Calgary's Obsidian Energy reaches agreement with Woodland Cree First Nation to resolve standoff over oil lease road use.

Calgary-based Obsidian Energy has reached an agreement in principle with the Woodland Cree First Nation, resolving a standoff that had prevented the energy company from using an oil lease road. The blockade began in February due to concerns about Obsidian's expansion plans on traditional territory and earthquakes linked to its activities. Both parties engaged in extensive discussions with a mediator to reach a fair and equitable agreement, providing mutual benefits.