OTTAWA — Export Development Canada (EDC) has laid out emission reduction targets for its lending portfolios in the oil and gas and aerospace industries as part of its long-term goal to become carbon neutral by 2050. The Crown corporation says it aims to reduce its...
CALGARY – Precision Drilling is getting larger on the well servicing side, and perhaps now ironically named High Arctic Energy Services is getting out of its Canadian well servicing and snubbing operations to focus on tropical work in Papua New Guinea. But it is...
By Adena Ali Suncor Energy Inc. said Monday that it has reached a deal with activist investor Elliott Investment Management LP that will see it undertake a strategic review of its Petro-Canada gas station chain with the goal of “unlocking shareholder...
OTTAWA — The federal government is proposing to use an industry-specific cap-and-trade system or a modified carbon pricing system to set a ceiling for emissions from the oil and gas sector and drive them down almost 40 per cent by the end of this decade. The two...
CALGARY — The pressing global need to slash emissions in the face of a growing climate crisis is driving renewed interest in nuclear power — and few places more so than in Canada’s oilsands. While the idea of using nuclear power to replace the fossil fuels...
REGINA – It’s hot out, and Saskatchewan people have cranked up their air conditioners. SaskPower announced on July 15 that two days earlier, the province hit a summer peak in electrical demand. On July 13, at 5:22 p.m., SaskPower observed a new summer demand record...
