Oil & Gas and Mining News

OTTAWA — The long-promised cap on greenhouse gas emissions for Canada's oil and gas sector will begin as early as 2026 and use a cap-and-trade system that applies by facility, a federal government source said Wednesday.

OTTAWA — The official Opposition has threatened to delay government work and hold up billions of dollars in spending if the Liberal government doesn't drastically revise its carbon-pricing plan.

A global network of environmental groups has given Alberta the rare distinction of being named Fossil of the Day at climate meetings in Dubai.

CALGARY — The Canada Energy Regulator has denied a request by Trans Mountain Corp. for a variance on a section of pipeline in B.C.

HALIFAX — The denial of a $1.5-million bid to relaunch oil and gas exploration in waters off Nova Scotia doesn’t necessarily mean there won’t be future projects, says federal Natural Resources Minister Jonathan Wilkinson.

CALGARY — AltaGas Ltd. is raising its dividend as it says it expects its earnings to grow next year, helped by its core operations. The energy infrastructure company says it will pay a quarterly dividend of 29.

OTTAWA — Canada's climate lobby wants its demand for an oil-and-gas emissions cap to go straight to Environment Minister Steven Guilbeault's head.

The controlled release or burning of methane from oil and gas production sites will be almost entirely barred in Canada by 2030 under proposed regulations outlined Monday by Environment Minister Steven Guilbeault.

TORONTO — Brookfield Asset Management Ltd. says its deal for Australia's Origin Energy Ltd. has failed to achieve the required shareholder support.

TORONTO — `Russel Metals Inc. has signed a deal to buy seven service centre locations from Samuel, Son & Co. Ltd. for about $225 million. The agreement covers five locations in Western Canada and two in the United States.