Wilkinson says White House, senators have ‘sympathy’ for Canada’s position on Line 5

White House officials, Capitol Hill lawmakers and the US secretary of energy have all expressed “significant sympathy” for the plight of Canada’s Line 5 pipeline, Natural Resources Minister Jonathan Wilkinson said Thursday after a day of meetings in the US capital. President Joe Biden’s administration understands the cross-border pipeline’s ongoing role in securing North American … Read more

Suncor’s strong earnings may not be enough to fend off shareholder pressure: experts

Suncor Energy Inc. now has strong first quarter earnings in its arsenal and a publicized plan to improve worker safety, but some observers say that won’t be enough for the Calgary-based oil giant to fend off an aggressive activist investor. Speaking publicly Tuesday for the first time since US-based Elliott Investment Management called for changes … Read more

Suncor’s safety record in spotlight as activist investor calls for change

A string of fatalities at Suncor Energy Inc. has caught the attention of investors who view workplace safety breaches as a warning sign of deeper problems within a company. In a letter to Suncor’s board last week, US-based Elliott Investment Management expressed frustration in what it calls a recent decline in performance at the energy … Read more

Tourmaline Oil earns nearly half of record $2B of 2021 profit in 4th quarter

By Staff The Canadian Press Posted March 4, 2022 12:35 am Smaller font Descrease article font size –TO Larger font Increase article font size TO+ Tourmaline Oil Corp. says it earned nearly half of its $2 billion net profit last year in the final quarter of 2021. The Calgary-based energy company says its net income … Read more