Imperial Oil just became the most high-profile Canadian oil producer to give up on some of its fossil fuel assets in Alberta.
“Imperial has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio,” the company said in a statement after markets closed on Monday.
The company said would take an impairment charge of about $900 million to $1.2 billion in the latest quarter.
The Department of National Defence was responsible for the lion’s share of the federal government’s own carbon pollution last year, according to newly released figures.
Grocery clerk Rechev Browne is a pandemic hero, an essential worker who can’t afford to live in the city he serves.
He earns about $44,000 a year at an Etobicoke store.
Last December, Browne, 34, decided he could no longer afford to pay $1,150 a month to share a house with three other people. So he has moved back in with his mom in a two-bedroom apartment near Keele St. and Wilson Ave.
News that three different vaccines with high rates of efficacy in preventing COVID-19 are on their way has raised hopes. We can all use some cheerful news right about now. But the best medical evidence suggests we should temper our optimism.
Don’t throw away that mask or expect a short sprint to a world free of the pandemic, say experts. Nor will the vaccination of the Canadian general public really begin in earnest till the summer of 2021.
The oil and gas industry “likely won’t meaningfully reduce” its carbon pollution this decade without more government funding, according to a new Royal Bank of Canada report.
Giant solar farms have been widely heralded as great news for green energy in Canada. But is solar energy really sustainable? In the clamour to promote solar panels, there has been a conspicuous silence about the environmental costs of production and what happens to all those panels at end of life.
In our latest national survey, we asked how Canadians felt about two different tax ideas that have been discussed as part of an approach to helping pay for the costs of the pandemic. Here’s what we found.
