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09.07.26 - 21:31
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Meta plans billions for first AI data center in Canada, largest outside the US (The Hill)
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(AP) — Facebook and Instagram parent Meta said Wednesday it will invest more than $9.1 billion to build its first artificial intelligence data center in Canada and its largest outside the United States. The facility will be built in Sturgeon County, Alberta, and powered by a natural gas-fired plant being developed by a consortium that......
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09.07.26 - 15:24
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Canadian Dollar Drops As Crude Oil Prices Slip (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the European session on Thursday, as the crude oil prices slipped due to increased geopolitical concerns in the M......
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09.07.26 - 15:12
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Canada Just Admitted Justin Trudeau′s Climate Agenda Was A Scam (ZeroHedge)
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Canada Just Admitted Justin Trudeau's Climate Agenda Was A Scam
Authored by Andrew Moran via LibertyNation.com,
Former Prime Minister Justin Trudeau gave Canada a lost decade. A key contributor to the country's stagnation was the Liberal government's obsession with climate change and its ushering in of green energy policies that were disastrous for a nation rich in natural resources. To make Canada great again, Prime Minister Mark Carney is abandoning climate alarmism and embracing what made the country wealthy in the first place: crude oil.
Canada Loves Oil Again
On June 30, the prime minister published a 17-minute YouTube video, focused exclusively on his predecessor's climate agenda. He used words like "expensive" and "divisive" to describe Trudeau's environmental endeavors. Carney essentially admitted that Pierre Poilievre and the Conservatives were right.
For right-wing political pundits, this was a rare win for the incumbent. Indeed, in a bid to resuscitate the a...
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09.07.26 - 15:01
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Canadian Dollar Drops Against Majors (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the European session on Thursday. The Canadian dollar fell to a 2-day low of 1.6221 against the euro, from an ear......
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09.07.26 - 13:45
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Canada Just Unleashed Its Fastest-Growing Oil Boom In A Decade (ZeroHedge)
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Canada Just Unleashed Its Fastest-Growing Oil Boom In A Decade
Who says price isn't a rationing mechanism?
Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heavy oil field that allows producers to capitalize on rising crude prices far more quickly, according to Bloomberg.
The surge in activity has been significant. Alberta approved 1,764 drilling licenses between Jan. 1 and June 12, the busiest start to a year since 2014. Roughly one-fifth of those permits were for Clearwater wells, marking the highest proportion ever recorded.
The formation is increasingly changing how producers respond to higher oil prices. Traditional oil sands projects often require years of planning, construction, and billions of dollars before generating a single barrel of crude. Clearwater, by contrast, produces a similar heavy grade of oil using horizontal multilateral wells, eliminating the need for expensive steam-...
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