OTTAWA - The federal government is proposing to use an industry-specific cap-and-trade system or a modified carbon pricing system to set a ceiling for emissions from the oil and gas sector and drive them down almost 40 per cent by the end of this decade. The two options are contained in a discussion paper Environment Minister Steven Guilbeault will publish Monday. It is the first glimpse Canadians are getting of how the Liberals expect to implement the oil and gas emissions cap promised in [Read more]

BILLINGS, Mont. (AP) — U.S. prosecutors suspect a Wyoming company of potentially concealing problems with a pipeline that broke in 2015 and spilled more than 50,000 gallons (240,000 liters) of crude into Montana’s Yellowstone River, fouling a small city’s drinking water supply, court filings show. The government is suing Bridger Pipeline for violations of environmental laws in the 2015 spill, which came after the line buried beneath the Yellowstone became exposed and broke when ice scoured [Read more]

Alberta Premier Jason Kenney says he’ll be raising the alarm over the federal government’s emissions reduction plan when he meets with Canada’s premiers over the next two days. Kenney says the reduction plan is “pie in the sky,” calling it a “ridiculous” target with no proper plan for implementation. The premier, who made the comments at the Calgary Stampede’s annual breakfast, says the implications of the plan would be devastating for Alberta just as the world needs more of its [Read more]

WASHINGTON – The federal government has found a powerful supporter for its decision to allow a natural gas pipeline between Russia and Europe to resume operations. The U.S. State Department says it backs Canada’s decision to send repaired turbine equipment vital to the Nord Stream 1 pipeline back to Germany. Spokesman Ned Price says it’s the right decision because it will allow Europe to fortify its gas reserves in the short term. Price says that will, in turn, help Germany and others [Read more]

CALGARY - To outsiders, it's a rodeo — a 10-day party featuring cowboy hats, country music and an abundance of pancakes. But the Calgary Stampede — which kicks off in earnest Friday with its first in-person parade since 2019 — is also a high-powered networking event, as well as an excuse for boozy client appreciation lunches. For dealmakers, the Stampede is an important business event and an economic barometer for a city and a province. That's why the six-fold increase in year-over-year [Read more]