Oil & Gas and Mining News

TORONTO — Canada's public pension funds should rethink the billions of dollars they've invested in natural gas infrastructure amid the global push to reduce emissions, a report out Wednesday from a climate advocacy group says.

Canadian climate officials say this year's average global temperature is set to rival 2024's record-breaking heat, and is virtually guaranteed to be hotter than any year on record before 2023.

SAINT JOHN, N.B. — New Brunswick-based Irving Oil Ltd. has confirmed that the century-old company will remain privately held, after completing a strategic review that started in June 2023.

OTTAWA — Statistics Canada says manufacturing sales rose 0.8 per cent to $71.5 billion in November, helped by higher sales in the aerospace product and parts industry group and the petroleum and coal product subsector.

Ontario Premier Doug Ford said Tuesday he's now convinced the federal government has a "phenomenal" plan to secure the Canada-U. S. border in response to Donald Trump's tariff threat — although he didn't offer up any details of that plan.

One in 10 Canadians live in communities susceptible to workforce disruption from the transition to a greener economy, a new report suggests while underlining solutions that could help those regions adapt.

WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change .

Constellation is buying power natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies. The transaction includes 50 million shares of Constellation stock, $4.

Aerial surveillance over an area where thousands of litres of diesel was spilled last month off Vancouver Island shows most of the fuel is no longer visible on the water.

CALGARY — Oil and gas giant Canadian Natural Resources Ltd. says it plans to boost its overall production by 12 per cent in 2025. The Calgary-based company says it is targeting average annual production of between 1.51 million and 1.