Canadian Natural Resources
Canadian Natural Resources president Tim McKay says the solution is acceptable as long as it is “broad-based” and fair to all participants.
Will also cut CEO and other executive salaries and board members have agreed to cut their fees.
Premier Rachel Notley says the Canadian economy is losing out because oil from Alberta is selling about $45 a barrel less than West Texas Intermediate in the United States.
Continues a trend to bolt on brownfield production to avoid the high costs and risks of building new mines.
Boost to come from the Fort Hills project, expected to achieve first oil late this year, and other projects.
Some companies applying wage reductions to save jobs
Oil and gas giant cites NDP’s higher Alberta tax rate.
Facility has been offline since May 23 because of a large wildfire in the area.
Energy companies could be on the hook for billions in damages.
Second order issued over northern Alberta oil sands project, CNRL to find root cause of bitumen releases.
Canadian producers whacked by the double-discount on crude.
Two temporary workers died in 2007 when a storage tank collapsed at Horizon project.
Canadian Natural Resources says production may be restored to half capacity sooner than expected.at its Horizon upgrader site after a fire Jan. 6.