Our $38-million-a-day gift to Americans
Donald Trump says Canada’s energy exports are unfair to the US, but he’s clearly unaware that we’ve given Americans the biggest trade gift ever…
NAFTA energy clause draws Canadian criticism
Business groups on both sides of the political spectrum say the “proportionality clause” is outdated and gives the US too much control over Canadian energy production.
How the oil sands changed Alberta and Canada forever
What started in the 1920s as Robert Fitzsimmons’ ticket to riches has turned into an industry that attracted $34 billion in investment in 2014.
Cenovus to buy ConocoPhillips’s Canadian assets for $17.7B
Deal makes the US-based company the latest international energy producer to lessen it’s exposure to Alberta.
Oil sands back-to-business results expected as wildfire impact dissipates
Provincial estimates report Alberta oil sands production dropped by about one million barrels per day in May, 700,000 bpd in June.
National energy plan must replace focus on individual projects: Valero CEO
Not enough focus is being placed on Canada’s energy needs and natural resource export requirements.
Baytex Energy cutting capital spending, ending dividend payouts
Exploration and development spending will be 25% below the 2015 levels next year.
Ivanhoe Energy declares bankruptcy
Restructuring talks with creditors fail.
CNRL flags uncertainty over royalties, taxes with Alta. NDP
NDP Premier Notley notes lack of progress on combatting climate change bigger cause of uncertainty for oil and gas industry.
Shell Canada delays Carmon Creek project startup
Energy producer wants to refine project design and retender some contracts.
Alberta boosts taxes, but still plans to run record deficit
Corporate income taxes will remain at 10%, but there’s a new income tax bracket on those who earn more than $100,000.
Low carbon economy within reach, scholars says
We need a sweeping remake of how Canada produces and uses energy, report says.
Ontario among provincial leaders in economic growth: Conference Board
Province’s economy projected to grow by 2.9% in 2015, bolstered by strong exports and consumer spending.
Lax climate policy hasn’t resulted in ‘energy super power’ status for Canada
Record energy numbers may not be enough to keep the Conservatives’ pro-growth energy policies from derailing.
Oil and gas foreign investment already tops $19.6B in 2014
Research reveals 98% of Canadian energy production is exported to the US.