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Net Zero: Algoma Steel given $420M to decarbonize Sault plant

Net Zero: Algoma Steel given $420M to decarbonize Sault plant
ipolitics.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipolitics.ca Daily Mail and Mail on Sunday newspapers.

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Alberta takes 50% stake in troubled Sturgeon Refinery, as CNRL, North West Refining see combined $825-million payday

Alberta takes 50% stake in troubled Sturgeon Refinery, as CNRL, North West Refining see combined $825-million payday
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Canadian Natural reports $1 38B Q1 profit, plans to use cash flow to reduce debt | iNFOnews

Dan Healing Canadian Natural Resources Ltd. logo is shown at the company s annual meeting in Calgary on May 3, 2012. THE CANADIAN PRESS/Jeff McIntosh May 06, 2021 - 11:49 AM CALGARY - Higher oil and gas prices, record production and a restrained capital spending budget will result in bountiful free cash flow for Canadian Natural Resources Ltd. this year, the oilsands company said Thursday. In its first-quarter results, the Calgary-based company said it expects to generate between $5.7 billion and $6.2 billion of positive cash flow in 2021 after paying for a $3.2-billion capital budget and about $2.2 billion in dividends. In keeping with other big oilsands producers, however, Canadian Natural says it plans to spend the money mainly on reducing debt, not taking on big projects to increase oil and gas production.

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Canadian Natural reports $1 38B Q1 profit, plans to use cash flow to reduce debt

In keeping with other big oilsands producers, however, Canadian Natural says it plans to spend the money mainly on reducing debt, not taking on big projects to increase oil and gas production. If we do anything, I suspect it will be very small, we ll leverage off of our facilities. We re doing drill-to-fill (processing plants) on the gas side, you know; with the oil side, it would be essentially brownfield, small developments, president Tim McKay told a conference call with analysts. I just don t really see … anybody in the industry really getting aggressive on any kind of major capital program. Most of its capital budget for 2021 is aimed at sustaining operations, but about $200 million is considered growth capital and is expected to result in a five per cent increase in output, McKay said.

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Alberta Carbon Trunk Line: One million tonnes of CO2 captured

Article content The Alberta Carbon Trunk Line (ACTL) just crossed a major milestone in its first nine months in existence. Launched fully operational on June 2, 2020, the $1.2-billion pipeline has captured more than one million tonnes of carbon from both the North West Redwater Sturgeon Refinery and the Nutrien Fertilizer facility. We apologize, but this video has failed to load. Try refreshing your browser. Alberta Carbon Trunk Line: One million tonnes of CO2 captured Back to video Travelling from Alberta’s Industrial Heartland, the carbon is transported to a mature oilfield near Clive in central Alberta. Enhance Energy founded the ACTL Project over a decade ago and the 240-kilometre ACTL pipeline is now owned and operated by Wolf Midstream.

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