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Resources & Agriculture

Alberta releases first report on well cleanup; $33B liability estimate called too low

Alberta releases first report on well cleanup; $33B liability estimate called too low

Alberta's oil and gas producers spent nearly $700 million in 2022 on cleaning up the hundreds of thousands of old wells that dot the province, the regulator's first report on the extent of those liabilities indicates.
Trade minister cites housing shortage as cause for ceasefire in U.S. softwood spat

Trade minister cites housing shortage as cause for ceasefire in U.S. softwood spat

WASHINGTON — Canada's international trade minister says the great North American softwood lumber standoff is putting a drag on the continent's already tight housing supply. Mary Ng says Ottawa will contest the U.S.
UPDATE: Delta Mayor calls for review into Fortis gas leak

UPDATE: Delta Mayor calls for review into Fortis gas leak

FortisBC issues apology after mayor pens scathing letter to energy company.
Oil sector CEO compensation jumps double-digits amid surging profits: report

Oil sector CEO compensation jumps double-digits amid surging profits: report

CALGARY — CEO pay in the oil and gas sector has soared with the industry's post-pandemic resurgence and will likely increase even more with the completion of the Trans Mountain pipeline expansion this year, a new report projects.
LNG projects raising cost of living, says B.C. First Nation

LNG projects raising cost of living, says B.C. First Nation

Hereditary chiefs say not all economic impacts of LNG are positive
BC Hydro to spend $36 billion on infrastructure over next 10 years, Eby says

BC Hydro to spend $36 billion on infrastructure over next 10 years, Eby says

New construction on those hydro projects is expected to spark a labour-force growth spurt that will result in between 10,500 and 12,500 jobs annually.
Cold snap underscores importance of natural gas in B.C.

Cold snap underscores importance of natural gas in B.C.

No electricity or natural gas shortages were felt in B.C. during cold snap
Alberta oil output hits new record as producers ramp up for Trans Mountain completion

Alberta oil output hits new record as producers ramp up for Trans Mountain completion

The Alberta Energy Regulator says crude oil production in the province rose by 8.8 per cent in November to a new historic high of 4.2 million barrels per day.
Teck Resources says 2023 copper production fell short of guidance

Teck Resources says 2023 copper production fell short of guidance

VANCOUVER — Teck Resources Ltd. says its copper production for 2023 fell short of its guidance for the year, while its zinc production also came in slightly below its expectations.
Linda Coady: We need to invest in B.C.’s forestry industry as it transitions

Linda Coady: We need to invest in B.C.’s forestry industry as it transitions

B.C.'s forestry industry continues to have an outsized impact on the provincial economy