The company pleaded guilty and been fined more than $2.7 million in the deaths of 31 great blue herons at one of its oilsands mines north of Fort McMurray.
With oil holding steady above US$50 a barrel since December after having bottomed out to about $26 in early 2016, energy analysts say the growth of automation and other labour-saving efficiencies could hold back many jobs from returning with the economic recovery.
That's the estimated minimum price oil sands companies need to go ahead with their projects, and if it's reached then the extra cost of a carbon tax likely won't sway a decision.
A wave of overbuilding and production increases in recent years — spurred by a spike in crop prices and a perceived demand that didn't quite materialize — have left the market flooded with supply.
Canada’s No. 3 integrated oil company, reported a smaller-than-expected quarterly loss as the focus on fewer, more efficient resource plays helped reduce production costs.
The politician is calling for stricter oversight of mining companies abroad after a New York Times front-page story over the weekend shone a spotlight on a Canadian mining company accused of serious crimes in Guatemala.
