Corporate Governance

Suncor has teamed with Japanese partners to fund an innovative new project called LanzaJet that will develop sustainable aviation fuel (SAF) and other products.

The Canadian government is moving ahead with new rules it says will speed up approvals for exploratory oil and gas drilling off the east coast of Newfoundland, but conservation groups are warning the changes undermine environmental protections.Natural Resources Minister Seamus O'Regan issued a statement last week saying the new regulation will improve the efficiency of assessments while upholding the “highest standards'' of environmental protection.“Our government recognizes that Newfoundland and Labrador's ability to rebound from the COVID-19 pandemic will depend largely on a strong, resilient and innovative offshore,'' O'Regan said.Three environmental groups have launched a federal court challenge, arguing exploratory drilling off Newfoundland will now be green-lit without proper environmental assessments.The Ecology Action Centre, Sierra Club Canada Foundation and World Wildlife Fund Canada argued earlier this month that the science behind the new “regional assessment'' or RA process is flawed.Lawyer James Gunvaldsen-Klaassen, whose firm Ecojustice is representing the groups, argued that the regulation “flies in the face'' of the purpose of environmental scrutiny under the new Impact Assessment Act.The court later decided the case can proceed to a judicial review, but denied the group's request for an injunction.“The federal government stated that it intended to use the flawed RA and a loophole in the ...

New forecasts show dramatically lower expectations for 2020 capital spending in the oil and gas sector both nationally and in Alberta, the province that produces 65% of the country's natural gas and 82% of its oil.

Mark your calendars!

The novel coronavirus (COVID-19) has had a dramatic impact on how consumers shop.

Alberta has introduced new legislation on vaping that would include a ban on anyone under 18 from using e-cigarettes.Health Minister Tyler Shandro says there is mounting evidence on the health risks of vaping and statistics show more young people in Alberta are indulging.“Strong action needs to be taken to address significant increases in youth vaping,'' Shandro said Tuesday prior to introducing the bill in the house.Shandro's ministry says that in the last five years, vaping rates among high school students has risen to 30% from eight.

The last two months have seen a lot of new safety protocols and practices quickly adopted across the grocery industry.

Some businesses reopening with pandemic protocols in place have said they won't accept cash for the time being, potentially accelerating what the Bank of Canada describes as a decade-long shift away from the banknote.