Equinor

Oil Change International graded the plans of eight major oil corporations and found all of them are failing to meet their much-publicized climate pledges — with American firms receiving "worst of the worst" reviews.

Thunberg was among dozens of protesters who chanted “oily money out” and sought to block access to the luxury InterContinental Hotel on Park Lane, which is hosting the Energy Intelligence Forum.

Groups fighting the approval of Canada’s first deepwater offshore oil project aren’t backing down. On Friday, they submitted an appeal after their court case against Bay du Nord was dismissed in June.

Equinor says the Hercules semi-submersible will begin exploring next year in the Flemish Pass Basin, about 500 kilometres east of St. John's.

To be like Norway, Canadian pension and public investment funds should set targets and transition plans for their portfolio companies to achieve net-zero emissions by 2050 by reducing their Scope 1, Scope 2 and material Scope 3 emissions and divesting and excluding the same companies from their portfolios.

Lawyers representing Equinor and the federal government on Thursday pushed back against arguments that Canada’s first deepwater offshore oil project, Bay du Nord, was unlawfully approved.

In April 2022, Environment and Climate Change Minister Steven Guilbeault approved Bay du Nord, stating it was environmentally sound. He determined the project, about 500 kilometres east of St. John’s in Newfoundland, “is not likely to cause significant adverse environmental effects.”

After securing a licence for a recent discovery, Norwegian energy giant Equinor is one step closer to developing Canada’s first deepwater oil project off the East Coast.

The groups are from Norway, the United Kingdom, Brazil, Argentina and Canada — all countries where Equinor is planning new oil and gas projects. In Canada, Equinor is part owner of Bay du Nord, a proposed deepwater offshore oil project 500 kilometres east of St. John’s.

This month, Norway announced new climate rules for companies where the government is a majority shareholder. Notable on the list is Equinor: operator and part owner of Bay du Nord, set to be Canada’s first deepwater offshore oil project.

At a time when the world recognizes the need to end the reliance on fossil fuels, Newfoundland and Labrador is planning to double offshore oil production by 2030.

Newfoundland and Labrador is betting its financial future on the hundreds of millions of barrels of oil buried off its coast. Here's what that looks like.

On Tuesday, Mi’gmawe’l Tplu’taqnn Inc., an organization which represents eight Mi’gmaq communities in New Brunswick, announced it was joining the lawsuit against the federal government for its approval of the Bay du Nord oil project.

Long discussed but rarely used, carbon capture and storage projects — which bury waste CO2 underground — are on the rise globally. Some scientists see the technology as a necessary tool in reducing emissions, but others say it simply perpetuates the burning of fossil fuels.

British energy giant BP is exiting the Alberta oilsands to focus on offshore oil development instead.