TransAlta fast-tracks green transition, expects up to $50M in carbon credit windfall

TransAlta Corp. will fast-track its transition to cleaner power — with forecasts of handsome government rewards for its renewables portfolio — and plans to mothball some coal plants in the near term, which is expected to boost low electricity prices. The Calgary-based power producer signed a letter of intent with Tidewater Midstream and Infrastructure Ltd., […]

Alberta’s carbon tax on high emitters met with praise, concerns about power price hikes

Alberta’s revamped carbon tax for large industrial emitters received some praise Wednesday, but there were also fears the plan could drive up electricity costs for consumers while eroding industry’s ability to compete with global players that don’t face the same levies. The NDP government on Wednesday formally unveiled its plans to reboot the carbon levy […]

Overhauled carbon tax will cost big industry $1.2B by 2020

Alberta’s carbon tax will cost large industrial emitters — from oilsands mines to fertilizer plants — a total of $1.2 billion a year by 2020, but the NDP government isn’t projecting job losses as a result of the sweeping new levy. Postmedia has learned details of the province’s plans to overhaul the carbon tax for […]

‘Be a partner’: First Nations buy stake in Suncor project in historic deal

After sealing what was touted as the largest business investment by First Nations in Canada, an Alberta chief challenged other large corporations to strike similar, lucrative deals with Indigenous communities. Chief Archie Waquan’s Mikisew Cree First Nation and Fort McKay First Nation invested a combined $500 million to secure a 49-per-cent share of a Suncor oilsands […]

Natural gas producers slash budgets by $660M due to price weakness

Faced with a poor outlook for natural gas prices, three producers have slashed their 2018 budgets by a combined $660 million, while a fourth warns that prices sustained at current levels would “paralyze” development in western Canada. Tourmaline Oil Corp., Arc Resources Ltd. and Peyto Exploration and Development Corp. have all scaled back their capital […]