Alberta

The recent deals from Calgary-based Canadian Natural Resources, Cenovus Energy and Athabasca Oil Corporation to acquire billions in oilsands assets have brought much attention to the level of Canadian ownership of these projects and operations.

It’s time to look at the numbers. 

The winds of resistance from Standing Rock blew into Washington D.C. last week, as indigenous leaders brought their demands directly to the door of the Trump administration.

[Webpage editor's note: Notwithstanding the false description of Imperial Oil as a Canadian company this article notes a significant shift.  More of the climate vandalism underway is by Canadian corporations.]

The Alberta Energy Regulator’s annual reserves and supply/demand outlook

Billion-dollar bets on Canada's oil sands went sour this week for Exxon Mobil Corp and Conoco Phillips. Between them, the two companies erased from their books nearly 5 billion barrels of bitumen, the heavy, viscous oil found under Alberta's boreal forest. This has wiped about $250 billion worth of oil from their reserves.

During his six-year tenure working in Alberta’s oil sands, Lliam Hildebrand found that one topic in particular – renewable energy, of all things – always made its way into conversation.

“New pipelines to transition to clean energy” is Canada’s own form of climate denial

Watching Prime Minister Trudeau celebrate President Trump’s executive order reviving the Keystone XL pipeline got me thinking: how is it that our ‘progressive’ Canadian leader is siding with the climate-denying U.S. president on major fossil fuel expansion?

It’s a scary reminder that Trudeau’s recent pipeline and tanker project approvals are simply an extension of the oil patch status quo.

As Prime Minister Justin Trudeau said this week he "misspoke" when predicting the oilsands would someday have to be phased out, a new study says reducing oil production is exactly what the country needs to be doing if the world is going to meet its targets under the Paris climate agreement.

“Canada’s exports of fossil fuels do not need to drop to zero immediately, but we cannot pursue policies that further increase extracted carbon,” economist Marc Lee wrote in the report for the Canadian Centre for Policy Alternatives and the Parkland Institute.

When B.C. Premier Christy Clark announced her support¹ for the Kinder Morgan pipeline expansion project, she cited an unprecedented revenue-sharing agreement with the company that will deliver up to $1-billion to the province's coffers.

But as the message printed on rear-view mirrors warns, some objects may appear larger than they are: The deal that the Premier announced is a non-binding agreement, and the details now under negotiation will determine the true value of those dollars.