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Keystone restrictions, market uncertainty weigh on South Bow earnings forecast

CALGARY — Oil shipper South Bow Corp. is lowering the upper end of its 2025 earnings forecast due to market uncertainty and ongoing pressure restrictions on its Keystone pipeline. A segment of the Alberta-to-Texas system ruptured and spilled crude onto North Dakota...

Strathcona Resources makes stock-and-cash takeover offer for MEG Energy

CALGARY — Strathcona Resources Ltd. is making a takeover stock-and-cash offer for oilsands producer MEG Energy Corp. that values the company at about $5.9 billion. The offer comes after Strathcona, which already owns about a 9.2 per cent stake in MEG, says it sent a...

Enbridge sells stake in Westcoast pipeline to B.C. First Nations group for $715M

CALGARY — For more than 65 years, Enbridge Inc.’s Westcoast pipeline has been pumping natural gas through First Nations territories across British Columbia. Under a deal announced Thursday, three dozen of those communities are to see long-term financial benefits...

AFN chief calls for review of natural resource deals amid talk of Alberta separation

AFN National Chief Cindy Woodhouse takes part in a panel during the Assembly of First Nations Special Chiefs Assembly in Ottawa on Thursday, Dec. 5, 2024. THE CANADIAN PRESS/Sean Kilpatrick The national chief of the Assembly of First Nations is calling for a...

B.C.’s low snowpack, melt signal drought, raising concern for hydro power

  Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province’s latest snowpack and water supply bulletin says. The drought, in turn, is...
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