OTTAWA — The federal environment minister is calling out Canada’s oil companies for failing to put cash behind their promises to tackle climate change. Steven Guilbeault says the country’s major oil players have promised to do something about greenhouse...
HALIFAX – Environment and Climate Change Canada says it’s still waiting for draft proposals from most provinces on administering a $250-million home heating assistance program announced six weeks ago. The four-year program that includes about $120 million for...
By Amanda Stephenson in Calgary Increased activity in the North American oil and gas sector helped Calgary-based Precision Drilling Corp. return to profitability during the third quarter of 2022, even as the drilling and service sector as a whole struggles with...
CALGARY — Suncor Energy Inc. will buy out Teck Resources Ltd.’s 21.3 per cent stake in the Fort Hills oilsands project for approximately $1 billion, the two companies announced late Wednesday. The 194,000 barrel-per-day capacity oilsands mine north of Fort...
By Amanda Stephenson in Calgary Crescent Point Energy Corp. announced a special dividend for shareholders Wednesday, as continued high oil prices helped the Calgary-based oil and gas company deliver a five-fold increase in profits in its third quarter. Crescent Point,...
