Pembina buying Kinder Morgan Canada for $4.35 billion

Pembina buying Kinder Morgan Canada for $4.35 billionPembina 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…

Oil/gas provinces dominate Canadian labour productivity

Oil/gas provinces dominate Canadian labour productivityAlberta 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…

Bringing affordable, sustainable power to remote Canada

Thomas Elwell of KATE Energy talks about bringing his vision to life and the struggles every entrepreneur faces on the road to success

Bringing affordable, sustainable power to remote CanadaThomas 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…

Canadians must start to act as responsible resource owners

Canadians must start to act as responsible resource ownersThe 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”…

Canada well placed to meet world’s growing energy demands

Canada well placed to meet world’s growing energy demandsBy 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…

Anti-Alberta bigotry clothed in environmental clichés and platitudes

Anti-Alberta bigotry clothed in environmental clichés and platitudesDave 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…

Canadian economy grows for third consecutive month

Canadian economy grows for third consecutive monthThe 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 selling Ontario natural-gas-fired power plants for $2.87B

TC Energy selling Ontario natural-gas-fired power plants for $2.87BTC 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,…
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