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Alberta

Leduc RCMP warn motorists of poor road conditions due to snowfall

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1 minute read

Jan.13, 2021

Leduc RCMP warn motorists of poor road conditions due to snowfall

Leduc, Alta. – Leduc RCMP are responding to a vehicle in the ditch on Highway 2 south.

Leduc RCMP are advising motorist that roads in and around Leduc are icy due to recent snowfall, blowing snow and reduced visibility.

Motorists are being asked to slow down and adjust their driving.

Leduc RCMP suggest the following tips to drivers:

  • Ensure all windows, side mirrors and lights are properly and completely cleared of snow;
  • Help others see you, make sure your lights are turned on;
  • Reduce your speed and give yourself more time to slow and stop;
  • Listen to the radio for updated road and weather reports;
  • Plan extra time to get to your destination;
  • Be prepared for changing road and weather conditions. Pack blankets or a winter survival kit, especially if you are planning a trip outside of town.

No further updates are expected at this time.

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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)

The Canadian Press

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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)

The Canadian Press

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