24 February

Ian Willms for The New York Times A major effort to expand development of Canada’s oil sands has collapsed shortly before a deadline for government approval, undone by investor concerns over oil’s future and the political fault lines between economic and environmental priorities. Nine years in the planning, the project would have increased Canada’s oil […]

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24 February

Learn how KnightsbridgeFX can help you save up to 2% when buying or selling US dollars compared to your Canadian bank’s rates – click here to compare bank rates The Canadian dollar plunged overnight, following a 4.2% drop in West Texas Intermediate oil prices. WTI closed Friday at $53.46 U.S., then plummeted to $51.22 overnight. […]

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24 February

See Full Stock Page » Teck Resources Ltd. is pulling its application for a controversial new oil-sands mine in Alberta, freeing Canadian Prime Minister Justin Trudeau from a political predicament. The company will write down the Frontier project’s $1.13 billion carrying value, it said in a statement late Sunday. Teck’s decision not to proceed with […]

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24 February

TORONTO (AP) — A Canadian company said Sunday that it has withdrawn its application to the federal government to approve a huge open-pit oil sands mine in Alberta. Teck Resources Ltd. said there was no constructive path forward for the project and will write down its cost. “Global capital markets are changing rapidly and investors […]

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24 February

TORONTO — A Canadian company said Sunday that it has withdrawn its application to the federal government to approve a huge open-pit oil sands mine in Alberta. Teck Resources Ltd.’s chief executive, Don Lindsay, said investors and customers increasingly want jurisdictions to have a framework in place that reconciles resource development and climate change. He […]

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23 February

EDMONTON – The Alberta government has struck deals with two northern Alberta First Nations over a proposed open-pit oilsands mine that’s awaiting Ottawa’s approval. The Mikisew Cree and Athabasca Chipewyan First Nations had previously reached deals with Teck Resources Ltd. for the Frontier mine, but were still negotiating with the province over environmental and cultural […]

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23 February

WINNIPEG, Manitoba (Reuters) – As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. FILE PHOTO: Canada’s Prime Minister Justin Trudeau speaks to news media in Ottawa, Ontario, Canada February […]

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23 February

TORONTO — For as long as he’s been prime minister, Justin Trudeau has insisted that supporting Canada’s struggling oil and gas sector, tackling climate change and mending the country’s relationship with its indigenous people go "hand in hand." His Liberal government would put a price on carbon emissions, giving him the “social license” for energy […]

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21 February

See Full Stock Page » With time winding down for the federal cabinet to decide on whether to approve Teck Resources Ltd.’s proposal for a massive new oil sands project, the miner announced a big markdown to the value of its stake in another oil sands mine on Friday. The Vancouver-based miner disclosed a $910-million […]

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20 February

Suncor has received the approval of the Alberta government for its Meadow Creek West oil sands project that will produce 40,000 bpd of crude, Canadian media report . Meadow Creek West is being developed by Suncor alongside its twin project Meadow Creek East. Meadow Creek East, Suncor says , will have a nominal production capacity […]

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