Friday, 25 April 2025

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Edmonton-based Capital Power Corp. says it is no longer pursuing a proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. Capital Power’s Genesee Power Plant is seen near Edmonton in an Oct. 19, 2022, handout photo. THE CANADIAN PRESS/HO-Capital Power, Jimmy Jeong, *MANDATORY CREDIT*
BusinessCarbon ManagementNews

Capital Power pulls plug on $2.4bn carbon capture project

Capital Power's carbon capture plan is technically viable but not economically feasible, company says.

FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsFinanceNewsOilPolitics

Exxon to bar Pioneer CEO from its board in deal with FTC: WSJ report

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add...

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.    REUTERS/Nick Oxford/File Photo
BusinessNewsOil

Devon Energy beats Q1 profit estimate

Oil and gas producer Devon Energy sees higher production offset decline in natural gas prices.

A renovated cruise ship designed to house more than 600 workers as they build a liquefied natural gas facility near Squamish, B.C., has been voted down by the local council. A handout photo provided by Bridgemans Services Group shows the MV Isabelle afloat in Burrard Inlet, B.C. THE CANADIAN PRESS/HO-Jeff Vinnick, Bridgemans *MANDATORY CREDIT*
BusinessFuelLiquefied Natural GasNewsPolitics

Woodfibre LNG plan for ‘floatel’ work camp in British Columbia rejected by council

Plans by Woodfibre LNG to use a renovated cruise ship as a "floatel" to house more than 600 workers as they build a...

A Breakthrough Institute report suggests concerns about the impacts of mining for materials needed for clean technologies are overblown. Photo by omid roshan on Unsplash
AnalysisCoalCritical MineralsElectricityEnvironmentMineralsMiningNatural GasNuclear PowerReportsSolarStorageWind

Breakthrough Institute report: What is the true mining footprint of clean energy?

Breakthrough Institute: A rational comparison of the metal and mining footprints of clean electricity technologies — contrasted with the material requirements of fossil...

An exhibition booth of Tellurian is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessLiquefied Natural GasNews

US LNG developer Tellurian sends production workers home amid sale talks

Houston-based LNG developer Tellurian has been holding talks with potential buyers to sell its Haynesville shale gas business to raise capital for its...

FILE PHOTO: Shell logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Advisors suggest Shell investors oppose climate resolution at AGM

Climate resolution to be put before Shell shareholders pushes for Paris Agreement targets, but Glass Lewis doubts benefit.

Federal Trade Commission seal is seen at a news conference to announce that Facebook Inc has agreed to a settlement of allegations it mishandled user privacy at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/ File photo
BusinessCourtsNewsOilPolitics

US FTC set to rule on $60 billion Exxon-Pioneer deal, Bloomberg reports

The U.S. Federal Trade Commission is set to decide whether to sue to block Exxon Mobil's $60 billion acquisition of Pioneer Natural Resources...

Assistant Secretary of State for Energy Resources, U.S. Department of State, Geoffrey Pyatt poses for a portrait during CERAWeek by S&P Global in Houston, Texas, U.S. March 19, 2024.  REUTERS/Callaghan O'Hare/ File Photo
BusinessCritical MineralsEconomyElectric Vehicles (EVs)FinanceLiquefied Natural GasNewsOilPoliticsTrade

US State Dept says oil service firm SLB is not violating Russia sanctions

The U.S. and other western countries have sought to reduce Moscow's energy revenue through sanctions that prompted many service companies to leave Russia....

Five members of Christian Climate Action occupying the lobby of the Labour Party HQ (Christian Climate Action/PA)
FuelNewsOilPolitics

Vicars hold church service in British Labour HQ to protest oil field licence

A group of vicars have occupied and held a church service inside the British Labour Party headquarters in London to protest the proposed...

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