Insurers have a role in Canadian natural gas exports
February 1, 2023 Philip PoradoLiquified natural gas (LNG) and infrastructure connectivity across Europe will be critical to ensuring a long-term energy supply for the continent, noted a Fitch Ratings report. The ratings agency said strong supplies of LNG, along with a relatively mild winter,…
Environment commitments not met by Canada’s oil and gas companies, new report shows
September 26, 2022 Caitlin Yardley - THE CANADIAN PRESSMost of Canada’s oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said. A report from the Pembina Institute said little has been done by…
Why portfolio simplification and shareholder activism matter
June 21, 2022 by Jason ContantTo 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…
Oil and gas sector “cannot do business as usual”: Environment Minister
April 5, 2022 The Canadian PressOTTAWA – 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…
Oil and gas sector emissions need to be cut two-fifths by 2030, new climate plan says
March 30, 2022 Mia Rabson - THE CANADIAN PRESSOTTAWA – 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…
Alberta Appeal Court keeps $217 million oilpatch cleanup liability case alive
March 29, 2022 Bob Weber - THE CANADIAN PRESSA 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…
Alberta auditor general gives qualified thumbs up to oil well cleanup spending
March 23, 2022 The Canadian PressEDMONTON – 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…
Poilievre promises to build more pipelines, remove oil tanker ban in northern B.C.
March 4, 2022 The Canadian PressREGINA – 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…
Canada has existing options if Line 5 shuts down, environmental report argues
February 17, 2022 James McCarten - THE CANADIAN PRESSWASHINGTON – 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…
Canada on track to reduce fossil fuel use by 62% by 2050
December 10, 2021 Amanda Stephenson - THE CANADIAN PRESSCALGARY – 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…
Alberta rolls out new rules forcing industry to pay for abandoned well cleanup
December 1, 2021 The Canadian PressCALGARY – 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…
Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill
October 20, 2021 The Canadian PressST. 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…