Oil & Gas and Mining News

TORONTO — Five things to watch for in the Canadian business world in the coming week: Canada Day It is a start-and-stop week for Canadian business with the Canada Day holiday landing on a Tuesday this year.

The final numbers are in on last year's Alberta budget, and the bottom-line figure is an $8.3-billion surplus. It's $2.

HALIFAX — The Nova Scotia government says it will spend $1.73 million to help 22 seafood companies and related organizations reduce their carbon footprints.

OTTAWA — Parliament has passed controversial major projects legislation that Prime Minister Mark Carney says Canada needs to shore up its economy in the face of a trade war with the United States.

TORONTO — A climate advocacy group says oil and gas representation on the boards of Canada's big public pensions raise concerns about conflicts of interest.

CALGARY — Alberta Premier Danielle Smith has expressed confidence one or more private-sector pipeline operators will come forward with a plan to ship oilsands crude to the Port of Prince Rupert, B.C.

CALGARY — Fuel refiner and retailer Parkland Corp. says shareholders have voted in favour of its planned takeover by U.S. company Sunoco LP.

CALGARY — Oilsands output is forecast to hit a new record this year and add another half a million barrels a day from last year's levels by 2030 despite global crude price uncertainty, S&P Global Commodity Insights says in a new report.

OTTAWA — A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and change in government.

The Nova Scotia government is giving the Unama’ki Institute of Natural Resources in Cape Breton $893,000 to fund Mi’kmaq-led climate change adaptation work.