CALGARY — Oil and gas producer Vermilion Energy Inc. says it is acquiring privately held Westbrick Energy Ltd. for $1.075 billion. The Calgary-based company says the transaction marks a “significant step forward” in increasing operational scale in...
By Steve Lambert, The Canadian Press WINNIPEG — The Manitoba government is ending its yearlong fuel tax holiday but bringing back the levy at a lower rate. The government temporarily suspended the 14-cents-a-litre tax on gasoline and diesel at the beginning of 2024 as...
CALGARY — Vermilion Energy Inc. raised its dividend as it outlined a capital spending plan of $600 million to $625 million for 2025. The company says it will pay a quarterly dividend of 13 cents per share, up a penny from 12 cents per share. Vermilion says its capital...
British Columbia’s new finance minister said she is “realistic” about the economic challenges facing the province after announcing this year’s record deficit is projected to reach $9.4 billion. Brenda Bailey said Tuesday that the forecasted...
A Canadian company that has received a US$40-million grant from Bill Gates’ climate solutions venture firm says its Alberta test site will be removing carbon directly from the atmosphere as early as this spring. Montreal-based startup Deep Sky announced...
