02 March

Canada’s MEG Energy Corp has asked Alberta Energy Regulator (AER) for a three-year delay to the approval process of a proposed oil sands project in the province, because of what it called continuing difficulties, the Globe and Mail reported. MEG cited Alberta’s economic malaise and a lack of investors in the oil sands, as well […]

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01 March

Volume 0% Teck Frontier oilsands withdrawal a wakeup for the country: Freeland Teck Resource ‘s decision to withdraw its Frontier mine application should be a “wake-up call” for Canadians, says Deputy Prime Minister Chrystia Freeland. In an interview with The West Block ‘s Mercedes Stephenson, Freeland said the country needs to take the decision as […]

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29 February

The Aspen Oil Sands Project, Imperial Oil’s $2.6 billion, new in-situ oilsands project will eventually produce 150,000 barrels of oil per day (bpd). It is under construction. Foster Creek Oil Sands Expansion Project – Cenovus – $2 billion, adding 40,000 bpd – under construction. Lewis/Meadow Creek East/Meadow Creek West SAGD Oil Sands Projects – Suncor […]

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28 February

Aerial view of the Suncor oil sands extraction facility near the town of Fort McMurray. The Alberta government’s budget predicts the price of oil will rise to an average of US$58 in 2020-21. Volatility — that was the word of the day at Thursday’s release of the Alberta provincial budget. Volatility rules the moment because […]

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27 February

OTTAWA – Prime Minister Justin Trudeau will sit down with provincial and territorial leaders on March 13 to wrestle with some of the thorny issues that are dividing the nation. The first ministers’ meeting, to be held in Ottawa, is to cover climate change, the economy, health care, infrastructure and equalization. Announcement of the meeting […]

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27 February

By Rod Nickel and Shradha Singh (Reuters) – Canada’s excessively long regulatory process led to cancellation of Teck Resources’ Frontier oil sands project this week, the chief executive of rival Husky Energy said on Thursday. Teck on Sunday canceled the C$20.6 billion ($15.51 billion)proposal, saying it was stuck in an unresolved Canadian debate about energy […]

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26 February

Twitter Paleontology tells us the most fearsome Jurassic-era predators had no outer ears, and depended on a narrow range of sub-sonic vibrations to detect other earless, large, lumbering dinosaurs they could rip to shreds and render into raw-meat power lunches. They are now, of course, ancient history. In their place, evolution delivered far smaller, more […]

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25 February

Jason Kenney delivered some classic jasonkenneyan lines about government intervention in private industry when he spoke on Tuesday to an Edmonton small business group. And by classic, I mean hearkening back to sometime last week before Alberta’s premier, a former Canadian Taxpayers Federation head, had discovered keenness to deposit his government’s funds directly into the […]

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25 February

Alberta Premier Jason Kenney comments on the Teck mine decision in Edmonton on Feb. 24, 2020. (Jason Franson/CP) For someone who seems to thrive on conflict, the decision by Teck Resources to pull the plug on its Frontier oil sands project must surely be tempting for Jason Kenney. He has a veritable smorgasbord of potential […]

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24 February

(Bloomberg) — Teck Resources Ltd. is pulling its application for a controversial new oil-sands mine in Alberta, freeing Prime Minister Justin Trudeau from a political predicament. The Vancouver-based company said in a statement late Sunday it is withdrawing its Frontier proposal from the regulatory process and plans to write down the project’s C$1.13 billion ($852 […]

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