oil

Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says. The Alberta government-commissioned report — a copy of which was obtained by The Canadian Press — aims to assess the economic impact […]

The inflation rate ticked up from 2.8 per cent in February to 2.9 per cent last month as we paid more for gasoline. Statistics Canada reports gas prices rose 4.5 per cent from a year ago, partly due to an increase in global oil prices. Shelter prices rose up 6.5 per cent, mortgage interest costs jumped 25.4 […]

The inflation rate slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September, as the price of gasoline fell, Statistics Canada said Tuesday. The agency said the price drivers paid for gasoline in October fell 7.8 per cent from a year earlier compared with a 7.5 per cent increase […]

Saskatchewan’s natural gas utility could face hefty fines for not remitting the carbon tax to the federal government, and its executives may also face jail for failing to do so, federal legislation says.  Premier Scott Moe announced this week that SaskEnergy would not remit the carbon tax on natural gas starting Jan. 1, unless Ottawa […]

There will be no further carbon price carve-outs, including for natural gas, Prime Minister Justin Trudeau said Tuesday, as criticism of his decision to temporarily exempt home heating oil from the policy mounts and his cabinet tries to quiet accusations of regional political favouritism. Because heating oil is far more expensive than natural gas and […]

A Transportation Safety Board of Canada report says an undetected broken rail led to a fiery train derailment in Saskatchewan in 2019 that spilled about 1.77 million litres of oil.  The Canadian Pacific Railway train, which had 101 cars mostly filled with oil, had been loaded in Alberta and was headed to Oklahoma.  Just after midnight, the train was travelling east […]