Lithium well a ‘gamechanger’ for energy transition in Alberta

Lithium well a ‘gamechanger’ for energy transition in Alberta

In a province that has been drilling for generations and known for its oil and gas, this is a first. A rig in Alberta’s historic Leduc oilfield isn’t drilling for oil, but lithium. In June, Imperial Oil Ltd. announced it had signed a deal to invest $6.35 million in E3 Lithium, a Calgary-based junior resource … Read more

Alberta consumers face ‘unprecedented’ utility costs

Alberta consumers face ‘unprecedented’ utility costs

The price of power in Alberta has taken another big jump. “The cost of generating electricity has gone through the roof as a result of the price of natural gas increasing,” said Sophie Simmonds, the director of Anova Energy. “The actual cost of generating electricity has gone up significantly in the past nine to 12 … Read more

Alberta electricity rebates to start in July

Alberta electricity rebates to start in July

Electricity rebates announced by the UCP government more than three months ago will begin arriving next month. In a news release Wednesday afternoon, the province said almost two million Albertans will receive rebates on their electricity bills beginning in July. Read more: Receive an energy reject text message? It’s a scam, says Alberta government More … Read more

China’s oil champion CNOOC prepares retreat from Canada, US, UK over sanctions fear

China’s oil champion CNOOC prepares retreat from Canada, US, UK over sanctions fear

China’s top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained by trade and human rights issues and … Read more