Oil & Gas

U.N. report on climate change ‘sobering,’ says Environment Minister Steven Guilbeault

Tuesday, April 5, 2022, 6:24 AM MDT

Minister Steven Guilbeault says a new report from the United Nations' climate agency shows the oil and gas sector “cannot…

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Suncor getting out of wind and solar; will shift focus to hydrogen and renewable fuel

Tuesday, April 5, 2022, 6:16 AM MDT

Suncor Energy says it is getting rid of its wind and solar assets. In a news release Monday, the Calgary-based…

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Cenovus joins oil drillers ditching hedges as prices surge

Monday, April 4, 2022, 7:05 AM MDT

Cenovus Energy Inc. became the latest driller to abandon the practice of securing protection against a sudden drop in crude…

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Alberta premier calls Ottawa's greenhouse gas targets 'nuts'; pledges to fight them

Monday, April 4, 2022, 6:22 AM MDT

Alberta Premier Jason Kenney is calling Ottawa's federal emissions plan that was tabled in the House of Commons last week…

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Biden planning to tap oil reserve to control gas prices

Thursday, March 31, 2022, 6:17 AM MDT

President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from…

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Emissions plan leaves oilpatch with uncertainty; cap on sector still in development

Wednesday, March 30, 2022, 6:12 AM MDT

Canada's oil and gas industry remains in the dark about exactly how much it will be required to reduce its…

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Oil and gas sector emissions need to be cut two fifths by 2030, new climate plan says

Tuesday, March 29, 2022, 1:07 PM MDT

Prime Minister Justin Trudeau told the Canadian oil industry Tuesday that it should use the massive bump in profits from…

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LNG project in N.L. could be sped up to supply Europe

Tuesday, March 29, 2022, 6:42 AM MDT

The company behind a proposed liquefied natural gas project off Newfoundland’s coast could push forward its schedule after the Ukraine…

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B.C. drivers getting one time rebate to help with rising fuel prices

Monday, March 28, 2022, 6:50 AM MDT

British Columbia’s public auto insurer is giving a one-time rebate to help drivers cope with the cost of rising fuel…

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Germany to wean itself off Russian oil, gas in next 2 years

Friday, March 25, 2022, 7:20 AM MDT

Germany plans to stop almost all Russian oil imports this year and broadly wean itself off the country’s gas by…

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US, EU announce new partnership to undercut Russian energy

Friday, March 25, 2022, 6:29 AM MDT

The United States and European Union on Friday announced a new partnership to reduce the continent's reliance on Russian energy,…

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Federal NDP says N.L. offshore oil project hard to justify; energy minister unfazed

Friday, March 25, 2022, 6:24 AM MDT

As Newfoundland and Labrador’s oil sector faces more hesitancy from Ottawa, the province's energy minister says he’s unfazed by the…

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