G7 nations will abandon fossil fuel use by the end of the century, world leaders pledged Monday. This comes in a communiqué issued at the conclusion of the two-day summit in Elmau, Germany where world leaders announced goals to limit global temperature increases to below 2 C. "We emphasize that deep cuts in global greenhouse gas emissions are required with a decarbonization of the global economy over the course of this century," the communique read. Leaders invited other cou

Alberta’s NDP sweep was met with cautious optimism from the province’s oil-and-gas sector. With premier-elect Rachel Notley’s message of energy reform resounding with voters, Alberta’s energy industry says it's prepared to play ball with the province’s first-ever NDP government. “At the end of the day, Albertans have spoken quite clearly, and we have to respect their choice,” said Jeff Gaulin, vice-president of communications with the Canadian Association of Petroleum Produce

CALGARY -- Alberta’s NDP sweep was met with cautious optimism from the province’s oil-and-gas sector. With premier-elect Rachel Notley’s message of energy reform resounding with voters, Alberta’s energy industry says it's prepared to play ball with the province’s first-ever NDP government. “At the end of the day, Albertans have spoken quite clearly, and we have to respect their choice,” said Jeff Gaulin, vice-president of communications with the Canadian Association of Petrol

Falling oil and natural gas prices will result in a rough 2015 in the oil patch, and could put tens of thousands out of work. In a statement released Thursday, the Canadian Association of Oilwell Drilling Contractors (CAODC) said the number of active rigs will see a 41% drop this year — falling from 2014's average of 370 rigs per day to just 203. "The new reality of $55 oil means that the entire industry will hurt for a period, and drillers and service rig contractors are not

Premier Jim Prentice reaffirmed Friday he will take the case for Keystone XL to Washington next month, hours after the Nebraska Supreme Court removed an important hurdle and one-half of the US Congress gave its nod to the pipeline. "I will be traveling to the U.S. the first week of February to discuss Alberta's commitment to the environment and what safe pipeline and job creation can mean on both sides of the border," Prentice told media. "The rigorous studies of the project,

Declining oil revenues have the province taking a second look at what's spent on capital projects, according to one ministry spokesman. Denying reports of the cancellation of the much-needed expansion of Calgary's Tom Baker Cancer Centre — which would have been the first victim of plunging oil prices — Health Ministry spokesman Steve Buick told the Sun the project would be one of several up for assessment. "(The Minister) did not say anything, definite or specific, about the