Iran Offers Special Hormuz Fee to Friendly Nations
Iran's envoy says friendly nations will receive special treatment on Strait of Hormuz transit fees, aiming to reward diplomatic allies while maintaining pressure on adversaries.
Category : Energy Sector
New Pipeline to Be Financed by $60 Billion in Taxpayer Money
Prime Minister Mark Carney's plan for a new Alberta-to-B.C. oil pipeline requires up to $60 billion in taxpayer funds, sparking debate over public financing amid record oil sector profits.
West Coast Pipeline Project Gains Traction with Key Announcements
Alberta Premier Danielle Smith submitted the West Coast Pipeline Project to Prime Minister Mark Carney, with $17 billion in federal aid announced, but the project still lacks private investors and cost estimates.
Bruderheim Weighs Pipeline Promise Against Past Disappointments
Bruderheim reacts with cautious optimism to a new West Coast pipeline announcement, recalling previous cancellations of Keystone and Northern Gateway projects.
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Aecon Shares Jump 17% on Major Alberta Power Centre Project
Aecon Group shares jumped 17% after being selected for the $4.6B Greenlight Electricity Centre near Edmonton. Raymond James upgraded the stock, citing a $1.7B contract share and potential to end its discount status.
Alberta Premier Smith 'Gratified' by Pipeline Pitch Success
Alberta Premier Danielle Smith expressed gratitude after announcing the West Coast Pipeline Project with PM Mark Carney, crediting Canadians for shifting public opinion to support Alberta's oil exports.
AtkinsRealis Expects Turkey Nuclear Assessment After Summer
AtkinsRealis CEO Ian Edwards says Turkey's early nuclear site assessment will be completed after summer, advancing the country's nuclear energy plans.
Alberta Premier Backs Pipeline Route Despite Economics Doubts
Alberta Premier Danielle Smith says the proposed pipeline route offers key advantages, despite concerns over shipping economics raised by industry analysts.
Enmax opens $240M substation for downtown Calgary
Enmax's new $240-million substation in downtown Calgary will provide electricity to about half of the city's downtown residences and businesses, replacing a century-old facility.
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Canada Imposes 10% Tariff on Imported Canned Goods
Canada's 10% tariff on imported canned vegetables took effect July 1, 2026, protecting domestic growers. Imports rose 22% from 2023-2025, reaching 62.8 million kg.
SaskPower Approval for International Power Line Project
SaskPower has received regulatory approval to build an international power line connecting Saskatchewan to the U.S. grid, enhancing energy trade and reliability.
Pembina Partners Approve Gas Plant for Data Centre
Pembina and partners have given the green light to build a natural gas plant to power a data centre, marking a major step in energy infrastructure for AI.
Cameco's Cigar Lake Mine Halts as Mill Repair Underway
Cameco's Cigar Lake mine suspends operations due to urgent repairs at the McLean Lake uranium mill, impacting production timelines and supply chains.
$4.6B power station for data centre near Edmonton OK'd
Pembina Pipeline, Morgan Stanley, and Kineticor have approved a $4.6-billion, 932-megawatt natural gas power station northeast of Edmonton to supply a data centre customer, likely Meta.
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$4.6B gas-fired power station for Alberta data centre greenlit
Pembina Pipeline and Morgan Stanley have approved a $4.6-billion, 932-megawatt natural gas power plant near Edmonton to supply a data centre, likely for Meta.
Alberta Premier Smith to Announce Oil Pipeline Details
Alberta Premier Danielle Smith will announce details of a West Coast oil pipeline project, aiming to boost export capacity and reduce reliance on U.S. markets.
Alberta fuels Canada's GDP beat with oil and gas surge
Canada's GDP beat expectations in April, growing 0.5%, driven by a rebound in oil and gas extraction led by Alberta, likely quelling recession fears.
Kwyjibo PEA: 35.4% Post-Tax IRR for Rare Earth Project
Consolidated Lithium Metals' updated PEA for the Kwyjibo rare earth project in Quebec reports a post-tax IRR of 35.4%, minimal surface footprint, and 10,000 tonnes REO annual production.
West Coast pipeline progress more performance than reality
Alberta's pipeline application to Ottawa may be more political theatre than substantive progress, with key conditions unmet and no private investors secured, writes Lorne Gunter.
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Alberta Energy Rebate Portal Opens for $100 'Dani Dollars'
The Alberta Energy Rebate portal for $100 'Dani Dollars' is now open. Close to 3.4 million Albertans are eligible to apply for the rebate aimed at offsetting high energy costs.
DXC Launches Private Cloud+ for Hybrid Enterprise Control
DXC Technology launches Private Cloud+, a hybrid private cloud powered by Dell infrastructure, combining public cloud flexibility with private cloud security for regulated workloads.
Alberta Premier to Announce New Pipeline on Thursday
Alberta Premier Danielle Smith will reveal details of a new pipeline on Thursday, but the project's cost to taxpayers remains unclear, according to sources.
Charlebois: On Canada Day, Our Biggest Export is Uncertainty
Canada's agri-food sector faces unprecedented trade uncertainty as CUSMA review begins, US threatens withdrawal, China slaps 73.5% duties on pea starch, and Mexico advances negotiations ahead of Canada.
Ontario offers up to $500K for critical minerals projects
Ontario is providing up to $500,000 per project through a $4 million fund to develop the critical minerals supply chain, supporting exploration, processing, and recycling initiatives.
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Canada awards $688M contract for RADARSAT satellite
Canada has awarded a $688 million contract to build a replenishment satellite for the RADARSAT Constellation Mission, ensuring continuity of Earth observation data for government and commercial users.
Ottawa Gas Prices Rise on Canada Day 2026
Ottawa gas prices will increase on Canada Day, July 1, 2026, with the current average sitting at $1.68 per litre, according to CTV News Ottawa.
Morgan Stanley Cuts Oil Forecasts on Hormuz Flow Recovery
Morgan Stanley slashed oil price forecasts for the second time in two weeks as Strait of Hormuz traffic normalizes faster than anticipated, while strong U.S. supply and weak Chinese demand risk a glut.
Oil Set for Steepest Quarterly Loss Since 2020 on U.S.-Iran Talks
Oil prices are headed for their steepest quarterly decline since 2020 as markets focus on potential U.S.-Iran nuclear deal, with Brent crude falling over 15% in Q2 2026.
Morgan Stanley cuts oil forecasts on Hormuz, risks glut
Morgan Stanley slashed oil price forecasts for the second time in two weeks as Strait of Hormuz traffic returns faster than expected, while strong U.S. supply and weak Chinese demand raise glut risks.
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Sigenergy Breaks Ground on Phase II Energy Center in Nantong
Sigenergy has broken ground on Phase II of its Nantong Intelligent Energy Center and a joint venture production facility, expanding its AI-driven manufacturing to nearly 400,000 square meters.
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