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Federal government faces potential loss if Trans Mountain pipeline sold: PBO

  Taxpayers are facing potential billions of dollars in losses on the sale of the Trans Mountain pipeline as the Parliamentary Budget Officer estimates its current value is less than the sum of its assets. The pipeline could be worth between $29.6 billion and...

COP29 primer: Canada’s priorities at the global climate talks, and the Trump impact

Canada could be an important consensus builder at this year’s international climate negotiations, Environment and Climate Change Minister Steven Guilbeault said, while downplaying concerns that Donald Trump’s presidential election victory could hamper the...

Alberta asks municipalities to name oil companies not paying taxes, reeve says no use

By Jack Farrell EDMONTON — The Alberta government is asking rural municipalities to send letters pointing the finger at specific oil and gas companies that aren’t paying their property taxes — but one rural leader says there’s no hope for...

MEG says 2024 production to come in at low end of forecast due to wildfires

CALGARY — Oilsands producer MEG Energy Corp. expects its full-year 2024 production to come in towards the lower end of its forecast range, in part due to the wildfires that forced a temporary evacuation of its Christina Lake site in July. MEG was one of several...

Emissions cap puts methane in spotlight; industry says low-hanging fruit already gone

By Amanda Stephenson Oil and gas producers who have already made progress on lowering their methane emissions over the last decade say further large-scale reductions will be tougher to deliver. The federal government published new draft regulations Monday that would...
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