Bitumen

• New hurdle signals more cost overruns for Trans Mountain’s controversial pipeline

  The costly implications of an 11th-hour change in construction plans by Trans Mountain for the controversial Trans Mountain bitumen pipeline expansion project.

  Environment

  Sep 16, 2023
  
• Exclusive: The feds bought a pipeline for $5B. How did the cost balloon to over $30B?

  How a pipeline project, purchased by the Trudeau government, went from an initial estimate of $5.4 billion to $30.9 billion, potentially leaving Canadian taxpayers on the hook.

  Economy

  Aug 9, 2023
  
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• Regulator slows Trans Mountain proposal for higher shipping fees

  Canada's energy regulator says it won't rubber-stamp Trans Mountain's higher shipping fees. Those fees are needed to pay off the federally owned project's already ballooning debt.

  Economy

  Aug 8, 2023
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• CP Rail-Kansas City Southern rail merger to unite loading and unloading links for bitumen transport

  "Both Canadian Pacific and Kansas City Southern were instrumental in making the diluent recovery unit (DRU) and DRUbit-by-rail (DBR) a reality."

  Politics

  Mar 24, 2021
• Company says it has funding for commercial pilot to test radio frequency oilsands technology

  A company investigating the use of radio frequency energy as a cleaner way to produce bitumen from the oilsands says it has the financial means to proceed with a pilot project.

  Environment

  Mar 17, 2021
• Keystone XL’s cancellation sparks interest in diluent recovery unit: energy firm CEO

  The CEO of Gibson Energy says clarity about the future of the Keystone XL pipeline has spurred increased interest in an expansion of its diluent recovery unit.

  Money

  Feb 23, 2021
• TC Energy plans net zero emissions for Keystone XL even as project’s future in doubt

  Documents suggest Joe Biden will kill the project as soon as Wednesday when he's sworn in as U.S. president, rescinding a construction permit granted by predecessor Donald Trump.

  Canada

  Jan 18, 2021
• ‘It’s not credible anymore’: Does Alberta still have a tax advantage?

  With no provincial sales tax, and high personal income tax exemptions, Alberta has long charged the lowest tax rates on its citizens in the country, relying heavily on non-renewable resource revenues to fill the gap.

  Money

  Aug 28, 2020
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• MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output

  Oilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil prices.

  Money

  Jul 27, 2020
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• Sturgeon Refinery now refining Alberta bitumen

  The refinery began producing diesel from synthetic oil in late 2017, but problems with a gasifier unit on site delayed the switch to bitumen.

  Economy

  May 20, 2020