A Canadian company that is pioneering the use of direct air capture technology to remove carbon dioxide directly from the atmosphere has been acquired by U.S. oil company Occidental Petroleum. The US$1.1-billion deal will see Squamish, B.C.-based Carbon Engineering...
By Amanda Stephenson in Calgary The man hired to turn around the flagging fortunes of Suncor Energy Inc. said Tuesday he believes the company has been too focused in recent years on the energy transition and must get back to an oil-centred business strategy. CEO Rich...
New Democrats in two Western provinces are split over the Liberal government’s goal of a net-zero electricity grid by 2035, with the federal party now saying it supports that timeline. Federal Environment Minister Steven Guilbeault released draft regulations...
Alberta Premier Danielle Smith offered up conflicting explanations Monday for why her government put a temporary ban on large wind and solar energy projects. Smith said the seven-month pause on renewables started because the Alberta Utilities Commission and the...
Suncor Energy Inc. says it earned $1.88 billion in the second quarter of 2023, down from approximately $4 billion in the same period last year when oil prices were higher. The Calgary-based energy giant says it took a $275-million restructuring charge in the quarter...
