Uncertain economic returns and duration of federal tax credits could delay or cancel project proposed by six oil firm majors, set to be the world’s largest, says energy sector research firm Wood Mackenzie.
New drilling problems revealed Jan. 29 on Trans Mountain pipeline expansion in Alberta and British Columbia could cause added startup delay, two weeks after it finally won critical variance.
Firm resumed stock trading after denying "corruption, illegality or bad faith" claimed by arbitration panel as it pursues millions in project payment it says it is owed by state-owned energy firm and further legal action.
TC Energy and contractor Pacific Atlantic Pipeline Construction dispute costs on challenging $10.6B Canada natural gas pipeline as it nears completion.
Final rule will prevent an estimated 58 million tons of methane emissions between 2024 and 2038, U.S. Environmental Protection Agency says at COP28 event.