Feb. 18, 2023 marked the one-year anniversary of Trans Mountain’s last construction cost update, when the price tag of the expansion project (TMX) ballooned to $21.4 billion — nearly triple the cost projected when Canada bought the embattled pipeline in 2018.
'Feels pretty good': Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says
Up 11 per cent from last year, but still well off levels in 2014 when oil prices last boomed
CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday.
Last July, the city of Vancouver pledged $1 per resident to bring a class-action lawsuit against the largest oil companies, but those funds are nowhere to be found in the 2023 budget.
In 1988, scientists working for the oil giant Shell wrote in an internal memo that the burning of fossil fuels, if unchecked, would lead to changes to sea level and weather “larger than any that have occurred over the past 12,000 years.”
PRINCE GEORGE, BC - February 28, 2023: A dozen Wet’suwet’en land defenders and supporters have applied to the Supreme Court of British Columbia to have criminal contempt charges stayed in light of widespread Charter violations stemming from police misconduct.
Fossil fuel giant Enbridge faces the risk of a “death spiral” as the energy transition to renewables unfolds, according to evidence the company filed with the Ontario regulator. A death spiral could occur when customers, fed up with the increasing costs of gas, switch to cleaner and cheaper sources of energy.
Trans Mountain Corporation purchased carbon credits from a tiny, non-functioning Alberta startup proposing to produce seaweed-based additives that reduce methane emissions from cows, Canada's National Observer has found.
