Oil & Gas and Mining News

A Canadian company that has received a US$40-million grant from Bill Gates' climate solutions venture firm says its Alberta test site will be removing carbon directly from the atmosphere as early as this spring.

CALGARY — Vermilion Energy Inc. raised its dividend as it outlined a capital spending plan of $600 million to $625 million for 2025. The company says it will pay a quarterly dividend of 13 cents per share, up a penny from 12 cents per share.

OTTAWA — The federal government has pushed its target to achieve a net-zero electricity grid back 15 years to 2050 as part of new clean electricity regulations announced Tuesday — though officials maintain that target date was always the goal.

British Columbia's new finance minister said she is "realistic" about the economic challenges facing the province after announcing this year's record deficit is projected to reach $9.4 billion.

CALGARY — Parkland Corp. says its current chief financial officer Marcel Teunissen will assume the role of president for North America effective Jan. 1.

VICTORIA — Human error during a fuel transfer at a fish farm off the west coast of British Columbia has resulted in a spill into the water of up to 8,000 litres of diesel. The B.C.

TORONTO — All 13 of the country's premiers will remain united as "Team Canada" in the face of a tariff threat from the United States despite "chaos" in Ottawa, Ontario Premier Doug Ford said hours after the federal finance minister's resignation.

VANCOUVER — The company behind what will be Canada's first major liquefied natural gas export facility has appointed a new CEO. LNG Canada says Chris Cooper will succeed current chief executive Jason Klein, effective April 1, 2025.

EDMONTON — Calgary-based pipeline giant Enbridge says it has cleaned up about 60 per cent of a nearly 265,000-litre oil spill in Wisconsin that was discovered last month.

OTTAWA — Incoming U.S. president Donald Trump is brushing off Ontario's threat to restrict electricity exports in retaliation for sweeping tariffs on Canadian goods, as the province floats the idea of effectively barring sales of American alcohol.