Energy

The Alberta Energy Regulator (AER) is releasing its latest Alberta Energy Outlook. AER confirms Alberta remains Canada’s largest producer of oil and natural gas, with oil sands making up two-thirds of the oil output. The regulator expects production to grow by another 17 per cent by 2033. Raw bitumen output is expected to increase to […]

The province is shutting down Canadian Energy Centre Ltd. (CEC), also known as the “Energy War Room.” The multi-billion-dollar agency was established by the UCP government under former Premier Jason Kenney to advocate for the Canadian, particularly the Alberta, energy sector. Since its inception in 2019, the Energy War Room has faced significant criticism and […]

Fort McKay First Nation and Suncor Energy are partnering to explore potential oil sands projects on the First Nation. On March 7th, the energy giant and the First Nation inked a memorandum of understanding (MOU) to collaborate on a potential oil sands project located within the reserve lands of the Fort McKay First Nation. The […]

Bill C-69, referred to as The Impact Assessment and Canadian Energy Regulator Act, has been deemed unconstitutional by the Supreme Court of Canada. The law, which was enacted in 2019, granted Ottawa the authority to regulate energy and mining projects based on their potential impact on climate change, Indigenous communities, and wildlife. In a 7-2 […]

Suncor is purchasing French Energy giant, TotalEnergies EP Canada Ltd. (Total) Canadian operations. The $1.468 billion acquisition means Suncor takes over Total’s 31.23 per cent working interest in the Fort Hills oil sands mining project (Fort Hills) and adds 61,000 barrels per day of net bitumen production capacity along with 75 million barrels of proved […]

Deloitte Canada is out with its report into the Alberta Energy Regulator’s (AER) handling of recent incidents at Kearl Lake. The assessment states that AER responded properly and followed its procedures during the investigation into two environmental discharges at Imperial Oil’s Kearl Lake site. A claim disputed by the Athabasca Chipewyan First Nation (ACFN). “Deloitte’s […]

The Alberta Treasury Branch (ATB) is out with a new economic forecast for the province. The ATB bullish forecast is predicting stronger than expected growth for the Alberta economy citing increases in consumer spending, high employment, and record setting population growth. They are predicting real GDP growth in Alberta to hit 2.7 per cent in […]

The 24th World Petroleum Congress is being held in Calgary to discuss energy transition and paths to a net zero future. The conference covers many aspects of the petroleum industry from technological advances, to management of the industry and its economic and environmental impact, as well as operations. Alberta’s Minister of Energy and Minerals, Brian […]

Suncor Energy has announced changes to its board of directors following the retirement of Eira Thomas. Jane Peverett was appointed to the board on September 1, 2023, and will also serve as a member of the audit committee and governance committee. Peverett has had a successful career spanning 25 years with such accomplishments as becoming […]