By some estimates, “the price of oil could permanently plummet to $25 a barrel by the mid-2020s. Only the cheapest oil in places like Saudi Arabia could be economically produced. Canada's oil sands, where most projects need an oil price of $60 to $80 a barrel just to break even, would cease to make financial sense.”
The chief of a northern Alberta First Nation says he gave climate activist Greta Thunberg a message during a quietly arranged meeting in Fort McMurray on Friday night.
Athabasca Chipewyan First Nation Chief Allan Adam says he told the 16-year-old Swede that Europeans are major investors in the area's oilsands, and she needs to get people to lobby those investors for greener technology to extract Alberta energy.
Dan Edwards watched Fort McMurray, Alberta, turn into the insolvency capital of Canada from a brown brick warehouse on King Street, home to the Wood Buffalo Food Bank.
VANCOUVER – The Federal Court of Appeal has granted a temporary injunction to Alberta’s so-called turn-off-the-taps-legislation.
The Government of British Columbia won a temporary injunction in the fight against the bill. B.C.’s Attorney General David Eby addressed the decision shortly after it was made.
