Imperial Oil CEO believes company will be ‘resilient’ to potential tariffs from U.S.
The chief executive of Imperial Oil Ltd. says he hopes Canada can avoid potential tariffs from the U.S. on energy products, but believes his company should be well-positioned to withstand the negative effects.
Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility
CALGARY — Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility. Shell is swapping its...
Imperial Oil raises quarterly dividend as fourth-quarter profits down from last year
Imperial Oil Ltd. raised its quarterly dividend as it reported a fourth-quarter profit of $1.23 billion, down from $1.37 billion in the same quarter last year.
DEEP brings SLB onboard for geothermal project
SASKATOON - DEEP Earth Energy Production Corp. (DEEP) announced on Jan. 29 a strategic collaboration with global energy technology company SLB (NYSE: SLB) to drive the development of Canada’s first next-generation geothermal project, located in southeast Saskatchewan....
Eric Cline’s Squandered: Canada’s Potash Legacy: Windfall profits, economic rent and paying for social services, Part 3
“It is abundantly clear that the division of profits from potash is grossly unbalanced. The province is shortchanging its own treasury and people.”
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