Oil & Gas and Mining News

TORONTO — Canada's largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing.

CALGARY — Energy industry groups and environmental advocates were striking a hopeful note a day after voters returned the Liberals to power in Ottawa with a minority mandate.

CALGARY — A prominent shareholder advisory firm says it agrees with activist investor Simpson Oil that board change is needed at fuel retailer and refiner Parkland Corp., but is stopping short of calling for a complete overhaul.

CALGARY — Precision Drilling is trimming its planned 2025 capital spending due to market uncertainty and a possible dip in demand from the oil and gas producers that contract its rigs.

WINNIPEG — Manitoba's energy regulator has approved higher natural gas prices. The Public Utilities Board says rates for a typical residential customer will rise 12.4 per cent, or about $73 a year, starting May 1.

CALGARY — Whitecap Resources Inc., weeks away from closing a $15-billion combination with fellow western Canadian oil and gas producer Veren Inc., has reported a jump in first-quarter profits, revenues and production.

COQUITLAM — The Coast Salish Elementary school in Coquitlam, B.C., has been designated a Clean Energy Champion by BC Hydro for its energy efficiency.

TORONTO — The University of Toronto is launching a new climate institute with the help of a $60-million gift.

An ongoing trade war and U.S. President Donald Trump's hunger for critical minerals have brought Canada's rich mineral deposits into the spotlight, with federal and provincial politicians promising to accelerate natural resource projects.

CALGARY — The lead author of a new study pointing to more proof of water on Mars says it brings scientists a step closer to determining whether the planet was ever capable of supporting life.