With airline tickets growing more expensive and customers facing the risk of cancelled flights, insurance experts are advising those with summer travel plans to stay on their toes. Air carriers are continuing to grapple with sky-high jet fuel costs, an offshoot of Iran's ongoing closure of the Strait of Hormuz, which has led to soaring oil prices globally since late February. Like their international peers, Canadian airlines have been consolidating some flights and adding fuel surcharges, [Read more]

CALGARY - Analysts at CIBC World Markets say the timeline the Alberta government set out for construction to begin on a potential new West Coast oil pipeline reflects a best-case scenario. The province aims to submit a proposal to the federal major projects office by July 1, have it designated a project of national interest by Oct. 1 and have shovels in the ground as early as Sept. 1, 2027. The Alberta government laid out those targets after it and Ottawa finalized one of the last [Read more]

CALGARY - Prime Minister Mark Carney and Alberta Premier Danielle Smith say they'll be in Calgary on Friday to announce the next step in their landmark energy pact. Carney says it will feature an implementation agreement on industrial carbon pricing and advance a potential new pipeline. Neither he nor Smith shared more details, but the premier told the legislative assembly it would be another step toward resetting the province's relationship with Ottawa. The memorandum of understanding signed [Read more]

OTTAWA - Ottawa and Alberta are closing in on a deal on industrial carbon pricing. A source with knowledge of the discussions who was not authorized to speak publicly about them tells The Canadian Press the two governments expect to announce an effective carbon price of $130 per tonne of greenhouse gas emissions as of 2040. The agreement stems from the energy pact Canada and Alberta reached last fall which tied various climate policies to an Alberta oil pipeline to the West Coast. The [Read more]