Energy
Big energy’s interest in renewable energy investments expected to waver
Report says that won’t likely slow overall investment; fossil fuel players weren’t putting much money into it anyway.
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Next generation solar panels boost efficiency but may carry toxic risks
New technologies rely on nanomaterials that include toxic heavy metals like lead and cadmium.
Sides in Regina refinery contract dispute dug in despite mediator’s report
Federated Co-operatives unable to accept all the terms, tabled another offer that Unifor says includes “new, aggressive concessions.”
COVID-19 scare at oil sands work camp tests businesses’ plans
Possible virus case shows Civeo’s safety protocols at Suncor Energy base camp work.
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Suncor cuts $1.5B from budget to cope with low oil prices, virus impact
Cuts follow billions in spending reductions by other major oil sands players.
Precision Drilling moves to cut costs and capital spending plan
Lowering to $48 million, compared with earlier expectations for $95 million.
Electricity rates not being cut despite surge in use from shut-ins
Utilities indicate they can’t unilaterally reduce rates set by provincial energy boards.
Canadian Natural cuts spending, as more producers trim capital plans
Will also cut CEO and other executive salaries and board members have agreed to cut their fees.
Pembina Pipeline cuts capital spending plan by up to $1.1B
Anticipating a revised 2020 capital budget of between $1.2 billion and $1.4 billion.
TransAlta acquires a 29 MW cogeneration plant in Michigan
Plant is contracted under a long-term power purchase and steam sale agreements for six years.
Energy shares continue falling as more firms cut capital budgets
Value of Canada’s top energy companies has been cut almost in half over the past week.
Spring breakup slowdown offers needed pause for hard hit drilling industry
Drilling will be reduced even more than usual: 31% decline forecast for average working rig count in Canada for the rest of 2020.
TC Energy starts US prep work for Keystone XL pipeline
Clearing a path through US states along the pipeline’s 1,930-kilometre route to begin soon.
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Cenovus cuts 2020 capital spending plan, lowers production guidance
Now plans up to $1 billion this year, down from earlier plans for between $1.3 billion and $1.5 billion.
CPP investment CEO bullish on oil despite price crash, emissions debate
He cites demand for fossil fuels, which is expected to remain strong for many years.
