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Protest at an oil and gas site
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Why portfolio simplification and shareholder activism matter

June 21, 2022 by Jason Contant

To successfully lead a company through an era of constant change, a CEO should consider simplifying the company’s portfolio and prepare for shareholder activism, a Harvard Business Review blog says. Inflation, geopolitics, supply chain issues, labour costs, divisiveness, unsettled equity

Environment Minister Steven Guilbeault speaking during Question Period
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Oil and gas sector “cannot do business as usual”: Environment Minister

April 5, 2022 The Canadian Press

OTTAWA – Environment Minister Steven Guilbeault says a new report from the United Nations’ climate agency shows the oil and gas sector “cannot do business as usual” even as the government is still considering approving a massive new offshore oil

Prime Minister Justin Trudeau delivering the keynote address at the GLOBE Forum in Vancouver
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Oil and gas sector emissions need to be cut two-fifths by 2030, new climate plan says

March 30, 2022 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Prime Minister Justin Trudeau told the Canadian oil industry Tuesday that it should use the massive bump in profits from the current surge in prices to fund a transition to cut their emissions. The federal government unveiled an

A decommissioned pumpjack in Alberta
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Alberta Appeal Court keeps $217 million oilpatch cleanup liability case alive

March 29, 2022 Bob Weber - THE CANADIAN PRESS

A bankruptcy hearing that could determine whether more than $200 million in oilpatch environmental liabilities wind up on the public dime will have to go back to court. The Alberta Court of Appeal ruled Friday that the long-running bankruptcy of

Sunset over pumpjack silhouette
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Alberta auditor general gives qualified thumbs up to oil well cleanup spending

March 23, 2022 The Canadian Press

EDMONTON – The Alberta government is getting mostly check marks from the province’s auditor general over how it handled the billion dollars it got from Ottawa to clean up abandoned oil and gas wells and get service contractors back to

Picture of a pipeline in Alberta
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Poilievre promises to build more pipelines, remove oil tanker ban in northern B.C.

March 4, 2022 The Canadian Press

REGINA – Ottawa-area MP Pierre Poilievre says he would repeal what he calls Prime Minister Justin Trudeau’s “anti-energy” laws if he becomes the next leader of the Conservatives. Pierre told a campaign stop in Regina that if he becomes party

An above-ground section of Enbridge's Line 5
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Canada has existing options if Line 5 shuts down, environmental report argues

February 17, 2022 James McCarten - THE CANADIAN PRESS

WASHINGTON – Viable alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down, says a new report from a Canadian environmental group looking to bridge the ideological gulf in the public debate over North America’s continuing

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Canada on track to reduce fossil fuel use by 62% by 2050

December 10, 2021 Amanda Stephenson - THE CANADIAN PRESS

CALGARY – A new forecast says Canada is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues. In a new report on long-term Canadian energy supply

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Alberta rolls out new rules forcing industry to pay for abandoned well cleanup

December 1, 2021 The Canadian Press

CALGARY – Alberta’s oil and gas regulator has rolled out new rules aimed at addressing the growing problem of inactive and abandoned wells in the province. The new rules will require the energy industry to spend $422 million next year

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Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill

October 20, 2021 The Canadian Press

ST. JOHN’S, N.L. – Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board

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Canada leads world with pledge to curb methane leaks from oil and gas sector

October 15, 2021 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Canada is nearly doubling its target to cut methane emissions from the oil and gas sector as it prepares to sign a new global pledge at next month’s climate talks in Scotland. The colourless and odourless gas amounts

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Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator

May 31, 2021 Bob Weber - THE CANADIAN PRESS

EDMONTON – There’s lots of life in Alberta’s conventional oil industry and plenty of resources and political will to clean up the mess it leaves behind, says the head of the province’s energy regulator. “Will there be halcyon-days growth in