Business

Secret federal memo calls oil sands “significant risk”

Feb 21, 2012 at 12:13 pm in Business, News by tyler.king

A secret federal government memo calls the oilsands a significant environmental and financial risk to Alberta. An Ottawa researcher obtained the document through access to information legislation this week, finding that bureaucrats are unconvinced that more Read more >

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Flint Energy bought by American company

Feb 21, 2012 at 11:47 am in Business, News by tyler.king

A California company has succeeded in getting a foothold in the oilsands. San Francisco-based URS Corporation has bought Calgary-based Flint Energy for one and a quarter billion dollars U.S. Half of Flint’s Canadian revenues come from Read more >

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New study shows oil sands aren’t climate time bomb

Feb 21, 2012 at 10:51 am in Business, News by tyler.king

One of Canada’s most respected climate scientists says the oil sands won’t warm the planet nearly as much as some are claiming. In a scientific journal, Dr. Andrew Weaver demonstrates that if all 170 billion barrels Read more >

oil sands - suncor

Nexen fourth quarter profits down

Feb 16, 2012 at 3:35 pm in Business, News by tyler.king

Nexen’s fourth quarter profits fell in 2011 thanks to lower production and extra expenses. The company says it had to spent 190 million dollars to change its upgraders at the Long Lake oil sands project. Total Read more >

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Feds intend to change oil project regulatory process

Feb 16, 2012 at 3:26 pm in Business, News by tyler.king

Federal energy minister Joe Oliver says changes are coming to the regulatory process for oil projects. Speaking to the Energy Police Institute of Canada this morning, Oliver says Ottawa is looking at creating firm deadlines for Read more >

Joe Oliver