“We all know we have to get beyond fossil fuels, but we are simply not there yet.”: Trudeau VANCOUVER _ Canadian Prime Minister Justin Trudeau used a speech to a clean tech conference Wednesday to make a direct pitch for the expansion of the country’s oil and gas sector, a direction he later appeared to […]
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CNRL commits $2B of 2016 capital budget to Horizon project CALGARY _ Canadian Natural Resources Ltd. (TSX:CNQ) says it’s committing $2 billion of this year’s capital budget to advancing its Horizon project and then expects the oilsand operation’s funding requirements to drop in 2017 and thereafter. The Calgary-based company views Horizon as a key part
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Technical issues associated with stopping oilsands production CALGARY _ Oilsands operators have little choice but to keep pumping despite the fact they are losing money on every barrel they produce at today’s crude prices, according to an industry analyst. The price of West Texas Intermediate crude, the closely watched U.S. benchmark, fell to its lowest
Oilsands projects to keep pumping while losing money, analyst says Read More »
Alberta climate change policy began with Prentice government EDMONTON _ The new Alberta climate policy is partly rooted in a series of low-profile dinner meetings that took place well before the election of Premier Rachel Notley and her fellow New Democrats. In 2014, the province’s environmental reputation was creating increasing resistance to its energy products
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Shell blames lack of pipelines for abandoning Alberta oilsands project CALGARY – Royal Dutch Shell is scrapping its Carmon Creek oilsands project in northwestern Alberta, citing a lack of pipelines to coastal waters as one reason for the decision. The move comes after a review of the project’s design and costs and where it stacks up against
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BP Whiting refinery shutdown caused gasoline price spike CALGARY – BP says it has restarted operations at a major unit of a U.S. refinery that processes oilsands crude from Alberta after a malfunction earlier this month. The forced shutdown of the 240,000-barrel-a-day crude distillation unit in Whiting, Ind., on Aug. 8 caused gasoline prices to spike across
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Keystone XL review anything but ordinary WASHINGTON – For six and a half years, the White House has had a quick comeback to questions about its yet-to-be-announced decision on the proposed Keystone XL pipeline: Talk to the State Department. Under a George W. Bush-era executive order, oil pipelines crossing U.S. borders require a presidential permit, setting off a
Keystone XL review drags on 5 times longer than average Read More »
Kearl oilsands expansion project significantly reduces greenhouse gas emissions On Tuesday, Imperial Oil announced the successful startup of the $9 billion Kearl oilsands expansion project. New technology used in Imperial Oil’s Kearns oilsands project will mean on a well-to-wheels basis, diluted bitumen will have about the same greenhouse-gas emissions footprint as the average crude refined today in
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Jane Fonda spoke at Vancouver Greenpeace rally In 1970, Jane Fonda was arrested while marching with indigenous people during the occupation of Fort Lawton in Seattle, Wa. Forty-five years later, the Academy Award-winning actress says she’s willing to be placed in handcuffs again while defending British Columbia’s coast from oil tankers. “I have a hit TV show
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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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