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United Way celebrates record-breaking campaign and worries about impact of oil slump

With a spectacular view of the city and mountains to the west, the United Way of Calgary took to the top of the Bow Tower on Tuesday to announce a record-breaking $59.7 million raised in 2014, its 75th anniversary year. 503 more words

Local News

How high break-even costs are challenging new oilsands projects

Major Canadian oilsands companies can run their existing operations profitably in a sub-$50 oil-price environment, but it’s the cost of big, hulking new projects on their balance sheets that are weighing down the companies and their shares. 899 more words

Energy

Imperial starting steaming at 40,000-bpd oilsands project

Imperial Oil Ltd. will start steaming its $2-billion Nabiye Cold Lake oilsands project within days and hopes to be putting its daily production of 40,000 barrels of bitumen into the market by year-end, despite world oil prices that have plunged below $50 US per barrel. 552 more words

Energy

Canada Heavy Oil Nearing $40 Threatens New Oil Sands Projects : Bloomberg

Canadian heavy crude fell to near $40 a barrel, threatening projects under construction as producers boosted output and space on a pipeline was rationed.

Imperial Oil Ltd. 365 more words

Energy