2018 began as a promising year for Canada’s oil and gas industry. After a 2 1/2 year industry downturn, oil prices appeared to be heading in a positive direction. Ultimately, however, prices took a significant nosedive in Canada due to a severe supply glut in the industry. Most recently, WTI has also plummeted, wiping out over a year of gains in 2 short months. Here’s the top 10 news-worthy stories that affected Canada’s oil and gas industry over the past year: 10. University of Alberta gives David Suzuki honorary degree The university announced in April the longtime environmentalist and oilsands critic was one of 13 people to be honoured at the spring convocation. That prompted complaints, as well as critical public letters from the university’s deans of business and engineering. Some people protested that Suzuki’s anti-oilsands stance hurts Alberta and Canada and accused the host of television’s “The Nature of Things” of hypocrisy. Donors and alumni, particularly those in the oil and gas industry, said they would withdraw donations and partnerships. One Calgary law firm said it was cancelling its annual $100,000 funding commitment to the university’s law school. In an Open Letter to University of Alberta , Jeff […]
