The organization representing Canada's oil and gas drilling sector is asking the federal government to create a new tax credit it says it needs to help the industry decarbonize.

Crude oil prices slumped to a 10-month low on Monday, November 21, 2022, morning before rebounding at midday, adding to the volatility that has dogged the Canadian energy sector recently.

After long enjoying a reputation as a "bridge fuel" capable of helping the world achieve its climate goals, natural gas is losing some of its environmental lustre — and that has implications for Canada's energy sector.

With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy took aim at critics by highlighting the billions of dollars the industry is expected to contribute in taxes and royalties this year.

Canada's energy sector will be the recipient of a wave of public and private investment dollars in the coming decade, experts say, as the push to reach net-zero greenhouse gas emissions by 2050 gains momentum.

To take the temperature of the local economy, Lloydminster Mayor Gerald Aalbers only needs to look out the window.

As environmental groups urge the federal government to move quickly with an aggressive cap on emissions from the country's oil and gas sector, the industry itself says such a move could actually slow down the sector's own decarbonization efforts.

The Pathways Alliance, a consortium of the country's six largest oilsands companies, says preliminary work on the proposed project is well underway.

His decade at the helm of Enbridge was a tumultuous one for the broader industry, featuring everything from boom-time growth in 2012-14 to the contentious politics and protests surrounding North American pipeline projects to the oil price crash of 2014-15.

A newly released ranking of the Toronto Stock Exchange's top performers shows just how dominant Canadian oil and gas stocks have been in 2022 thanks to surging global energy demand and sky-high commodity prices.