Wet weather and a power outage at Cenovus oilsands operations have helped push American oil reserves to their lowest level since 2020.

In a statement of claim, Mikisew Cree First Nation alleges both governments have failed to protect its members from health issues it says were brought on by industrial activity.

'The result of this myopic dialogue... is that we have created a set of national policies and regulations that make resource development and investment in Canada uncompetitive.'

'Given the historically long lead times for greenfield pipeline projects, we believe it is prudent to begin that planning and permitting process now.'

The analysis by the Canadian Climate Institute says oilsands producers will pay an average of about 50 cents per oil barrel, if the minimum carbon price rises to $130 per tonne.

Suncor said it delivered record production during the fourth quarter of 2025 despite mucky conditions that caused problems for at least one of its nearby Alberta oilsands peers.

One of Canada's biggest oil producers said Wednesday that it took a hit to its bottom line due to spring wildfires in northern Alberta.

Production is expected to hit 3.5 million barrels per day this year.

The idea is one of five being put forward by an Alberta government-appointed committee tasked with studying potential tailings management options.

Canada's oilsands industry remains under pressure to reduce its greenhouse gas footprint, even as companies have clamped down on public communications.