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Petroleum

Alberta oil and gas sector exceeded flaring limit in 2023, data shows

by Anas Siddiqui
Alberta oil and gas sector exceeded flaring limit in 2023, data shows

For the first time, Alberta’s oil and gas industry has exceeded the province’s own regulatory limit for natural gas flaring. A tally by The Canadian Press of Alberta Energy Regulator …

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Why is gas more expensive in the summer? Competition, logistics — and the blend

by Anas Siddiqui
Why is gas more expensive in the summer? Competition, logistics — and the blend

Cost of Living5:50Why is gas always more expensive in the summer? As summer approaches, Canadian drivers have likely already experienced the all-too-familiar rise in prices at gas station pumps. A boosted demand …

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Vermont is going to make fossil fuel companies pay for climate change damage

by Walter Watson
Vermont is going to make fossil fuel companies pay for climate change damage

As It Happens6:45Vermont is going to make fossil fuel companies pay for climate change damage It’s high time the companies most responsible for climate change pay for the damage it …

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Quebec to force gas stations to report their prices. Will it lower fuel costs?

by Anas Siddiqui
Quebec to force gas stations to report their prices. Will it lower fuel costs?

Quebec wants to boost transparency around gas prices. The province will force gas stations to report their prices to the government, and it’s going to publish them online.  Pierre Fitzgibbon, Quebec’s …

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Competition Bureau investigating Lululemon over greenwashing allegations

by Anas Siddiqui
Competition Bureau investigating Lululemon over greenwashing allegations

Canada’s Competition Bureau has opened a formal investigation into Lululemon’s environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday. Marianne Blondin confirmed in an email that the Competition Bureau “has commenced …

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No water, no oil: How the parched western provinces could hamper the oilpatch

by Anas Siddiqui
No water, no oil: How the parched western provinces could hamper the oilpatch

Persistent and severe drought conditions across Western Canada could have a devastating effect on the oil and natural gas sector, which has drilling operations in some of the driest areas, …

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Canada is still backing the fossil fuel industry with billions, report finds

by Anas Siddiqui
Canada is still backing the fossil fuel industry with billions, report finds

A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of …

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Oil prices projected to stay at low levels in 2024, report says 

by Anas Siddiqui
Oil prices projected to stay at low levels in 2024, report says 

A new report forecasting energy trends estimates global oil prices will be stuck at low levels for the next couple of years.  The analysis from Deloitte released Tuesday predicts an …

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Big Canadian banks may be making misleading claims on sustainability, says securities complaint

by Anas Siddiqui
Big Canadian banks may be making misleading claims on sustainability, says securities complaint

Canada’s big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group. Banks are …

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Outlook good for Canadian oil and gas sector, says industry report, but risks remain

by Anas Siddiqui
Outlook good for Canadian oil and gas sector, says industry report, but risks remain

Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the …

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