HALIFAX — An Alberta energy company has abandoned its plan to create huge salt caverns north of Halifax to store natural gas. AltaGas announced today it will decommission the Alton Natural Gas Storage Project near Stewiacke, N.S., because the company has shifted its...
EDMONTON — Canadian environmental groups did nothing wrong when they accepted foreign funding for campaigns opposing oilsands development, a public inquiry has reported. In his much-delayed report released Thursday, Steve Allan, commissioner of the Inquiry into...
CALGARY — Precision Drilling Corp. says it lost $38 million in its latest quarter as drilling ramped up and revenue rose more than 50 per cent compared with a year ago. The Calgary-based company says the loss amounted to $2.86 per diluted share for the year ended...
A new international report finds forecasts for fossil fuel production around the world are way out of step with government climate commitments. But one of the report’s authors says Canada’s falling projections for its industry are more realistic than those...
ST. JOHN’S, N.L. — Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board...
