Cenovus is recommending investors at its annual general meeting vote against a shareholder motion requiring it to set greenhouse gas emission targets aligned with the goals of the Paris climate accord. Continue reading
Norway’s US$1-trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies including some Canadian names, but stopped short of barring major producers like Suncor, ExxonMobil and Chevron. Continue reading
Cenovus Energy Inc. reported a $1.36-billion loss in its latest quarter as it faced deep discounts for Western Canadian Select oil. Continue reading
Oilsands producers Cenovus Energy Inc. and Athabasca Oil Corp. have announced capital budgets that restrict spending to what’s required to almost maintain current production levels in 2019. Continue reading
Oil production cuts will have the desired outcome of reducing steep discounts on Alberta oil — but it will also create winners and losers, according to financial analysts. Continue reading
Shares in oilsands companies most likely to benefit from Alberta’s move to curtail oil production are soaring in the wake of Sunday’s announcement by Premier Rachel Notley. Continue reading
Suncor Energy says it’s assessing the impact of the Alberta government’s move to curtail oil production by 8.7 per cent next year. Continue reading
While the province looks at ways to temporarily address the oil price differential, an Alberta economist has some long-term fiscal recommendations. But the premier says big cuts or a sales tax aren’t on the table. Continue reading
The Alberta Party caucus is calling on the province to curtail all oil production. Continue reading
Oilsands and refining giants Suncor Energy Inc. and Husky Energy Inc. are rejecting a call by rival Cenovus Energy Inc. for government-imposed production cuts to reduce an oversupply of oil in Alberta linked to steep price discounts. Continue reading