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Alberta Energy Regulator orders Sunshine Oilsands to suspend wells, pipelines

Sunshine Oilsands Ltd. has been ordered to suspend its wells, facilities and pipelines for failing to meet regulatory obligations.

AtkinsRéalis Group Inc. has announced a deal to build two new Candu nuclear reactors in Romania. AtkinsRealis headquarters are seen in Montreal, Friday, Nov. 10, 2023. THE CANADIAN PRESS/Christinne Musch
BusinessElectricityNewsNuclear Power

AtkinsRéalis wins contract to build two new Candu reactors in Romania

AtkinsRéalis Group Inc. has announced a deal to build two new Candu nuclear reactors in Romania.

The Suncor Energy Inc. logo is shown in an undated handout image. THE CANADIAN PRESS/HO
BusinessNewsOil

Suncor to return all excess cash to shareholders after hitting debt target early

Suncor Energy, achieving record oil production and debt reduction, will return 100 per cent of excess funds to shareholders via dividends.

Suncor's base plant with upgraders in the oil sands in Fort McMurray Alta., on June 13, 2017. THE CANADIAN PRESS/Jason Frans
BusinessNewsOil

Suncor Energy earnings rise to $2.02 billion in third quarter

Suncor Energy posts a Q3 profit of $2.02B, up from $1.54B last year, with refinery utilization hitting 105 per cent.

The Cameco corporate logo is seen in an undated handout image. THE CANADIAN PRESS/HO, *MANDATORY CREDIT*
BusinessMineralsMiningNewsNuclear Power

Cameco raises annual dividend, reports $7M third-quarter profit

The uranium miner's revenue for the quarter totalled $721 million, up from $575 million in the same quarter last year.

Major Drilling Group International Inc. logo is shown in a handout. The company has signed a deal to buy South American specialty drilling contractor Explomin Perforaciones in a deal worth up to US$85 million. THE CANADIAN PRESS/HO
BusinessMiningNatural GasNewsOil

Major Drilling buys South American drilling contractor, boosting rig count

The deal will see Major Drilling will acquire a fleet of 92 well-maintained drills, bringing the total rig count to 701.

The Ontario government is moving to extend its 5.7-cent cut to the gas tax until next summer. Ontario premier Doug Ford holds a press conference at a gas station in Toronto on Tuesday, October 31, 2023. THE CANADIAN PRESS/Nathan Denette
AutomotiveLegislationNewsTransport

Ontario government moves to extend 5.7 cent gas tax cut to June 2025

Premier Doug Ford says his government will soon put forward legislation to keep the tax at nine cents per litre until June 30.

A pair of protesters are removed from the Jacques Cartier Bridge by first responders, in Montreal, Tuesday, Oct. 22, 2024. THE CANADIAN PRESS/Christinne Musch
ClimateCoalEmissionsEnvironmentIndigenousIndustryNatural GasNewsOilPoliticsRegulations

Montreal climate protesters charged after climbing Jacques Cartier Bridge

Two activists face charges after scaling Montreal's Jacques Cartier Bridge in a climate protest, disrupting traffic.

A new report shows the patchwork of progress at Canada's big life insurers in their efforts to address climate change and reduce their more than $90 billion in fossil fuel investments.A flare stack lights the sky from an oil refinery in Edmonton on Dec. 28, 2018. THE CANADIAN PRESS/Jason Frans
BusinessClimateEconomyEmissionsLegislationRegulationsReports

A patchwork of progress on climate at Canada’s life insurance giants: report

Canada’s top life insurers face slow progress in reducing $90B fossil fuel investments, despite net-zero commitments.

O'Reilly Oilfield Services Ltd. has been fined $90,000 after pleading guilty to one count of failing to protect the health and safety of workers under its supervision. Pumpjacks are shown near Hardisty, Alta., on June 20, 2007. THE CANADIAN PRESS/Larry MacDougal
BusinessCourtsLabourNatural GasNewsOilRegulations

Alberta company fined after worker severely burned in 2021 oil and gas site fire

O'Reilly Oilfield has been fined $90,000 after pleading guilty to one count of failing to protect workers under its supervision.

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