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Resources & Agriculture

Canadian industry singing praises of Inflation Reduction Act as federal budget nears

Canadian industry singing praises of Inflation Reduction Act as federal budget nears

CALGARY — Canadian oil and gas companies are singing from the same songbook in the lead-up to the 2023 federal budget, and its title is the Inflation Reduction Act. The U.S. legislation, signed into law by U.S.
Environmental groups celebrate as ExxonMobil gives up oil exploration permits in СÀ¶ÊÓƵ

Environmental groups celebrate as ExxonMobil gives up oil exploration permits in СÀ¶ÊÓƵ

VANCOUVER — Environmental groups are celebrating after ExxonMobil relinquished offshore oil and gas exploration permits in British Columbia dating back more than 50 years.
Trans Mountain pipeline construction costs balloon again, this time to $30.9B

Trans Mountain pipeline construction costs balloon again, this time to $30.9B

CALGARY — The estimated cost of the Trans Mountain pipeline expansion project has increased once again, this time to $30.9 billion. That's the latest figure from Trans Mountain Corp., the federal Crown corporation that owns the pipeline.
Canada bans Russian steel, aluminum imports as part of sanctions regime

Canada bans Russian steel, aluminum imports as part of sanctions regime

OTTAWA — Canada is banning the import of Russian steel and aluminum as part of its sanctions regime. Deputy Prime Minister Chrystia Freeland says this will help undermine Moscow's ongoing invasion of Ukraine.
СÀ¶ÊÓƵ's record fossil fuel export revenues in 2022 a 'fragile' windfall

СÀ¶ÊÓƵ's record fossil fuel export revenues in 2022 a 'fragile' windfall

The СÀ¶ÊÓƵ government received a record amount of revenue from coal exports in 2022.
Teck, UСÀ¶ÊÓƵ launch $4 million professorship to speed tailings research and education

Teck, UСÀ¶ÊÓƵ launch $4 million professorship to speed tailings research and education

The University of British Columbia (UСÀ¶ÊÓƵ) Faculty of Applied Science and Teck Resources (TSX:TECK.A and TECK.
СÀ¶ÊÓƵ coal mines' economic impact overstated, thwarting environmental analysis: study

СÀ¶ÊÓƵ coal mines' economic impact overstated, thwarting environmental analysis: study

A new study based on three British Columbia coal mines says the economic benefits from the projects, used to justify their approval during the environmental review process, were "significantly overestimated.
Regulator orders TC Energy to reduce operating pressure on Keystone pipeline

Regulator orders TC Energy to reduce operating pressure on Keystone pipeline

CALGARY — A U.S. regulator has ordered TC Energy Corp. to lower the operating pressure on the entire Keystone pipeline system.
Unpaid oilpatch taxes rise again despite industry boom, say rural municipalities

Unpaid oilpatch taxes rise again despite industry boom, say rural municipalities

Rural Municipalities of Alberta says the total of unpaid taxes from the oilpatch keeps rising despite the industry's boom. In a release, the group says energy companies owe towns and villages in which they operate a total of $268 million.
СÀ¶ÊÓƵ invests $200M toward boosting food banks, producers and supply chain

СÀ¶ÊÓƵ invests $200M toward boosting food banks, producers and supply chain

VANCOUVER — British Columbia is dedicating $200 million toward boosting both the province's food bank system and overall agricultural production and resiliency.
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