Sherritt to dissolve Cuba mining venture amid U.S. sanctions
Sherritt International will dissolve its Cuba nickel joint venture following U.S. sanctions, seeking full ownership of its Alberta refinery and a $277 million payment.
Category : Energy Sector
Alberta, Canada Sign Deal on Pipeline and Carbon Pricing
Alberta Premier Danielle Smith and Prime Minister Mark Carney signed a deal outlining a timeline for oil pipeline approval and a new carbon pricing regime, with final construction approval due by September 2027.
Canada to Approve Alberta Oil Pipeline by Fall 2027
Ottawa plans to approve construction of an Alberta oil pipeline by fall 2027, but no private proponent has been identified yet. The project aims to boost oil exports.
Canadian Investor-Backed U.S. LNG Facility Construction Starts
Construction of a U.S. LNG facility backed by Canadian investor CPP Investments has started, marking a significant step in energy infrastructure development.
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Air Transat Faces $70M Fuel Cost Increase
Transat says high fuel prices added $70 million in costs for March and April, impacting the airline's financial performance amid rising operational expenses.
UAE to Double Oil Export Capacity Bypassing Hormuz by 2027
The UAE will double its oil export capacity bypassing the Strait of Hormuz by 2027, reducing reliance on the chokepoint amid the Iran conflict.
SaskPower Coal Refurbishment Plan Sparks Heated Debate
Debate over SaskPower's coal refurbishment plan intensified as the spring legislative session ended. The proposal faces criticism from environmental groups and support from industry.
Caturus to Build Major US LNG Facility After $9.75B Deal
Caturus Energy announces construction of a major US LNG facility after securing $9.75 billion in financing, boosting domestic energy production and exports.
UAE Accelerates Oil Pipeline to Bypass Strait of Hormuz
The UAE is accelerating an oil pipeline project to bypass the Strait of Hormuz, aiming to secure energy exports amid regional tensions.
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Beef Prices Stay High: Why Costs Won't Drop Soon
Canadian beef prices remain at record highs due to shrinking cattle herds, droughts, and rising demand. Experts say relief may take years as herd recovery is slow.
Carney to Announce New Pipeline to B.C. Coast Friday
Prime Minister Mark Carney will make a major announcement Friday about a potential new pipeline to British Columbia's coast, amid ongoing energy debates.
Pipeline Approval Date: September 2027
The Carney-Smith deal includes a September 2027 approval date for an Alberta pipeline to the west coast, with fast-tracked national interest declaration by October 2026.
B.C., Feds Tout 'Milestone' as Final LNG Decision Expected by 2026
B.C. Premier David Eby and federal officials announce a milestone in LNG development, with a final investment decision expected by the end of 2026, boosting Canada's energy sector.
Carney's Gulf Visits Signal Broader Ambitions
PM Carney's repeated trips to the Persian Gulf suggest his goals extend beyond trade, hinting at deeper geopolitical and energy strategy.
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Net zero electricity policy risks higher costs and blackouts
Canada's clean electricity sector is jeopardized by unrealistic net zero goals. Rational policy needed to avoid blackouts and high costs.
Brass Knuckles, Cash, Drugs Seized in Muskoka Bust
Bracebridge OPP seized weapons, cash, and drugs during a drug bust in Muskoka. Multiple arrests made, with investigations ongoing.
Ottawa explores funding options for massive grid expansion
A new discussion paper outlines potential federal funding mechanisms for a massive electrical grid expansion in Canada, aiming to support clean energy goals.
Cuba out of fuel, darkness and protests erupt
Cuba has exhausted diesel and fuel oil reserves, causing widespread blackouts and protests. The government blames US sanctions, while only a third of power demand is met.
SaskPower Rates Could Rise 95% by 2040: Leaked Memo
A leaked SaskPower memo reveals potential 95% rate increases by 2040 if coal plants remain operational, sparking criticism from the Saskatchewan NDP.
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Carney: Canada, Alberta to advance crude oil pipeline
Prime Minister Mark Carney announced that Canada and Alberta will jointly advance a potential crude oil pipeline project, aiming to boost energy exports and economic growth.
China Wants More U.S. Oil to Cut Hormuz Reliance
China's Xi Jinping opposes Strait of Hormuz tolls, seeks more U.S. oil imports to reduce Middle East dependence, White House official says.
Aduro Clean Tech Joins Utah Petroleum Association
Aduro Clean Technologies has joined the Utah Petroleum Association to advance its paraffinic crude upgrading program, engaging with Uinta Basin producers and refiners.
Dynacor Reports Record Q1-2026 Results
Dynacor Group Inc. announces record financial results for Q1-2026, with sales of $154.1 million and net income of $7.3 million, driven by strong operations and higher gold prices.
Pipeline Progress Encouraging but Success Not Guaranteed
Lorne Gunter analyzes signs of progress on a second pipeline to the West Coast, including carbon tax talks and regulatory changes, but remains skeptical until construction begins.
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ATCO CEO Bullish on Alberta Energy Accord and Carbon Deal
ATCO CEO Nancy Southern expresses optimism about the Alberta-Canada energy pact and expects a good agreement on industrial carbon pricing, highlighting opportunities for Alberta's economy.
Montage Gold Q1-2026: Koné Project Ahead of Schedule
Montage Gold reports Q1-2026 activities: Koné project construction on-budget and ahead of schedule, continued exploration success, and robust liquidity sources.
Northland Power Q1 2026: 50% Turbines Installed at Hai Long
Northland Power reports Q1 2026 results: Adjusted EBITDA up 18%, over 50% turbines installed at Hai Long and Baltic Power offshore wind projects.
B.C. Hydro Picks Four Wind Projects for Power Call
B.C. Hydro selects four wind projects for purchase agreements, aiming to add 3,500 GW by 2033. Critics say the plan falls short of demand.
Alberta's Economic Outlook Positive Despite Global Challenges
The Business Council of Alberta reports that Alberta's economy leads Canada, driven by higher oil prices from the Middle East conflict, but warns of factors beyond its control.
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Capstone Infrastructure Q1 Results, Dividend Declared
Capstone Infrastructure Corporation announced Q1 2026 financial results and declared a quarterly dividend on Preferred Shares. The company focuses on low-carbon energy across North America.
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