11:57:17 EST Tue 10 Nov 2026
Enter Symbol
or Name
USA
CA



Imperial Oil Ltd
Symbol IMO
Shares Issued 472,011,797
Close 2026-11-09 C$ 174.70
Market Cap C$ 82,460,460,936
Recent Sedar+ Documents

Globe says CNRL, others may see Arctic waters open up

2026-11-10 07:03 ET - In the News

See In the News (C-CNQ) Canadian Natural Resources Ltd

The Globe and Mail reports in its Tuesday, Nov. 10, edition that Ottawa is mulling lifting its moratorium on offshore oil and gas exploration in the Western Arctic, challenging a decade-old policy aimed at protecting the region's marine ecosystem. The Globe's Aya Dufour writes that the fall budget includes increased funding for Arctic offshore oil and gas governance. The federal government's budget, released last week, earmarked $1-million in 2027-28 for oversight of fossil fuel exploration in the region, an amount that jumps to $3-million the next year. The Northwest Territories has been urging Ottawa to revisit its policy for years to regain control over land and waters, with Nunavut recently joining the call. "This line in the budget is the biggest update I've had in a while," says Northwest Territories Deputy Premier Caroline Wawzonek. She says lifting the ban wouldn't "necessarily equate to immediate development of any one kind or another." But she adds, it would signal Ottawa is willing to fulfill a longstanding commitment for self-governance of natural resources in the north. The offshore drilling moratorium is reviewed by Ottawa every five years, with the current ban set to expire in 2028.

© 2026 Canjex Publishing Ltd. All rights reserved.