Oil & Gas and Mining News

TORONTO — A vote by shareholders of Australian's Origin Energy Ltd. on a takeover offer by a Brookfield-led consortium of investors and EIG has been delayed after the utility's largest shareholder voiced opposition to the proposal.

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fueled by human-caused climate change, according to a report released Thurs

OTTAWA — The "next steps" for a long-awaited Indigenous loan guarantee program will be announced in next year's federal budget, the Liberal government promised in its fall economic statement on Tuesday.

OTTAWA — Almost half of the Canada Growth Fund for clean technology investments will be allocated to special contracts intended to give companies the confidence they need to make major investments to lower their greenhouse-gas emissions.

CALGARY — One of Alberta's largest power generators says more than two-thirds of its profits will come from renewable electricity production by 2028 — a major transformation for a company that once was one of the largest emitters of greenhouse gases

Emissions of a potent greenhouse gas from Alberta's energy industry are underestimated by nearly 50 per cent, according to a new study from one of Canada's premier climate labs.

REGINA — The Saskatchewan government has introduced legislation that it says would enable it to stop remitting the federal carbon tax on natural gas bills while providing legal protection for those at its energy Crown corporation.

MONTREAL — Aeroplan members can now earn points at a slew of Parkland Corp.'s gas stations. The loyalty program run by Air Canada has been rolled out at more than 1,100 Ultramar, Chevron, Pioneer, Fas Gas, On the Run and Marché Express locations.

CALGARY — Parkland Corp. says it expects $6 billion in cumulative available cash flow from 2024 to 2028 that it plans to use to fund dividends, share buybacks, growth and debt reduction.

LITTLE ROCK, Ark. (AP) — Exxon Mobil on Monday announced it's drilling for lithium in southern Arkansas, with the oil giant expected to begin production of the critical material for electric vehicles by 2027.