Alberta
Premier Kenney says Alberta is “Open Forever!”


Premier Jason Kenney joined Danielle Smith of the Alberta Enterprise Group for a live interview Thursday at noon. Right off the top of the interview the pair established the fact that Thursday, June 10 is the first day every single business in Alberta has been allowed to open in some capacity since the beginning of the pandemic back in March 2020. Then Jason Kenney made a bold announcement. Alberta’s Premier says Alberta is not only opening up, but due to the success they’re seeing with the vaccines, Alberta will stay open.
Enjoy Danielle Smith’s interview with Premier Jason Kenney.
From the Alberta Enterprise Group
Alberta
Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million


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


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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