Aubrey McClendon, the billionaire oilman who was instrumental in launching the U.S. shale energy revolution, died in a car crash in Oklahoma City on Wednesday morning. The lavish and leveraged lifetime of Aubrey McClendon The former head of Chesapeake Energy had at one point so closely intertwined their own financial interests with the company’s that a six-person unit managed his ...

Artis Investment Trust may not be commenting about reports its trying to sell property in Calgary, however it did confirm its holdings in the oilpatch count a lot less money they was once. The Winnipeg-based REIT said Tuesday it will be taking a $288-million writedown on its Calgary office portfolio, a move which comes amid rumours it is trying to ...

HOUSTON – Aubrey McClendon was the face from the nation’s natural gas boom, a swashbuckling innovator who pioneered a shale revolution. Former Chesapeake CEO Aubrey McClendon dies in car crash next day of being indicted McClendon was charged with conspiring to rig bids to purchase oil and gas leases in Oklahoma, as well as on Wednesday his car crashed into ...

What will it cost to kill coal completely by 2030? Albertans wondering what their electricity bills might look like within the next few years should pay close attention to the Alberta government’s ambitious greenhouse-gas-reduction agenda. That plan, revealed in November, aims to increase Alberta’s carbon tax (which is already underway) and shut down coal plants early, while subsidizing alternative power ...

Canadian Natural Resources Ltd cuts its 2016 capital expenditure on Thursday after it reported an 89 percent fall in quarterly profit, amid a steep decline in crude prices. Canada’s No.2 oil and gas producer estimated 2016 capital spending of $3.5 billion to $3.9 billion, from a previous selection of $4.5 billion to $5 billion. A 70 percent drop in oil ...

TORONTO – George Weston Ltd., parents company of Weston Foods and Loblaw, will raise prices on a number of its food products this year to assist protect it from punctures from the weak loonie. The company anticipates raising prices on products from its fresh and frozen businesses, president and CEO Pavi Binning told a celebration call with investors following the ...

The low oil price environment has reduced interest in new airplanes, as more efficient models become less important from a general cost perspective. So despite strong passenger traffic, this should eventually cause a reduction in order backlogs for that likes of Boeing Co. That’s a primary reason why Canaccord Genuity downgraded Boeing to carry from buy on Thursday. Analyst Ken ...

They still won’t be dissuaded from planning spending – possibly much more of it than ever On Thursday came another illustration of the Liberal government’s refreshing new “evidence-based” policy, where the fiscal evidence somehow always backs new spending policies. Just a day after Statistics Canada released moderately encouraging data on Canada’s fourth-quarter economic performance, Prime Minister Justin Trudeau was telling ...