Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.’s interests in the Athabasca Oil Sands Project and Duvernay shale for US$6.5 billion.
Category: Canada
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Self-identifying Indigenous group got $74M in federal cash, Inuit leader wants change
As millions in federal funding flow into a Labrador group whose claims of Inuit identity have been rejected by Indigenous organizations across Canada, a national Inuit leader worries the Liberal government is putting the rights of Indigenous Peoples at risk.
Alleged suicide kit salesman files in Supreme Court to contest whether assisted suicide can ever be murder
Lawyers representing the Ontario man accused of selling hundreds of suicide kits with deadly effect around the globe have filed to intervene in a case in Canada’s highest court, arguing there is no way he can be charged with murder under Canadian law.
One critically injured in Etobicoke collision
One person has been taken to hospital with life-threatening injuries after a crash in Etobicoke early Monday morning.
‘A step-by-step cooldown:’ Toronto temperatures will be in the teens for most of the week
A stretch of warmer than normal temperatures in Toronto is expected to come to an end this week.
Watermain break causes major flooding in Montreal’s Plateau
Montreal public works crews are on the scene of a watermain break in the Plateau right next to Parc La Fontaine.
Chevron Sells Canadian Assets For $6.5 Billion
U.S. oil major Chevron (CVX) has sold some of its Alberta oil sands assets to Canadian Natural Resources (CNQ) for $6.5 billion. The sale concerns Chevron’s 20% interest in the Athabasca Oil Sands Project and a 70% holding in the Duvernay shale project, both located in Alberta. The all-cash sale is expected to close by year’s end, according to Chevron. The asset sale comes as Chevron focuses its growth on the Permian basin in Texas and the Tengiz oil field in Kazakhstan, where a $48.5 billion U.S. expansion is almost completed. Chevron is also in the process of buying Hess Corp. (HES) for $…
Events across Canada set to mark one year since Oct. 7 attacks, Israel-Hamas war
Ceremonies, events and protests are being held across Canada today to mark the anniversary of a Hamas attack on Israel that triggered the ongoing war in Gaza.
Depanneur Diablo set ablaze, quick-acting Montreal police officers put it out
A business in Montreal’s Verdun borough was the target of an arson attack on Sunday night. Thanks to the rapid intervention of the police, the damage was minor, and there were no injuries.