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Alberta

Alberta expands its support for Ukrainians fleeing war and settling in the province

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Edmonton – The Alberta government is expanding its support for Ukrainians coming to the province from the war-ravaged country.

Premier Jason Kenney said there’s a special, deep connection between Alberta and Ukraine, with more than 369,000 Albertans who have Ukrainian roots.

“That is why we are proud to have opened our doors of refuge to Ukrainians fleeing the violence of that conflict,” he said Monday at a news conference at the Ukrainian Cultural Heritage Village just east of Edmonton.

Kenney said more than 3,800 Ukrainians — many of whom are women and children because men are required to stay behind to help defend their nation — have already arrived in Alberta and thousands more are expected as the conflict continues into its fourth month.

“Starting July 25, Ukrainian evacuees arriving in Alberta will be eligible for new forms of aid,” he said.

Those additional measures, he said, include temporary financial assistance for basic living expenses — such as food, clothing and rent — for up to six months. Anyone with children under the age of 12 would also be able to apply for child-care support for six months, said Kenney.

“This expanded support will be key for people whose lives have been thrown into chaos by the invasion,” he said. “We can’t take away their fears for those who have been left behind, but we can at least dispel the uncertainties that come with trying to start over and make ends meet in a new country.”

Orysia Boychuk, president of the Alberta chapter of the Canadian Ukrainian Congress, said the income support and child-care subsidy are appreciated.

“We are confident this will definitely help support and contribute to the Ukrainian nationals’ successful integration in Canadian society,” she said at the news conference.

“We also thank the Alberta government for its unwavering support for the past four months as Russia continues to wage war on Ukraine.”

Kenney said the additional supports are expected to cost between $15 million and $38 million, depending on how many Ukrainians arrive in the coming months.

The province has already provided money for settlement and language services, humanitarian aid and defensive equipment.

This report by The Canadian Press was first published July 4, 2022.

— By Colette Derworiz in Calgary

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Alberta

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

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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)

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Alberta

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

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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)

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