…unless new Alberta premier Jason Kenney lifts emissions cap.
Cap stays, will proclaim into law a bill to cut oil shipments to BC in response its opposition to the Trans Mountain pipeline expansion.
In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”
Research suggests while renewables are still small, they play a big role in meeting new demand.
No point in doing so if there’s no pipeline capacity to carry the oil to market.
Suncor Energy proposes to chemically treat its tailings, concentrate them all in a single deposit by 2073.
Operating earnings were $580 million versus $1.31 billion, well below analyst expectations of $724 million.
Would convert 77,000 barrels of diluted bitumen daily into medium synthetic crude and an ultra low sulphur diesel.
Production averaged 831,000 barrels of oil equivalent per day, up 12% from Q3.
Abandoned sump pond lacked deterrents to keep waterfowl away, even though the pond met criteria for being high risk.
Report accuses the industry of successfully lobbying Canada to water down climate policies.
Oil sands producer will ramp up capital spending if prices improve and stabilize, and there’s clarity on market access.
Cuts to reduce a glut that increases the discount the oil fetches compared with the North American benchmark.
Price discounts are costing the Canadian economy as much as $80 million per day.
Can be a stop-gap measure to help narrow the price discount.