Adopting technologies that cut emissions can also directly save money by reducing a company's overall energy bill.

Imperial Oil Ltd. is "scurrying" to quickly ramp up crude-by-rail shipments from its Edmonton terminal to take advantage of improved profitability caused by the Keystone pipeline spill in North Dakota, CEO Rich Kruger said Tuesday.

The Calgary-based producer and refiner says cash generated from operating activities added up to $1.38 billion in the three months ended Sept. 30.

Rich Kruger is retiring at the end of this year.

Imperial Oil is reporting second quarter results that beat analyst expectations.

Imperial Oil decided to go ahead with construction on Aspen during a slow time in the oilsands because it hopes less competition will save money on labour and component costs.

The Alberta Energy Regulator says it's no longer considering holding a public hearing for a new oilsands project after an Indigenous community reached a deal with the proponent, Imperial Oil.

Negotiations on commercial deals to improve reliability at the problem-plagued Syncrude oilsands mine and upgrader need to "make sense for all parties,'' the CEO of its second-largest owner said on a conference call Friday.

Imperial Oil says it has reached deals to sell its remaining 497 Esso retail stations in Canada to five fuel distributors for a total of $2.8 billion.