that Canada faces the prospect of Venezuelan oil displacing Canadian product in the American market.
His remarks came after Conservative Leader Pierr…
Shares in Canada’s biggest oilsands producers came under pressure Monday after the U.S. military captured the Venezuelan leader and President Donald Trump announced plans to put that country’s oil industry into the hands of American companies.
Cenovu…
Alberta Premier Danielle Smith says the American capture of Venezuelan President Nicolás Maduro underlines the urgency of building oil pipelines to export Canadian oil to new markets.
U.S. President Donald Trump sent political shock waves around the w…
Two political scientists say U.S. President Donald Trump’s interest in transforming Venezuela’s oil-rich sector hasn’t created panic or shaken up Canada’s oil industry.
Heather Exner-Pirot, director of energy, natural resources and environment with th…
From labour strikes to bankruptcies to tariffs, it was yet another eventful year in Canadian business.
The TSX soared to new heights and deals were made and lost.
How well do you remember 2025? Take this business quiz to see how up-to-speed you are o…
Manitoba Premier Wab Kinew says he’s not going to fulfil a 2023 election campaign promise to regulate gas prices.
The promise, outlined in the New Democrats’ campaign platform, was to give the Public Utilities Board, which currently sets rates for ele…
The Nova Scotia government is working with Dalhousie University to issue a call for companies interested in exploring for onshore natural gas in the province.
The $30-million project will see the university conduct research and set qualification crit…
Baytex Energy Corp. is planning a capital budget of $550 million to $625 million for 2026.
The company says the spending comes as it looks to increase production by three to five per cent for the year.
Baytex says about 55 per cent of its exploration …
The chief executive of a U.S.-based carbon capture startup embarking on a project in Alberta’s oilsands says Canada ticks a lot of the boxes needed to bring the emissions-reducing technology into widespread use.
“Alberta specifically is a really grea…
Energy experts say U.S. oil producers will likely be the first to cut output should the global crude price continue to languish below US$60 per barrel, but their Canadian peers should be able to keep chugging along.
West Texas Intermediate, the key U…
Oil and gas giant Canadian Natural Resources Ltd. says it’s expecting a small increase in spending and production in 2026 as it looks toward future oilsands expansions.
The Calgary-based company says its capital budget for next year has been set at a…
The federal government is announcing new regulations to cut methane emissions from the oil and gas sector and landfills.
A federal document says the new rules, which expand on regulations introduced in 2018, strengthen leak detection and repair requir…
Imperial Oil Ltd. is predicting a modest boost in spending and upstream production next year compared with this year’s targets, while refinery throughput is forecast to fall.
The Calgary-based oil producer, refiner and retailer says it’s budgeting $2…
The prospect of building a new bitumen pipeline to the West Coast has garnered most of the attention since Ottawa and Alberta announced their sweeping energy accord late last month, but another item has left environmentalists dismayed and energy indus…
Economists are expecting Statistics Canada’s consumer price index report for November, slated to be released on Monday, to show the annual inflation rate moved slightly higher from the prior month.
A Reuters poll on Friday showed the consensus among …
Cenovus Energy Inc. says it expects its capital spending for 2026 to total between $5.0 billion and $5.3 billion.
The oilsands giant says the total includes about $350 million of capitalized turnaround costs. Excluding turnaround costs, capital spendi…
Trans Mountain has paid a regulatory fine for environmental lapses along its British Columbia pipeline route in the aftermath of a January 2024 storm.
The $196,000 fine is the largest cumulative penalty of its kind issued by the Canada Energy Regulato…
This story was supported by the Pulitzer Center.
—
I. THE WARNING
The ancestors knew.
First Nation elders understood the south would march north eventually. They knew it would come in waves, sometimes slow, sometimes fast. Those ancestors told their k…
This story was supported by the Pulitzer Center.
—
The fumes coming through the walls of Neskantaga First Nation’s nursing station warned of a crisis with a familiar smell.
Diesel wafted from the flooded basement, a stench so strong it made people si…
Capital Power Corp. has announced agreements to pursue U.S. natural gas power acquisitions and to supply electricity to a data centre developer in Alberta.
The Edmonton-based power generator said Wednesday it has reached a memorandum of understanding…
Half of Canadians are in favour of building a new bitumen pipeline between Alberta and B.C., while fewer than one in five outright oppose it, a new poll suggests.
The Leger poll, which was conducted online and can’t be assigned a margin of error, sugg…
Natural Resources Minister Tim Hodgson says a Conservative motion declaring support for a pipeline is a cynical ploy designed to divide MPs.
The House of Commons is set to vote later today on a motion that says MPs support construction of a pipeline t…
TransAlta Corp. has signed a deal with Puget Sound Energy Inc. to convert a coal-fired power plant in Washington state to natural gas power generation.
The power utility says it will need to spend about US$600 million to extend the useful life of the …
A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push north of the border to do the same.
U.S. Energy Secretary Chris Wright requested …
A British Columbia Liberal MP says Prime Minister Mark Carney “will have to answer” why he reversed a budget commitment on tax credits when he signed the Alberta pipeline deal.
The memorandum of understanding between Ottawa and Alberta extends federal…
Gas price cuts that were set to come into effect in New Brunswick on Monday have been cancelled by the province’s energy and utilities board.
Premier Susan Holt had campaigned in the 2024 election to eliminate the portion of the carbon adjuster tax o…
For some First Nations leaders, the prospect of conflict with provincial and federal governments over plans to send another pipeline to the B.C. coast brings back vivid memories of years past.
For many First Nations youth, it’s a whole new call to act…
Enbridge Inc. is raising its dividend and targeting a four per cent bump in earnings and cash flow next year, along with $10 billion in growth spending.
“We are forecasting another year of steady and predictable growth driven by new projects entering …
Analysts at CIBC Capital Markets say they don’t expect the private sector to take the lead on a new West Coast oilsands pipeline so long as the British Columbia government and First Nations are opposed.
They write in a report that companies would hav…
Heritage Minister Marc Miller says his government needs to “sit down and start working now” on consultation with Indigenous communities and stakeholders about a possible new pipeline in B.C.
“The work starts now. It should have started yesterday. We …
British Columbia’s energy minister says a vote from chiefs at the Assembly of First Nations gathering in Ottawa to uphold the oil tanker ban is more support for the provincial argument that there are better alternatives than a northern coast pipeline….
The Ontario and federal governments, along with an energy company, have announced that they are setting up a research Centre for Fusion Energy in the province.
The federal government, through Atomic Energy of Canada Ltd., is spending up to $33 million…
Manitoba is renewing its call for a national electricity grid that would move more power between provinces and territories and help the province’s exports.
Premier Wab Kinew says it’s a good time to build domestic energy transmission in an era of econ…
Alberta’s watershed pipeline deal with Ottawa wasn’t front and centre Friday when Premier Danielle Smith spoke with United Conservative Party faithful at their annual convention.
Smith took the stage in Edmonton for the first of many addresses planned…
Pipeline operator Trans Mountain Corp. says it earned a profit in its latest quarter compared with a loss a year ago as its utilization rate and revenue rose compared with last year.
The Crown-owned pipeline company says it earned $127 million for the…
Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a memorandum of understanding Thursday to grow Alberta’s oil exports while also committing to making it a world leader in green energy technology.
Here are five takeaways from the …
Federal Energy and Natural Resources Minister Tim Hodgson says it’s “premature” for anyone to draw conclusions regarding the potential removal, or adjustment, of the West Coast tanker ban, since no pipeline route has been mapped out to bring oil from …
British Columbia Premier David Eby says a proposed northern pipeline that is the subject of a memorandum of understanding between Alberta and the federal government is a distraction that has already resulted in the loss of another investment opportuni…
Prime Minister Mark Carney and Alberta Premier Danielle Smith signed Thursday a memorandum of understanding that includes shared goals on green technology and a new oil pipeline to the West Coast to reach groundbreaking markets in Asia. It also opens …
Falling oil prices and trade troubles continue to threaten Alberta’s finances, but the province’s deficit is expected to shrink only slightly.
It has been pegged at $6.4 billion, down $40 million from a projected $6.5 billion this summer.
The latest u…
A report commissioned by British Columbia’s government says its pursuit of new natural gas projects “threatens to set back progress” reducing greenhouse emissions, with B.C. set to fail its 2030 target.
The independent report reviewing B.C.’s climate …
British Columbia’s energy minister says political talk of a pipeline from Alberta to the Pacific isn’t the way to do business and leaks through the media should not be considered the government’s way of engaging with First Nations over such a project….
Prime Minister Mark Carney is expected to unveil an agreement with Alberta Thursday which could clear the way for a new oil pipeline in exchange for stronger environmental regulations, while also walking back some of Ottawa’s climate policies.
Alberta…
An oil and gas service industry group predicts lacklustre prices for those resources will weigh on spending and activity next year, but the prospect of new export infrastructure gives reason for optimism ahead.
Enserva says in its annual State of the …
Alberta Premier Danielle Smith is urging Ottawa to terminate the West Coast oil tanker ban as the federal government prepares to unveil the details of a new energy pact it has been negotiating with the province.
Here’s what you need to know about the …
The chief executive of oilsands giant Cenovus Energy Inc. says moves to reduce costs after acquiring MEG Energy Corp. will ensure long-term jobs stay with the company.
Jon McKenzie was asked by reporters in St. John’s about expected layoffs now that t…
The chief executive of Cenovus Energy says it feels like a “new day” for the oil and gas sector as Canada appears willing to shift its stance on emissions regulations.
Jon McKenzie told reporters in St. John’s today he feels a change in attitude towar…
Energy and Natural Resources Minister Tim Hodgson is set to brief B.C. Liberal MPs today on the government’s expected energy deal with the province of Alberta.
The move comes after B.C. Liberal MPs last week said any deal involving a pipeline to the W…
A new oilsands pipeline to the northern B.C. coast is a non-starter as long as oil tankers are forbidden there, but experts say a removal of the federal ban would only lift one of many obstacles deterring the private sector from such a project.
Media …
Quebec is beginning consultations at the provincial legislature on whether to revise its greenhouse gas emission reduction target.
The province committed to reducing its annual emissions by 37.5 per cent below 1990 levels by 2030 in the wake of the 20…
This year’s Saskatchewan budget is sinking deeper into the red, mainly due to the cost of fighting the summer’s wildfires.
Finance Minister Jim Reiter, in a midterm update on the budget, says the projected year-end deficit is expected to be $427 milli…
Energy and Natural Resources Minister Tim Hodgson said on Monday the government is getting close to being able to provide clarity on whether Ottawa would repeal the West Coast oil tanker ban.
Hodgson made the remarks while appearing before the House o…
British Columbia Premier David Eby says he told Prime Minister Mark Carney “how unacceptable” it was for Alberta and Saskatchewan to talk with the federal government about a potential pipeline without input from his province.
Eby says such treatment …
Prime Minister Mark Carney says Ottawa and South Africa have agreed to launch discussions for an investment-protection pact, focused on clean energy and minerals.
Carney is at the G20 summit in Johannesburg, where he says Canada wants to get more priv…
The head of AtkinsRéalis Group Inc.’s Canadian division is expressing optimism that Quebec would be receptive to a new pipeline through a province that staunchly opposed the now-defunct Energy East proposal about a decade ago.
“The mentality is cha…
As Prime Minister Mark Carney heads to Johannesburg for the G20 summit, Canada and South Africa are talking about a deal to boost bilateral trade and investment that could see more South African wine on Canadian shelves in exchange for gas exports.
“W…
Saskatchewan Premier Scott Moe says he’s hopeful the federal government and Alberta can make progress on getting a pipeline built and allowing some tanker traffic on the northern B.C. coast.
Moe says the measures would support Saskatchewan’s goal of e…
Prime Minister Mark Carney on Tuesday defended making a commitment to carbon emission targets to get the government’s spending plan over the finish line.
Carney told reporters before the weekly cabinet meeting in Ottawa that he was “very pleased” his …
TransAlta Corp. has signed a deal to buy Far North Power Corp. and its four natural gas-fired power plants in Ontario for $95 million.
The power utility is buying the assets from an affiliate of Hut 8 Corp. and Macquarie Equipment Finance Ltd.
The pla…
Canacol Energy Ltd. says it’s seeking court protection from creditors to allow for a restructuring of the company.
The natural gas company says it’s seeking an order for creditor protection from the Court of King’s Bench of Alberta under the Companies…
Cheaper prices at the gas pumps and grocery store helped bring down inflation in October, Statistics Canada said Monday.
The annual rate of inflation cooled to 2.2 per cent in October — a tick higher than economists’ expectations but down from 2.4 per…
Amid the sprawling canola fields, white spruce and jack pine trees, fireweed and goldenrods of northern Alberta, Pat McNamara is having a case of nuclear déjà vu.
Two decades ago, he lived in Port Hope, Ont., northeast of Toronto, in a community deali…
British Columbia Premier David Eby used his appearance at the convention of British Columbia’s New Democrats to highlight several resource projects, while saying that the federal ban on tankers off B.C.’s northern coast is here to stay.
Eby promised S…
Prime Minister Mark Carney has revealed the second batch of potentially “nation-building” infrastructure projects to be reviewed on expedited timelines, making good on his promise to make the announcement before the Grey Cup football championship this…
The Ksi Lisims LNG facility in northern British Columbia and the North Coast Transmission Line that is planned to power it are among major projects that Prime Minister Mark Carney says will be reviewed for fast-track permitting and approval.
Here are …
South Bow Corp. aims to gradually return its Keystone pipeline to normal operations next year, as the system continues to run at reduced pressure following an April spill in North Dakota.
Chief operating officer Richard Prior says the company has see…
Manufacturing sales rose 3.3 per cent to $72.1 billion in September, their highest level since February, boosted by strength in the auto and energy industries, Statistics Canada says.
The agency said Friday the increase came as sales rose in 14 of the…
South Bow Corp. reported net income of US$93 million in its third quarter, up from $61 million during the same period a year earlier.
The Calgary-based pipeline operator says its earnings amounted to 45 cents US per share in the quarter ending Sept. …
Enbridge Inc. has announced plans to spend US$1.4 billion to increase its capacity to ship Canadian heavy oil to the United States.
The company says it has reached a final investment decision to add capacity on its Mainline network and its Flanagan So…
The Canadian Association of Petroleum Producers is applauding Ottawa’s latest list of major projects after another liquefied natural gas project made the cut.
On Thursday, Prime Minister Mark Carney identified the second tranche of projects his govern…
After an initial round of referrals to the new Major Projects Office that saw no Indigenous-led projects chosen, the second list of referrals includes some with Indigenous support, ownership or backing — including a liquefied natural gas project.
The …
Oilsands giant Cenovus Energy Inc. has completed its takeover of MEG Energy Corp.
The two companies had neighbouring properties in the oilsands at Christina Lake, south of Fort McMurray, Alta.
With the purchase, Cenovus gets another 110,000 barrels …
The Crawford Nickel Project in Ontario and a hydroelectric project in Nunavut are expected to be added to Canada’s major projects list.
Prime Minister Mark Carney will be in Terrace, B.C., Thursday to announce the next batch of major projects the gove…
An executive with natural gas shipper and processor Pembina Pipeline Corp. says recent consolidation among Canadian producers could accelerate projects and benefit its bottom line.
Chief operating officer Jaret Sprott told an investor conference call…
Finance Minister François-Philippe Champagne says his goal is to help make Canada the NATO partner of choice when it comes to supplying critical minerals.
He says refining is the “name of the game” and Canada can do better than just shipping those hi…
A spokesperson for the Vancouver Fraser Port Authority says plans to dredge Burrard Inlet remain in the preliminary stage with no costs currently attached to them.
But the authority, which is leading the dredging, also says that the work could start …
TC Energy Corp. sees rising energy demand and profit growth in the years ahead as data centres and gas exports rise, but says the higher demand is also making projects more complex.
The company says in its latest financial outlook that it sees earning…
Prime Minister Mark Carney came close to telling a Bay Street audience Friday that he will secure a new pipeline for Alberta, offering his strongest endorsement of the idea yet.
During an armchair talk at the Canadian Club Toronto, Carney told the aud…
Canadian climate negotiators are headed to Brazil for the next two weeks as leaders gather for annual United Nations climate talks.
The talks come as Prime Minister Mark Carney, whose credentials as an international climate advocate helped win him su…
Enbridge Inc. reported its third-quarter profit fell compared with a year ago as its revenue also edged lower.
The pipeline company says it earned $682 million attributable to common shareholders or 30 cents per share for the quarter ended Sept. 30.
T…
Ensign Energy Services Inc. reported a loss in its latest quarter, compared with a profit a year ago, as its revenue fell five per cent.
The oilfield services company posted a $3.3-million loss attributable to common shareholders or two cents per dilu…
As Prime Minister Mark Carney’s government moves to spend billions more on tax credits to support carbon-capture and storage projects, Canada’s environment commissioner says the money already earmarked has not been spent effectively.
A new audit repor…
Pembina Pipeline Corp. posted a profit of $286 million during the third quarter, a drop from the $385 million it earned during the same period a year earlier.
The profit amounted to 43 cents per share versus 60 cents per share during the third quarte…
British Columbia Premier David Eby and coastal First Nations have signed a declaration calling on the federal government to maintain an oil tanker ban off the province’s north coast.
Eby says one oil spill in the area would destroy billions of dollars…
Canadian Natural Resources Ltd. reported a third-quarter profit of $600 million as it saw record production.
The company says production in the quarter was 1,620,261 barrels of oil equivalent per day, up from 1,363,086 in the same quarter last year.
C…
Pembina Pipeline Corp. says Malaysia’s Petronas has signed a 20-year deal for one million tonnes per year of liquefaction capacity at the Cedar LNG project.
The deal gives Petronas, one of the largest natural gas producers in Canada, access to the pla…
Shares in Suncor Energy Inc. rose almost six per cent after the oil giant increased its production and refinery throughput forecasts for the year and delivered better-than-expected third-quarter results.
The stock was up $3.29 to $58.94 in midday tra…
A major projects expert says the federal budget is more of a tone shift on the oil and gas sector than firm changes in policy.
Zach Parston, KPMG in Canada’s leader in national infrastructure, capital projects, and sustainability, says the budget ackn…
Oilsands giant Suncor Energy Inc. has reported a decline in third-quarter profits amid weak oil prices, while production and refinery throughput hit new records.
Net earnings were $1.62 billion during the three months ended Sept. 30, down from $2.02 …
Sunoco LP has completed its acquisition of Parkland Corp.
The companies say the cash-and-stock deal, valued at US$9.1 billion including assumed debt when it was announced in May, closed on Friday.
Parkland shares are expected to be delisted from the …
Oil and gas giant Canadian Natural Resources Ltd. has boosted its production forecast for the year after it gained full ownership of a major oilsands mine through an asset-swap deal with Shell Canada Ltd.
The deal announced in January saw Canadian Na…
Five things to watch for in the Canadian business world in the coming week:
Trade
The U.S. Supreme Court will hear arguments this week from businesses and states that say President Donald Trump’s use of a national security statute to justify his tarif…
British Columbia Finance Minister Brenda Bailey said she would look into a plan by BC Assessment that would cut the taxable value of pipelines and other projects in a move that has angered some local officials who fear a funding shortfall.
Director Da…
Imperial Oil Ltd. reported its third-quarter profit fell compared with a year ago even as its Kearl oilsands operations saw record production.
The company says it earned $539 million or $1.07 per diluted share for the quarter ended Sept. 30 compared w…
Cenovus Energy Inc. reported a third-quarter profit $1.29 billion, up from $820 million a year ago, as it saw record production.
The company says its profit amounted to 72 cents per diluted share for the quarter ended Sept. 30, up from 42 cents per di…
The Canadian Centre for Cyber Security warns that hacktivists have been tampering with online systems that control water, energy and agricultural facilities.
An alert sent to information security officers says the Cyber Centre and the RCMP have receiv…
The chairman of MEG Energy Corp. has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc. to address an unspecified regulatory matter.
The meeting had been set for 9 a.m. local time Thursday, but is now to resume at 2 p.m.
“My …
Nuclear power one day coming to Alberta is an exciting prospect for Capital Power Corp., but its chief executive says it’s too soon for the electricity generator to contemplate any meaningful investment in the idea.
“We’re exploring it with best-in-c…
Federal Energy Minister Tim Hodgson announced millions of dollars for clean tech projects on Wednesday, ahead of the G7 ministerial meetings in Toronto starting Thursday.
Delivering the keynote address to the International Energy Agency Energy Innovat…
Few are as acquainted with Canada’s graveyard of defunct oil pipelines as Alex Pourbaix, a former executive at the company behind the Keystone XL and Energy East proposals.
“You can see the scars on my back,” he quipped at a news conference earlier t…
Environment advocates say the federal government’s consultations ahead of the release of its climate competitiveness strategy next week have focused in part on making industrial carbon pricing a cornerstone of the new plan.
Two senior officials at nat…
Some of Canada’s allies are praising Ottawa’s work on preventing Russia from smuggling oil through concealed ships — ships that Ottawa fears could someday unleash an environmental cataclysm in the Arctic.
Canada and its allies have blacklisted more th…
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed Monday that the investment manager for the Canada Pensi…
Parkland Corp. reported a third-quarter profit of $129 million, up from $91 million a year ago, as it prepared to complete its deal to be acquired by U.S. company Sunoco.
The Calgary-based company says its profit amounted to 73 cents per diluted share…
Five things to watch for in the Canadian business world in the coming week:
Bank of Canada
The Bank of Canada is expected to make an interest rate announcement and release its fall monetary policy report on Wednesday. Most economists expect the centra…
Prime Minister Mark Carney is pitching Canada as a reliable partner for Southeast Asia, one that’s committed to rules-based trade at a time when U.S. President Donald Trump is rewriting global trade norms.
He’s heading to the Association of Southeast…
Two British Columbia First Nations are taking the federal government to court to quash a decision approving the Ksi Lisims floating natural-gas facility and marine export terminal.
The Lax Kw’alaams Band and the Metlakatla First Nation filed separate…
Alberta Premier Danielle Smith reiterated her province’s commitment to becoming a carbon neutral economy by 2050 at a parliamentary committee on Thursday, where MPs are studying Canada’s emissions reduction plan for the end of this decade.
Her virtual…
Canada’s main stock index closed more than 200 points higher and U.S. markets all saw a lift on Thursday thanks to strength in energy, metals and tech.
The S&P/TSX composite index finished up 203.30 points at 30,186.28.
In New York, the Dow Jones ind…
Building up port infrastructure and exporting more resources like the critical minerals in Ontario’s Ring of Fire are key parts of Ottawa’s plans to double non-U.S. exports, Prime Minister Mark Carney said Thursday.
“Part of those strategies that are …
Whitecap Resources Inc. raised its production guidance as it said it earned $204.2 million in latest third quarter, down from $274.2 million during same period last year.
The company, which combined operations with Veren Inc. earlier this year, says …
Mullen Group Ltd. reported its third-quarter profit fell compared with a year ago as acquisitions helped boost its revenue.
The trucking and logistics company says it earned $33.2 million or 36 cents per diluted share for the quarter ended Sept. 30.
T…
Nova Scotia Premier Tim Houston shuffled his cabinet on Tuesday in a ceremony closed to the media, dropping three members who oversaw the departments of justice, energy and natural resources.
In a news release, the premier said he will take over the e…
Five things to watch for in the Canadian business world in the coming week:
Bank of Canada
The Bank of Canada is expected to release its business outlook survey and its Canadian survey of consumer expectations on Monday. The central bank cut its polic…
The CEO of a Montreal-based company that uses satellites to monitor methane emissions says interest in his technology continues to reach new heights, even as governments appear to be wavering on their climate commitments.
Since 2016, Stéphane Germain…
Trans Mountain is facing $292,000 in regulatory fines for alleged environmental issues in January 2024 along a stretch of its British Columbia pipeline expansion route hit by a major rainstorm.
The Canada Energy Regulator posted four penalties dated …
An investment firm is asking the Alberta Securities Commission to investigate Cenovus Energy Inc.’s sweetened takeover offer for MEG Energy Corp., alleging it undermines what should be a fair contest.
Cole Smead, CEO and co-founder of Smead Capital M…
Lifting the oil tanker ban off British Columbia’s North Coast for a nonexistent pipeline from Alberta would endanger billions in other real investments that Premier David Eby says will need the support of coastal First Nations.
Eby says he’s asking t…
U.S. fuel distributor Sunoco LP’s proposed takeover of Calgary-based fuel retailer and refiner Parkland Corp. has cleared a key regulatory milestone with Ottawa’s approval under the Investment Canada Act.
The transaction is expected to close in the f…
Cenovus Energy Inc. says it has acquired an 8.5 per cent stake in MEG Energy Corp.
The company, which has made a friendly takeover offer for MEG, says it acquired the 21,723,540 shares since Oct. 8 when it increased its bid.
The announcement follows …
Prime Minister Mark Carney says the fate of the emissions cap on oil and gas producers depends on other efforts to lower emissions.
Carney’s comment, coming in response to a question from a reporter at an event in Ottawa today, appears to be a shift f…
Strathcona Resources Ltd. has ended its hostile takeover pursuit of MEG Energy Corp.
The move comes two days after Cenovus Energy Inc. sweetened its friendly offer for MEG, its neighbour in Alberta’s oilsands.
Strathcona says the conditions of its of…
Alberta’s government says Ottawa is dodging responsibility by not standing behind a proposed pipeline project to the B.C. coast.
Premier Danielle Smith’s office says the decision to build a pipeline lies solely with Prime Minister Mark Carney and the …
The head of Canada’s new Major Projects Office and her staff sidestepped MPs’ questions Thursday about whether she has special powers to skirt the West Coast tanker ban.
Dawn Farrell was hired earlier this year as the CEO of the new office, which has …
British Columbia’s Energy Minister Adrian Dix has dismissed the latest push by Alberta’s premier for an oil pipeline to the West Coast, saying the “definition of being Canadian isn’t to agree with everything Danielle Smith says.”
Smith, who’s in Ottaw…
Alberta Premier Danielle Smith is in Ottawa this week, following up on her now week-old pledge to help fund the development of a proposal for a new oil pipeline to Canada’s West Coast.
Smith is hopeful the project — which as of yet has no private sect…
Precision Drilling Corp. says chief financial officer Carey Ford has been promoted to president and chief executive of the company.
Ford replaces Kevin Neveu, who has retired after serving as president and chief executive since 2007.
The Calgary-based…
Engineer Jashan Bains is the first to spot a black dorsal fin cutting through the water.
“Whale, one o’clock,” he says.
It’s a September morning on board the Hecate Sentinel, a 20-metre long skimming vessel, one of eight ships the Western Canada Marin…
Analysts at CIBC say they’re doubtful Alberta Premier Danielle Smith’s plan to spur development of a West Coast bitumen pipeline will succeed.
They say in a report that they applaud the effort and are open to the possibility of such a project going a…
Federal Energy Minister Tim Hodgson says it’s too early to say whether a liquefied natural gas facility pitched for Quebec meets the bar of being in the national interest.
“My sense is this is not a project that is at a scale where we need to be looki…
Senior federal officials touted a proposed liquefied natural gas facility in Quebec as having the potential to export “substantial volumes” of LNG to Europe, documents show.
The revelation appears in a federal briefing note prepared in May after Marin…
The head of a group representing First Nations along British Columbia’s coast says they will not support a new pipeline proposed by Alberta and nothing can be done to change that.
Marilyn Slett, chief councillor of the Heiltsuk Tribal Council and pre…
MEG Energy Corp. says a second major independent proxy advisory firm has recommended its shareholders back a takeover offer for the company by Cenovus Energy Inc.
The company says Glass, Lewis & Co. has issued a report recommending shareholders vote …
Imperial Oil’s plans to cut 20 per cent of its workforce by the end of 2027 comes as part of a wider trend of industry job cuts as producers look to boost efficiencies amid lower oil prices and the availability of new technology.
The company says the …
A hereditary Chief with the Gitxsan Nation has filed a legal challenge against the British Columbia government’s decision to allow a liquefied natural gas pipeline project to proceed through its “untouched” territory without proper consultation.
The …
A decade after Prime Minister Mark Carney delivered a famous speech about the financial risks associated with climate change, global organizations called for financial system reforms in an open letter on Monday.
The letter signed by Canadian, European…
The Nova Scotia government has tabled a bill that sets up the framework for developing offshore energy.
The bill introduced Friday, entitled “Powering the Offshore Act,” makes changes that would allow for energy produced by offshore wind to be purchas…
Five things to watch for in the Canadian business world in the coming week:
Hudson’s Bay
The collapsed retailer is expected to ask an Ontario court on Monday to allow it to hold an auction for the royal charter that formed the business in 1670. If the…
The Canadian economy grew in July but any momentum may have been short lived, Statistics Canada said Friday.
Real gross domestic product grew 0.2 per cent in July, marking the first signs of growth in four months. Real GDP declined 1.6 per cent on an …
Proxy advisory firm Institutional Shareholder Services is recommending “cautionary support” for MEG Energy’s plan to be acquired by oilsands giant Cenovus Energy.
ISS says in a report that shareholders in MEG find themselves in a dilemma because the …
MPs returned to the House of Commons earlier this month to confront an old problem — inflation — which is now being driven by new forces.
Many consumers are still reeling from the decades-high inflation levels seen in the post-pandemic recovery period…
More than 250 elected officials across Canada have signed onto a campaign calling on the federal government to prioritize major infrastructure projects that help in the fight against climate change.
Calling themselves the Elbows Up for Climate coaliti…
The Nova Scotia government is introducing a bill it says would eliminate red tape and encourage business activity, particularly in the natural resources sector.
Tim Halman, who serves as both Minister of Service Efficiency and Environment, introduced…
The Canada Pension Plan Investment Board has signed a deal to buy a 13 per cent indirect equity interest in Sempra Infrastructure Partners from Sempra for about US$3 billion.
Sempra Infrastructure develops, owns, and operates natural gas pipelines, po…
Parkland Corp. and Sunoco LP say they have cleared a key U.S. antitrust hurdle in a US$9.1-billion deal that would see the U.S. fuel distribution giant buy the Calgary-based refiner and retailer.
The two companies say the waiting period has expired u…
Workforce housing company Black Diamond Group Ltd. has signed a deal to buy Royal Camp Services Ltd. for $165 million.
Royal Camp offers remote accommodation and catering in Western Canada.
Summit Camps, a wholly owned subsidiary, provides camp servic…
Canada and other major fossil fuel-producing countries are derailing the world’s chance to hit key targets to rein in climate change, a new international report suggests, with 2030 production levels expected to be more than double what would be compat…
Canada’s big banks financed about US$145 billion in fossil fuel investments last year, compared with about US$75 billion to low-carbon energy, said a report released Thursday.
The report by energy transition research firm BloombergNEF focuses on the r…
Cenovus Energy Inc. says its cash-and-stock bid for MEG Energy Corp. offers a premium valuation and certainty over a rival all-stock offer for the oilsands company by Strathcona Resources Ltd.
In a presentation advocating for its friendly deal, Cenov…
A group representing the energy adviser profession says it’s deeply concerned about the sudden closure of applications for the federal Canada Greener Homes Loan program.
Homeowners had been able to borrow up to $40,000 interest-free for certain renov…
Tamarack Valley Energy Ltd. has signed a deal to sell a group of non-core assets in eastern Alberta to a private company for $112 million.
The assets in the Veteran Consort and Eyehill areas produce approximately 4,000 barrels of oil equivalent per da…
Canada’s short-term targets for reducing its emissions are now out of reach after emission levels remained unchanged last year, and recent federal policies have set back Canada’s progress, Canada’s leading climate policy research organization says in …
The Alberta government says it will maintain a frozen industrial carbon tax price for 2026, putting the province at odds with federal rules.
Premier Danielle Smith announced the freeze in May, saying Alberta’s price would stay at $95 per tonne of emis…
Federal Energy Minister Tim Hodgson is hailing streamlined approval of a massive floating liquefied natural gas export facility off British Columbia’s coast, saying it represents one of the largest private sector investments in Canadian history.
Hodgs…
The Quebec government’s aggressive push to electrify its school bus fleet — while giving one local manufacturer a virtual monopoly — could now be turning school bus operators off electric vehicles and delaying the transition, critics say.
The abrupt …
The British Columbia and federal governments have announced their support for a massive LNG export facility floating in waters off the province’s northwest, despite opposition from some First Nations and environmentalists.
A B.C. environmental assessm…
Oilsands developer MEG Energy Corp.’s board of directors is urging shareholders to reject a sweetened hostile bid from Strathcona Resources Ltd., deeming it inferior to the lower — but more cash-heavy — friendly offer from industry heavyweight Cenovus…
The federal government is in discussions with Alberta and the oil industry about the future of the sector’s emissions cap, Energy Minister Tim Hodgson said Friday.
At a news conference in Winnipeg, Hodgson said both the province and industry agree wit…
Alberta’s premier says she sees promising signs in the first batch of projects announced under Ottawa’s new fast-tracked approval process.
But environmentalists say the inclusion of liquefied natural gas locks Canada into a high-carbon future.
Prime M…
Prime Minister Mark Carney will today unveil his government’s list of candidates for major projects that could get fast-track approval as he pushes to spur investment and grow the economy.
Bill C-5, which moved through Parliament at lightning speed in…
Alberta Premier Danielle Smith says her latest meeting with Prime Minister Mark Carney has inspired optimism and he is demonstrating a “real shift” from the previous Justin Trudeau-led Liberals.
Speaking in Edmonton, Smith says she found more common g…
Canada will be hosting G7 energy and environment ministers in Toronto next month.
The meeting takes place Oct. 30 to 31 and the agenda is broad, covering topics like wildfires and artificial intelligence.
Energy Minister Tim Hodgson and his peers are …
Alberta Premier Danielle Smith is expected to reiterate her policy demands face-to-face with Prime Minister Mark Carney Wednesday while he’s in Edmonton to meet with his Liberal caucus.
Smith, on her weekend call-in radio show, says she’s looking for …
Cenovus Energy Inc. has signed a deal to sell its 50 per cent stake in WRB Refining LP to its joint venture partner Phillips 66 for about $1.9 billion.
The WRB joint venture includes the Wood River Refinery in Illinois and the Borger Refinery in Texas…
The Alberta government is planning to create standards for releasing treated oilsands tailings into the environment.
Creating those standards is one of four new policy recommendations pitched by a government-appointed committee tasked over a year ago …
Ottawa’s one-stop shop for industry to pitch plans for large industrial construction projects will be headquartered in Calgary.
The Prime Minister’s Office provided details today about the major projects office which is part of its plan to get big nat…
Strathcona Resources Ltd. says it plans to expand its minority stake in MEG Energy Corp. after its bid for a hostile takeover of the company was spurned in favour of a friendly cash-and-stock purchase offer from Cenovus Energy Inc.
Strathcona says it …
The bad news for Alberta’s oil-reliant budget is set to get worse.
Finance Minister Nate Horner says softening oil prices mean this year’s projected budget deficit is expected to grow by $1.3 billion, and will now finish at $6.5 billion in the red whe…
Natural Resources Minister Tim Hodgson says the federal government’s new major projects office will launch this week, a key element in the Ottawa’s push to spur companies into building new large-scale infrastructure.
The Liberal government rushed its …
The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude oil to market until at least 2030 without the need for a whole new project being built from scratch.
Mark Maki says at the rate production ha…
Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects.
Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdevel…
Natural Resources Minister Tim Hodgson said he is “hopeful” that the government will start announcing major infrastructure project approvals in the fall.
In an interview with The Canadian Press, Hodgson said the federal government has been busy consul…
Canada must prepare for more seasons marked by severe drought, experts say as this summer’s bone-dry conditions tormented farmers, strained municipal water supply and fuelled one of the worst wildfire seasons on record.
Seventy-one per cent of the co…
A shareholder advocacy group has filed a greenwashing complaint with Alberta’s securities watchdog alleging Cenovus Inc., one of Canada’s biggest oilsands producers, and Enbridge Inc., the country’s biggest crude pipeline operator, have misled investo…
Two former Indigenous leaders on both sides of the debate over the Trans Mountain pipeline expansion say the federal government can’t ignore First Nations on future infrastructure projects it seeks to approve.
Their comments come as Prime Minister Mar…
The deficit forecast for Newfoundland and Labrador has been revised upward by almost 70 per cent, primarily due to a volatile oil market and a stronger Canadian dollar.
Finance Minister Siobhan Coady says the province’s revenues for the current fisca…
Statistics Canada says manufacturing sales edged up June and a smaller share of firms reported an impact from U.S. tariffs.
The agency said Friday that manufacturing sales in June rose 0.3 per cent to $68.5 billion, breaking a streak of four consecuti…
Ontario is taking a step toward planning new pipelines to bring Alberta oil and gas to the province for refining, issuing a request for proposals today for a feasibility study.
It follows a memorandum of understanding last month between Ontario, Alber…
Pipeline operator South Bow Corp. says it had a net income of US$96 million in its second quarter, up from US$88 million in the same quarter last year.
Calgary-based South Bow says earnings amounted to 46 cents per share in the quarter ending June 30,…
Suncor Energy Inc. managed to squeeze more oil out of its operations in the second quarter while also completing multiple major projects, but its earnings couldn’t escape lower global oil prices.
The oilsands producer posted a profit of $1.13 billion …
Parkland Corp. says its second-quarter net earnings were up as the fuel refiner prepares for a takeover by U.S. company Sunoco LP.
The Calgary-based company says net earnings for the period ending June 30 were $172 million, up from $70 million a year …
The head of Enbridge Inc. says he’s encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home.
“I’m optimistic about our ongoing conversation…
An insulation company has been fined $210,000 in the death of a worker who fell through a roof at an Alberta oilsands facility.
The province says the worker had been replacing a building’s metal roof near Mildred Lake, north of Edmonton, in 2023.
It s…
Canada’s economy contracted for a second straight month in May even as some sectors held up in the face of U.S. tariffs.
Real gross domestic product fell 0.1 per cent in May, Statistics Canada said Thursday, matching the decline in April.
The agency s…
TC Energy Corp. says it sees rising demand for natural gas pipelines in the future as it reported an increase in second-quarter profit from a year earlier, despite a complex macroeconomic backdrop.
The Calgary-based pipeline operator said Thursday tha…
The chief executive of Imperial Oil Ltd. says he is encouraged by discussions with the federal government regarding support for industry projects, as the company reported second-quarter results.
“When I think broadly about the outlook for future inve…
Cenovus Energy Inc. says it is “cautiously optimistic” about the federal government’s commitment to building new projects that aim to spearhead economic growth, but the company hopes to see Ottawa clear obstacles that lie in the way for the energy sec…
Oilsands producer MEG Energy Corp. says its profits fell during the second quarter compared with a year earlier.
Net earnings for the quarter came in at $67 million, or 26 cents per diluted share, compared with $136 million, or 50 cents per diluted s…
Precision Drilling Corp. says it had a net income of $16.5 million in its second quarter, down from $20.7 million in the same quarter last year.
The company says the profit amounted to $1.07 per diluted share for the quarter ended June 30, down from $…
British Columbia Premier David Eby says Canadian values will help the country “win this race” to deliver liquefied natural gas to Asian markets, even as U.S. President Donald Trump sets his sights on developing the industry in Alaska.
Eby told a news …
Canada’s main stock index finished higher to cap off trading on Tuesday, benefiting from a rise in oil prices, while U.S. markets moved lower.
The S&P/TSX composite index closed up 134.46 points at 27,539.88.
“It’s been a mixed day, following a very…
Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG Energy Corp., which has spurned an unsolicited offer from Strathcona Resources Ltd. and launched a formal review of alternative o…
Pembina Pipeline Corp. says it has reached a settlement with shippers on fees and revenue sharing for its Alliance pipeline.
The company says it expects the deal to reduce its revenue from the pipeline by $50 million per year over the next decade, whi…
Whitecap Resources Inc. says it’s made good progress toward integrating the people and assets it acquired through its combination with Veren Inc. this spring.
“We’ve seen plenty of early wins through the consolidation of corporate costs and our impro…
Whitecap Resources Inc., fresh off its $15-billion combination with Veren Inc., has reported higher revenues and oil and gas production in its latest quarterly results.
The Calgary-based oil and gas producer says net income was $310.6 million for the…
Environmental lawyers are asking Alberta’s ethics commissioner to investigate an energy regulator board member and adviser to Premier Danielle Smith for conflicts of interest.
The adviser, David Yager, also has his own oil and gas consulting company a…
Coastal First Nations in British Columbia have issued an open letter to Prime Minister Mark Carney, asking him to reject any new proposal for a crude oil pipeline to the northwest coast.
The move comes as Alberta Premier Danielle Smith pushes for a ne…
Prime Minister Mark Carney says he’ll update the premiers on the state of trade negotiations with the U.S. as they meet this morning in Ontario’s cottage country.
He says Canada-U.S. Trade Minister Dominic LeBlanc will be in Washington, D.C., over the…
HOUSTON (AP) — Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade.
Chevron said Friday that it completed its acquisition of Hess s…
The federal government is offering Canadian oil and gas drillers counter-tariff reprieve on the vast amounts of sand they import from the United States.
The sand is used in the hydraulic fracturing — or fracking — process to help free resources trapp…
The Competition Bureau says Schlumberger Ltd. has agreed to sell a subsidiary of ChampionX Corp. as part of its deal to buy the oilfield services company.
The competition regulator says Schlumberger’s acquisition of ChampionX would likely result in a …
BAGHDAD (AP) — An oil field in Iraq ‘s Dohuk province was set ablaze Tuesday after being struck by a drone.
It is the latest in a series of similar attacks launched recently against oil facilities in northern Iraq’s semi-autonomous Kurdish region. No …
Ottawa has announced details of $16 million it’s providing for energy projects in the Maritimes.
Federal Energy Minister Tim Hodgson said Friday the funds will go toward improvements to the electricity grid, carbon capture technologies and the expansi…
An environmental think tank is warning the federal government against repealing its electric vehicle mandate, instead suggesting that politicians should be helping to put more EVs on the road.
In a statement published Friday, Clean Energy Canada gave …
Alberta plans to hold public consultations this fall on adding nuclear power to the province’s energy mix, Premier Danielle Smith said Monday.
There have long been discussions about building reactors in Alberta — including ones that could power oilsa…
Ontario signed an agreement with Alberta to build infrastructure and energy corridors that include a possible railway to the mineral-rich Ring of Fire region, the premiers of both provinces announced on Monday.
Ontario Premier Doug Ford and Alberta Pr…
The premiers of Alberta and Ontario agreed Monday to a feasibility study of new pipelines and rail lines between provinces and pledged to increase interprovincial trade of alcohol and vehicles.
The agreements, laid out in two memorandums of understand…
The federal natural resources minister has announced $21.5 million in funding for five Alberta projects that aim to lower the cost of capturing and storing carbon dioxide emissions.
But Tim Hodgson had few details to share Friday about how talks are …
A new report from advisory firm Deloitte is forecasting a big jump in Alberta natural gas prices next year, with the country’s first West Coast export facility now up and running.
The Alberta benchmark AECO price is expected to average $2.20 per mmBT…
Five things to watch for in the Canadian business world in the coming week:
Stampede
The oilpatch is donning cowboy hats and boots this week for the Calgary Stampede. The annual gathering may be best known for its rodeo and pancake breakfasts, but it’…
A subsidiary of a Norwegian energy company wants to build a liquefied natural gas export project in Quebec.
Marinvest Energy Canada says there’s a strong business case for an LNG project in Quebec to export Canadian natural gas to Europe.
The compan…
The party tents are up, straw bales are scattered around sidewalks and the most crucial 10 days of the year are in full swing for one Calgary bar and restaurant operator.
The Calgary Stampede is a yearly celebration of western culture that kicks off …
Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Sylvan Lake gas processing facility to Parallax Energy Operating Inc. for $5.5 million.
The company says the facility is a non-core asset located in central Alberta.
Proceeds fr…
A tanker that is set to carry Canada’s first cargoes of liquefied natural gas across the Pacific to Asian markets has docked at LNG Canada’s berth in Kitimat, B.C.
The GasLog Glasgow is being loaded with LNG produced in B.C., a spokesperson for the p…
Pierre Poilievre has chosen one of the safest possible places to make his return to the House of Commons — but the rural Alberta riding he’s hoping to win in an August byelection could also be dangerous territory for the Conservative leader.
Damien Ku…
Canada’s first liquefied natural gas cargoes will soon arrive on Asian shores, a milestone touted — and doubted — as a boon for global emissions-cutting efforts.
“Cleaner energy around the world is what I think about when I think about LNG,” Shell Ca…
Five things to watch for in the Canadian business world in the coming week:
Canada Day
It is a start-and-stop week for Canadian business with the Canada Day holiday landing on a Tuesday this year. Markets will be closed for the country’s birthday par…
Parliament has passed controversial major projects legislation that Prime Minister Mark Carney says Canada needs to shore up its economy in the face of a trade war with the United States.
Bill C-5 gives the federal government sweeping new powers to sp…
A climate advocacy group says oil and gas representation on the boards of Canada’s big public pensions raise concerns about conflicts of interest.
Shift Action says in a new report that as of June 1, the boards of five of Canada’s largest public secto…
Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast.
Alberta Premier Danielle Smith has said she wants to see a pipeline running from her province to the Port of Prince Rupert, B.C., …
Fuel refiner and retailer Parkland Corp. says shareholders have voted in favour of its planned takeover by U.S. company Sunoco LP.
At a special meeting, shareholders also voted in support of the director nominees that Parkland’s management put forward…
A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government.
The review was first launched in 2018 a…
The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint due to the large volumes of crude that pass through it every day.
The U.S. military’s str…
The Competition Bureau says Canadian Natural Resources Ltd. has agreed to sell 75 per cent of its interest in its Seiu Lake natural gas processing plant to address competition concerns related to its proposed acquisition of Schlumberger N.V.’s (SLB) i…
Strathcona Resources Ltd. says MEG Energy Corp. has made errors and misleading statements in its justifications for rejecting its unsolicited takeover bid.
Last month, Strathcona made a cash-and-stock offer to buy all of the MEG shares it does not al…
A survey commissioned by the Canadian Association of Petroleum Producers shows oil and gas companies spent more than $14 billion procuring goods and services from Indigenous-affiliated businesses between 2021 and 2023.
Data science firm iTOTEM Analyt…
Cenovus Energy Inc. is facing questions over a well leak at a thermal facility in western Saskatchewan, where an area resident says some are concerned about their health.
Mylan Tootoosis of Poundmaker Cree Nation said Thursday the Rush Lake site in P…
The premiers of Alberta and Saskatchewan are repeating their calls for federal support for energy projects and the abandonment of some industry regulations.
Saskatchewan Premier Scott Moe and Alberta’s Danielle Smith say if Prime Minister Mark Carney …
Canadian banks were once again ranked as among the world’s top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record.
The Banking on Climate Chaos report by a coalition of environmental…
Saskatchewan Premier Scott Moe says he can truly get behind some of the statements Prime Minister Mark Carney has made about making Canada an energy superpower.
Moe says he can hardly be called a member of the “Liberal booster club” and it’s unusual …
After at least two Nova Scotia municipalities voted in favour of asking the provincial government to slow down on its uranium exploration plans, their offices received several-page-long letters from Premier Tim Houston saying the province needs the in…
Parkland Corp. says a pair of proxy advisory services are recommending shareholders vote in favour of a planned takeover by U.S. company Sunoco LP.
The company says Institutional Shareholder Services Inc. and Glass, Lewis & Co. are both endorsing the …
A group of Canadian premiers appear to be setting high expectations as they pursue negotiations with American governors to mitigate the impacts of United States-imposed tariffs on their economies.
Premiers from New Brunswick, Nova Scotia, Prince Edwar…
An analyst says a spike in crude prices driven by the latest Mideast turmoil could be a knee-jerk reaction that quickly subsides.
Enverus commodities expert Al Salazar says unless there is a sustained disruption in global crude oil supplies as a resu…
Prime Minister Mark Carney’s government is coming under fire for seeking to rush through a major piece of legislation that grants cabinet sweeping powers to quickly approve major projects.
Government House leader Steven MacKinnon put a motion on notic…
The Alberta government says it is considering letting oil companies inject wastewater deep underground as a way to manage the toxic tailings that are accumulating in the oilsands.
The idea is one of five policy recommendations being put forward by a g…
MEG Energy Corp. says it’s ramping up operations at its Christina Lake oilsands project after recent wildfires south of the operations.
The company says all personnel have returned to site and its connection to Alberta’s electric grid has been restore…
Newfoundland and Labrador is owed millions of dollars in fees from green energy companies, underlining growing doubts about whether promises of major projects and multi-billion dollar investments will pan out.
Six companies are vying to create new op…
WASHINGTON (AP) — The Environmental Protection Agency on Wednesday proposed repealing rules that limit greenhouse gas emissions from power plants fueled by coal and natural gas, an action that Administrator Lee Zeldin said would remove billions of dol…
Trigon Pacific Terminals is giving a green light to a new $750-million liquefied petroleum gas export facility in Prince Rupert, B.C.
Trigon chief executive Rob Booker says the company now needs the federal government to expedite the shovel-ready proj…
Former federal Conservative cabinet minister Rona Ambrose says the secessionist sentiment in Alberta is an unwelcome source of uncertainty for investors — but it could fizzle out quickly if Ottawa handles it right.
Ambrose, now deputy chair at TD Sec…
There’s no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting Countries said Tuesday.
Primary energy demand is fo…
BRUSSELS (AP) — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior official…
A report says new cleanup rules for renewable energy sites are hurting the competitiveness of Alberta’s industry.
Business Renewables Centre-Canada analyzed the reclamation security requirements for renewables in 27 jurisdictions and found Alberta’s a…
Keyera Corp. has reached an agreement to double the volume of liquefied petroleum gas it plans to export through a West Coast export facility being built by AltaGas Ltd.
AltaGas said in February that Keyera had contracted 12,500 barrels per day of ca…
Manitoba Premier Wab Kinew promoted his province Friday as the route for a future trade corridor, which could include a pipeline, in order to get goods from Western Canada to overseas markets.
“The politics are (that) something needs to get built in W…
Two leading environmental groups are giving a thumbs up to Nova Scotia’s ambitious plan to dramatically expand its fledgling offshore wind energy industry.
But both groups were quick to add caveats.
On Monday, Premier Tim Houston said the province’s p…
Prime Minister Mark Carney’s government introduced legislation Friday that would grant it new powers to quickly push forward major projects the federal cabinet deems to be in the national interest.
Intergovernmental Affairs Minister Dominic LeBlanc ta…
Five things to watch for in the Canadian business world in the coming week:
Global Energy Show
The Global Energy Show kicks off on Tuesday in Calgary with people from 100 countries expected to attend the conference that will include a keynote address …
A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP.
Engine Capital owns 2.5 per cent of Parkland’s shares, making it one of the Calgary-based company’s bigg…
The Competition Bureau has released its final anti-greenwashing guidelines after considering more than 400 responses to the legislation that took effect about a year ago.
“While a lot of the feedback in the submissions is reflected in the final guida…
More than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada’s oilpatch next week for the Global Energy Show, which is to kick off with a keynote address from the head of the Organization of the Petroleum Expo…
The British Columbia government says a decade-old environmental assessment certificate remains valid for the construction of a natural gas pipeline in northern B.C., in a decision opposed by the province’s Green Party and environmental groups.
The Env…
Vermilion Energy Inc. has signed an agreement to sell its assets in the U.S. for $120 million in cash.
The company says the deal includes about 5,500 barrels of oil equivalent per day of production and about 10 million barrels of oil equivalent of pro…
WASHINGTON (AP) — Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company.
The investment with Meta will also expand the output of a Constellat…
Ontario Premier Doug Ford said Monday’s gathering of the country’s premiers to talk over nation-building projects with Prime Minister Mark Carney was the “best” they have had in the last decade.
The comments amount to a lightly veiled jab at former pr…
Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower.
Carney, in his first visit to Calgary since being sworn in as prime min…
Cenovus Energy Inc. says only essential personnel are at its Christina Lake oilsands operations where it has shut production due to the wildfires in northern Alberta.
The company says it began the work to shut in production at Christina Lake on May 29…
Ontario and Saskatchewan signed an agreement Sunday to remove trade barriers ahead of a meeting with Prime Minister Mark Carney to hash out a plan they hope will supercharge the economy.
The memorandum of understanding sees both provinces mutually re…
The CEO of Crown-owned pipeline operator Trans Mountain Corp. says it could take on other market-expanding pipeline projects if necessary, but that it would be preferable for the private sector to take the lead.
Trade tumult in recent months with the…
Canada Pension Plan Investment Board says it and Encino Energy are selling their holdings in an Ohio oil and gas producer for US$5.6 billion including debt.
CPP Investments says EOG Resources is the buyer of Encino Acquisition Partners, which CPP Inve…
A new report says the annual levy charged to Alberta oil companies to fund the cleanup of orphaned oil and gas wells remains too low to clear the backlog or keep up with the rate of surrendering.
The report, written by former University of Calgary Pub…
A representative for the Nova Scotia Assembly of Mi’kmaw Chiefs says the provincial government needs to do a better job of consultation as it seeks to develop the province’s natural resources.
Chief Tamara Young, of Pictou Landing First Nation, told a…
The federal government moved on Tuesday to purge consumer carbon pricing from law, effectively putting an end to what was once the keystone of the Liberals’ climate policy.
In a notice of motion tabled in the House of Commons, the government signalled…
Alberta’s energy regulator has fined a company $456,000 for submitting false or misleading information in its applications for reclamation approval.
The regulator says CEPro Energy and Environmental Services submitted five certificate applications in …
The New Brunswick government has announced a three-person team who will lead a review of the province’s debt-laden public power utility.
The members are Michael Bernstein, who has worked in the Canadian power and utilities sector; Anne E. Bertrand, th…
Vermilion Energy Inc. has signed a deal to sell a group of assets in Saskatchewan and Manitoba for $415 million.
The company says it will use the net proceeds from the sale to repay debt.
Vermilion says the assets being sold produce about 10,500 barre…
Canada’s western premiers say they’ve agreed to identify, plan and develop new economic corridors to connect provincial resources to international markets.
A joint statement issued Thursday says doing so would boost Canada’s market access in Asia and …
A shareholder advocacy group says reviving a liquefied natural gas export project in Quebec’s Saguenay region would be costly and likely unprofitable.
Investors for Paris Compliance says demand for LNG in Europe dropped by 18 per cent between 2022 and…
Canadian motorists were paying less at the pump in April after the Liberals nixed the consumer carbon price — a move economists expect will help keep inflation around the Bank of Canada’s two per cent target as tariff woes percolate.
Statistics Canada…
British Columbia’s power utility is facing transformational challenges of drought, rising costs and a trade war with the United States as it works to meet electricity demand that’s surging after two decades of relative stability.
An expected demand in…
The mayor of Crowsnest Pass in southwestern Alberta says the Alberta Energy Regulator’s approval of a controversial coal exploration project on the eastern slopes of the Rocky Mountains is long overdue.
“I think they finally woke up. I think they fin…
Oil shipper South Bow Corp. is lowering the upper end of its 2025 earnings forecast due to market uncertainty and ongoing pressure restrictions on its Keystone pipeline.
A segment of the Alberta-to-Texas system ruptured and spilled crude onto North Da…
Crude pipeline operator South Bow Corp. has reported a drop in quarterly profits and revenues.
The Calgary-based company says net income for the first three months of 2025 was $88 million, down from $112 million a year earlier, before it spun off fro…
The May long weekend is when gasoline prices tend to start levelling off ahead of the high-demand summer driving season.
But one thing may throw a wrench in long-held expectations about gas price behaviour this year, said Roger McKnight, chief petrol…
The Alberta Energy Regulator approved on Thursday a controversial coal exploration project on the eastern slopes of the Rocky Mountains.
Northback Holdings Corp.’s project at Grassy Mountain was rejected in 2021, when a panel ruled likely environmenta…
B.C. Premier David Eby said a trade mission to Asia next month will help the province become the “engine of a new Canada,” but an economist says B.C. also needs to take steps at home to become more competitive.
Eby will be visiting Japan, South Korea …
Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent.
The oilfield services company says the increase in revenue came from higher prices and acti…
Canadian Culture Minister Steven Guilbeault said Wednesday Canada needs to maximize its use of existing pipelines before building more — a day after Prime Minister Mark Carney indicated an openness to new pipeline construction.
Speaking to reporters a…
Ontario’s electricity is now being produced with the highest percentage of greenhouse-gas-emitting power since coal plants were operating in the province.
The Independent Electricity System Operator recently posted its 2024 year in review, which conta…
Alberta Premier Danielle Smith’s chief of staff is sounding the alarm over Prime Minister Mark Carney’s pick to head up the government’s environment portfolio.
Rob Anderson says when it comes to new Environment and Climate Change Minister Julie Dabrus…
Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U. S. relations and amped-up resource nationalism.
The US$9.1-billion friendly deal announced last week is sub…
A Newfoundland and Labrador mayor says his region is in a transition period after an offshore oil project hit a major milestone.
Keith Pearson, mayor of Placentia, N.L., says hundreds of local workers are looking for their next job after helping build…
Haul trucks, shovels, pumps and pipes are common sights at Imperial Oil’s vast oilsands operations in northeastern Alberta, but so too are robots and drones, with generative artificial intelligence a newer addition to the technological mix.
“We’ve be…
Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province’s latest snowpack and water supply bulletin says.
The drought, in turn, is curtailing B.C.’…
Climate activists and energy leaders say Prime Minister Mark Carney will need to make some hard choices on whether to bolster the country’s oil and gas sector as means of achieving economic stability.
Throughout the election campaign, Carney signalled…
Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions.
Smith told reporters Monday the move is critical to keep industry competitive and defend jobs as Canada nav…
The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta’s government opening the door to a separation referendum.
Alberta Premier Danielle Sm…
Ensign Energy Services Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue edged up.
The oilfield services company says its net income attributable to common shareholders amounted to $3.7 million or two cents pe…
The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construction.
Pembina …
Five things to watch for in the Canadian business world in the coming week:
HBC
Hudson’s Bay is expected to return to court Tuesday to seek permission to extend its creditor protection, currently in place until May 15, to July 31. It will also ask for…
Pembina Pipeline Corp. has reported higher profits and revenues for the first quarter.
Earnings were $502 million for the three months ended March 31, up from $438 million during the same period of 2024.
That amounted to 80 cents per diluted share v…
Shares in oil producer Cenovus Energy Inc. jumped almost 10 per cent Thursday after it reported quarterly profits that beat market expectations, upped its shareholder payout and sought to reassure investors it can withstand oil prices much weaker than…
Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it’s been trading over the past month.
West Texas Intermediate, a U.S. benchmark for light oil, has been hovering around the US$60-per-barrel mar…
Power producer TransAlta Corp. is hoping to sign agreements this year with prospective Alberta data centre partners that would draw on natural gas-fired electricity it generates in the province.
“We continue to focus on securing exclusivity with key …
Oilsands giant Suncor Energy Inc. has begun a three-month outage at one of its upgraders so it can begin to replace enormous components first installed almost six decades ago.
The Calgary-based company is in the midst of a multi-year project to repla…
Oilsands giant Suncor Energy Inc. says said it had its strongest-ever first-quarter performance in its production, refining and refined product sales segments.
It says production was 853,000 barrels of oil per day, refining throughput was 483,000 per…
Oilsands producer MEG Energy Corp. says its first-quarter profits more than doubled from a year earlier.
Net earnings for the first three months of 2025 were $211 million, or 82 cents per diluted share, up from $98 million, or 36 cents per share, dur…
Alberta’s government is seeking a court ruling on the constitutionality of Ottawa’s clean electricity grid regulations.
The regulations, finalized late last year, lay out a plan to decarbonize electricity grids across Canada by 2050.
Premier Danielle …
Imperial Oil Ltd. reported a first-quarter profit of $1.29 billion, up from $1.20 billion in the same quarter last year.
The company says the profit amounted to $2.52 per diluted share for the quarter ended March 31, up from $2.23 per diluted share a …
Woodfibre LNG says it is hoping to add a second “floatel” at its project site near Squamish, B.C., to house as many as 900 workers for its liquefied natural gas project.
A statement from the company says it will submit an application to regulatory ag…
TC Energy Corp. says its profits edged lower in its latest quarter as revenues increased compared with a year ago.
The pipeline company reported $978 million in net income attributable to its common shares for its first quarter, down from $988 million…
Canada’s largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing.
In its latest sustainability report, RBC said t…
A prominent shareholder advisory firm says a dissident investor has not cleared the bar to justify taking control of Parkland Corp.’s board of directors, but there is a case for change.
Institutional Shareholder Services recommends shareholders vote …
The Canadian economy shrunk in February, but economists say bad weather was likely the larger culprit than uncertainty related to the trade war with the U.S.
Statistics Canada said Wednesday that real gross domestic product decreased 0.2 per cent in F…
Capital Power Corp. says its profit fell during the first quarter of 2025 as revenues and other income decreased.
The Edmonton-based electricity producer says its net income attributable to shareholders was $151 million during the quarter ended March …
A prominent shareholder advisory firm says it agrees with activist investor Simpson Oil that board change is needed at fuel retailer and refiner Parkland Corp., but is stopping short of calling for a complete overhaul.
Glass Lewis recommends in a rep…
Manitoba’s energy regulator has approved higher natural gas prices.
The Public Utilities Board says rates for a typical residential customer will rise 12.4 per cent, or about $73 a year, starting May 1.
The board says the increase is due to several ma…
Whitecap Resources Inc., weeks away from closing a $15-billion combination with fellow western Canadian oil and gas producer Veren Inc., has reported a jump in first-quarter profits, revenues and production.
The Calgary-based company had net income o…
The Quebec government has made a move it hopes will lower the price of gas in the province — but observers say consumers are unlikely to benefit at the pump.
They say the province has faced pressure to act since the federal government scrapped the co…
An ongoing trade war and U.S. President Donald Trump’s hunger for critical minerals have brought Canada’s rich mineral deposits into the spotlight, with federal and provincial politicians promising to accelerate natural resource projects.
Interest in…
The lead author of a new study pointing to more proof of water on Mars says it brings scientists a step closer to determining whether the planet was ever capable of supporting life.
But Ben Tutolo from the University of Calgary jokingly says the only …
The U.S. Army Corps of Engineers has decided to fast-track permits for building a protective tunnel around an aging Enbridge oil pipeline that runs beneath a channel connecting two Great Lakes, stoking environmentalists’ fears that the project will es…
Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre aligned on support for new oil and gas pipelines as a matter of national security during the French language election debate Wednesday night.
Dealing with U.S. President Donald Trump …
Crude oil pipeline operator South Bow Corp. says its Keystone system has restarted after a rupture last week in North Dakota.
The Calgary-based company says it has repaired and replaced the affected pipe and recovered most of the more than 556,000 li…
A contractor has been killed and another person hurt in a fire in a gas plant north of Fort St. John, B.C.
Alberta-based Tourmaline Oil, which runs the Gundy oil and gas extraction facility in Wonowon, B.C., says the site was “immediately shut down” …
The majority of Ontario’s electricity utilities don’t study how climate change could threaten parts of the power grid, a survey found as the province eyes changes that would require them to assess their vulnerability to extreme weather and build it in…
Manitoba will soon have more energy for itself and other Canadian jurisdictions after two hydroelectric contracts with a Minnesota utility expire at the end of this month, Premier Wab Kinew said Monday.
The contracts, signed in 2010, are for a combine…
Hundreds of kilometres up the Pacific coast from where Canada’s first liquefied natural gas export terminal is set to start up this summer, a monster lays dormant.
Alaska has long had ambitions to ship its natural gas to international markets, but the…
The head of BMO defended the bank’s climate efforts as it faced shareholder resolutions at its annual general meeting that called for more clarity on its plans.
Investors and activists had pushed the bank to disclose how it approaches climate lobbying…
Alberta’s government is looking to give the green light to hydrogen as a home and commercial heating fuel in a move it says will boost demand and reduce emissions.
If passed, legislation tabled by Utilities Minister Nathan Neudorf would allow utility …
The owner of the Keystone pipeline says a segment that ruptured in North Dakota has been isolated and the oil spill has been contained.
Calgary-based South Bow Corp. said Wednesday it estimates 3,500 barrels were released, equivalent to more than 556…
British Columbia Energy Minister Adrian Dix says the province will have to “make choices” on programs within its CleanBC initiative given the repeal of the consumer carbon tax.
Dix told a news conference related to heat pumps that the New Democrat gov…
MANSFIELD, S.D. (AP) — Jared Bossly was planting soybeans one spring night in 2023 on his 2,000-acre farm in South Dakota when he spotted a sheriff’s vehicle parked at the corner of his property. He had a hunch it wasn’t a social visit.
“I’m like, ‘We…
MANSFIELD, S.D. (AP) — The company behind a proposed pipeline that would transport carbon dioxide emissions from ethanol plants across five Midwest states and store it underground in North Dakota filed hundreds of lawsuits against landowners in recent…
Parkland Corp. is proposing a slate of 13 directors including three backed by dissident shareholder Simpson Oil Ltd. for election to its board at its annual meeting next month.
The Calgary-based company says the nominees come as Simpson, which owns a …
Five things to watch for in the Canadian business world in the coming week:
Election campaign and trade
The federal election heads into its third week with the party leaders trying to pitch themselves as the best person to stand up to Donald Trump. Tr…
Fears of a tariff-driven recession has led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector’s outlook should the weakness persist.
West Texas Intermediate crude, the key U.S. benchmark, dr…
A new version of a government-commissioned report about Alberta’s inactive oil wells and what to do about them now says the province should manage a new insurance fund, rather than backstop it with taxpayer funding.
The tweaked language is one of a fe…
Liberal Leader Mark Carney promised Monday to get the federal government back into the business of home building, while Pierre Poilievre’s Conservatives pitched a national energy corridor to fast-track approval of key infrastructure.
The New Democrats…
Consumers are paying a new price on their carbon emissions starting today — $0.
The levy had previously been set at $80 per tonne, an amount that has increased yearly since the charge was first imposed in 2019.
That had most recently equated to 17.6…
Prime Minister Mark Carney killed the consumer carbon levy as one of his first acts upon taking office earlier this month. As of Tuesday, the price everyday Canadians pay for emissions will be set at $0.
Here is what consumers can expect:
Fuel
Patri…
Mi’kmaw chiefs in Nova Scotia say they are considering legal action against newly passed provincial legislation that opens the door to hydraulic fracturing for natural gas.
In a statement, the Assembly of Nova Scotia Mi’kmaw Chiefs says it is consider…
The Canadian economy was off to a solid start in January but early signs suggest growth stalled in February amid harsh winter weather and the looming threat of tariffs.
Statistics Canada said Friday that real gross domestic product rose 0.4 per cent i…
Prime Minister Mark Carney killed the consumer carbon levy as one of his first acts upon taking office earlier this month. As of April 1, the price everyday Canadians pay for emissions is to be set at $0.
Here is what consumers can expect:
Fuel
Patr…
Two workers were assessed for minor injuries following a fire at the Co-op Refinery Complex in Regina.
Federated Co-operatives Ltd. says the blaze has been contained.
It says it does not know the cause of the fire and will provide more information on…
When Canada’s big banks left the Net Zero Banking Alliance earlier this year, they assured they could push on reducing emissions without the help of the international climate coalition launched in 2021 by Mark Carney, now Canada’s prime minister.
But…
Jordon Kosikowie has been thinking a lot about what would happen if Alberta joined the United States.
The 35-year-old works in the oil and gas industry in the Edmonton area and says life has been hard in recent years. So he’s open to the idea if it br…
Prime Minister Mark Carney confirmed Friday that his government would keep the emissions cap on oil and gas production in place if elected — but would fast-track investments in carbon capture to meet those emissions targets.
Speaking to reporters in O…
A day after threatening a national unity crisis, Premier Danielle Smith says she would strike a panel to poll Albertans on what to do if her list of demands is ignored.
Smith, facing repeated questions from reporters in Calgary about how far she’d be …
Conservative Leader Pierre Poilievre made his second election campaign-style announcement in as many days Thursday, just as news broke that Prime Minister Mark Carney is widely expected to begin the race on Sunday.
Poilievre was in Jonquière, Que., to…
Ottawa says it is contributing up to $200 million toward the Cedar LNG project on the northern B.C. coast.
The money is coming through the Strategic Innovation Fund, which falls under the Innovation, Science and Economic Development ministry.
The fl…
Alberta’s government is proposing a law it says would ban federal employees from going on any oil-related sites — from wellheads to corporate head offices – but the NDP says it’s an illegal and performative distraction.
Premier Danielle Smith says th…
Alberta Premier Danielle Smith says that in her first face-to-face meeting with the new prime minister she gave him an earful on wildfires and oil sales and warned him national unity hangs in the balance.
“I provided a specific list of demands the nex…
A Mark Carney government will maintain the cap on emissions from the production of oil and gas, Environment Minister Terry Duguid said in a recent interview.
Under former prime minister Justin Trudeau, the Liberals promised in the 2021 election to cap…
A deal to send Canadian green hydrogen exports to Germany is awaiting Ottawa’s final decision on funding and a verdict from European regulators on whether the project has adequate competition.
Canada and Germany made a big show of signing a hydrogen a…
Alberta’s energy minister says the government will never use public tax dollars to clean up abandoned oil and gas wells.
Brian Jean says it will never be an option, despite a newly leaked government-funded report listing recommendations for how Albert…
Alberta Premier Danielle Smith says plans for cleaning up abandoned or inactive oil wells are to be made public in two weeks.
She says public funding won’t be needed for the new initiatives, despite a draft government report leaked to media that expli…
A group of energy sector chief executives is calling on the leaders of the four federal political parties to declare a Canadian energy crisis and use emergency powers to help speed the development of key projects in the “national interest.”
In an open…
Alberta Premier Danielle Smith is defending a nearly 23 per cent increase to her office’s budget, saying it’s coming at the expense of the Energy Ministry as her office assumes some formal and financial responsibility for promoting the province’s oil …
Canadians can expect to feel the absence of the consumer carbon price at the pumps immediately but it may take longer to notice a difference in the price of other goods, a new report released Wednesday suggests.
The analysis by Desjardins Economics co…
Parkland Corp. has named two new independent directors as an activist investor calls for an overhaul of its board.
The Calgary-based fuel refiner and retailer, which is considering putting itself up for sale, has named Felipe Bayon and Sue Gove to it…
A shareholder in Parkland Corp. is demanding a board shakeup as the Calgary-based fuel refiner and retailer looks into putting itself up for sale.
Engine Capital LP, the New York activist hedge fund that owns 2.5 per cent of Parkland’s stock, said in…
Some Nova Scotia environmental advocates and physicians told a legislature committee today that a government bill opening the door to uranium exploration and fracking is dangerous and should be scrapped.
The proposed legislation would repeal the exist…
Despite calling for its demise for years, Alberta Premier Danielle Smith says she isn’t fazed by the new prime minister’s move to kill the consumer carbon levy.
On Friday — moments after news broke that Prime Minister Mark Carney had eliminated the pr…
The chief executive of oilfield services provider Calfrac Well Services has abruptly resigned a day after the company reported a quarterly loss.
Calgary-based Calfrac says Pat Powell has also resigned from the board of directors and the company is lo…
The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.
It said in a news release that there was a meeting on Mond…
Nearly seven years after the New Brunswick government went to the Supreme Court to prevent the free movement of alcohol across the country, Premier Susan Holt says the tariff war with the United States is forcing the province to rethink its approach t…
Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion dollar deal to create a major Canadian shale player that they say will stand stronger against political and market upheaval than if they were to each go it alone.
“The pro for…
Trade uncertainty caused by U.S. tariffs both real and threatened has rattled consumer confidence, to the point that volume growth at the Port of Vancouver will suffer, says its chief executive.
Peter Xotta, CEO of the Vancouver Fraser Port Authority,…
PORT SULPHUR, La. (AP) — The planned expansion of a massive liquefied natural gas facility in southeast Louisiana is a beacon for a U.S. energy policy that doubles down on oil and gas exports under President Donald Trump, two members of his Cabinet to…
AltaGas Ltd. reported its fourth-quarter profit rose compared with a year ago, helped by strength across its business.
The utility says it earned a profit applicable to common shares of $203 million or 68 cents per diluted share for the quarter ended …
The chief executive of fuel refiner and retailer Parkland Inc., which is considering putting itself up for sale, says U.S. tariffs are having a “neutral” impact on the business.
Bob Espey told analysts on a conference call Thursday that consumer spen…
Nova Scotia Premier Tim Houston has failed to get unanimous consent in the legislature to a resolution calling on the federal government to condemn any national political leader who opposes energy infrastructure projects amid the trade war with the Un…
South Dakota’s governor signed a bill into law Thursday that bans the taking of private property for building carbon dioxide pipelines, a blow to a sprawling Midwest pipeline network that ethanol producers see as key for their future.
The new law mudd…
South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment, which provides transportation, storage and logistics services, could come under pressure if a 10 per cent tariff on U.S. energy exports per…
Canada’s merchandise trade surplus in January rose to its highest level since May 2022, as both exports and imports surged in the face of tariff threats by the United States.
TD Bank economist Rishi Sondhi says the strength in exports shown in January…
Canadian Natural Resources Ltd. raised its dividend as it reported a fourth-quarter profit of $1.14 billion, down from $2.63 billion a year earlier.
The oilsands company says it will now pay a quarterly dividend of 58.75 cents per share, up from 56.25…
Experts are linking rising gasoline prices in the U.S. northeast to President Donald Trump’s tariffs on Canadian energy imports, but they warn the trend may also hurt Atlantic Canada’s energy producers.
According to Canada’s consulate general in Bosto…
Canada’s spy agency warns that colliding global developments make the Arctic an “attractive, strategic and vulnerable destination” for foreign adversaries seeking to establish a presence in Canada.
A newly released Canadian Security Intelligence Servi…
Motorists in some U.S. regions can expect to take a hit at the pump thanks to tariffs on Canadian oil imports, a gas price analyst says, as President Donald Trump has pressed ahead with a 10 per cent levy on energy.
The northeastern United States can…
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze the kingdom’s multi-trillion-dollar development plans….
More than half of MEG Energy Corp.’s oil sales would be free from potential U.S. tariffs thanks to the diverse market access options it has lined up, a company executive says.
The Calgary-based oilsands producer has the ability to access global marke…
The head of the Canada Infrastructure Bank says the power and export-enabling projects the Crown corporation backs are more crucial than ever as trade tumult intensifies with the United States.
“In the face of lots of uncertainty, the one thing you c…
Bo Hedges’ parents have lived on their ranch north of Fort St. John, B.C., for close to 50 years, running the Dead Horse Creek Cattle Company on the property where a natural spring bubbles up near their log home.
It sounds peaceful — but Hedges said e…
U.S. tariff threats are making politicians and the general public more receptive to Canadian energy infrastructure projects, the chief executive of Pembina Pipeline Corp. says.
“Hopefully with what’s happening, it will be obvious to the country that …
British Columbia’s energy minister says the province will soon require Canadian-made products to fulfil renewable fuel standards for gasoline and diesel.
Adrian Dix says B.C.’s requirement of five-per-cent renewable fuel content for gasoline must be m…
Meg Energy Corp. says it earned $106 million in its fourth quarter, up from $103 million a year earlier.
The Calgary-based company says revenues totalled $1.15 billion, down from $1.44 billion during the same quarter last year.
Diluted earnings per …
Alberta’s finances, tied for generations to the steep peaks and sharp valleys of oil and gas prices, are once again plunging deep into deficit, with no immediate relief in sight.
Finance Minister Nate Horner introduced a budget Thursday that projects …
Veren Inc. reported a fourth-quarter profit of $146.8 million, down from $951.2 million in the same quarter last year.
The oil and gas producer, which changed its name from Crescent Point Energy last year, says its net income amounted to 24 cents per …
Premier Scott Moe says Saskatchewan wants pipelines built and is encouraging other provinces and the federal government to get behind the cause.
Moe says on social media that all pipeline projects that cross his province would be considered “pre-appr…
MANDAN, N.D. (AP) — An attorney for a Texas pipeline company said Wednesday that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline’s construction in North Dakota, and defamed the company to it…
As companies report their earnings for the latest quarter, they’ve fielded question after question from analysts about how they’re preparing for potential tariffs from the U.S.
President Donald Trump has threatened sweeping tariffs on imports coming f…
Saskatchewan Premier Scott Moe is travelling to Washington, D.C., again to push against proposed tariffs from the United States on Canadian goods.
Moe was scheduled to leave Monday with a delegation of Saskatchewan business leaders in the steel and e…
Cenovus Energy Inc. reported its fourth-quarter profit and revenue fell compared with a year ago as it saw lower oil and natural gas prices.
The company says it earned $146 million or seven cents per diluted share for the quarter ended Dec. 31, down f…
NDP Leader Jagmeet Singh says he sees an east-west clean electricity corridor as his first priority for expanding the Canadian energy market — not new pipelines.
While Singh isn’t shutting the door entirely to pipelines, he says pipeline projects must…
Climate advocacy groups are calling on officials to crack down on the fossil fuel industry’s role in K-12 education, suggesting its alleged influence has gone largely unchecked in the absence of robust climate change education.
A report released Tues…
The next Ontario government should take the lead in encouraging urgent expansion of interprovincial electricity transmission while ensuring it advances a transition to a clean economy, a new report by the Pembina Institute said Wednesday.
Reducing int…
A new government bill put forward Tuesday would lift blanket bans on uranium exploration and hydraulic fracking of fossil fuels in Nova Scotia.
The province says the omnibus bill would repeal the existing Uranium Exploration and Mining Prohibition Act…
An Alberta oil and gas company has been fined $15,000 for failing to report a potentially lethal amount of hydrogen sulphide, or sour gas, had been released into the atmosphere.
In its decision, the Alberta Energy Regulator says a tank at a Mcland Res…
BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit…
TC Energy Corp. says it plans to keep its discretionary spending focused on the U.S. as it downplayed the chances of reviving an eastern energy export route from Canada.
“Right now we see the highest risk-adjusted returns being in the United States,”…
Enbridge Inc. reported a profit attributable to common shareholders of $493 million in its fourth quarter, down from $1.73 billion a year earlier.
The pipeline company says the profit amounted to 23 cents per share for the quarter ended Dec. 31, down …
Parkland Corp. says its largest shareholder is no longer bound by the voting and standstill restrictions that were part of a governance agreement between the two.
The Calgary-based company says an Ontario Superior Court decision lifted the limitations…
Liberal leadership candidate Chrystia Freeland’s pitch to export liquefied natural gas (LNG) to allies is drawing skeptical reactions from those who say her government neglected the sector over the past decade.
The former finance minister’s policy sta…
Suncor chief executive Rich Kruger says that while all Canadian businesses will feel a hit from tariffs, his company is fairly well-positioned to limit the impact.
He says the company’s large Canadian refining footprint and higher capacity than peers …
AltaGas Ltd. and Keyera Corp. have signed a deal to work together in a plan they say will see more Canadian energy products reach Asian markets.
Under the agreement, Keyera has signed a 15-year tolling contract for 12,500 barrels per day of liquefied …
Federal Energy Minister Jonathan Wilkinson says Ottawa and the provinces should discuss the possibility of an oil pipeline to Eastern Canada to improve energy security and diversify trade.
Wilkinson said Thursday that United States President Donald T…
A month-long pause on Donald Trump’s tariff threat has done little to ease Canadian concerns as key cabinet ministers return to Washington hoping to push the devastating duties off the table permanently.
“I do think there are opportunities for convers…
The Quebec government says it would be open to reviving a controversial liquefied natural gas project in the province’s Saguenay region to ship energy from Alberta overseas.
Quebec refused to authorize GNL Québec Inc.’s proposed liquefaction facility …
Suncor Energy Inc. says it earned $818 million in the fourth quarter of 2024, down from $2.82 billion a year earlier, as it saw upstream production rise.
The Calgary-based oil giant says the earnings worked out to 65 cents per common share, down from…
Alberta Premier Danielle Smith says she’s “greatly heartened” by U.S. President Donald Trump’s tariff pause, saying the eleventh-hour deal with Canada follows through on a border security measure she had been calling for.
Prime Minister Justin Trudeau…
With U.S. tariffs on Canadian goods set to begin Tuesday, business groups say even the reduced tariff on Canadian energy will damage economies on both sides of the border.
U.S. President Donald Trump signed an executive order to put a 25 per cent tar…
U.S. President Donald Trump signed an order Saturday to impose tariffs of 10 per cent on Canadian energy and 25 per cent on everything else beginning on Feb. 4.
Statistics Canada says the value of Canadian exports to the United States in 2023 exceeded…
U.S. President Donald Trump will hit Canada with 25 per cent tariffs on Tuesday, with a lower 10 per cent duty for energy, government sources said — laying the foundation for a trade war with America’s closest neighbours.
The federal government inform…
RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada’s Big Six banks represented in the group.
Canada’s largest bank confirmed the move Friday, saying it has the tools and capabilities to implement its climate strategy and meas…
Alberta Premier Danielle Smith and Canada’s energy industry say they will await details before responding to the latest threat by U.S. President Donald Trump surrounding tariffs.
Trump says he will impose a 10 per cent tariff on Canadian oil around mi…
Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.
Shell is swapping its remaining 10 per…
WASHINGTON — Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of oil conflicts with the Republican leader’s own plans to make America energy-dominant.
Trump made the comments in a …
ST. JOHN’S, N.L. — Norwegian energy giant Equinor has contracted two companies to do preliminary work for the stalled Bay du Nord offshore oil project in Newfoundland and Labrador.
BW Offshore, an international company headquartered in Norway, says Eq…
HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he’s open to ending a moratorium on fossil fuel drilling in the rich Georges Bank fishing grounds.
Premier Tim Houston said Wednesday …
Poppy, a six-year-old springer spaniel with floppy brown ears and a tail that never seems to stop wagging, is by all accounts a very good dog.
Her white, brown speckled nose has also made her something of a trailblazer.
In a first-of-its-kind study,…
WINNIPEG — Manitobans are going to pay a bit more for natural gas as well as propane used for home heating.
The province’s Public Utilities Board has approved an increase for natural gas by Centra Gas as of Feb. 1.
The board says the annual bill for a…
VANCOUVER — The president of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline project that would have created another route for Alberta’s oil to get to the Pacific Ocean.
Grand Chief Stewart …
TORONTO — A CIBC report says sweeping tariffs imposed by the U.S. could cost the Canadian economy as much as 3.25 per cent, even factoring in possible exemptions for the oil and gas sector.
An analysis published Tuesday examined four potential scenari…
EDMONTON — As a possible Feb. 1 deadline looms for the United States to impose punishing tariffs on Canadian goods, Alberta Premier Danielle Smith says she’s sticking to her diplomatic approach to try to stop them.
Smith, in a virtual news conference …
WASHINGTON — The looming threat of devastating tariffs slapped against Canada hangs over president-elect Donald Trump’s return to the White House Monday.
Trump is preparing more than 100 executive orders. It’s unclear what is in the massive package a…
EDMONTON — The Alberta Energy Regulator has laid nine charges against Imperial Oil almost two years after an estimated 5.3 million litres of contaminated wastewater overflowed from a pond at its Kearl oilsands mine north of Fort McMurray, Alta.
The ch…
WASHINGTON — Energy and Natural Resources Minister Jonathan Wilkinson is making a case to American legislators for a Canada-U.S. energy and resource alliance as Canada faces devastating across-the-board tariffs when president-elect Donald Trump return…
This year’s average global temperature is expected to rival 2024’s record-breaking heat, Canadian officials said Wednesday, underlining humanity’s narrowing window to hit an international target intended to help avert some of climate change’s most ser…
Ontario Premier Doug Ford said Tuesday he’s now convinced the federal government has a “phenomenal” plan to secure the Canada-U. S. border in response to Donald Trump’s tariff threat — although he didn’t offer up any details of that plan.
Trump has th…
WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change.
The order allows the city of Ho…
Constellation is buying power natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country’s biggest power companies.
The transaction includes 50 million shares of Constellation stock, $4.5 billion in cash a…
CALGARY — The fate of Canada’s largest proposed carbon capture and storage project is even more uncertain after Prime Minister Justin Trudeau’s resignation announcement this week amplified existing unknowns around the future of energy and climate poli…
ST. JOHN’S, N.L. — Newfoundland and Labrador politicians are digging into the details of the province’s draft energy deal with Quebec as four days of debate begin today in St. John’s, N.L.
The province’s Liberal government opened the legislature this …
CALGARY — The Alberta government is partnering with Calgary-based pipeline company Enbridge Inc. to increase the province’s oil and gas pipeline capacity.
The agreement is to begin with a new formal working group between Enbridge and the Alberta Petro…
CALGARY — Total Energy Services Inc. says it is planning $61.9 million in capital spending for 2025.
The company says the plan comprises $34.3 million of expansion capital and $27.6 million for equipment maintenance and recertifications.
The expansion…
EDMONTON — A new analysis of a decade’s worth of data kept by Alberta’s oil and gas regulator suggests the agency has made unsubstantiated claims about the success of oilsands tailings spills cleanup.
“Their own data, their … internal data are not b…
OTTAWA — Prime Minister Justin Trudeau announced Monday he will resign as prime minister and Liberal leader once the party chooses a successor. Trudeau, who was first elected Oct. 19, 2015, steps down after nearly a decade in power. Here are the key p…
CALGARY — Canadian oil and gas stocks climbed Monday as the country’s energy sector absorbed the news of Prime Minister Justin Trudeau’s resignation.
As of mid-afternoon, the energy sector led all others on the TSX in terms of gains, with the S&P/TSX …
CALGARY — Suncor Energy Inc. says it broke its own record for oil and gas production in 2024.
The Calgary-based energy giant says it achieved record annual production of 827,000 barrels per day, a 10.9 per cent increase from 2023 and 17,000 barrels pe…
The Biden administration released long-awaited final rules Friday for a tax credit that will send billions of dollars to producers of cleaner hydrogen.
The new rules drew cautious praise from environmental groups, who said they would likely reduce pl…
CALGARY — Pembina Pipeline Corp. says its subsidiary Pembina Gas Infrastructure Inc. (PGI) has completed its previously announced acquisition of a 50 per cent stake in Whitecap Resources Inc.’s Kaybob complex natural gas processing facility.
The $420 …
WASHINGTON — A new year will bring Donald Trump back to the White House and start a fresh wave of anxiety as America’s closest neighbours prepare for the Republican’s disruptive agenda and looming threats of massive tariffs.
It’s long been tradition …
EDMONTON — Alberta Premier Danielle Smith is eager to show that her government can finally put the pieces of a dismantled provincial health-care system back together again in the new year.
In a recent year-end interview, Smith said work that began in …
OTTAWA — Statistics Canada says the economy grew 0.3 per cent in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2 per cent increase in September.
The agency says the growth came as services-produ…
BURNABY, B.C. — A union representing striking aviation fuel workers in British Columbia is warning that diversion of the fuel to get around the industrial action could pose an environmental hazard.
ILWU Local 502 says fuel from a tanker ship was dive…
TORONTO — Canada’s main stock index pushed higher to end Monday up almost 150 points on light trading action, while U.S. stock markets also gained ahead of the Christmas break.
“Today is a quiet pre-Christmas Day of trading,” said Kevin Burkett, a por…
WINNIPEG — The Manitoba government is ending its yearlong fuel tax holiday but bringing back the levy at a lower rate.
The government temporarily suspended the 14-cents-a-litre tax on gasoline and diesel at the beginning of 2024 as a way to help peopl…
CALGARY — Vermilion Energy Inc. raised its dividend as it outlined a capital spending plan of $600 million to $625 million for 2025.
The company says it will pay a quarterly dividend of 13 cents per share, up a penny from 12 cents per share.
Vermilion…
A Montreal-based company building a Canadian test site for carbon removal technologies has received a US$40-million grant from Bill Gates’ climate solutions venture firm.
Canadian startup Deep Sky announced Wednesday it was awarded the grant from Brea…
OTTAWA — The federal government has pushed its target to achieve a net-zero electricity grid back 15 years to 2050 as part of new clean electricity regulations announced Tuesday — though officials maintain that target date was always the goal.
Canada …
VANCOUVER — The company behind what will be Canada’s first major liquefied natural gas export facility has appointed a new CEO.
LNG Canada says Chris Cooper will succeed current chief executive Jason Klein, effective April 1, 2025.
Cooper is LNG Canad…
CALGARY — Parkland Corp. says its current chief financial officer Marcel Teunissen will assume the role of president for North America effective Jan. 1.
The fuel and convenience store retailer says Teunissen will be responsible for the company’s Canad…
British Columbia’s new finance minister said she is “realistic” about the economic challenges facing the province after announcing this year’s record deficit is projected to reach $9.4 billion.
Brenda Bailey said Tuesday that the forecasted deficit fo…
VICTORIA — Human error during a fuel transfer at a fish farm off the west coast of British Columbia has resulted in a spill into the water of up to 8,000 litres of diesel.
The B.C. government said in a report on its website that the spill happened Sa…
TORONTO — Canada’s premiers are meeting in Toronto today, and cross-border trade is topping the agenda, on the heels of a tariff threat from U.S. president-elect Donald Trump.
Trump is threatening to impose a 25 per cent import tariff on goods coming …
EDMONTON — Calgary-based pipeline giant Enbridge says it has cleaned up about 60 per cent of a nearly 265,000-litre oil spill in Wisconsin that was discovered last month.
Enbridge says the spill was discovered by an employee conducting a visual inspec…
CALGARY — Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs from its oilsands assets.
In its corporate guidance for 2025, released Thursday, the…
EDMONTON — The Alberta government has confirmed new rules for wind and solar energy projects it says are needed to protect the environment, food security and the province’s scenery.
The new regulations stem from Premier Danielle Smith’s February annou…
CALGARY — Eight First Nations in Alberta are asking that the $16.5-billion carbon capture and storage project proposed by a consortium of oilsands companies be reviewed under the federal Impact Assessment Act.
The Beaver Lake Cree Nation, Cold Lake Fi…
EDMONTON — Alberta Technology Minister Nate Glubish says he’s hoping to see $100 billion worth of artificial intelligence data centres under construction within the next five years.
Such centres are filled with computer servers used by companies like …
CALGARY — Enbridge Inc. raised its quarterly dividend for next year as it released its financial guidance for 2025.
The pipeline company says it will pay a quarterly dividend of 94.25 cents per share, up from 91.5 cents per share, effective March 1.
T…
TORONTO — Ontario is urging the federal government to amend proposed electricity regulations after an analysis by the province’s system operator concluded the rules would mean $35 billion in additional costs by 2050.
A new analysis by the Independent …
CALGARY — An industry organization predicts 2025 will see the highest amount of oil and natural gas well drilling activity in Canada in a decade.
The Canadian Association of Energy Contractors, which represents drilling and service rig companies, says…
CALGARY — The Alberta government did not consult with the oil and gas sector before announcing a sweeping set of plans it says it could use to challenge the proposed federal greenhouse gas emissions cap, industry sources say.
Companies are still diges…
EDMONTON — Alberta Premier Danielle Smith says her government is eyeing a number of steps to challenge the proposed federal greenhouse gas emissions cap.
Announcing an upcoming motion under her Alberta Sovereignty within a United Canada Act on Tuesday…
EDMONTON — Federal Environment Minister Steven Guilbeault says Alberta’s plan to make greenhouse gas emissions data the property of the provincial government could lead to oil and gas companies breaking federal laws.
Alberta Premier Danielle Smith’s p…
REGINA — An Opposition emergency motion to suspend the provincial 15-cent-a-litre gas tax failed in the Saskatchewan legislature Tuesday, with Premier Scott Moe saying there are other ways to save people money.
NDP Leader Carla Beck pressed Moe durin…
CALGARY — Alberta’s government is looking for ways to encourage pipeline companies to boost capacity and increase the province’s oil and gas export volumes to the United States.
But Premier Danielle Smith said her government is not interested in direc…
EDMONTON — The Alberta government is forecasting a $4.6-billion surplus this fiscal year, but Finance Minister Nate Horner says Alberta’s in for a “challenging” future.
The government’s second-quarter fiscal update says just $2.9 billion of that surpl…
Ottawa police say two people were arrested this morning after an “unlawful” demonstration outside Stornoway, the official residence the Opposition leader.
Greenpeace Canada says its activists blocked Conservative Leader Pierre Poilievre’s house and tw…
On the outside, the new house just east of Edmonton in Sherwood Park looks like any other Canadian suburban home.
But inside, the home’s state-of-the-art furnace is fueled not by the Alberta norm of natural gas, but by pure hydrogen — making it the fi…
NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.
Now, bitcoin is at the doorst…
CALGARY — Donald Trump’s return to the White House is good news for Canada’s energy sector and an opportunity for TC Energy Corp., the CEO of the Calgary-based pipeline company said Tuesday.
François Poirier made the comments in a phone interview foll…
WASHINGTON — As Donald Trump builds his new energy-focused administration, experts say it could open opportunities for Canada to expand the two countries’ long-standing partnership amid threats of widespread tariffs from the president-elect.
Trump an…
EDMONTON — Alberta Premier Danielle Smith plans to attend the Canadian Embassy’s inauguration party in Washington, D.C., where she is to remotely watch the swearing-in of U.S. president-elect Donald Trump.
Her office says the event is to include Canad…
Efforts to streamline operations have helped Suncor Energy Inc. hit its debt target, triggering a commitment to pay out 100 per cent of excess funds to shareholders.
The oil and gas giant has been working to make efficiency improvements across its spr…
CALGARY — Ovintiv Inc. says it has signed a deal to buy a group of assets in the Montney region from Paramount Resources Ltd. in an all-cash deal valued at about US$2.38 billion
The deal will add about 70,000 barrels of oil equivalent per day of produ…
WASHINGTON — President-elect Donald Trump’s promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
The threat of the tariff is causin…
OTTAWA — Donald Trump’s re-election in the United States will not impact Canada’s commitment to fighting climate change, Environment Minister Steven Guilbeault said Tuesday.
Guilbeault is in Azerbaijan this week for the annual United Nations climate c…
CALGARY — Suncor Energy Inc. says it earned $2.02 billion in its third quarter, up from $1.54 billion a year earlier.
The Calgary-based oil giant says its earnings work out to $1.59 per common share, up from $1.19 during the same quarter last year.
…
OTTAWA — The federal government faces a potential loss on the sale of the Trans Mountain pipeline as it estimates it’s worth less than it cost to build, the Parliamentary Budget Officer said Friday.
The pipeline could be worth between $29.6 billion an…
Canada could be an important consensus builder at this year’s international climate negotiations, Environment and Climate Change Minister Steven Guilbeault said, while downplaying concerns that Donald Trump’s presidential election victory could hamper…
CALGARY — TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.
It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.
T…
EDMONTON — The Alberta government is asking rural municipalities to send letters pointing the finger at specific oil and gas companies that aren’t paying their property taxes — but one rural leader says there’s no hope for enforcement.
Municipal Affa…
CALGARY — MEG Energy Corp. says its full-year production is likely to come in towards the lower end of its forecast range, in part due to the wildfires at its Christina Lake oilsands site in northern Alberta.
The Calgary-based company said it produced…
CALGARY — Oil and gas producers who have already made progress on lowering their methane emissions over the last decade say further large-scale reductions will be tougher to deliver.
The federal government published new draft regulations Monday that w…
CALGARY — Enbridge Inc. has begun talks with its customers about expanding its Mainline pipeline network to handle growing volumes of Canadian oil output, the Calgary-based company said Friday.
“We have commenced commercial discussions with the indust…
OTTAWA — Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being published today by Environment Minister Steven Guilbeault.
The regulations, still only i…
CALGARY — The Pathways Alliance group of oilsands companies has issued a request for proposals to pipe manufacturers for the massive carbon capture and storage network it wants to build in northern Alberta.
The CEO of Imperial Oil Ltd., one of the six…
Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.
Exxon earned $8.6 billion, or $1.92 per share, for the three months ended Sept….
CALGARY — Precision Drilling Corp. said it will be closely watching the startup of this country’s first liquefied natural gas export facility after being caught off guard by the dramatic increase in drilling following the opening of the Trans Mountain…
CALGARY — Cenovus Energy Inc. reported its third-quarter profit fell compared with a year as its revenue edged lower.
The company says it earned $820 million or 42 cents per diluted share for the quarter ended Sept. 30, down from $1.86 billion or 97 c…
CALGARY — Canadian Natural Resources Ltd. said Thursday it has further reduced its natural gas drilling activity due to persistent low prices in Western Canada.
Canada’s largest oil and gas producer indicated earlier this year that it would reallocate…
CALGARY — Oil producer Veren Inc. saw its share price plunge more than 15 per cent as of mid-day trading Thursday, on news that the company is lowering its production forecast for 2024 and grappling with “under-performance” from some of its wells.
The…
TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here’s what you need to know.
What’s happening with the Canadian dollar?…
EDMONTON — Alberta Premier Danielle Smith says a potential budget deficit next year is not off the table.
Her government’s 2024 budget initially projected a surplus of $367 million when it was tabled in February.
Smith says that surplus was dependent …
CALGARY — Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year.
Canada’s largest oil-and-gas drilling rig company says the profit works out to $2.77 per share,…
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.
Prices for crude spiked globally on October 2 after Iran fired nearly…
TORONTO — Ontario is moving to extend a 5.7-cent cut to the provincial gas tax until next summer.
Premier Doug Ford says his government will soon put forward legislation that, if passed, will keep the tax at nine cents per litre until June 30.
The leg…
CALGARY — Natural gas producers in Western Canada have white-knuckled it through months of depressed prices, with the expectation that their fortunes will improve when LNG Canada comes online in the middle of next year.
But the supply glut plaguing th…
CALGARY — Two new compressed natural gas (CNG) fuelling stations have opened in Alberta to help heavy-haul trucks get off diesel.
The new stations in Calgary and Grande Prairie join an Edmonton station that opened last year and together form the start…
TORONTO — Ontario’s energy minister says he wants the province’s electricity system to not just be able to meet an expected 75 per cent increase in demand, but to exceed it and be able to sell excess power to other jurisdictions.
Stephen Lecce is rele…
TORONTO — A new report shows the patchwork of progress at Canada’s big life insurers in their efforts to address climate change, and reduce their more than $90 billion in fossil fuel investments.
The report from Investors for Paris Compliance (I4PC) a…
CALGARY — Investments in oil and gas production are important and must continue in tandem with increased investment in renewable and clean technologies, the deputy head of the International Energy Agency said Tuesday.
Mary Burce Warlick made the comme…
CALGARY — Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada’s energy sector as promised — but questions still linger about who will pay for the project’s massive cost overruns.
By a variety of measures, the …
NORMAN WELLS, N.W.T. — Imperial Oil says it will temporarily reduce its fuel prices in a Northwest Territories community that has seen costs skyrocket due to low water on the Mackenzie River forcing the cancellation of the summer barge resupply season…
CALGARY — Canada’s economic productivity crisis can only be solved if the federal and provincial governments come together to address issues like major project approvals and inter-provincial trade barriers, Alberta’s premier said Wednesday.
Danielle S…
EDMONTON — Alberta’s government has launched a national ad campaign targeting the federal government’s incoming emissions cap for the oil and gas sector.
Premier Danielle Smith said Tuesday it’s a de facto production cap that will stifle the economy.
…
Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artific…
EDMONTON — The Alberta government is proposing additional restrictions on wind and solar farms that conservationists think are more about limiting renewable energy than protecting the environment.
Last year the Alberta government imposed a seven-month…
OTTAWA — Canadians are set to receive carbon pricing rebates Tuesday, as the Liberals defend one of their most embattled policies.
The government says this is the first time all banks will label the payment as the Canada Carbon Rebate, after years of …
Toronto city council has taken a step toward banning misleading fossil fuel advertising on city property, building on recent federal anti-greenwashing rules and a similar proposal approved by the city’s transit agency.
It’s latest in a series of city…
EDMONTON — O’Reilly Oilfield Services Ltd. has been fined $90,000 after pleading guilty to one count of failing to protect the health and safety of workers under its supervision.
The sentence comes after one worker was severely burned by a fire in Ju…
TORONTO — Finance Minister Chrystia Freeland said Wednesday that the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce.
The move comes as a wide range…
TORONTO — A new report finds the Toronto financial sector’s emissions impact is much more than what is self-reported and urges the city to do more to encourage a reduction.
The report produced by the Toronto Climate Observatory figures the 18 largest …
CALGARY — Enbridge Inc. continues to invest in the U.S. Gulf of Mexico, announcing Thursday that it will spend about US$700 million to build new crude oil and natural gas pipelines in the gulf for the recently sanctioned Kaskida development, operated …
As pressure grows on the oil and gas sector to reduce its emissions, one Calgary-based company is banking on the potential to convert waste gas from oil wells into valuable electricity for nearby communities.
The privately held Steel Reef Infrastructu…
CALGARY — Cement producer Lafarge Canada Inc. says it has installed a new facility at its Exshaw, Alta., plant that will use construction waste to reduce the plant’s reliance on fossil fuels.
The company, which held a ribbon-cutting for the $38-millio…
CALGARY — The coming boom in artificial intelligence represents both a threat and an opportunity for the clean energy transition, market experts suggest.
No longer purely in the realm of the tech sector, AI has in recent years become an energy industr…
COCHRANE, Alta. — A fire at a gas well north of Calgary that injured five workers earlier this week has been extinguished.
HWN Energy Ltd. says it consulted with industry experts and implemented a well control plan that was reviewed by regulators.
I…
CALGARY — TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company.
The new company, which will be headquartered in Calgary with an office in Houston, will be led by Bevin Wirzba, former…
CALGARY — Tourmaline Oil Corp. says it has signed a $278.2-million deal with Topaz Energy Corp. giving Topaz a gross overriding royalty interest in recently acquired lands in Alberta and B.C.
The deal will see Topaz acquire royalty interests over app…
COCHRANE, Alta. — An energy company says a natural gas well fire that injured five workers north of Calgary continues to burn a day later.
There was a “well control incident” Monday afternoon at the site about eight kilometres north of Cochrane, Alta….
CALGARY — Global oil prices leaped Tuesday as escalating tensions in the Middle East sparked worries of energy market disruptions.
The price of a barrel of U.S. benchmark West Texas Intermediate rose close to five per cent to top US$71 as of midday as…
COCHRANE, Alta. — An explosion at an energy site northwest of Calgary has injured five workers, and RCMP say the resulting fire could burn for days.
Cpl. Gina Slaney said the five were part of a crew that was drilling on a lease site at a field north …
ST. JOHN’S, N.L. — Suncor Energy has been fined $90,000 after pleading guilty to two charges stemming from a worker injury in 2019 aboard its production vessel in an oilfield off the coast of Newfoundland.
In a news release Thursday, the province’s of…
BANFF, ALTA. — Some Canadian CEOs say the hundreds of billions of dollars the United States is offering in subsidies for the energy transition is causing a worrisome brain drain of some of this country’s top talent.
Ken Seitz, the CEO of Saskatoon-bas…
REGINA — A report from a tribunal appointed by the Saskatchewan Party government says a proposed federal emissions cap and methane regulations would cause severe economic damage.
The tribunal report, struck by Justice Minister Bronwyn Eyre, says the m…
WINNIPEG — The Manitoba government is extending the provincial fuel-tax holiday until the end of the year.
It’s the second time the government has extended the temporary tax break since introducing it in January.
The suspension of the 14-cents-a-li…
CALGARY — When electric utility BC Hydro launched a procurement process earlier this year seeking new sources of clean energy for the province’s power grid, it included a specific requirement: projects must be at least 25 per cent owned by First Natio…
OTTAWA — Environment Minister Steven Guilbeault is calling out Conservative Leader Pierre Poilievre for holding a fundraising last year in Banff, Alta., with oil and gas sector executives.
An Elections Canada filing shared by the Liberals shows that …
WINNIPEG — Manitoba’s government says it will encourage the development of renewable energy in the province while acknowledging fossil fuels aren’t going away any time soon.
Premier Wab Kinew says his government will provide loan guarantees to help Fi…
Oil and gas production hikes and rebounding air travel put a drag on Canada’s climate progress last year, but a new report says the country was still able to make a modest cut to its planet-warming emissions.
New estimates published by a leading clima…
CALGARY — Canada’s oilsands industry remains under pressure to reduce its greenhouse gas footprint, even as companies have clamped down on public communications in the wake of new anti-greenwashing legislation.
The Pathways Alliance — a consortium of …
FREDERICTON — The six chiefs of the Wolastoqey Nation in New Brunswick distributed a survey on Indigenous issues to political parties ahead of the provincial election, which is scheduled to kick off Thursday. Here are some of the answers from the Prog…
EDMONTON — Observers are criticizing Alberta Energy Minister Brian Jean’s suggestions on how the province might clean up its thousands of abandoned oil wells, saying they favour industry and lack input from the public.
“Albertans are owed a better exp…
DEER PARK, Texas (AP) — A flame that towered over a southeast Houston suburb subsided Tuesday but was still burning following a pipeline explosion that happened when a vehicle drove through a Walmart parking lot fence and struck an above-ground valve,…
EDMONTON — Alberta’s energy minister is promising strong action by next fall to clean up the province’s growing backlog of unreclaimed oil and gas sites.
“There are many oil wells to reclaim and the current system is unlikely to see them reclaimed,” B…
HALIFAX — An energy firm based in Ireland says it is planning to produce aviation fuel using about 700,000 tonnes of wood biomass annually.
Simply Blue Group announced today that construction would begin in 2026 with the bio fuel project expected to b…
VICTORIA — British Columbia’s Environment Assessment Office has fined Coastal GasLink Pipeline Ltd. $590,000 for “deficiencies” in the construction of its pipeline crossing the province.
The office says in a statement that 10 administrative penalties…
A newly released ranking of the Toronto Stock Exchange’s top performers shows investors continue to be attracted to companies at the forefront of the energy transition.
The TSX30 is an annual list of the top-performing stocks on Canada’s main stock ex…
CALGARY — TC Energy Corp. says a deal to sell a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities has been delayed.
The $1-billion agreement, announced in July, is meant to enable 72 Indi…
CALGARY — Pembina Gas Infrastructure Inc. has signed a deal to buy a group of infrastructure assets from Veren Inc. for $400 million.
Under the agreement, PGI — a Western Canadian gas processing company jointly owned by Pembina Pipeline Corp. and priv…
VANCOUVER — Methanex Corp. has signed a deal to buy OCI Global’s international methanol business in an agreement valued at US$2.05 billion, including assumed debt.
The deal includes OCI’s interest in two methanol facilities in Beaumont, Texas, one of …
Landowner resistance seems to have quashed an Alberta government pilot program offering energy companies partial recognition for well site cleanup that isn’t complete.
The Well Site Reduction program would certify reclamation for a site that meets env…
CALGARY — An oil and gas industry group is calling on the federal Competition Bureau to ensure environmental groups are held to the same truth-in-advertising standards as other sectors under new federal greenwashing rules.
The Canadian Association of …
CALGARY — Canadian drivers are enjoying cheaper gas prices heading into fall.
The average gasoline price in Canada was 152.1 cents per litre Friday morning, according to price tracking website GasBuddy.com.
That’s down more than 10 cents from the aver…
CALGARY — Parkland Corp. says it is looking to sell its Florida-based retail and commercial businesses.
The Calgary-based company’s operations in the state include about 100 retail locations, nine cardlock facilities and four bulk storage plants and w…
Planet-warming emissions released by Canada’s record-breaking 2023 wildfires were quadruple the country’s fossil fuel emissions for the previous year, and were surpassed only by the three most high-emitting countries, a new NASA study has found.
The s…
CALGARY — Shares of Parex Resources Inc. were down nearly 30 per cent in early trading after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity.
The company, which has op…
Certain solar farms will be banned on prime agricultural land in Ontario as the province expands energy production to meet demand in the coming decades, Energy Minister Stephen Lecce said Wednesday.
Ontario is looking to add some 5,000 megawatts of en…
CALGARY — A search committee has been struck to look for a new head of the Alberta Energy Regulator.
The group’s current president, Laurie Pushor, announced last week that he wouldn’t seek a new contract after his current term expires next April.
Pus…
CALGARY — The Alberta Energy Regulator says it’s imposing a $50,000 penalty on Imperial Oil amid its ongoing investigation into potential contraventions at the company’s Kearl oilsands site.
The regulator is investigating two releases of industrial w…
EDMONTON — Alberta’s United Conservative government is trying to increase production from the province’s declining conventional oil and gas fields at the expense of local tax bases, environmental oversight and the public interest, says the group repre…
Triple Point Resources Ltd. CEO Julie Lemieux wants people to understand the sheer size of the Fischell Salt Dome, a geological formation on Newfoundland’s west coast she says could play a key role in the green energy transition.
The dome is a thick m…
CALGARY — TC Energy Corp. says it and its partner have successfully completed the sale of Portland Natural Gas Transmission System.
Earlier this year, the companies announced they were selling the U.S. pipeline for US$1.14 billion to a BlackRock fund …
CALGARY — Pembina Pipeline Corp. says it earned $479 million in its second quarter of this year, a 32-per-cent increase over the same period in 2023.
The Calgary-based pipeline company says its earnings work out to 75 cents per common share, compared …
OTTAWA — More than three decades after Indigenous leaders in northern Alberta began asking for funding to better understand if pollution from the oilsands was making their people sick, the federal government is funding a study to do just that.
“This s…
TORONTO — CIBC is adding TC Energy Corp. chief executive François Poirier to its board of directors.
The major Canadian bank says Poirier will join its board effective Sept. 1.
CIBC board chair Kate Stevenson says Poirier brings deep strategic experti…
CALGARY — Suncor Energy Inc. says its oil and gas production so far in 2024 is tracking ahead of its forecast, though the company is refraining from making changes to its full-year guidance.
The Calgary-based company beat Wall Street’s expectations wi…
CALGARY — Suncor Energy Inc. says it earned $1.57 billion in its second quarter, down from $1.88 billion in the second quarter of 2023.
The Calgary-based oil giant says on an adjusted basis, it earned $1.63 billion, up from $1.25 billion in the prior …
Shipments of Russian liquified natural gas to France more than doubled the first half of this year, according to new analyses of trade data, at a time when Europe has tried to pull back from energy purchases that help finance the Kremlin’s invasion of…
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COMMENTARY: Here’s How to Help Secure Canada’s Energy Sovereignty – Fraser Institute