Oil & Gas and Mining News

CALGARY — A prominent shareholder advisory firm says a dissident investor has not cleared the bar to justify taking control of Parkland Corp.'s board of directors, but there is a case for change.

The chief executive of Capital Power Corp. said a key focus in the months ahead will be digesting two soon-to-be purchased U.S. natural gas power plants.

The Canadian economy shrunk in February, but economists say bad weather was likely the larger culprit than uncertainty related to the trade war with the U.S. Statistics Canada said Wednesday that real gross domestic product decreased 0.

TORONTO — Canada's largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing.

CALGARY — Energy industry groups and environmental advocates were striking a hopeful note a day after voters returned the Liberals to power in Ottawa with a minority mandate.

CALGARY — A prominent shareholder advisory firm says it agrees with activist investor Simpson Oil that board change is needed at fuel retailer and refiner Parkland Corp., but is stopping short of calling for a complete overhaul.

CALGARY — Precision Drilling is trimming its planned 2025 capital spending due to market uncertainty and a possible dip in demand from the oil and gas producers that contract its rigs.

WINNIPEG — Manitoba's energy regulator has approved higher natural gas prices. The Public Utilities Board says rates for a typical residential customer will rise 12.4 per cent, or about $73 a year, starting May 1.

CALGARY — Whitecap Resources Inc., weeks away from closing a $15-billion combination with fellow western Canadian oil and gas producer Veren Inc., has reported a jump in first-quarter profits, revenues and production.

COQUITLAM — The Coast Salish Elementary school in Coquitlam, B.C., has been designated a Clean Energy Champion by BC Hydro for its energy efficiency.