Imperial Oil signs deal with E3 Lithium to advance pilot project

By Amanda Stephenson in Calgary Imperial Oil Ltd. has signed a deal to help advance a lithium project in Alberta’s historic Leduc oilfield. The agreement will see Imperial invest $6.35 million in E3 Lithium, a Calgary-based junior resource company that has...

PBO says Trans Mountain pipeline to result in net loss for government

OTTAWA — The Parliamentary Budget Officer says the federal government now stands to lose money from its investment in the Trans Mountain pipeline. The latest analysis shows the net present value of the pipeline is negative $600 million, leaving it worth about $1.2...