Judge orders US to resume oil, gas leasing in North Dakota
A federal judge has ordered the U.S. government to resume oil and gas lease sales on federal lands in North Dakota, even as a legal battle continues over the Biden administration’s decision to pause the leasing program two years ago in an effort to combat climate change.
Lithium in SK, Part 17: Lithium prices have come down … to only US$70,000 a tonne. A decade ago, they were US$7,000
Let’s put this in perspective: Around 2012, I wrote my first story on lithium, and at the time the prices had recently tripled to around $7,000 a tonne. In the fall of 2021, when Prairie Lithium (which this week was acquired by Arizona Lithium) was drilling the first targeted lithium well in Saskatchewan, the price was $21,000 a tonne. By the next spring, it was $65,000 a tonne.
Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive
Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.
The spending commitments announced in Tuesday’s federal budget include tax credits for investments in clean electricity, clean-tech manufacturing, and hydrogen that together are expected to cost some $55 billion through to the 2034-35 fiscal year.
Budget 2023 gives boost to dental care, green economy while searching for savings
By Mia Rabson in Ottawa Finance Minister Chrystia Freeland's 2023 federal budget promises "transformative investments" in Canada's green economy as the country tries to maintain its place in the global clean tech revolution and realign its supply chains...
Crescent Point to buy Spartan Delta Corp.’s Montney assets in $1.7-billion deal
Crescent Point Energy Corp. has reached a deal to buy Spartan Delta Corp.’s Montney oilfield assets in Alberta for $1.7 billion, a deal that will see the Calgary-based company significantly grow its presence in what is one of North America’s largest unconventional petroleum plays.
The all-cash deal announced Tuesday will see Crescent Point acquire 600 drilling locations in the Montney region, adding 38,000 barrels of oil equivalent per day (boe/d) to the company’s production capacity.
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