Energy

Bill C-69, referred to as The Impact Assessment and Canadian Energy Regulator Act, has been deemed unconstitutional by the Supreme Court of Canada. The law, which was enacted in 2019, granted Ottawa the authority to regulate energy and mining projects based on their potential impact on climate change, Indigenous communities, and wildlife. In a 7-2 […]

Suncor is purchasing French Energy giant, TotalEnergies EP Canada Ltd. (Total) Canadian operations. The $1.468 billion acquisition means Suncor takes over Total’s 31.23 per cent working interest in the Fort Hills oil sands mining project (Fort Hills) and adds 61,000 barrels per day of net bitumen production capacity along with 75 million barrels of proved […]

Deloitte Canada is out with its report into the Alberta Energy Regulator’s (AER) handling of recent incidents at Kearl Lake. The assessment states that AER responded properly and followed its procedures during the investigation into two environmental discharges at Imperial Oil’s Kearl Lake site. A claim disputed by the Athabasca Chipewyan First Nation (ACFN). “Deloitte’s […]

The Alberta Treasury Branch (ATB) is out with a new economic forecast for the province. The ATB bullish forecast is predicting stronger than expected growth for the Alberta economy citing increases in consumer spending, high employment, and record setting population growth. They are predicting real GDP growth in Alberta to hit 2.7 per cent in […]

The 24th World Petroleum Congress is being held in Calgary to discuss energy transition and paths to a net zero future. The conference covers many aspects of the petroleum industry from technological advances, to management of the industry and its economic and environmental impact, as well as operations. Alberta’s Minister of Energy and Minerals, Brian […]

Suncor Energy has announced changes to its board of directors following the retirement of Eira Thomas. Jane Peverett was appointed to the board on September 1, 2023, and will also serve as a member of the audit committee and governance committee. Peverett has had a successful career spanning 25 years with such accomplishments as becoming […]