Cenovus

Oil and gas companies are making record breaking profits, but failing to invest in meaningful decarbonization. On Thursday, the House of Commons environment committee took their executives to task.

The Pathways Alliance represents the titans of Canada's oil and gas industry, and according to a leading international think tank, the group is using a three-step greenwashing strategy aimed at extracting tax dollars and delaying climate action.

With so many livelihoods dependent on oil, all eyes here are on the expected opening this week of the Trans Mountain pipeline expansion, a years-in-the-making megaproject which will soon start shipping Canadian crude to export markets.

The Calgary-based company said Thursday it saw its second-highest quarterly production ever in the fourth quarter of 2023, with output of 808,600 barrels of oil equivalent per day.

Shareholders of Canada’s large oilsands companies took home three times more money last year than in 2019, according to a new analysis, while those same companies asked for more taxpayer money to invest in their climate pledges.

The net-zero greenhouse gas emissions pledges touted by Canada’s oil and gas sector ring false as the industry continues its push to expand fossil fuel use and oppose climate policy, a new analysis states. 

Cenovus Energy Inc. chief executive Alex Pourbaix will step down from his CEO role later this year to devote more time to his evolving role as an outspoken champion of Canada's oilsands industry and its decarbonization ambitions.

Oil and gas companies have posted staggering profits over the past two weeks, renewing environmental advocates' calls for governments to rethink fossil fuel subsidies and incentives.

Natural Resources Canada is accepting applications for research and development projects as part of a broader federal program supporting the advancement of carbon capture technology in Canada.

The CEOs of some of the biggest oilsands companies in Alberta say transitioning their workforce for a net-zero emissions future isn't about cutting jobs, it's about creating them.

Hundreds of fossil fuel lobbyists including at least a dozen from Canada are in Sharm El-Sheikh, Egypt for this year’s United Nations’ climate conference, a data analysis from Corporate Accountability, Corporate Europe Observatory and Global Witness reveals. 

Sky-high net earnings for Canada’s four biggest oil companies have renewed calls for a windfall tax that Ottawa shows no sign of adopting.

Exploring for more oil, delineation of new fields, constructing new oil infrastructure and commissioning new projects are all activities that waste Canada's shrinking carbon budget.

British energy giant BP is exiting the Alberta oilsands to focus on offshore oil development instead.

Oil was seen as the province’s path to economic independence. Is that still the case?