Cenovus Energy Inc. says it is cutting its capital spending plan for this year by 32 per cent due to the recent plunge in world oil prices. The company says it now plans between $900 million and $1 billion in total capital spending this year, down from earlier plans forRead More →
The shelving of the proposed $20.6-billion Frontier oilsands mine this week stems mostly from the length of time it took for it to win regulatory approval, says the CEO of oilsands producer Husky Energy Inc. The project application was withdrawn by Teck Resources Ltd. last Sunday, just days before theRead More →
Vancouver-based Teck Resources Ltd., has withdrawn its application to build a massive oilsands project in northern Alberta, citing the ongoing debate over climate policy in Canada. The federal government was slated to make a decision this week on whether to approve the $20.6-billion, 260,000-barrel-per-day Frontier. Sources close to the projectRead More →
Alberta Premier Jason Kenney says he hopes to see concrete action in short order after meeting today with Deputy Prime Minister Chrystia Freeland. Before the two headed into their meeting in Calgary, Kenney wished Freeland, who is of Ukrainian background, a happy Eastern Orthodox Christmas. He then said he appreciatesRead More →
Professional adventurer Greg Hill was skiing in Pakistan five years ago, when he got caught in an avalanche and broke his leg. As he healed, he reflected on what legacy he would have left behind had he died. Hill had climbed hundreds of mountains, skied millions of vertical feet andRead More →
Four Yazidi refugee children have been reunited with their families in Calgary on Christmas Eve, after spending more than four years in ISIS captivity in Iraq. Bindu Narula, with the Calgary Catholic Immigration Society, was at the Calgary airport to witness the tear-filled reunion on Tuesday. “It’s a perfect timeRead More →
A hockey player paralyzed in the Humboldt Broncos bus crash says it feels good to be home after spending five weeks in Thailand, where he underwent spinal surgery. “It feels good. I mean I felt that cold, cold wind hit my legs, so I’m feeling good. It’s good to beRead More →
A Calgary retiree says he was “sick to his stomach” after learning his bank wired more than $800,000 of his savings to fraudsters despite security red flags. Rod McLeod, 75, was a longtime customer with Cidel Bank — one of dozens of private banks in Canada that handle wealth management forRead More →
Alberta’s new UCP government will continue to apply a $30-per-tonne carbon price that covers the majority of greenhouse gas emissions in the province, but will loosen the rules so that some of the largest emitters could be on the hook for $330 million less in charges next year. New legislation introducedRead More →
John Felderhof, the only executive ever prosecuted in the Bre-X Minerals Ltd. gold hoax of the 1990s, has died in the Philippines, according to his Toronto lawyer. The former chief geologist of the Calgary-based mining company was found not guilty of insider trading in 2007. The dismissal of two civilRead More →