The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday. “It is great for industry and Canada to have that tremendous asset...
Suncor Energy Inc. says it earned $1.61 billion in the first three months of 2024, down from $2.05 billion a year earlier. The Calgary-based energy giant says its first-quarter earnings amount to $1.25 per common share, compared with...
The Alberta government has appointed a new committee to look into ways to speed up the reclamation of the large and growing tailings ponds in the province’s oilsands. The oilsands mine water steering committee will examine potential policies and options that...
Meg Energy Corp. says it earned $98 million in its first quarter, up from $81 million during the same quarter last year. Meg Energy CEO Darlene Gates says the additional pipeline capacity from the start-up of the Trans Mountain expansion is expected to narrow...
A major Alberta utility has cancelled a large wind power project in response to new government rules on where such developments can be built. TransAlta CEO John Kousinioris said Friday the 300-megawatt Riplinger project near Cardston in southern Alberta will no longer...
