Canada Oilsands

U.S. Is About To Start Exporting Oil. Is That Good Or Bad For Canada?

CP | Lauren Krugel, The Canadian Press | Posted 12.17.2015 | Canada Business

CALGARY — Experts see more good news than bad for Canada's energy industry if the U.S. lifts its decades-old ban on oil exports. The ban came int...

Oilpatch Struggles To Adjust To 'New Normal'

CP | Lauren Krugel, The Canadian Press | Posted 12.15.2015 | Canada Alberta

"If you think that things are going back to business as usual, you're in denial.''

Why Canada's Oil Patch Isn't Worried About The Paris Climate Agreement

CBC | Posted 12.15.2015 | Canada Business

There was no tearing of hair or gnashing of teeth in the energy sector on Monday as details of the Paris agreement were digested. Shares in energy c...

The End Of Fossil Fuels Is Near - Let's Speed Its Coming

Mike Hudema | Posted 12.14.2015 | Canada Impact
Mike Hudema

As the dust settles on COP21 we know that while historic steps have been taken, the demands of justice are still unfulfilled. Together we are challenging the fossil fuel system, we are ushering in the era of solutions, and we are moving the political yardsticks of what it possible. While our political leaders walk, our movements run.

Alberta's Historic Cap On Tar Sands Emissions Is Not The End

Mike Hudema | Posted 11.24.2015 | Canada Alberta
Mike Hudema

As momentous an occasion as it is when an oil jurisdiction actually puts limits on growth, 100 million tonnes of carbon a year at a time when science is demanding bold reductions is still far too much. While historic, the government's cap needs to be viewed as a ceiling rather then a floor.

David Suzuki's Comparison Of Oilsands To Slavery Raises Eyebrows

The Huffington Post Canada | Daniel Tencer | Posted 11.27.2015 | Canada Business

David Suzuki has long been a thorn in the side of Canada’s controversial oilsands industry, but the environmental activist’s comments on a radio s...

TransCanada Asks U.S. To Suspend Keystone Application

CP | Alexander Panetta, The Canadian Press | Posted 11.02.2015 | Canada Business

WASHINGTON — In a surprise move that could have a political ripple-effect in two countries, the company behind the controversy-plagued Keystone XL p...

Scrapped Project Not Timed To Coincide With Alberta Budget: Shell

CP | The Canadian Press | Posted 10.29.2015 | Canada Alberta

Shell made the Carmon Creek announcement on Tuesday, the same day Notley was handing down her budget.

Climate Activists Celebrate ‘End Of Growth In The Tar Sands'

The Huffington Post Canada | Daniel Tencer | Posted 10.28.2015 | Canada Business

Oilsands will run out of pipeline capacity by 2017, analysis says Industry to post $2-billion loss this year Production continues to grow despit...

Shell Scraps Oilsands Project, At A Loss Of $2 Billion

CP | Lauren Krugel, The Canadian Press | Posted 10.28.2015 | Canada Business

CALGARY -- Royal Dutch Shell is scrapping its Carmon Creek oilsands project in northwestern Alberta, citing a lack of pipelines to coastal waters as o...

Oil Price Not Done Crashing, Saudi Arabia May Be Broke In 5 Years: Reports

The Huffington Post Canada | Daniel Tencer | Posted 10.27.2015 | Canada Business

Saudi Arabia projected to run massive deficits Storage getting close to capacity, Goldman Sachs warns Canadian oil producers, Alberta budget in ...

Climate Leadership in Alberta Means Tackling the Tarsands

Mike Hudema | Posted 10.17.2015 | Canada Politics
Mike Hudema

In a world that is serious about addressing the climate crisis there is no place for high carbon assets like the tar sands. Markets need to move to low carbon futures and the more Alberta tries to flood the market with tar sands crude the more it is thwarting efforts towards progress.

Oilpatch Spooked By Prospect Of Another Prime Minister Trudeau

CP | Alexandra Posadzki and Lauren Krugel, The Canadian Press | Posted 10.15.2015 | Canada Business

The prospect of a change in government has at least one oilpatch CEO spooked. Grant Fagerheim, the chief executive of Calgary-based oil and gas produ...

More Bad News For The Oilsands

The Huffington Post Canada | Daniel Tencer | Posted 10.13.2015 | Canada Business

Those hoping for a quick recovery in Canada’s oil patch got bad news Tuesday from the International Energy Agency, which now says the global oil glu...

Major Takeover Bid In The Oilsands

CP | The Canadian Press | Posted 10.05.2015 | Canada Business

CALGARY -- Suncor Energy is making a bid to acquire Canadian Oil Sands Ltd., the largest partner in Syncrude. Calgary-based company (TSX:SU) says i...

The Majority of Albertans Want to See the Province Take Climate Action

Carol Linnitt | Posted 10.01.2015 | Canada Alberta
Carol Linnitt

Alberta is by far the largest emitter of greenhouse gases in Canada and the oilsands are the country's fastest growing source of greenhouse gas emissions. Growing emissions from the industrial sector are the reason Canada will not meet its emissions reduction target under the Copenhagen Accord, according to Environment Canada.

What Is the Environmental Impact of Celebrities Visiting the Oilsands?

DeSmog Canada | Posted 09.28.2015 | Canada Alberta
DeSmog Canada

By now, it's an almost entirely predictable routine: a celebrity takes a tour of the Alberta oilsands for a day or two and quickly harnesses apocalyptic rhetoric in press conferences to detail the experience. Chagrined industry spokespeople lash out. News coverage dissipates after a few days. Rinse and repeat.

Study Suggests Oilsands May Face Water Shortages

CP | The Canadian Press | Posted 09.21.2015 | Canada Alberta

Natural low-flow periods may return, thanks to climate change.

Oil Could Sink To $20: Goldman Sachs

The Huffington Post Canada | Daniel Tencer | Posted 09.11.2015 | Canada Business

The global oversupply of oil is worse than expected and it could take oil prices as low as $20 U.S. to clear the glut, investment bank Goldman Sachs s...

The Oilsands Glut Is About To Get A Lot Bigger

Bloomberg | Posted 09.04.2015 | Canada Business

The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costlies...

Stephen Harper Forgets His Own Pledge to End Fossil Fuel Use

Carol Linnitt | Posted 08.13.2015 | Canada Politics
Carol Linnitt

If the recent frufrah over NDP candidate Linda McQuaig's comment that "a lot of the oilsands oil may have to stay in the ground" is indicative of anything, it's that Canada's election cycle is in full spin. May all reasonableness and sensible dialogue and accountability be damned. Perhaps that's the blunt and singular reason behind the Conservative Party and Stephen Harper's outrage at McQuaig's entirely non-contentious assertion that, because of our international commitments to curtail global climate change, Canada won't exploit the entirety of its oil reserves.

TransCanada Has Pretty Much Given Up On Keystone XL

CP | Alexander Panetta, The Canadian Press | Posted 08.10.2015 | Canada Business

WASHINGTON - The Canadian company involved in the controversy-plagued Keystone XL pipeline project has begun planning its response to an anticipated r...

Oilsands Giants Cut Jobs, Slash Spending Again

CP/HuffPost Canada | Posted 07.30.2015 | Canada Business

Two major oilsands players have announced major spending cuts as they reported disappointing earnings. Cenovus Energy Inc.said it's looking to cut ...

There's No Climate Leadership in a Tarsands Pipeline

Mike Hudema | Posted 07.17.2015 | Canada Alberta
Mike Hudema

Instead of talking with the country's other provincial leaders about how to speed up the transition to renewable energy, Notley met with Quebec's premier to talk about how to dig us further into the problem by green lighting the $12-billion Energy East tar sands pipeline.

Enviro Groups Call On Premiers To Halt Oilsands

CP | The Canadian Press | Posted 07.16.2015 | Canada Politics

Make clean energy infrastructure a higher priority, the groups urge.