Oil & Gas and Mining News

FREDERICTON — A three-person team who will lead a review of New Brunswick's debt-laden public power utility says "nothing is off the table" when it comes to finding solutions.

CALGARY — Vermilion Energy Inc. has signed a deal to sell a group of assets in Saskatchewan and Manitoba for $415 million. The company says it will use the net proceeds from the sale to repay debt.

YELLOWKNIFE — Canada's western premiers say they've agreed to identify, plan and develop new economic corridors to connect provincial resources to international markets.

MONTREAL — Reviving a liquefied natural gas export project in Quebec's Saguenay region would be costly and likely unprofitable, a shareholder advocacy group says, as economic threats from the U.S.

TORONTO — A major piece of Toronto's climate plan appears to be in the Ontario government's crosshairs, critics warn, as the province advances a bill that could strip municipalities of their power to set green building standards.

OTTAWA — The end of the consumer carbon price at the start of April drove inflation down sharply, Statistics Canada said Tuesday, but there were signs of pressure building at the grocery store. The annual pace of inflation cooled to 1.

VANCOUVER — TotalEnergies has signed a deal to buy two million tons per year of liquefied natural gas for 20 years from the proposed Ksi Lisims LNG project on the north coast of B.C.

VANCOUVER — British Columbia's power utility is facing transformational challenges of drought, rising costs and a trade war with the United States as it works to meet electricity demand that's surging after two decades of relative stability.

OTTAWA — Canadian motorists were paying less at the pump in April after the Liberals nixed the consumer carbon price — a move economists expect will help keep inflation around the Bank of Canada's two per cent target as tariff woes percolate.

CALGARY — The mayor of Crowsnest Pass in southwestern Alberta says the Alberta Energy Regulator's approval of a controversial coal exploration project on the eastern slopes of the Rocky Mountains is long overdue. "I think they finally woke up.