Capital investment by Imperial Oil Ltd. is at a historic low because expanding regulatory timelines, market access challenges and escalating fiscal costs make it hard to start new projects, the company’s CEO said Friday. 628 more words
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CALGARY — Imperial Oil Ltd. raised its dividend as it reported its first-quarter profit improved compared with a year ago.
The company said it would pay a dividend of 19 cents in its second quarter, up from an earlier payment to shareholders of 16 cents. 88 more words
MONTREAL — Aeroplan loyalty card members will not be able to directly earn miles at Esso gas stations effective June 1 as Imperial Oil Ltd. shifts its relationship to Loblaw Companies Ltd. 383 more words
Canada’s most populous province has had a chequered history with electricity policy, due in no small part to some politically charged decisions. Now, a coalition of major energy companies and consumers is pitching Ontario on a process that would try to keep politicians and regulators in their respective lanes. 605 more words
A decision by Norway’s trillion-dollar sovereign wealth fund to fully divest of its fossil fuel holdings would mean battered Canadian oil and gas equity shares currently valued at US$2.86 billion could soon be back on the market. 581 more words
OTTAWA — Alberta has delayed the release of its draft methane regulations by several weeks after earlier negotiations ran aground, a result of disputes over how oil and gas companies will be forced to meet their emissions targets. 694 more words