Tourmaline Oil shares rise after it spins off hybrid royalty corporation

Tourmaline Oil shares rise after it spins off hybrid royalty corporation
CALGARY — Shares in Tourmaline Oil Corp. are up by as much as 15 per cent after it announced it will spin off a private company to hold a royalty on its oil and gas lands as well as interests in two of its 19 natural gas processing plants and other third-party revenues. Stock in the Calgary-based company jumped as high as... Read More

Saskatchewan launches call to build 300 megawatts of wind power capacity

Saskatchewan launches call to build 300 megawatts of wind power capacity
CALGARY — Saskatchewan is launching a new request for proposals to add up to 300 megawatts of wind power generation capacity. Environment Minister Dustin Duncan, who is responsible for Crown-owned SaskPower, says the process will help the province quadruple its wind power when the successful project or projects come online in late 2023 or 2024. Speaking at the Canadian Wind Energy Association conference... Read More

Stock markets move higher on optimism at start of U.S.-China trade talks

Stock markets move higher on optimism at start of U.S.-China trade talks
TORONTO — North American stock markets got a lift Thursday as trade talks commenced with hopes for a truce between the U.S. and China. Investors responded positively after U.S. President Donald Trump said that he will meet at the White House Friday with China’s vice-chairman. “Big day of negotiations with China. They want to make a deal, but do I?,”... Read More

US nuclear, uranium mining industries hope for Trump bailout

US nuclear, uranium mining industries hope for Trump bailout
WASHINGTON — A plea from uranium mining companies and nuclear power plant operators for tax breaks and other federal financial boosts is going before President Donald Trump, as his administration studies reviving the U.S. uranium industry in the name of national security. Trump is scheduled to receive recommendations Thursday from a task force of national security, military and other federal... Read More

Nobel prize honours breakthroughs on lithium-ion batteries

Nobel prize honours breakthroughs on lithium-ion batteries
STOCKHOLM — If you’re reading this on a mobile phone or laptop computer, you might thank this year’s three laureates for the Nobel Prize in chemistry for their work on lithium-ion batteries. Yet the batteries developed by the British, American and Japanese winners that make those devices possible are far more revolutionary than just for on-the-go computing and calling. The... Read More

Just Energy Group sells UK operations to Shell Energy Retail for up to $17M

Just Energy Group sells UK operations to Shell Energy Retail for up to $17M
TORONTO — Just Energy Group Inc. has signed a deal to sell its operations in the United Kingdom to Shell Energy Retail Ltd. for up to roughly $17 million. The company says the sale of Hudson Energy Supply UK Ltd. is part of its strategy to focus on its North American operations and improve liquidity. Under the agreement, Just Energy will receive... Read More

Wind power association pursues partnership with solar, other technologies

Wind power association pursues partnership with solar, other technologies
CALGARY — The president of the Canadian Wind Energy Association says the industry has proven that wind can compete on price with other sources of electrical power but now it must prove it can be just as reliable. Addressing the opening session of the 35th CanWEA annual wind energy conference and exhibition in Calgary, Robert Hornung said that is why next year’s... Read More

Alberta bill proposes agency to help Indigenous groups invest in energy projects

Alberta bill proposes agency to help Indigenous groups invest in energy projects
EDMONTON — Alberta is moving to set up a new Crown corporation to help Indigenous groups invest in major natural resource projects. The United Conservatives have introduced a bill that says the government would put up $1 billion, along with technical and financial advice, to backstop the Crown. Premier Jason Kenney says it would be a new way of doing business with First Nations. He says it... Read More

North American stock markets down in face of increased U.S.-China trade tensions

North American stock markets down in face of increased U.S.-China trade tensions
TORONTO — The energy sector led Canada’s main stock index lower, while U.S. stock markets pulled back in the face of increased tensions ahead of U.S.-China trade talks. The S&P/TSX composite index was down 131.98 points at 16,289.77. In New York, the Dow Jones industrial average was down 250.44 points at 26,227.58. The S&P 500 index was down 30.69 points at... Read More

Norwegian fund excludes four Canadian firms as it exits oilsands investments

Norwegian fund excludes four Canadian firms as it exits oilsands investments
CALGARY — The largest pension fund in Norway has removed four Canadian energy names from its investment list and says it will no longer put money in companies that derive more than five per cent of their revenue from the oilsands. KLP says it sold US$58 million worth of stocks and bonds as it reduces its tolerance threshold for companies with interests in the... Read More