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Varcoe: Oilsands producers move to shed high-cost, high-carbon label

High cost crude, high carbon footprint.

The oilsands have been dogged for years by criticism it’s one of the most expensive barrels of crude in the world to produce. 860 more words

Politics

Varcoe: As Trudeau tours oilsands, CEO unloads on carbon tax and other obstacles

A few hours before Prime Minister Justin Trudeau toured Canada’s newest oilsands mine, the head of Athabasca Oil Corp. took centre stage at Calgary’s Metropolitan Conference Centre. 886 more words

Politics

Alberta court upholds injunction against drug testing of Suncor workers

The Alberta Court of Appeal has upheld an injunction that stops random drug and alcohol testing at Suncor Energy sites in the northeastern part of province. 537 more words

Canada

Suncor buys out Mocal Energy's 5% stake in Syncrude to increase oilsands ownership

Suncor Energy said it has closed a transaction to purchase an additional interest in Syncrude‘s northern Alberta oilsands mining operations.

Calgary-based Suncor says it has bought five per cent of Syncrude from Mocal Energy Ltd., a subsidiary of Japan-based conglomerate Mitsubishi Corp. 164 more words

Money

Suncor boosts stake in Syncrude, acquires stake in Fenja Development

Suncor Energy Ltd. continued to consolidate its interest in Syncrude Canada’s oilsands mining operations on Thursday, announcing it would buy the five per cent stake owned since 1991 by Mocal Energy Ltd., a subsidiary of Japan-based conglomerate Mitsubishi Corp. 370 more words

Money

Varcoe: Time for Ottawa to step up — not sidestep — the pipeline rumble

Step up.

It’s not just a Hollywood drama about dancing, it’s a clarion call from Kinder Morgan, business groups and the province of Alberta, pressing the Trudeau government to get involved in the B.C. 917 more words

Politics

Suncor to shun major new projects amid Canada's 'difficult' regulatory environment

CALGARY – The top executive at Canada’s largest integrated oil company said it would not embark on major new projects in the country because of burdensome regulations and uncompetitive tax rates. 615 more words

Investing