TORONTO - RBC and Scotiabank say they're dropping their 2030 targets for reducing financed emissions as governments pull back on climate action and artificial intelligence drives a surge in energy demand. In 2022, RBC set goals to reduce funded emissions for the oil and gas, power generation and automotive sectors by the end of the decade as part of working toward net-zero financed emissions by 2050. The bank says in its sustainability report that after reviewing numerous factors including [Read more]
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AER Designates Long Run Exploration Ltd.’s Sites to Orphan Well Association for Closure
April 9, 2026 CALGARY – The Alberta Energy Regulator (AER) has turned over all remaining energy assets for Long Run Exploration Ltd. (Long Run) in Alberta to the Orphan Well Association (OWA) to complete closure work. The company filed for receivership March 5, 2025, and as of April 7, 2026, the receiver filed a limited discharge certificate to confirm it is no longer in control of the sites, which are primarily gas-weighted with some light-medium crude oil production. The [Read more]
Trump’s energy leaders to hold call with CEOs on Iran war, source says
The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath of Russia's invasion of Ukraine in 2022, are a risk to President Donald Trump's fellow Republicans in the November midterm elections. Global oil prices spiked [Read more]
Industry confidence waning new pipeline will be deemed in national interest: survey
CALGARY - A new business sentiment survey from ATB Cormark Capital Markets suggests confidence is waning in a new oil pipeline being chosen for a speedy federal review within the next year. The investment firm canvassed executives representing 24 energy services firms, 22 exploration and production companies and 17 institutional investors on a range of topics between March 18 and April 1. Forty-six per cent of respondents said they believed it was either highly probable or probable a new [Read more]
ERCOT sees surge in power demand by 2030s amid data center growth
The Electric Reliability Council of Texas (ERCOT) said electricity demand could rise sharply into the 2030s as an increasing pipeline of data centers drives most of the projected growth, according to a presentation on Wednesday by the grid operator. * ERCOT's preliminary base forecast projects peak electricity demand climbing from about 98,087 megawatts in 2026 to about 111,318 megawatts by 2032. * These projections reflect factors such as economic growth, electric vehicle adoption, [Read more]
China added more crude to its massive stockpile in March, but outlook shifts: Russell
China continued to build the world's largest stockpile of crude oil in March even as the rest of the world started to draw on inventories to compensate for the loss of millions of barrels from the effective closure of the Strait of Hormuz. China, the world's biggest crude importer, had surplus oil of 1.74 million barrels per day (bpd) in March, according to calculations based on official data. For the first quarter China's excess crude was 1.41 million bpd, down from the record high of [Read more]
CRR Expands into Forestry with Berland (ANC) Road Acquisition
CALGARY, AB — April 16, 2026 / CNW / — Canadian Resource Roadways (“CRR”), a leader in resource infrastructure ownership and operations, is pleased to announce that it has entered into an agreement with ANC Timber Ltd. (“ANC Timber”), an affiliate of the Alberta Newsprint Company (“ANC”), to acquire a 90% interest in the Berland Resource Road (ANC Road) in northwestern Alberta. Supported by its financial sponsor, CBRE Investment Management, this transaction represents CRR making its first [Read more]
US forces ready to restart combat if Iran doesn’t agree a deal, says Hegseth
U.S. forces in the Middle East are postured to restart combat operations if Iran doesn't agree to a peace deal, Defense Secretary Pete Hegseth told a Pentagon briefing on Thursday. "You Iran, can choose a prosperous future, a golden bridge, and we hope that you do for the people of Iran," he said. "But if Iran chooses poorly, then they will have a blockade and bombs dropping on infrastructure, power and energy." As part of a campaign to pressure Tehran to agree to a deal, U.S. military [Read more]
Westgate Energy announces 2025 year-end reserves
196% Increase in Total Proved Reserves on a Year-Over-Year Basis and Asset Value Expansion Driven by Beaverdam Development CALGARY, AB, April 16, 2026 /CNW/ - – Westgate Energy Inc. ("Westgate", the "Company", "we" or "our") (TSXV: WGT), is pleased to announce the results of its independent reserves evaluation effective December 31, 2025, as prepared by Sproule ERCE (the "2025 Reserve Report"). We believe the 2025 Reserve Report highlights the strength of Westgate's Mannville [Read more]
Q3 Deals Are Being Decided Right Now & During Breakup – Without You in the Room
Every year during spring breakup, as the thaw begins across Alberta and much of Western Canada’s oilpatch operations slow down significantly, a familiar pattern surfaces. Trucks exit the roads. Field activity comes to a halt. And budgets tighten - at least for a short while. But here’s what hasn’t slowed down: decision-making. In fact, for many energy companies, spring breakup has quietly become one of the most strategic periods in the annual business cycle. While field operations stall, [Read more]
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