Scotiabank no longer a member of oil and gas lobby group CAPP

By Amanda Stephenson in Calgary Scotiabank has chosen not to renew its long-running membership in the Canadian Association of Petroleum Producers, a move that comes at a time when financial institutions are facing growing scrutiny for their role in contributing to...

Alberta Appeal Court says federal environmental impact law not OK

By Colette Derworiz CALGARY – The Alberta Court of Appeal says the federal government’s environmental impact law is unconstitutional. The Alberta government, calling it a Trojan Horse, had challenged the Impact Assessment Act over what the province argued...

Suncor Energy reports earnings of $2.95B as oil prices surge

CALGARY – Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher. The Calgary-based oil producer and refiner reported after...