Connect with us
[bsa_pro_ad_space id=12]

Alberta

An extremely simple question about Canada’s energy supply the Federal Government refuses to answer

Published

1 minute read

Edmonton-Wetaskiwin MP Mike Lake has a simple question for the federal government.  The answer has significant ramifications for Canada’s energy producers, for jobs, and for Canada’s economy.  MP Lake has asked the question in Parliament three times now.  The latest question was asked last week during “COVID Question Period” with MP’s mostly speaking from their home offices.  In frustration, Lake has shared the exchange on his social media to show Canadians.  Here it is.

From the Facebook page of Edmonton-Wetaskiwin MP Mike Lake.

Three times in recent months, I’ve asked the Liberal government a very straightforward, yes-or-no question: “We’re importing tens of millions of barrels of oil per year into Canada from Saudi Arabia, Nigeria and Algeria. Is this oil subject to the same rigorous regulations on upstream and downstream emissions as oil coming from Alberta, Saskatchewan and the Minister’s very own home province of Newfoundland?”
Judge for yourself whether this is a fair and relevant question in the Canadian interest, and whether the Minister even came close to trying to answer the question.

 

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

Follow Author

Alberta

Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million

Published on

CALGARY — Cenovus Energy Inc. has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery for $300 million.

The Calgary-based oil producer has owned the other 50 per cent of the Ohio-based refinery since its combination with Husky Energy in 2021.

Cenovus says its U.S. operating business will take over operations when the transaction closes, expected before the end of the year.

The company says the Toledo refinery recently completed a major, once in five years turnaround to improve operational reliability.

It says the transaction will give Cenovus an additional 80,000 barrels per day of downstream throughput capacity, including 45,000 barrels per day of heavy oil refining capacity.

The deal brings Cenovus’ total refining capacity to 740,000 barrels per day.

Alex Pourbaix, Cenovus president and CEO, says fully owning the Toledo refinery provides an opportunity to further integrate the company’s heavy oil production and refining capabilities, including with the nearby Lima Refinery.

“This transaction solidifies our refining footprint in the U.S. Midwest and increases our ability to capture margin throughout the value chain,” he said in a statement.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:CVE)

The Canadian Press

Continue Reading

Alberta

Nutrien names Ken Seitz president, CEO amid sweeping changes in agriculture markets

Published on

Saskatoon-based fertilizer giant Nutrien Ltd. has named Ken Seitz president and CEO following a months-long global talent search. 

The company says Seitz, who has served as interim CEO since January and previously headed up its potash operation, brings 25 years of experience in agriculture and mining to the role.

Nutrien says it has achieved record results under Seitz’s leadership amid sweeping changes in agricultural markets and unprecedented global food security challenges.

Russ Girling, chairman of Nutrien’s board of directors, says the company’s record performance during some of the most turbulent times in the sector underscore the strength of Seitz’s leadership. 

Seitz, who grew up on a dairy farm in Saskatchewan, says he’s “honoured and humbled” to work alongside growers during challenging times.

He says Nutrien is well positioned to help meet the global goals of food security and climate action.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:NTR)

The Canadian Press

Continue Reading

Trending

X