Algoma Slashes Carbon Emissions, but Pays More in Environmental Fees
Algoma Steel invested $987 million CAD (≈$730 million USD) to replace its coal‑fired blast furnace with electric arc furnaces, cutting emissions by up to 70 percent. Despite the reduction, the company’s Q1 carbon tax rose 71 percent to $6 million CAD because Ontario shifted its benchmark to an electric‑arc standard. The higher tax reflects a flaw in the province’s intensity‑based pricing, which denies Algoma carbon credits for its emissions drop. The firm also faces U.S. tariffs, a $159 million USD loss and a 40 percent workforce cut.
How Tariffs and Slumping EV Sales Are Crippling the 'Backbone' Of Canada's Economy
The Canadian government has allocated roughly $340 million USD to Ford to revive its Oakville plant for Super Duty pickups, marking a pivot back to internal‑combustion production as EV demand collapses. EV sales fell 34.7% to 9.5% of new registrations, prompting...
How Keystone Came Back From the Dead
The Biden administration cancelled the Keystone XL pipeline in 2021, but a new cross‑border project is emerging. President Donald Trump signed a presidential permit for the Bridger Pipeline Expansion, allowing construction of facilities at the Canada‑U.S. border in Montana. Canadian...
Enbridge CEO Says It's 'Game On' For Growth Amid Surging Energy Demand
Enbridge CEO Greg Ebel said the company is entering a "game on" phase as AI‑driven electricity use, rising power demand and geopolitical tensions lift the macro outlook for energy infrastructure. In the first quarter the pipeline operator green‑lit $2 billion of...
WestJet Says It's Not Finished Hiking Fares to Recover Rising Jet Fuel Costs
WestJet is incrementally raising fares, fees and surcharges to offset jet fuel costs that have doubled this year after the Iran‑Israel conflict sparked a global energy shock. CEO Alexis von Hoensbroech says the carrier will eventually pass the full incremental...
'It Will Take National Resolve' To Grow Canada's Oil Exports: Suncor CEO as Producer's Profit Tops $2B
Suncor Energy reported a first‑quarter profit of $2.1 billion, a 24% increase year‑over‑year, driven by record refined fuel sales and higher crude prices. Adjusted funds from operations rose to $4 billion, up from $3.05 billion a year earlier, while upstream production hit a...
Competition Bureau Challenges Keyera's Natural Gas Deal, Says It Could Harm Energy Producers
The Competition Bureau has moved to challenge Keyera Corp.'s proposed $5.15 billion acquisition of Plains All American's Canadian natural‑gas‑liquids (NGL) business and select U.S. assets. The bureau argues the deal would shrink competition at the Fort Saskatchewan hub, Canada’s primary NGL...
Oilsands Group Says Progress on MOU Too Slow, Takes Aim at 'Uncompetitive Industrial Carbon Tax'
The Oil Sands Alliance, representing Canada’s five largest oilsands firms, warned that capital spending has slumped to roughly US$8.8 bn a year (2016‑2025), down from about US$16 bn a decade earlier. The group blames the federal‑provincial impasse over an industrial carbon tax—now...
Employment in Equipment Manufacturing in Canada Fell in 2025, Group Says
Direct employment in Canada’s off‑highway equipment manufacturing fell 1.9% in 2025, leaving 147,000 workers and generating roughly $17.8 billion USD in value added. The decline was driven by trade uncertainties, weak housing growth, and soft farm‑equipment demand, though critical‑minerals projects and...
Imperial Oil Cuts 130 Jobs as It Continues a Painful Restructuring
Imperial Oil announced it cut 130 jobs in the first quarter, extending a broader restructuring that includes a 900‑job reduction and relocation of its Calgary headquarters. About 60% of the cuts will be outsourced to ExxonMobil’s global hubs in Houston...
Trump Signs Presidential Permit for Bridger Pipeline Using Keystone XL Assets
President Donald Trump signed a presidential permit that clears the way for Bridger Pipeline LLC to build a new cross‑border oil line using assets left over from the abandoned Keystone XL project. The proposed 1,000‑kilometre, 36‑inch pipeline would run from...
Ontario Lays Foundation for First New Nuclear Reactor in Decades
Ontario placed the 2.1‑million‑pound foundation for its first new nuclear reactor in over 30 years, marking the start of a four‑unit small modular reactor (SMR) program at Darlington. The province aims to have the first 300‑MW unit operational by 2030,...
GM Announces $691 Million Investment in Ontario Plant to Secure Its Future for Now
General Motors is pouring $691 million into its St. Catharines, Ontario propulsion plant to add sixth‑generation V‑8 engine capacity, making it the third such facility in North America. The move follows a February layoff of 500 workers at the Oshawa plant and...
Why the CEOs of Canada's Big Banks Are Optimistic Even as the Economy Lags
Canada’s big‑bank CEOs remained upbeat at their recent AGMs despite sluggish GDP and weak job growth. They highlighted the country’s strategic energy position, noting a roughly 5% GDP lift for every $10 rise in West Texas Intermediate crude. RBC warned...
What the Energy Crisis Looks Like Behind the Wheel of an Alberta Tow Truck
Rising diesel prices driven by the Middle East conflict are squeezing Canadian tow‑truck operators, exemplified by Brad Constable in Airdrie, Alberta. Diesel now exceeds $2 CAD per litre (about $1.48 USD), while the federal government’s temporary excise‑tax suspension trims only four cents...