Weak oil and gas investment still plagues Canada

While oil and gas investment has grown substantially in other parts of the world, Canada has failed to keep pace

Weak oil and gas investment still plagues CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre Over the past decade, one oft-heard claim is that oil and gas is a ‘sunset’ industry, where investment in Canada can be expected to decline given a worldwide flight from oil and investment. However, international data (available from 2009 to 2017) show no such worldwide flight…

Restart Canada’s economic engine with oil and gas

We can get Canadians back to work by leveraging the sector’s leadership in environmental protection and its export potential

Restart Canada’s economic engine with oil and gas“The country isn’t going to recover unless the oil and gas sector recovers.” These words from federal Natural Resources Minister Seamus O’Regan made headlines and highlight the importance of Canada’s largest industry. The reality is that natural gas and oil play an unarguable role in the national economy. Natural gas and oil are Canada’s biggest…

Oil industry not dead yet despite disruptions

But a true recovery in oil prices will require an economic recovery, whose timing remains unclear

Oil industry not dead yet despite disruptionsWhile there’s certainly carnage and woe in the oil and natural gas sectors at the moment, reports of the death of the industry are exaggerated. Many climate change activists and their sympathizers have been cheered by the dramatic drop in oil prices that coincided with, and were partly caused by, the COVID-19 pandemic. Prominent among…

Killing resource projects hurts Indigenous communities

For economic reconciliation with Indigenous communities, we need consistent and stable policies for the resource sector

Killing resource projects hurts Indigenous communitiesThe decision by Teck Resources to withdraw its application for the Frontier oil sands project could risk future opportunities for Indigenous communities if it leads to more resource companies declining to invest in Canadian resource projects. Although Teck stated officially that the decision to withdraw was prompted by controversies surrounding Canada’s climate policies, Teck’s decision…

Laurentian regime seems intent on alienating Alberta

The federal government has tried to extort political gain from Alberta in exchange for approval of projects, while pushing job-killing policies

Laurentian regime seems intent on alienating AlbertaAlbertans didn’t need to hold their breath for Ottawa’s approval of the Frontier oil sands mine. Reports of massive opposition within the Liberal Party caucus and rumours of an appeasing economic aid package for the province were strong indicators that the federal cabinet had no intention of approving the Frontier mine in northern Alberta. In…

Teck cancels $20.6 billion oil sands Frontier Project

Oil sands project would have created thousands of jobs in northeastern Alberta and added billions of dollars in revenue for governments

Teck cancels $20.6 billion oil sands Frontier ProjectTeck Resources Limited announced Sunday it was withdrawing the $20.6 billion Frontier Project from the regulatory review process. And it will write down the $1.13 billion carrying value of the Frontier Project in northeastern Alberta. In a letter to federal Environment Minister Jonathan Wilkinson, Teck CEO and President Don Lindsay said the project had the…

Industry icon reflects on oil sands history in Alberta

Eric Newell says he used to joke to “anyone who would listen” that he was the CEO of the best kept secret in Canada when he was with Syncrude

Industry icon reflects on oil sands history in AlbertaAlberta’s energy sector has seen many ups and downs over the past few decades with change always being a significant element of the industry. And industry icon Eric Newell, former CEO of Syncrude, has been there every step of the way to witness the evolution of the oil sands as they became an integral part…

Make Frontier the cleanest oil sands project it can be

Allowing the project to proceed – responsibly, with best available environmental practices – really is in the national interest.

Make Frontier the cleanest oil sands project it can beTo say the Teck Resources’ Frontier oil sands debate is fraught has become a bit of an understatement. At times, it appears the fate of the world hangs in the balance. On one side, political proponents are telling us that the very future of Alberta’s economy hinges on this project moving ahead. On the other…

Alberta minister warns of Teck Frontier rejection

Arbitrary rejection of the oil sands mine project at the 11th hour for political reasons “would send a chilling signal to international investors"

Alberta minister warns of Teck Frontier rejectionAlberta’s Minister of Environment and Parks Jason Nixon says a federal government arbitrary rejection of the Teck Frontier oil sands mine project at the 11th hour for political reasons “would send a chilling signal to international investors.” Frontier is a proposed truck-and-shovel oil sands mine located between Fort McMurray and Fort Chipewyan in northeast Alberta. …

Cenovus launches major Indigenous housing initiative

Committing $10 million per year for five years to build much-needed new homes in six First Nations and Métis communities in northern Alberta

Cenovus launches major Indigenous housing initiativeCalgary-based Cenovus Energy announced Thursday it has launched a major initiative aimed at addressing one of the most pressing issues facing Indigenous communities in Canada – the lack of adequate housing that is forcing many families to live in overcrowded and unsafe conditions.  In a news release, the company said it is committing $10 million…
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