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Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion dollar deal to create a major Canadian shale player that they say will stand stronger against political and market upheaval than if they were to each go it alone. “The pro forma company will be more resilient and better able to manage the…
The push for Canada to send more of its oil and natural gas to markets outside of the United States intensified Tuesday as U.S. President Donald Trump pressed ahead with a 10 per cent levy on energy imports. “This crisis demonstrates the clear and urgent need to build more natural resource infrastructure,” said the Explorers…
Climate advocacy groups are calling on officials to crack down on the fossil fuel industry’s role in K-12 education, suggesting its alleged influence has gone largely unchecked in the absence of robust climate change education. A report released Tuesday by the groups For Our Kids and Canadian Association of Physicians for the Environment suggests at…
As concerns rise about Canada’s reliance on the U.S. for energy exports, Enbridge Inc. chief executive Greg Ebel says getting a big new energy export project off the ground in this country would require drastic shifts in government policy. Speaking on an earnings call, he laid out numerous criteria such as legal guarantees for a…
With both Canada and the United States set to implement tariffs on each other’s goods, there is some relief for Canada’s energy sector. Many Canadian products will be slapped with a 25 per cent tariff on Tuesday. Industry experts say the lower 10 per cent tariff proves how Alberta’s oil and gas is crucial for…
President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025. Kent Nishimura for The Washington Post | Getty Images Donald Trump has confirmed he will impose 25% tariffs on imports from Mexico and Canada from February, following through on threats issued weeks earlier. The…
The president of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline project that would have created another route for Alberta’s oil to get to the Pacific Ocean. Grand Chief Stewart Phillip said Tuesday that while he “really fought against” Northern Gateway’s construction before it was scuttled…
By Staff The Canadian Press Posted January 7, 2025 4:09 pm Updated January 7, 2025 4:10 pm 1 min read Descrease article font size Increase article font size The Alberta government is partnering with Calgary-based pipeline company Enbridge Inc. to increase the province’s oil and gas pipeline capacity. The agreement is to begin with a…
Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs from its oilsands assets. In its corporate guidance for 2025, released Thursday, the Calgary-based energy giant said it plans to grow its total oil and…
