Articles on Oil

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Nine years after the Montara oil spill in the Timor Sea, victims have yet to receive compensation. PR Handout Image/PTTEP

The missing stories from Montara oil spill media coverage

Despite its magnitude, the response to the Montara oil spill did not receive the publicity of other offshore oil disasters like the Deepwater Horizon spill in the Gulf of Mexico.
Venezuelan president Hugo Chavez was a major financier of Nicaragua’s Daniel Ortega, seen here at a 2016 commemoration on the third anniversary of the socialist leader’s death. Reuters/Marco Bello

Venezuelan oil fueled the rise and fall of Nicaragua’s Ortega regime

Cheap Venezuelan oil boosted Nicaragua's economy and funded President Daniel Ortega's many anti-poverty programs. With Venezuela in crisis, the oil has dried up – as has support for Ortega's regime.
Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia, has said the diplomatic dispute won’t affect oil exports to Canada. (AP Photo/Ronald Zak, File)

Saudi showdown spotlights Canada’s energy insecurity

Saudi Arabia has said it won't curb the flow of oil to Canada, but the Maritimes should think more seriously about replacing the Saudi supply with crude from more trusted sources.
The U.S. won’t be able to walk all over Putin with unilateral sanctions. Reuters/Sergei Karpukhin

New sanctions on Russia and Iran are unlikely to work. Here’s why

American policymakers and lawmakers are floating unilateral sanctions against Russia, Iran and even Turkey in an effort to change behavior. But research shows sanctions only work in narrow circumstances.
Gas prices usually rise heading into long weekends. The reasons behind wild oil price fluctuations, reflected at the pumps, is about a lot more than economics. THE CANADIAN PRESS/Jonathan Hayward

Understanding the rollercoaster ride of oil prices

Oil prices have little to do with supply or demand or even economic forces. Instead, it's all about politics.
A aerial view of Kinder Morgan’s Trans Mountain tank farm is pictured in Burnaby, B.C. The federal government is buying Trans Mountain and all of Kinder Morgan Canada’s core assets. Opposition to pipeline construction in Canada has transformed over the decades, shifting from being a local issue to one of global concerns. THE CANADIAN PRESS Jonathan Hayward

The complicated history of building pipelines in Canada

Canada has a long history of building energy pipelines against a backdrop of environmental uncertainty. Decades ago, the opposition came from local groups. Now it's a global issue.
Suncor’s plant in the oilsands in Fort McMurray Alta. Divesting in fossil fuels can not only help combat climate change, but can also increase investors’ returns, according to a new analysis. THE CANADIAN PRESS/Jason Franson

Want a richer pension? Divest of fossil fuels

A recent study suggests that divesting in fossil fuels not only allows investors to address their climate change concerns, it also reduces financial risks and increases financial returns.

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