Tag: Canadian Economy
Husky Energy cuts spending, scraps quarterly dividend amid oil rout
Husky Energy 2016 capital budget now between $2.1B and $2.3B Husky Energy is cutting $800 million from its capital spending plans for this year and suspending its dividend as it copes with the deep rout in crude prices. The moves come as the U.S. benchmark price for crude oil has sunk below US$30 a barrel. […]
Canadian pipelines: Government will ‘get it right’ on getting oil, gas to tidewater, says minister
Canadian pipelines may be critical in trade deal with China OTTAWA _Natural Resources Minister Jim Carr acknowledges there’s considerable urgency to building new Canadian pipeline capacity to tidewater, even as new roadblocks continue to appear. A B.C. Supreme Court ruling this week and discouraging signals from B.C.’s provincial government have further undermined the prospects of […]
Alberta oilpatch making the best of it as crude drops toward US$50 a barrel
Alberta oilpatch weathering low commodity prices CALGARY – With oil prices drifting closer to US$50, energy executives in downtown Calgary are trying to stay positive. Apart from the crude drop and stock hit, “everything’s working pretty well” at Cenovus Energy (TSX:CVE) these days, deadpanned Harbir Chhina, the firm’s executive vice-president of oilsands. MEG Energy (TSX:MEG) vice-president John Rogers echoed […]
G7 calls for low emissions in Canadian energy sector
G7 agrees to no-carbon economy by 2100 Canada’s energy sector will have to transform itself to lower greenhouse gas emissions in the long term, Prime Minister Stephen Harper said Monday. He was commenting at the end of the G7 leaders’ summit which called on its members to put their energy sectors on a low-carbon footing by […]
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