CALGARY - Canada's oil and gas industry is still facing uncertainty in the wake of the federal government's sweeping new emissions reduction plan. The plan tabled in the House of Commons Tuesday lays out ways the country can reach its target of cutting emissions by 2030 to no more than 60 per cent of 2005 levels. In it, the government says Canada's oilpatch can reduce emissions by 31 per cent below 2005 levels by 2030, or 42 per cent below 2019 levels. But those numbers are not [Read more]

OTTAWA - Environment Minister Steven Guilbeault will table a new greenhouse gas emissions plan in Parliament this morning. The plan is a legal requirement under the net-zero accountability law the Liberals passed last year. It will model emissions projections for different sectors that are feasible and necessary to achieve Canada's current goal to curb emissions to no more than 60 per cent of what they were in 2005 before the end of the decade. The plan was supposed to be tabled by the [Read more]

OTTAWA - Prime Minister Justin Trudeau says that while the Russian invasion may be driving up energy prices, it is still providing the impetus to drive the world towards developing greener energy sources. Trudeau says he has discussed helping Europe cope with its dependency on Russian energy supplies, including during his visit to Germany earlier this month where he and Chancellor Olaf Scholz discussed greater co-operation on developing hydrogen as a clean energy source. Trudeau says today [Read more]

EDMONTON - Alberta's auditor general is giving qualified approval to how the provincial government handled the billion dollars it got from Ottawa to clean up abandoned oil and gas wells and get service contractors back to work. Doug Wylie says in a report today that the program was well run, but the government wasn't ready for how quickly things in the energy industry change. He says oil prices rose so high over the course of the program that energy companies began to put their money into [Read more]

OTTAWA - The Liberals and New Democrats have reached an agreement that would see the NDP support Justin Trudeau's minority government through to 2025. The deal is a "confidence and supply" agreement effective immediately, Trudeau said Tuesday. This kind of agreement, a version of the deal the British Columbia NDP struck with the Greens in that province in 2017, generally involves an opposition party agreeing to support the government on confidence motions and budget or appropriation votes [Read more]

WASHINGTON - Business leaders who happen to be in the U.S. capital today say they are in damage control mode as a work stoppage at CP Rail deals another blow to cross-border supply chains. Goldy Hyder, president and CEO of the Business Council of Canada, says U.S. lawmakers and counterparts — even White House officials — have been worried for weeks about a possible labour dispute. Hyder says the damage to Canada's reputation could be lasting, coming as it does on the heels of last month's [Read more]