By 2017, large emitters will have to reduce the intensity of greenhouse gases by 20%, while carbon levies will double from $15 a tonne to $30 a tonne.
In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48.
Industry actors such as the CEO of Capital Power Corp. are worried Alberta could force the early retirement of coal-fired power plants.
Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.
A new peer-reviewed study funded by the U.S. Department of Energy says oil extracted from Canada's oil sands produces greenhouse-gas emissions that are an average 20% higher than for conventional U.S. crude.
Collectively, Canada's energy sector lost more than $600 million in the first three months of this year, and the Canadian economy shrank in the same period, as the collapse in oil prices took its toll.
Collapsed prices, a looming recession, calls for a development moratorium, halting federal action on emissions – the oil sands are under pressure on many fronts.
The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows.
Production is expected to reach 110,000 barrels per day, bringing total production to 220,000 barrels per day.
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totalled 31.11 million barrels per day (b/d) in May, up 180,000 b/d from April and the group's highest monthly volume since October 2012, according to the latest Platts survey of OPEC and oil industry officials and analysts.
ConocoPhillips and Husky have both suspended exploration in the play, scared off by the oil price rout.
The US Department of Justice is investigating possible price manipulation of gold, silver and crude oil benchmarks by Wall Street financial institutions.
Today, the U.S. Environmental Protection Agency (EPA) released EJSCREEN, an environmental justice screening and mapping tool that uses high resolution maps combined with demographic and environmental data to identify places with potentially elevated environmental burdens and vulnerable populations.
The industry body said that instead of fighting fossil fuels, industrialized nations should try to make them cleaner.
Helpful hints have the potential to increase machine uptime and reduce operating costs
Meanwhile, the country’s overall oil production is expected to reach 5.3 million barrels a day by 2030, which is 1.1 million barrels per day lower than last year's expectations.
The proposed sum is on top of the $75 million the firm agreed to pay to Michigan last month.
The 400-tonne heavy haulers that rumble along the roads of northern Alberta’s oilsands sites are referred to in Fort McMurray as “the biggest trucks in the world,” employing thousands of operators to drive the massive rigs through the mine pits.
U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.
Mining and logging was the big exception in Friday's payroll numbers with 18,000 jobs lost in May, the worst month since the global financial crisis.
Junior oil sands companies have been falling like dominoes lately, but that doesn’t mean the species is doomed, says the CEO of BlackPearl Resources Ltd., insisting his junior oilsands company will survive and thrive despite current low oil prices and unfavourable capital markets.
A 40 to 60 per cent increase in productivity.
In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare.
But findings could have been limited due to insufficient amount of data and the presence of other possible contaminates that made it impossible to conclude fracking's effects on certain areas, says EPA.
Chilean company Mineria Activa is stepping up efforts to grab some of that market in a much greener way than China,
They shed $156 billion in market value last year, or about 16% of their combined worth, according to PwC.
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