Alberta

Loss of Keystone XL pipeline expected to hurt future oilpatch growth: experts

CALGARY - An industry analyst says Western Canada's oil producers will likely cope better in the short term with Joe Biden's cancelling of the Keystone XL presidential permit this week than they did w...

Jan 21, 2021

New report paints bleak picture for Alberta's small businesses

A new report based on results from a survey by the Canadian Federation of Independent Business (CFIB) shows 34,498 small businesses in Alberta are at risk of filing for bankruptcy or permanently shutt...

Jan 21, 2021

TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

CALGARY - TC Energy Corp. is planning to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project.The company suspended work on th...

Jan 21, 2021

As Alberta debates coal mining, industry already affecting once-protected Rockies

Coal mining is already having an impact in Alberta's Rocky Mountains even as debate intensifies over the industry's presence in one of the province's most beloved landscapes. "They've been very active...

Dylan Payne Jan 21, 2021

Biden officially revokes Keystone XL permit, Kenney calls it "gut punch"

CALGARY - Newly inaugurated U.S. President Joe Biden carried out his campaign promise to tear up the presidential permit keeping the Keystone XL expansion alive on Wednesday, hours after the pipeline ...

Jan 20, 2021

Alberta Beef Producers want more public consultation on coal mines

GRANDE PRAIRIE, AB. -- Alberta Beef Producers says it is hoping the government's decision to put having coal mining leases for the eastern slopes of the Rockies on hold leads to what it calls "necessa...

Jan 20, 2021

Norwegian oil company Equinor completes oilsands exit by selling Athabasca Oil shares

CALGARY - Norwegian oil giant Equinor ASA says it has completed its exit from the Canadian oilsands by selling the 18.8 per cent stake in producer Athabasca Oil Corp. it acquired three years ago.The S...

Jan 20, 2021

TC Energy halts spending on Keystone XL, says it's "disappointed" with Biden move

CALGARY - TC Energy Corp. says it has suspended work on the Keystone XL project in anticipation of U.S. president-elect Joe Biden revoking its vital presidential permit once he is sworn in later today...

Jan 20, 2021

Shareholders give OK to West Fraser deal to buy Norbord, consolidating wood sector

TORONTO - Shareholders of West Fraser Timber Co. Ltd. and Norbord Inc. have approved a $4-billion all-stock deal that will marry two of Canada's big wood product producers.Norbord chief executive Pete...

Jan 20, 2021

AltaLink seeks to refund extra $350 million over three years to Alberta customers

CALGARY - AltaLink wants to refund an additional $350 million to Alberta's electricity customers over the next three years because of low energy prices.The move, combined with its previous rate initia...

Jan 19, 2021