Energy

By Michael MacDonald The Canadian Press Wed., Feb. 2, 2022 HALIFAX – The Nova Scotia government has scuttled a bid by the province’s private electric utility to charge fees to customers who sell renewable power back to the electricity grid. Premier Tim Houston issued a statement Wednesday saying his government’s move is aimed at protecting the …

N.S. government kills electric utility’s bid to impose ‘net-metering’ charge on solar Read More »

TORONTO — Strength in the energy sector helped Canada’s main stock index rise in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 96.35 points at 21,194.64. TORONTO — Strength in the energy sector helped Canada’s main stock index rise in late-morning trading, while U.S. stock markets were mixed. The …

Strength in energy sector helps lift S&P/TSX composite, U.S. stock markets mixed Read More »

January 31, 2022 EnergyNow Media (Bloomberg)Canada’s oil companies are outperforming their energy-producing peers as the highest oil prices in seven years brings a windfall of cash.The combined shares of five of the largest oil sands companies have outpaced the broader S&P 500 Energy Index over the past three months, data compiled by Bloomberg show.The 25% …

Canada’s Oil Sands Stocks Surge Even as Some Companies Exit Read More »

HALIFAX — Atlantic Canada’s four premiers met virtually today to discuss regional priorities, including the Atlantic Loop clean energy project. In a news release following the meeting hosted by Nova Scotia Premier Tim Houston, the premiers reiterated the importance of the $5-billion proposal. The premiers say the Atlantic Loop, which would connect the four provinces …

Atlantic premiers meet to discuss clean energy loop, COVID-19 management Read More »

Alex Longley and Devika Krishna Kumar Mon., January 24, 2022, 8:53 a.m. Alex Longley and Devika Krishna KumarMon., January 24, 2022, 8:53 a.m. (Bloomberg) — Oil in New York tumbled as risk-off sentiment prevailed across financial markets, driven by concerns about monetary tightening and growing political tensions in Ukraine. U.S. crude futures lost as much …

Oil Tumbles With Equities Amid Rate-Hike Fears, Ukraine Tensions Read More »

January 19, 2022 EnergyNow Media The head of the International Energy Agency says Canada is a preferred global oil and gas supplier and should take steps to ensure it remains so in the decades to come.  IEA executive director Fatih Birol is a big advocate for net zero targets, but he knows that even as the world transforms its energy systems, oil and gas will be around …

International Recognition: IEA Boss Prefers Oil and Gas from Canada Read More »

Published Sunday, January 16, 2022 10:48PM EST The Trans Mountain pipeline returned to normal operating pressure on Saturday, it said in a statement, after functioning at reduced pressure for over a month. The Canadian government-owned oil pipeline, which ships 300,000 barrels a day of crude oil and refined products from Alberta to the Pacific Coast, was …

Trans Mountain oil pipeline returns to normal operating pressure Read More »