Skip to content

Oil & Gas and Mining News

Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal

Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal

CALGARY — A judge has sided with Parkland Corp. in its last-minute decision to delay its shareholder meeting by more than a month so investors can vote on a US$9.1-billion takeover by Sunoco LP at the same time they elect a board of directors.
Read more >
Quebec Liberal leadership hopefuls say they're open to fossil-fuel projects

Quebec Liberal leadership hopefuls say they're open to fossil-fuel projects

LAVAL — Several candidates for the leadership of the Quebec Liberal Party say they're open to fossil-fuel projects in the province as a means to boost Canada's energy independence. In Laval, Que.
Read more >
Imperial says frigid weather crimped Kearl oilsands mine output in Q1

Imperial says frigid weather crimped Kearl oilsands mine output in Q1

CALGARY — Imperial Oil Ltd. said frigid weather was to blame for reduced output at its Kearl oilsands mine in northeastern Alberta during the first quarter, but that it's since recovered to deliver strong April production.
Read more >
Woodfibre LNG makes application to add a second 'floatel' to house workers

Woodfibre LNG makes application to add a second 'floatel' to house workers

SQUAMISH — Woodfibre LNG says it is hoping to add a second "floatel" at its project site near Squamish, B.C., to house as many as 900 workers for its liquefied natural gas project.
Read more >
Alberta seeks court ruling on constitutionality of Ottawa's clean electricity plan

Alberta seeks court ruling on constitutionality of Ottawa's clean electricity plan

EDMONTON — Alberta's government is seeking a court ruling on the constitutionality of Ottawa's clean electricity grid regulations. The regulations, finalized late last year, lay out a plan to decarbonize electricity grids across Canada by 2050.
Read more >
TC Energy expanding U.S. gas network to fuel data centre growth in Midwest

TC Energy expanding U.S. gas network to fuel data centre growth in Midwest

CALGARY — TC Energy Corp. has green-lit a US$900-million pipeline expansion feeding new natural gas-fired power plants in the U.S.
Read more >
Activist investor hasn't cleared bar to take control of Parkland board: advisory firm

Activist investor hasn't cleared bar to take control of Parkland board: advisory firm

CALGARY — A prominent shareholder advisory firm says a dissident investor has not cleared the bar to justify taking control of Parkland Corp.'s board of directors, but there is a case for change.
Read more >
Capital Power focused on closing $3-billion U.S. power plant deal

Capital Power focused on closing $3-billion U.S. power plant deal

The chief executive of Capital Power Corp. said a key focus in the months ahead will be digesting two soon-to-be purchased U.S. natural gas power plants.
Read more >
Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

The Canadian economy shrunk in February, but economists say bad weather was likely the larger culprit than uncertainty related to the trade war with the U.S. Statistics Canada said Wednesday that real gross domestic product decreased 0.
Read more >
RBC scraps sustainable finance commitment, holds back on disclosures

RBC scraps sustainable finance commitment, holds back on disclosures

TORONTO — Canada's largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing.
Read more >