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Canadian Natural touts its economic contribution against backdrop of soaring profits

By Amanda Stephenson in Calgary Canadian Natural Resources Ltd.’s president Tim McKay added his voice Thursday to the chorus of oilsands executives who in recent days have been pushing back against critics by touting their industry’s contributions to the...

Enbridge CEO says federal incentives for clean tech will spur investment in Canada

The new incentives for clean energy development in the federal government’s fall fiscal update will make a real difference in helping to attract investment capital to Canada, the chief executive of Enbridge Inc. said Friday. On a conference call to discuss the...

Suncor reducing contractor work force by 20 per cent to improve safety, efficiency

CALGARY — Suncor Energy Inc. is reducing the size of its contractor work force by 20 per cent as part of its effort to improve safety and performance at its oilsands operations. Interim CEO Kris Smith told analysts on a conference call Thursday that more than half of...

Cenovus CEO takes aim at oil and gas critics; says sector pays billions in taxes

By Amanda Stephenson in Calgary With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy Inc. took aim at critics Wednesday by highlighting the billions of dollars the...

‘Money for free’: Critics warn proposed Alberta well cleanup plan a royalty giveaway

EDMONTON — Critics fear Alberta’s new United Conservative premier is preparing to bring in a program that would use billions of dollars in taxpayer-funded royalty breaks to subsidize energy companies to fulfil their legal duty and clean up old wells. The...
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