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Resources & Agriculture

Budget 2023: Industry leaders say 2023 may be pivotal for oil industry

Budget 2023: Industry leaders say 2023 may be pivotal for oil industry

Finance Minister Travis Toews said Albertans have been absolutely blessed over the last year and half with a strong recovery and high energy prices in response to a big surplus and a record non-renewable resource revenue forecast. On Feb.
B.C. logging firm wants to avoid cutting old growth, but province said it must pay

B.C. logging firm wants to avoid cutting old growth, but province said it must pay

A British Columbia company that wants to avoid logging sections of at-risk old growth was told by the Crown corporation that manages B.C.'s public forests to cut the trees down or pay to leave them standing, its chief forester said.
N.W.T. says lack of notice on oilsands tailings spill goes against deal with Alberta

N.W.T. says lack of notice on oilsands tailings spill goes against deal with Alberta

Alberta didn't live up to the terms of a deal it has with the Northwest Territories to inform it about threats to its shared watershed after two major oilsands tailings spills, the territory's environment minister said Friday.
Suncor Energy selling North Sea offshore assets in deal valued at $1.2B

Suncor Energy selling North Sea offshore assets in deal valued at $1.2B

CALGARY — Suncor Energy Inc. has signed a deal to sell its offshore assets in the North Sea to Equinor UK Ltd. in an agreement valued at about $1.2 billion. Suncor interim chief executive Kris Smith says the decision to sell the U.K.
Local scientists, fishermen laud decision to shut down ‘problematic’ Discovery Islands fish farms

Local scientists, fishermen laud decision to shut down ‘problematic’ Discovery Islands fish farms

Fisheries minister Joyce Murray reaffirmed a prior decision last month not to renew 15 open-net salmon farm licenses in the region
Canfor reports profit of $880M for 2022

Canfor reports profit of $880M for 2022

Downturn in final quarter of the year prompted mill curtailments and closures across northern B.C.
Crescent Point continues to grow production in Kaybob Duvernay

Crescent Point continues to grow production in Kaybob Duvernay

CALGARY — Crescent Point Energy Corp. says its $900-million acquisition of Shell Canada's Kaybob Duvernay assets in 2021 has performed so well that the assets will have paid for themselves by the end of the first quarter of 2023.
Alberta producers await beef competitiveness study

Alberta producers await beef competitiveness study

A long-awaited beef competitiveness study will soon be made public, according to the general manager of Alberta Beef Producers.
Canfor Pulp lost $42.9M in 2022

Canfor Pulp lost $42.9M in 2022

Supply chain disruptions, fibre shortages and the closure of P.G. Pulp and Paper pulp line contributed to the loss.
91Ô­´´ Natural Resources' Q4 profit down from year ago; extreme cold affects output

91Ô­´´ Natural Resources' Q4 profit down from year ago; extreme cold affects output

CALGARY — 91Ô­´´ Natural Resources Ltd.'s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.