Energy
Suncor CEO not counting on oil risk premium after Saudi attacks
Incident forces consumers to be more aware of where crude comes from and how secure that source might be.
Alberta inquiry into oil and gas foes could face legal challenge from Ecojustice
Kenney has said deep-pocketed US charities have bankrolled efforts to block Canadian energy development for years.
OPEC, allies weigh further oil production cut in December
Global oil prices fell on the news as forecasts predict a coming economic slowdown and a renewed supply glut.
Trans Mountain hampered by hearings, permits, court action: report
Stand.earth says the pipeline extension project is unlikely to be completed the within a planned three-year timeline.
Global demand for oil has slowed, says latest OPEC estimate
Economic growth reduced to 3% for 2019 and 3.1% for 2020, down 0.1% in each year.
Amnesty concerned about Alberta’s plans to fight oil industry foes
Cites public inquiry into foreign funding of environmental groups and government’s $30-million war room.
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Suncor invests $1.4B in cogeneration units at Oil Sands Base Plant
Will provide steam generation required for Suncor’s extraction and upgrading operations.
Court Trans Mountain appeals focussed on Indigenous consultation
Will examine the calibre of the federal government’s consultations.
Illegal to force carbon price stickers on gas stations: lawsuit
Canadian Civil Liberties Association says Sticker Act violates free speech provisions of the Constitution.
Federal Court of Appeal to rule on letting pipeline challenges proceed
Environment groups say there are not adequate protections for endangered marine species that will be affected by tanker traffic.
Crescent Point selling $912M in assets, including Uinta Basin asset
Calgary-based company says agreements include 27,000 barrels of oil equivalent per day of upstream assets.
Foreign share of oil sands production falls from 33% to 16%
Significant barriers to new investment, more certainty needed around regulatory processes.
Chinese companies commit to oil sands despite setbacks
Patient capital means Chinese majors unlikely they will leave the oil sands anytime soon.
US proposes easing oil rules on climate changing methane emissions
Would ease requirements on oil and gas sites to monitor for methane leaks and plug them.
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Ford government files carbon tax challenge with top court
Province argues that Ontario’s Court of Appeal was wrong to find the carbon price was constitutional.
