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Damage from post-tropical storm Fiona at the wharf in Stanley Bridge, P.E.I., on Sunday, Sept. 25, 2022. Two years after post-tropical storm Fiona made landfall on P.E.I., a report by the provincial government says the Island’s forests are emitting more carbon than they capture, and it will take at least 50 years to restore the trees that were lost. THE CANADIAN PRESS/Brian McInnis
EmissionsEnvironmentNews

P.E.I. forests emit more carbon than they absorb after damage from 2022 storm

P.E.I. forests emit more carbon than they absorb due to damage from post-tropical storm Fiona, with recovery expected by 2045.

Shares of Parex Resources Inc. were down in early trading after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity. The Parex Resources logo is seen in an undated handout image. THE CANADIAN PRESS/HO, *MANDATORY CREDIT*
BusinessNatural GasNewsOil

Shares of Parex Resources drop after company cuts production forecast

Parex Resources shares fell 28% after cutting 2024 production guidance and announcing CFO Sanjay Bishnoi's departure.

EconomyElectric Vehicles (EVs)EmissionsMaritimeNewsPoliticsTransport

Canada Infrastructure Bank lends $75M to B.C. ferry service for zero-emission vessels

Canada Infrastructure Bank says the loan will cover the higher upfront costs of the four ferries compared with diesel, including the necessary charging...

Laurie Pushor, head of Alberta Energy Regulator, is seen in this undated handout photo. THE CANADIAN PRESS/HO, Alberta Energy Regulator *MANDATORY CREDIT*
ElectricityNewsPoliticsRegulations

Search committee struck to replace head of Alberta Energy Regulator

Alberta's Energy Regulator seeks a new president as Laurie Pushor steps down, with ongoing challenges in well management and transparency.

The Site C Dam location is seen along the Peace River in Fort St. John, B.C., Tuesday, April 18, 2017. BC Hydro says it has begun filling the reservoir created by the massive Site C dam project in northeastern British Columbia. THE CANADIAN PRESS/Jonathan Hayward
ElectricityHydropowerIndigenousInfrastructureNewsPoliticsUtilities

BC Hydro begins filling reservoir as Site C dam megaproject nears completion

BC Hydro says it has begun filling the reservoir created by the massive Site C dam project in northeastern British Columbia

A grizzly bear and two cubs are shown on Vancouver Island in this July 2024 handout photo taken from video. Professional wildlife photographer Catherine Babault filmed the bears on Vancouver Island encountering a herd of Roosevelt elk. THE CANADIAN PRESS/HO, Catherine Babault Photography *MANDATORY CREDIT*
BiodiversityEnvironment

Grizzly bear cubs seen on Vancouver Island for first time could have big impact

Grizzly bear cubs spotted on Vancouver Island may signal the start of a native population, potentially reshaping the ecosystem.

A stream runs through part of the Fundy Bay View Nature Reserve, near St. Martins, N.B., in an undated handout photo. The 2.3-square-kilometre picturesque coastal forest area has been purchased by The Nature Conservancy of Canada, who say it is a crucial location for migratory shorebirds to stop, feed and rest during their travels. THE CANADIAN PRESS/HO-NCC, Andrew Herygers, *MANDATORY CREDIT*
BiodiversityEnvironmentIndigenousNewsResiliency

Nature Conservancy of Canada acquires Acadian seaside forest for new reserve in N.B.

A seaside forest in southern New Brunswick will be turned into a nature reserve, protecting vital habitat for migratory shorebirds and diverse wildlife.

TC Energy headquarters in Calgary, Alta. on July 30. TC Energy Corp. says it and its partner Northern New England Investment Company successfully completed the sale of Portland Natural Gas Transmission System. THE CANADIAN PRESS/Todd Korol
BusinessElectricityFuelInfrastructureLiquefied Natural GasLiquefied Petroleum GasNatural GasNewsOilTransmissionUtilities

TC Energy completes sale of Portland Natural Gas Transmission System

TC Energy and its partner completed the $1.14B sale of Portland Natural Gas Transmission System to BlackRock and Morgan Stanley.

A gull covered in oil is seen on the bank of the St. Lawrence River, in east-end Montreal, where an oil spill occurred on Thursday July 25, 2024 in Montreal. THE CANADIAN PRESS/Stéphane Blais
AutomotiveEnvironmentNewsOil

Montreal police investigate motor oil spills in St. Lawrence River

Mayor asks people to contact police over St Lawrence oil spill as investigation begins into 1,000-litre discharge.

BusinessCritical MineralsFinanceMineralsMiningNews

Hudbay reports Q2 loss, revenue up from year ago

Mining company Hudbay Minerals Inc. reported a net loss attributable to owners of US$16.6 million in its latest quarter.

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