OTTAWA - The federal Liberals will finally provide details on their long-promised oil and gas emissions cap today. The policy is a critical piece of Canada's long-term emissions reduction plan but today's framework will show the sector won't be asked to cut emissions as deeply as previously thought. The 2022 emissions reduction plan anticipated regulating that emissions from oil and gas in 2030 fall more than 40 per cent from current levels. Industry balked at that demand, saying it [Read more]

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. But industry groups and Indigenous leaders are still waiting for details on whether the program, which the fiscal update said would help communities invest in the natural resource sector, will facilitate equity ownership in oil and gas projects. It is important for help to be available [Read more]

OTTAWA - The federal government is dedicating almost half of its clean-tech economic investment fund to special contracts intended to give companies the confidence they need to make major investments to lower their greenhouse-gas emissions. Today’s fall economic statement says the new $15-billion Canada Growth Fund will allocate up to $7 billion for contracts for difference. Oil and gas companies have been waiting on such contracts to help maintain a competitive position [Read more]

CALGARY - Alberta Premier Danielle Smith is calling one of the world's premier energy research institutions "no longer credible" after it released a report saying fossil fuel demand is likely to peak this decade. Smith says the International Energy Agency no longer does analysis, it points to outcomes it wants and outlines paths to get there. She says she prefers to get her information from private-sector analysts. The International Energy Agency has 31 member countries and works with [Read more]