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AFN chief calls for review of natural resource deals amid talk of Alberta separation

May 12, 20254:29 PM The Canadian Press0 Comments

EDMONTON - The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta's government opening the door to a separation referendum. Alberta Premier Danielle Smith has introduced a bill that, if passed, would make it far easier for Albertans to launch referendums on various topics — including splitting from Canada. Smith has pointed to growing alienation in her province and frustration [Read more]

B.C.’s low snowpack, melt signal drought, raising concern for hydro power

May 12, 20253:54 PM The Canadian Press0 Comments

VANCOUVER - Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province's latest snowpack and water supply bulletin says. The drought, in turn, is curtailing B.C.'s ability to generate hydroelectricity, where most of the province's power comes from, said former provincial environment minister Barry Penner, who now chairs the Energy Futures Institute. Penner said B.C. is on track to become a [Read more]

Carney needs to ‘pick a lane’ on climate priorities and energy boost, activist says

May 12, 20252:12 PM The Canadian Press0 Comments

Alberta oil well in canola field

OTTAWA - Climate activists and energy leaders say Prime Minister Mark Carney will need to make some hard choices on whether to bolster the country’s oil and gas sector as means of achieving economic stability. Throughout the election campaign, Carney signalled an openness to building more pipelines in Canada and promised to cut approval times to get projects built faster. He also acknowledged during the English leaders' debate that having western Canadian oil flow through the United States to [Read more]

Keystone XL Strathcona Resources

Alberta government announces indefinite freeze on industrial carbon price

May 12, 202511:53 AM The Canadian Press0 Comments

EDMONTON - Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions. She says the move is critical to keep industry competitive and defend jobs as Canada navigates a tariff fight with the United States. She says it also provides certainty and economic relief to critical sectors such as oil and gas, electricity, and manufacturing. The price had been set to rise to $110 per tonne in 2026 and to continue [Read more]

‘Take it to the next level’: Oil and gas industry players embracing AI and other tech

May 11, 202511:00 AM The Canadian Press0 Comments

CALGARY - Haul trucks, shovels, pumps and pipes are common sights at Imperial Oil's vast oilsands operations in northeastern Alberta, but so too are robots and drones, with generative artificial intelligence a newer addition to the technological mix. "We've been laser-focused on this digital journey since 2018," Cheryl Gomez-Smith, the senior executive in charge of Imperial's production, told a recent investor conference. Gomez-Smith said as of last year, Imperial's bottom line has seen a [Read more]

Canadian Natural Resources Imperial Oil Suncor

Quebec sovereigntists watch Alberta referendum talk with optimism, disdain

May 11, 202511:00 AM The Canadian Press0 Comments

MONTREAL - As Alberta flirts with the possibility of a referendum on separation, Quebec sovereigntists are watching with interest — and a healthy dose of skepticism. Some are hoping a wave of separatist sentiment in Alberta will put wind in the sails of Quebec’s own independence movement, which took a blow in the recent federal election when the Liberals made big gains in the province at the expense of the sovereigntist Bloc Québécois. But others see Alberta’s brand of separatism, grown [Read more]

Appeal denied for Calgary man convicted in multimillion-dollar Ponzi scheme

May 9, 20254:17 PM The Canadian Press0 Comments

CALGARY - An Alberta court has denied the appeal of a Calgary man convicted three years ago of a Ponzi scheme that saw his clients bilked out of millions of dollars. Arnold Breitkreutz was sentenced to 10 years in 2022 in what the Crown called a multimillion-dollar scheme where more than 100 investors believed they were putting money into safe first mortgages. Breitkreutz's appeal argued the judge made legal errors and that his trial counsel was not experienced enough to handle such a [Read more]

Pembina Pipeline sees enough demand for potential expansion to Cedar LNG project

May 9, 20251:56 PM The Canadian Press0 Comments

CALGARY - The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construction. Pembina has shortlisted the preferred counterparties, and has begun negotiating definitive agreements, Scott Burrows told analysts on a conference call Friday to discuss his company's first-quarter results. "They're big, complicated [Read more]

ARC Resources Enbridge LNG Pembina Pipeline Shell

CEOs call on Carney to ‘take action’ to support domestic energy sector

May 7, 20251:29 PM The Canadian Press0 Comments

Centre Block

OTTAWA - Canada's energy CEOs are calling on Prime Minister Mark Carney to scrap the emissions cap on oil and gas producers and repeal industrial carbon pricing to help bolster the industry. Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7. "As a major contributor to the Canadian economy, with [Read more]

Power utility TransAlta expects Alberta data centre deal this year

May 7, 20251:18 PM The Canadian Press0 Comments

CALGARY - Power producer TransAlta Corp. is hoping to sign agreements this year with prospective Alberta data centre partners that would draw on natural gas-fired electricity it generates in the province. "We continue to focus on securing exclusivity with key partners by mid-year with detailed design and definitive agreements expected by year-end," CEO John Kousinioris told a quarterly analyst conference call Wednesday. "A data centre would be operational 18 to 24 months after signing [Read more]

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