Cenovus plans to grow free funds flow 14% a year through 2021

Company targets $4 billion to $5 billion in asset sale agreements by year end Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel (bbl) while increasing production at […]

Let’s take up the challenge of carbon capture

By Joseph Maloney A combination of science, courageous business people, and the incredible skills of the members I am proud to represent has given us the opportunity to significantly reduce our carbon footprint while providing employment security for tens of thousands of Canadians. The business people are making carbon-capture technology an integral part of a […]

Government of Canada approves 40-year export licence for Woodfibre LNG project

Woodfibre LNG Limited announced today that the Government of Canada has approved a 40-year export licence for the Woodfibre LNG Project in Squamish, British Columbia. “We know there is tremendous demand for natural gas, especially in the fast-growing countries of Asia. The approval of Woodfibre LNG’s 40-year export licence provides certainty for investors while creating […]