Energy

Alberta Endorses Energy CEOs’ Call for Infrastructure Expansion EDMONTON — Premier Danielle Smith and Energy Minister Brian Jean are throwing their support behind a call from 14 energy and pipeline CEOs urging Ottawa to fast-track oil and gas infrastructure projects across the country. In an open letter to federal party leaders, the executives called for […]

Trump’s Tariffs on Canadian Goods Take Effect, Canada Readies Countermeasures U.S. President Donald Trump’s sweeping tariffs on Canadian goods take effect Tuesday, escalating hair-trigger trade tensions between the two countries. Despite efforts by Canada and Mexico to meet Trump’s many, often shifting, demands, the White House announced the tariffs would proceed as planned: a 25 […]

Suncor Energy Inc. closed out its 2024 fiscal year on a strong note, beating analysts’ expectations and setting operational records in Q4. The Calgary-based oil major posted $3.5 billion in adjusted funds from operations and generated $1.9 billion in free funds flow. The company returned $1.7 billion to shareholders through dividend payments of $700 million, […]

Canada’s Energy Sector Faces 10% U.S. Tariff Amid Wider Trade Measures Canada’s oil and gas sector will be spared the steepest tariffs imposed by U.S. President Donald Trump. While Canadian goods will face a 25 per cent tariff, energy products will be subject to a smaller 10 per cent duty. Analysts and industry leaders remain […]

Canadian Natural Resources Limited (CNRL) is set to complete a significant asset swap with Shell Canada, a move expected to boost the company’s oil sands production. The swap, announced on Wednesday, stems from a 2017 agreement between the two companies and will see CNRL exchange 10 per cent of its interest in the Scotford Upgrader […]

Smith Urges Diplomacy, Border Security, and Energy Policy Overhaul to Avoid U.S. Tariffs Alberta Premier Danielle Smith is urging Canadian leaders to strengthen relations with the newly inaugurated Trump administration to avoid potential U.S. tariffs on Canadian goods. While President Donald Trump has refrained from imposing tariffs for now, Smith believes the risk remains and […]

Alberta Premier Rejects Federal Energy Tariff Proposal at First Ministers’ Meeting Canada’s ten Premiers along with Prime Minister Trudeau met on Wednesday to craft a coordinated response to U.S. President Donald Trump’s looming tariff threats. Trump has proposed tariffs of up to 25 per cent on Canadian goods, claiming they are necessary to address border […]

Alberta Prepares for Oil Tariffs as Incoming Trump Administration Maintains Tough Stance Albertans should brace for tariffs on the province’s oil exports to the United States, Premier Danielle Smith warned following a weekend meeting with U.S. President-elect Donald Trump. Speaking at a Monday morning news conference, Smith said the proposed 25 per cent tariffs on […]

Suncor Reports Record-Breaking Production and Refining Results for 2024 Suncor Energy (TSX: SU) has announced record-breaking operational results for 2024, highlighting significant growth in oil sands production and refinery utilization. The company achieved an annual average production of 827,000 barrels per day (bbls/d), an 11 per cent increase from 2023. Fourth-quarter production reached a record […]

Ottawa Backs Down on Net-Zero Power Grid Target of 2035; Alberta to Continue Court Challenge The federal government has revised its clean electricity regulations, moving the deadline for a net-zero power grid from 2035 to 2050. The shift is vindication of Alberta’s long-standing position that 2050 is a more realistic and achievable target. In a […]