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Alberta News

Documents reveal doubts on Alberta plans to close, deregulate parks

Documents reveal doubts on Alberta plans to close, deregulate parks

EDMONTON — Top advisers to Alberta's environment minister were cautious about the government's plans to shrink the province's parks system and made recommendations he didn't follow.
Suncor CEO signals caution about restarting oil output as economy recovers

Suncor CEO signals caution about restarting oil output as economy recovers

CALGARY — The CEO of Suncor Energy Inc. says the company won't quickly ramp up oil production despite recent higher crude prices as the North American economy begins to reopen following the easing of lockdowns from the COVID-19 pandemic.

Cenovus: 2Q Earnings Snapshot

CALGARY, Alberta (AP) _ Cenovus Energy Inc. (CVE) on Thursday reported a second-quarter loss of $169.5 million, after reporting a profit in the same period a year earlier. The Calgary, Alberta-based company said it had a loss of 14 cents per share.

Precision Drilling: 2Q Earnings Snapshot

CALGARY, Alberta (AP) _ Precision Drilling Corp. (PDS) on Thursday reported a loss of $35.3 million in its second quarter. The Calgary, Alberta-based company said it had a loss of 13 cents per share.

Suncor reports Q2 net loss of $614M as production falls by almost one fifth

CALGARY — Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal with sharply reduced crude prices amid lower global energy demand.
Calgary could 'step into the fray' on Alberta school reopening plan: mayor

Calgary could 'step into the fray' on Alberta school reopening plan: mayor

Calgary's mayor says the Alberta government's plan to reopen schools in September isn't good enough and the city could step in if it isn't improved.

Suncor Energy: 2Q Earnings Snapshot

CALGARY, Alberta (AP) _ Suncor Energy Inc. (SU) on Wednesday reported a second-quarter loss of $442.9 million, after reporting a profit in the same period a year earlier.
Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million

Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million

CALGARY — Kelt Exploration Ltd. says it is selling assets in B.C. that account for almost half of its oil and gas production for $510 million in cash to Houston-based ConocoPhillips.
Lake Louise ski resort loses appeal of $2M fine for cutting endangered trees

Lake Louise ski resort loses appeal of $2M fine for cutting endangered trees

CALGARY — An Alberta judge has upheld a $2.1 million fine against a world-renowned ski resort for cutting down endangered trees nearly seven years ago.
Ottawa reports $29M profit at Trans Mountain but critic says accounting flawed

Ottawa reports $29M profit at Trans Mountain but critic says accounting flawed

CALGARY — A report that says the Trans Mountain pipeline system has earned net income of $29 million in the 19 months since it was purchased by Ottawa relies on faulty accounting, according to a vocal critic of the project.