Friday, 25 April 2025

Canada

Veren Inc. logo is shown in a handout. The company reported its profit rose in its latest quarter to $261 million from $212.3 million a year ago. THE CANADIAN PRESS/HO
BusinessFinanceFuelInfrastructureNatural GasNewsOilTransmission

Veren Inc., formerly Crescent Point Energy, sees profit rise in second quarter

Veren Inc., post-buying spree, shifts focus to reducing its $3.0 billion debt, targeting a further drop to $2.2 billion by year-end.

ClimateEmissionsEnvironmentLegislationNewsPoliticsRegulationsResiliencyWeather

Canada premiers forced to confront escalating climate change-related disasters

Canada’s premiers focus on urgent climate disaster preparedness and mitigation amidst escalating natural crises.

Smoke rises from the Lower Campbell Creek wildfire (K51472) wildfire northwest of Beaverdell, British Columbia, Canada July 24, 2024.   BC Wildfire Service/Handout via REUTERS.
ClimateEnvironmentFuelInfrastructureNewsOilResiliencyTransmissionWeather

Canadian wildfire reaches Jasper, firefighters battle to protect Trans Mountain pipeline

Wildfire forces 25,000 to evacuate from Jasper; firefighters protecting critical infrastructure, including the Trans Mountain Pipeline.

FILE PHOTO: Flames and smoke rise from a burning wildfire, as seen from a highway, in Jasper, Alberta, Canada, July 23, 2024, in this screen grab obtained from a social media video. Donald Schroll/via REUTERS/File Photo
BusinessClimateEnvironmentFuelInfrastructureLabourNewsOilWeather

Spreading Canadian wildfires prompt more evacuation warnings, oil production worries

Imperial Oil said there was no direct impact on its operations at the moment and that it continues to monitor the situation closely.

FILE PHOTO: The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
BusinessCritical MineralsFinanceMineralsMiningNews

Canada’s Teck Resources beats second-quarter profit estimates

Canadia's Teck Resources beat Q2 profit estimates on Wednesday, helped by higher production of copper at its Quebrada Blanca mine in Chile

TMC plans to apply for a licence to extract deep sea minerals before the end of this year, as nations gather to minimise environmental risks. (Stas Parechyn/Unsplash)
BiodiversityClimateCritical MineralsEnvironmentMineralsMiningNews

Canada’s TMC to apply for deep sea mining licence this year, chief exec says

TMC plans to apply for a licence to extract deep sea minerals before the end of this year, as nations gather to minimise...

FILE PHOTO: The Suncor Firebag in-situ processing facility at their oil sands operations near Fort McMurray, Alberta, September 17, 2014. REUTERS/Todd Korol/File Photo
ClimateNewsOil

Canadian oil output steady amid growing wildfire threat, Goldman Sachs says

Production is currently in line with expectations, although the worst of the wildfire season is likely yet to come.

rs are partially submerged in flood waters in the Don Valley following heavy rain in Toronto on July 16 2024. THE CANADIAN PRESS/Arlyn McAdorey
ClimateNewsWeather

Toronto is vulnerable to climate-fuelled floods. What will make it more resilient?

The mayor is tabling a meeting to see what programs can be implemented to help tackle extreme weather events.

AnalysisBusinessCarbon ManagementEmissionsReports

Carbon dioxide removal: how to reach ‘curious newcomers’ and ‘engaged buyers’

The Pembina Institute wanted to better understand the potential pool of buyers for carbon dioxide removal credits, as well as any barriers to...

N rail trains are shown at the CN MacMillan Yard in Vaughan, Ont., on June 20, 2022. THE CANADIAN PRESS/Nathan Denette
CourtsEnvironmentLegislationNewsOilPoliticsPublic TransitRailRegulations

CN Rail fined $8M for crude oil spills related to 2015 train derailments

CN Railway fined $8M for 2015 derailments releasing 3.6M liters of oil into Ontario’s environment, violating the federal Fisheries Act.

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