oil

Emissions cap not possible without oil, gas production cuts: Deloitte

Emissions cap not possible without oil, gas production cuts: Deloitte

Jun 19, 2024 | 8:41am
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 […]
Inflation Up Slightly Nationally, and Down Slightly in Saskatchewan.

Inflation Up Slightly Nationally, and Down Slightly in Saskatchewan.

Apr 16, 2024 | 9:05am
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 […]
Statistics Canada says annual inflation rate slowed to 3.1% in October

Statistics Canada says annual inflation rate slowed to 3.1% in October

Nov 21, 2023 | 8:30am
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 […]
SaskEnergy could face steep fines and jail for not remitting carbon tax

SaskEnergy could face steep fines and jail for not remitting carbon tax

Nov 1, 2023 | 6:01am
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 […]
‘Absolutely not’: No more carve-outs when it comes to carbon pricing, Trudeau says

‘Absolutely not’: No more carve-outs when it comes to carbon pricing, Trudeau says

Nov 1, 2023 | 6:00am
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 […]
Undetected broken rail led to fiery  train derailment in Saskatchewan: report

Undetected broken rail led to fiery train derailment in Saskatchewan: report

Oct 5, 2023 | 4:11pm
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 […]