Oil and Gas
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Wilkinson says White House, senators have ‘sympathy’ for Canada’s position on Line 5The 65-year-old pipeline, a vital energy artery for border states in the U.S. Midwest as well as Ontario and Quebec, is facing a pair of existential legal challenges.PoliticsMay 13
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Canada losing ground in global LNG race, former B.C. premier saysFormer B.C. premier Christy Clark says Canada's natural gas industry is losing ground internationally because of government over-regulation.PoliticsMay 12
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Alberta Premier Jason Kenney to address U.S. Senate energy committeeThe Alberta government said Kenney will promote the province's approach to resource development and aim to increase energy exports to the U.S. and the world.PoliticsMay 12
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Ottawa approves new $10B loan guarantee for Trans Mountain pipeline projectThe federal government has approved a new, approximately $10-billion loan guarantee for the Trans Mountain pipeline project.CanadaMay 11
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Suncor’s strong earnings may not be enough to fend off shareholder pressure: expertsSuncor now has strong first quarter earnings in its arsenal and a publicized plan to improve worker safety, but some say it won't be enough to fend off an activist investor.MoneyMay 10
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Coastal GasLink pipeline builder fined thousands over erosion and sediment control on B.C. projectA statement from the Environmental Assessment Office says more than 40 inspections have been carried out along the pipeline construction route since the project began in 2019.EnvironmentMay 9
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Suncor reports earnings of $2.95B as oil prices surgeSuncor says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher.MoneyMay 9
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Canadian Natural Resources sees first quarter profit more than doubleWith the war in Ukraine pushing oil prices to heights not seen in years, CNRL said it now expects its net debt level to fall below $8 billion in late 2022 or early 2023.EconomyMay 5
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Gas prices up in Saskatchewan with more increases expected in coming weeksGas prices increased 13 to 15 cents on Wednesday at some pumps in Regina and Saskatoon, as experts say it may only be the beginning with summer approaching.ConsumerMay 4
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‘Painful summer ahead:’ Gas prices reach 211.9 in Metro Vancouver, expected to riseThe price at the pumps reached 211.9 per litre at many Metro Vancouver stations on Wednesday, as the European Union proposed a phased embargo on Russian oil.ConsumerMay 4
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