Tag: Canadian Oil Industry
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. […]
David Suzuki comments equating oil industry to slavery ridiculous: Brad Wall
David Suzuki commented on Canada’s economy and greenhouse gas emissions REGINA _ Saskatchewan Premier Brad Wall says remarks by environmentalist David Suzuki equating the oil industry to slavery are “ridiculous.” Suzuki was responding to Wall’s position that Canada needs to consider the economy when talking about reducing greenhouse gas emissions. Suzuki said in an interview […]
Keystone XL: Canadian oil will find new paths to American markets
Canadian oil sands producers have reduced per-barrel GHG emissions by 30% since 1990 The head of Canada’s oil and gas lobby group says Canadian oil will find new paths to markets, pursuing all forms of energy transportation to markets in all directions, despite U.S. President Barack Obama’s political decision to deny the Keystone XL permit. “While President […]
Canadian Oil Sands responds to hostile Suncor bid with poison pill defence
Canadian Oil Sands largest partner in Syncrude CALGARY – Canadian Oil Sands Ltd. is looking to buy time as it faces a hostile takeover offer from oilsands giant Suncor Energy Inc., announcing Wednesday that it’s adopting what’s known as a poison pill defence. The new shareholder rights plan could be triggered if anyone buys 20 per cent […]
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