By Amanda Stephenson in Calgary Imperial Oil Ltd. announced Friday that it is raising its quarterly dividend by nearly 30 per cent and also plans to buy back up to $1.5 billion worth of shares — further evidence that shareholders of Canadian oil and gas stocks are...
OTTAWA — The federal environment minister is calling out Canada’s oil companies for failing to put cash behind their promises to tackle climate change. Steven Guilbeault says the country’s major oil players have promised to do something about greenhouse...
HALIFAX – Environment and Climate Change Canada says it’s still waiting for draft proposals from most provinces on administering a $250-million home heating assistance program announced six weeks ago. The four-year program that includes about $120 million for...
By Amanda Stephenson in Calgary Increased activity in the North American oil and gas sector helped Calgary-based Precision Drilling Corp. return to profitability during the third quarter of 2022, even as the drilling and service sector as a whole struggles with...
CALGARY — Suncor Energy Inc. will buy out Teck Resources Ltd.’s 21.3 per cent stake in the Fort Hills oilsands project for approximately $1 billion, the two companies announced late Wednesday. The 194,000 barrel-per-day capacity oilsands mine north of Fort...
