Oil & Gas and Mining News

Economists say an unexpected dip in the national inflation rate bodes well for the prospects of the Bank of Canada making a second straight cut to its benchmark interest rate when it meets later this month. Canada's annual inflation rate fell to 2.

EDMONTON — A major oilsands producer has been fined after hundreds of birds, wolves and coyotes were exposed to toxins at one of its tailings ponds. The Alberta Energy Regulator has assessed a fine of $278,000 against Canadian Natural Resources Ltd.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.8 per cent to $82.2 billion in May.

EDMONTON — The Alberta government plans to relax a rule that requires energy companies seeking to buy viable wells from bankruptcy proceedings to first pay all the failed producer's outstanding taxes.

TORONTO — A shareholder advocacy group is calling out Canada's property insurers for their support of the fossil fuel industry while also raising premiums because of climate-related disasters.

CALGARY — Entropy Inc. says it has made a final investment decision to go ahead with its second carbon capture and storage project.

CALGARY — Suncor Energy Inc. says it has temporary curtailed some production after withdrawing all non-essential workers from its Firebag oilsands site in response to a wildfire burning out of control in northern Alberta.

CALGARY — A wildfire burning out of control in northern Alberta on Thursday prompted Suncor Energy Inc. to withdraw all non-essential workers from its Firebag oilsands site.

CALGARY — Shell Canada's decision last week to greenlight its Polaris carbon capture project is likely just the start of a wave of positive investment decisions by proponents of the emissions-reducing technology, said federal Natural Resources Minist

GATINEAU, Que. — The Competition Bureau says it will speed the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing.