April 27, 2016

Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie

Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.

April 27, 2016

Stanford University decision to keep fossil fuels holdings triggers uproar

The board of trustees said they didn't believe in divesting from the fossil fuel industry until there are competitive and readily available alternatives.

April 27, 2016

Adani’s $12bn Carmichael project hit with yet another lawsuit

A green group asked the Supreme Court in Queensland to review the environmental approval of the controversial coal mine and rail project.

April 26, 2016

Forget the Saudis, Texas will win the oil price war

Senate told price needed to start pumping from 6,500 drilled but uncompleted wells in US "much lower than global competitors believe or would like it to be"

April 26, 2016

Nova Scotia’s proposed overhaul of mining rules met with criticism, demands

While the province says the proposed ruling will cut red tape, environmental groups claim it doesn't do enough to prevent mining on privately protected lands.

April 26, 2016

Teck Resources posts better-than-expected profit as costs drop

Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.

April 25, 2016

Czech coal miner NWR on the verge of collapse as rescue talks freeze

NWR warned that unless the government and creditors agree on the firm's restructuring by Friday, it would have to consider filing for insolvency of OKD.

April 24, 2016

500 jobs lost after Cameco shuts down Rabbit Lake

In a further indication of the uranium slump, Cameco (NYSE:CCJ, TSX:CCO) is suspending production at its Rabbit Lake operation in northern Saskatchewan and curtailing production at its US operations.

April 24, 2016

Canada fails environmental test

A resource-dependent economy has its price, and in Canada's case, it means a poor report card for protecting the environment.

April 22, 2016

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".