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Energy and Resources News

Saudi prince unveils sweeping plans to end 'addiction' to oil
The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power.
Posted on 4-25-2016 at 10:35 AM
Looming gasoline glut threatens crude's rebound
A rebound in oil prices this year from 12-year lows is in danger of coming to a crashing halt, as the main engine of global demand growth for the past several years starts to sputter amid signs of a gasoline glut.
Posted on 4-25-2016 at 7:25 AM
Trudeau promises billions to help developing countries meet climate goals
Prime Minister Justin Trudeau will be among the world leaders at the United Nations today as dozens of them sign the Paris climate-change accord.
Posted on 4-22-2016 at 11:46 AM
Why the worst may not yet be over for Canada's oil patch
ANALYSIS: Experts are warning of a “wakeup call” when the likes of Suncor, Cenovus and Husky report first-quarter results next week.
Posted on 4-22-2016 at 7:58 AM
Cameco cuts more than 500 jobs, shutters Saskatchewan uranium mine
An oversupply of uranium around the world, caused in part by the shutdown of nuclear facilities in Japan, has resulted in Cameco suspending its Rabbit Lake uranium operation in northern Saskatchewan.
Posted on 4-22-2016 at 7:36 AM
Mullen Group CEO declares Alberta’s oil patch is in a 'depression'
After thousands of job losses, billions in spending cuts, and countless other cost-saving measures, one industry executive told BNN the oil patch has tumbled to a new level of economic despair.
Posted on 4-21-2016 at 8:39 PM
SunEdison files for Chapter 11 bankruptcy protection
U.S. solar energy company SunEdison Inc filed for Chapter 11 bankruptcy protection on Thursday, becoming one of the largest non-financial companies to do so in the past 10 years.
Posted on 4-21-2016 at 10:45 AM
Unemployment benefits up in February, lifted by Alberta and Saskatchewan
The number of Canadians receiving unemployment benefits rose in the resource-sensitive provinces of Alberta and Saskatchewan in February, Statistics Canada said on Thursday, illustrating the impact the downturn in resources is still having on the economy.
Posted on 4-21-2016 at 10:28 AM

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