Chesapeake Energy shares halted after 50% plunge on bankruptcy report

Shares in one of the biggest natural gas companies in the U.S. were halted on Tuesday after plunging by half on a report the company could be about to go bankrupt. Financial news agency Bloomberg first reported that Chesapeake Energy is considering an arrangement whereby some of its biggest creditors would take control of the company, […]

COVID-19 brought the oil business to its knees. Is it time for investors to turn to clean energy?

COVID-19 brought the oil business to its knees. Is it time for investors to turn to clean energy?

As an oil crash pummelled the stock markets last week, one major Canadian institution did what environmentalists once considered unthinkable — it divested from fossil fuels. The University of Guelph announced Friday that it will move its endowment portfolio away from pollutant-based sectors and reinvest in clean energy, satisfying long-standing demands of activists and underscoring […]

Crude-by-rail shipments fell in August, energy regulator says

Crude-by-rail shipments fell in August, energy regulator says

The Canada Energy Regulator says exports of crude oil by rail from Canada fell slightly in August to 310,000 barrels per day from 313,000 bpd in July. The August number is up 35 per cent from 230,000 bpd reported in August of 2018 but still well below the record high of 354,000 bpd set last […]

Canadian agriculture is using more energy — but more efficiently too

Canadian agriculture is using more energy — but more efficiently too

Third-generation farmer Ron Lamb remembers his father pulling six-metre-wide crop-seeding equipment around his southern Alberta grain fields in the 1990s, overlapping on each pass to make sure he covered all the ground. “When my dad was seeding the soil, he was using a 20-foot-wide piece of machinery and he was eyeballing or judging how much […]

Canada's energy sector swings to profit in Q1 on higher oil prices

Canada's energy sector swings to profit in Q1 on higher oil prices

Canada’s energy sector saw a big bump in profit in the first quarter this year as rising oil prices helped businesses swing from a loss in the previous quarter, according to the latest federal government data. Operating profit for companies in oil and gas extraction and support services rose by $ 1.6 billion in the first three […]

How to tap into the growing power of the ‘green’ energy market

How to tap into the growing power of the ‘green’ energy market

There was a story in last Monday’s Wall Street Journal that caught my eye. It reported that German industrial giant Siemens AG is teaming up with Copenhagen Infrastructure Partners to build an underground 560-kilometre transmission line that will carry power from Iowa to the Chicago area. It will be called the SOO Green Renewable Rail. […]