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Oil & Gas and Mining News

Strathcona blasts MEG Energy's 'weak board' as company chooses $7.9B Cenovus deal

Strathcona blasts MEG Energy's 'weak board' as company chooses $7.9B Cenovus deal

CALGARY — MEG Energy Inc. has accepted a friendly cash-and-stock takeover offer from oilsands neighbour Cenovus Energy Inc. worth $7.
Nova Scotia firefighters wary of potential wind shifts as hurricane to pass Friday

Nova Scotia firefighters wary of potential wind shifts as hurricane to pass Friday

WEST DALHOUSIE — Firefighting officials in Nova Scotia are keeping a wary eye on Hurricane Erin, which is expected to pass well offshore but bring strong wind gusts to parts of the province on Friday.
Canada's 'exceptional' drought hints at future climate, need for action: experts

Canada's 'exceptional' drought hints at future climate, need for action: experts

Canada must prepare for more seasons marked by severe drought, experts say as this summer's bone-dry conditions tormented farmers, strained municipal water supply and fuelled one of the worst wildfire seasons on record.
Hodgson 'hopeful' first batch of major projects announcements to start in fall

Hodgson 'hopeful' first batch of major projects announcements to start in fall

OTTAWA — Natural Resources Minister Tim Hodgson said he is "hopeful" that the government will start announcing major infrastructure project approvals in the fall.
Group files greenwashing complaint with securities watchdog against Enbridge, Cenovus

Group files greenwashing complaint with securities watchdog against Enbridge, Cenovus

CALGARY — A shareholder advocacy group has filed a greenwashing complaint with Alberta's securities watchdog alleging Cenovus Inc., one of Canada's biggest oilsands producers, and Enbridge Inc.
Economists split on BoC's next rate move after July inflation data

Economists split on BoC's next rate move after July inflation data

OTTAWA — Economists say they found some encouraging signs in the latest inflation numbers but some warn the Bank of Canada might need a bit more convincing to cut its key interest rate next month. The annual rate of inflation fell to 1.
Drop in oil prices helps push N.L. deficit forecast up by 68 per cent to $626M

Drop in oil prices helps push N.L. deficit forecast up by 68 per cent to $626M

ST. JOHN'S — The deficit forecast for Newfoundland and Labrador has been revised upward by almost 70 per cent, primarily due to a volatile oil market and a stronger Canadian dollar.
Indigenous leaders on Trans Mountain lessons as Building Canada Act moves forward

Indigenous leaders on Trans Mountain lessons as Building Canada Act moves forward

OTTAWA — Two former Indigenous leaders on both sides of the debate over the Trans Mountain pipeline expansion say the federal government can't ignore First Nations on future infrastructure projects it seeks to approve.
Fewer firms report U.S. tariff hit as manufacturing sales edge up in June

Fewer firms report U.S. tariff hit as manufacturing sales edge up in June

OTTAWA — Statistics Canada says manufacturing sales edged up June and a smaller share of firms reported an impact from U.S. tariffs. The agency said Friday that manufacturing sales in June rose 0.3 per cent to $68.
Ottawa funds $25M for companies to build EV chargers, buy natural gas-powered trucks

Ottawa funds $25M for companies to build EV chargers, buy natural gas-powered trucks

OTTAWA — The federal government announced $25 million in funding today for companies to build more than 850 electric vehicle chargers, mostly in Quebec.