Pembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…
Alberta had the second highest level of labour productivity in 2018 among the provinces ($78.50 per hour) after Saskatchewan ($79.90) and just ahead of Newfoundland and Labrador ($76.90), according to ATB Financial’s Economics & Research Team. Productivity for Canada as a whole was $59.40 per hour. In its daily economic update, The Owl, ATB said…
Thomas Elwell of KATE Energy talks about bringing his vision to life and the struggles every entrepreneur faces on the road to success
Thomas Elwell is CEO of KATE Energy. What is KATE Energy and what does it do? Elwell: KATE Energy is a Calgary based producer of cleaner, more affordable and sustainable power and heat. We are a young company that was founded in early 2016 and is moving from the startup phase to commercial operations and…
The recent open letter to Canadians penned and signed by three oilsands sector executives missed a bull’s-eye opportunity. How? The executives addressed their letter to Canadians as … well …Canadians, rather than as energy resource owners and shareholders. The fact is, in the end, that is what Canadians are. The energy sector does not “own”…
By Jock Finlayson and Denise Mullen Business Council of British Columbia When an irresistible force meets an immovable object, conflict typically ensues. So it is with the world-wide effort to come to grips with the unprecedented challenges posed by climate change. While most countries – minus Donald Trump’s America – have notionally signed on to…
Dave Yager has spent nearly half a century in Alberta’s oil and natural gas industry and 40 years in journalism, notably with the oilfield trade magazine, The Roughneck. His first book, From Miracle to Menace: Alberta, A Carbon Story, combines his extensive experience in a well-written and fact-centred analysis of the economics, politics and history…
The leaders of three Calgary-based energy companies are reaching out to Canadians, saying there is an opportunity for each voter to push for "energy innovation" in the upcoming federal election. "As we head into the upcoming election, we are asking you to join us in urging Canada's leaders of all political stripes to help our…
TC Energy Corporation’s net income attributable to common shares for second quarter 2019 was $1.1 billion or $1.21 per share compared to net income of $785 million or $0.88 per share for the same period in 2018, the company announced Thursday. It said comparable earnings for second quarter were $924 million or $1.00 per common…
The Canadian economy grew for the third consecutive month in May. Statistics Canada reported on Wednesday that real gross domestic product was up 0.2 per cent during the month and the increase was led by a rebound in manufacturing with 13 out of 20 industrial sectors expanding. On a three-month rolling average basis, real gross…
TC Energy Corp. says it has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy Ltd., to sell interests in three Ontario natural-gas-fired power plants to a subsidiary of Ontario Power Generation Inc. for approximately $2.87 billion. The company said the facilities include the 683-megawatt Halton Hills power plant, the 900-megawatt Napanee generating station,…