Industry
Energy
Enbridge starts construction on Line 3 in Minnesota
Energy company is replacing the deteriorating pipeline, built in the 1960s, runs at only half its original capacity.
Imperial Oil to lay off 200 workers following cost cutting analysis
Also reduced the number of contractors it employs by about 450 since the start of the year.
May be no need for Trans Mountain expansion: Canada Energy Regulator
Under an evolving scenario, Line 3 alone is enough added capacity to handle an 15% increase before peaking in 2039.
Imperial Oil to end Syncrude services contract as Suncor takes over
Switching operatorship a sign the oil sands mining industry has evolved from a high-cost and risky, to more proven and predictable.
Fossil fuels declining, but still big in Canada’s energy use by 2050: report
Even with many more policies to curb emissions, oil and gas would still make up nearly two-thirds of energy sources.
US Army Corps of Engineers approves key Line 3 permit
It’s compliant with all federal laws and regulations, decision is based on balancing development with protecting the environment.
Suncor agrees to begin operating Syncrude by end of next year
Agreement required from Imperial Oil Resources, CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership.
Public could be on the hook for costs of decommissioning NL offshore
…but how much of it will be borne by taxpayers is not public information.
Boralex signs $283M deal for control of seven US solar power plants
Operations were commissioned between 2014 and 2017 with long-term power purchase agreements.
Boralex consolidates ownership in three wind farms with CDPQ stake
They have long-term power purchase agreements with Hydro-Quebec Distribution, expiring between 2032 and 2033.
Drilling forecast calls for 14% rebound in 2021 from depths of 2020
The Canadian Association of Oilwell Drilling Contractors expects 3,771 wells to be drilled next year.
Small nuclear reactor plan laying out key actions coming in a few weeks
Proponents consider them ideal as part of the regular electricity grid and remote locations, but critics point to radioactive waste.
TC Energy says Keystone XL pipeline fits Biden agenda
Forging ahead with construction despite president-elect’s vow to rip up the presidential permit allowing it to cross the border.
Why oil and gas are fundamental to Canada
$493 billion in energy revenues paid to governments since 2000 is more than family allowance and children’s benefits since 1970.
Natural Law Energy inks deal with TC Energy to invest in Keystone XL
Indigenous group represents four First Nations in Alberta and one in Saskatchewan.
