EDC targets reduced portfolio emissions from oil and gas, aerospace
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...
High Arctic is going tropical, selling well servicing to Precision, and snubbing to Team, but keeping other divisions here
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 keeping nitrogen and small rentals operations going here.
Suncor reaches deal with activist investor, will consider sale of Petro-Canada
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...
Feds propose to cap oil, gas emissions using industry-specific carbon pricing system
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...
Canada’s oilsands look into use of nuclear power as ‘net zero changes everything’
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...
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