Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry.

The global demand for oil will hit its peak within the next decade but according to a new report, that peak is much lower than projected due to COVID-19.

French energy giant Total says it is writing off $9.3-billion (US$7 billion) worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Producers.

The newly-released document contradicts previous claims that temporary oil patch rule changes were aimed at stopping the spread of COVID-19.

The Canadian Association of Petroleum Producers says if bridge loans for smaller oil and gas companies aren't ready to flow soon some companies will have to turn to less-safe options to survive the COVID-19 slowdown.

New forecasts show dramatically lower expectations for 2020 capital spending in the oil and gas sector both nationally and in Alberta, the province that produces 65 per cent of the country's natural gas and 82 per cent of its oil.

This is not how you pursue "ethical oil," said Mikisew Cree First Nation Chief Archie Waquan.

The oil and gas sector and the Alberta government are applauding a federal financing relief package for large Canadian companies despite conditions that could link the aid to an individual company's climate change goals.

Teck Resources is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.

One First Nation was shocked and disappointed by Alberta's decision, while another was asked to resume consultations as it confirmed its first case of COVID-19