Suncor uninterested in selling Petro-Canada, CEO says despite shareholder pressure
CALGARY — Suncor Energy Inc. is not interested in selling off its Petro-Canada retail network, the oil giant's chief executive said Tuesday, in spite of pressure from an aggressive activist investor. Speaking publicly for the first time since...
Trudeau says feds will appeals court decision throwing out the Impact Assessments Act
OTTAWA – Reaction in Ottawa was swift in response to the Alberta Court of Appeal’s ruling on the Impact Assessments Act, derided as its critics as the “No More Pipelines” bill.
Alberta Appeal Court says federal environmental impact law not OK
By Colette Derworiz CALGARY - The Alberta Court of Appeal says the federal government's environmental impact law is unconstitutional. The Alberta government, calling it a Trojan Horse, had challenged the Impact Assessment Act over what the province argued was its...
Saturn saw $109.20 per bbl for its crude in Q1
CALGARY – Saturn Oil & Gas Inc. has continued its winning streak with its acquisition of oil producing assets in southeast Saskatchewan from Crescent Point. The numbers have meant large improvements year-over-year. And the large numbers aren’t only in production....
Suncor Energy reports earnings of $2.95B as oil prices surge
CALGARY - Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher. The Calgary-based oil producer and refiner reported after markets...
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