Canada’s oil sands News

Alberta Wildfire Insured Losses Could Total $7.3B, Covering Area Bigger Than NYC

The wildfires ravaging Canada’s oil hub in northern Alberta have rapidly spread to an area bigger than New York city, prompting the air lift of more than 8,000 evacuees as firefighters seek to salvage critical infrastructure. The inferno around Fort …

Alberta Wildfire Could Become Canada’s Costliest Natural Catastrophe

A wildfire in the Alberta city of Fort McMurray is set to become the costliest ever Canadian natural disaster for insurers, with 1,600 buildings destroyed and another 19,000 under threat, analysts and industry sources say. The bill for insurers is …

Update: Canadian Wildfire Rages, Leading to Evacuation of 80,000 People

Fire raged unchecked through the Canadian city of Fort McMurray overnight as authorities raced to complete the evacuation of its population of 80,000, fearful that hot, dry winds forecast for Wednesday would further fan the flames. About 44,000 people were …

Alberta Wildfires Burn for 6th Day, 10% of Oil Sands Crude Offline

Firefighters battled wildfires in northern Alberta, Canada’s biggest crude-producing region, for a sixth day on Thursday, with two blazes near oil sands facilities still out of control. The wildfires have forced producers in the Western Canadian province, the largest source …

Canadian National Railway Raises Rates for Using Older Oil Tank Cars

Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions. Confirmation of a …