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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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million barrels per day (MMb/d) of existing production by early June due to operating cash losses, lack of demand and storage capacity, and an unwillingness to sell resources at the very low prices available since the onset of the COVID-19 crisis. —Raoul LeBlanc, vice president, financial services, IHS Markit. However, nearly 1.4

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ElectraMeccanica and Tevva to merge; targeting electric commercial trucks in UK, Europe and US

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Tevva supports its current product with a unique and purpose-built, commercial-grade electric battery system, and its future product portfolio is being developed to include a proprietary hydrogen range-extender technology, which delivers a differentiated and sustainable dual-energy solution. Canada Ltd. Greenhill & Co.

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Calumet’s Montana Renewables became the largest SAF producer in North America in Q2

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Calumet Specialty Products Partners, L.P. Approximately 50% of renewable diesel production is currently being sold into Canada; all of the SAF is being delivered to Shell Aviation; and the renewable hydrogen plant capacity was demonstrated. With these milestones met, we have demonstrated Untreated EBITDA of $1.25

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Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

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Simandou, the world’s largest known undeveloped supply of high-grade, low-impurity iron ore, will strengthen Rio Tinto’s portfolio by complementing our existing Pilbara and Iron Ore Company of Canada products. Aerial view of Simandou project.

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Alberta Climate Change and Emissions Management (CCEMC) Corporation Awarding C$37.5 Million in Funding for Renewable Energy Projects from Biofuels to Home Generation

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Alberta, Canada’s Climate Change and Emissions Management (CCMEC) Corporation is awarding more than C$37.5 Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12%. million (US$36.6 million (US$1.76

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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Canada-based Osum Oil Sands Corp. The new shareholder group was led by KERN Partners and included Government of Singapore Investment Corporation (GIC) and two large Canadian institutional investors, while existing major shareholders Warburg Pincus LLC and Blackstone Capital Partners participated for a significant portion of the financing.

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Mitsubishi to invest C$2.9 billion for 40% interest in Encana Cutbank Ridge Partnership for nat gas development in Canada

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Mitsubishi Corporation will invest approximately C$2.9 This transaction does not include any of Encana’s current Cutbank Ridge production of about 600 million cubic feet of natural gas per day, processing plants, gathering systems or Encana’s Alberta landholdings. Burnet, Duckworth & Palmer LLP is acting as legal advisor to Encana.