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News

AFN chief calls for review of natural resource deals amid talk of Alberta separation

May 12, 20254:29 PM The Canadian Press0 Comments

EDMONTON - The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta's government opening the door to a separation referendum. Alberta Premier Danielle Smith has introduced a bill that, if passed, would make it far easier for Albertans to launch referendums on various topics — including splitting from Canada. Smith has pointed to growing alienation in her province and frustration [Read more]

Discount on Western Canada Select heavy crude unchanged

May 12, 20254:14 PM Reuters0 Comments

Railcars holding crude oil

The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Monday. WCS for June delivery in Hardisty, Alberta, settled at $9.10 a barrel under the U.S. benchmark WTI, brokers said, flat on Friday's close. * Canadian heavy crude has been trading at a tight discount in recent months in part due to the opening of the Trans Mountain pipeline expansion one year ago, which boosted the country's oil export capacity. * [Read more]

Trans Mountain Pipeline

B.C.’s low snowpack, melt signal drought, raising concern for hydro power

May 12, 20253:54 PM The Canadian Press0 Comments

VANCOUVER - Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province's latest snowpack and water supply bulletin says. The drought, in turn, is curtailing B.C.'s ability to generate hydroelectricity, where most of the province's power comes from, said former provincial environment minister Barry Penner, who now chairs the Energy Futures Institute. Penner said B.C. is on track to become a [Read more]

Ensign Energy Services Inc. Announces the Final 2025 Annual Meeting Board of Director Election Results

May 12, 20253:30 PM CNW

CALGARY, AB, May 12, 2025 /CNW/ - Ensign Energy Services Inc. ("Ensign" or "the Company") (TSX: ESI) is pleased to announce the results of the election of directors held at the Company's annual meeting on May 9, 2025. Each of the nominee directors listed in the Company's management information circular dated March 28, 2025 was elected as a director. The results of the voting for each individual director are set forth below: Name of Nominee Votes For % [Read more]

Colorado top court allows Boulder to sue Exxon, Suncor over climate change

May 12, 20253:10 PM Reuters0 Comments

Colorado's highest court on Monday rejected efforts by ExxonMobil and Suncor Energy to dismiss a lawsuit by the city of Boulder seeking to hold the fossil fuel companies responsible for climate change. The Colorado Supreme Court in a 5-2 decision said federal law did not block Boulder and its surrounding county from claiming that the energy companies violated state law by misleading the public about the dangers associated with fossil fuels. The ruling marked only the second time a state [Read more]

Suncor

Cardinal Energy Ltd. Announces Monthly Dividend for May

May 12, 20253:01 PM TMX Newsfile

Calgary, Alberta--(Newsfile Corp. - May 12, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our May dividend of $0.06 per common share will be paid on June 16, 2025 to shareholders of record on May 30, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and natural gas company [Read more]

Cardinal Energy

Trump’s Energy Department unveils broad rule changes aimed at cutting red tape

May 12, 20252:42 PM Reuters0 Comments

The U.S. Department of Energy on Monday proposed to eliminate or change more than 40 regulations and programs to align them with President Donald Trump's efforts to relax federal rules and gut diversity initiatives. The moves will save U.S. taxpayers $11 billion, the agency said in a statement, calling it the first step in its largest-ever deregulatory effort. "Thanks to President Trump's leadership, we are bringing back common sense - slashing regulations meant to appease Green New Deal [Read more]

Carney needs to ‘pick a lane’ on climate priorities and energy boost, activist says

May 12, 20252:12 PM The Canadian Press0 Comments

Alberta oil well in canola field

OTTAWA - Climate activists and energy leaders say Prime Minister Mark Carney will need to make some hard choices on whether to bolster the country’s oil and gas sector as means of achieving economic stability. Throughout the election campaign, Carney signalled an openness to building more pipelines in Canada and promised to cut approval times to get projects built faster. He also acknowledged during the English leaders' debate that having western Canadian oil flow through the United States to [Read more]

Keystone XL Strathcona Resources

Alberta government announces indefinite freeze on industrial carbon price

May 12, 202511:53 AM The Canadian Press0 Comments

EDMONTON - Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions. She says the move is critical to keep industry competitive and defend jobs as Canada navigates a tariff fight with the United States. She says it also provides certainty and economic relief to critical sectors such as oil and gas, electricity, and manufacturing. The price had been set to rise to $110 per tonne in 2026 and to continue [Read more]

US House budget bill seeks more than $1.5 billion for Strategic Petroleum Reserve

May 12, 202510:21 AM Reuters0 Comments

A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil to help replenish the SPR, the world’s largest emergency stockpile of crude, and $218 million for maintenance of the facility. U.S. [Read more]

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