Natural Resources

Oct 25, 2016
Teck bounces back to become best-performing Canadian stock
Marcie Good

Buoyed by the bounce-back in commodities prices, Teck Resources Ltd. has become the best-performing Canadian stock in seven years. The country’s largest diversified miner has risen fivefold on the S&P/TSX Composite Index to a market value of $16 billion this year, the biggest year-to-date gain of any stock since 2009. The key to Teck’s success has been the rally in...

Oct 18, 2016
Saskatchewan premier proposes his own climate change plan
Marcie Good

Saskatchewan Premier Brad Wall was none too happy when Prime Minister Justin Trudeau announced his carbon pricing plan two weeks ago, calling it “a betrayal” because the provinces weren’t consulted. On Tuesday at a lunch event at the Regina and District Chamber of Commerce, he proposed his own plan. As an alternative to carbon taxes or cap-and-trade, he wants Ottawa...

Oct 11, 2016
Ottawa promises more rules on carbon
Marcie Good

The federal government will introduce new regulations to cut Canadian carbon emissions later this fall, according to Environment Minister Catherine McKenna. The new measures will include making new and old buildings and houses more energy efficient. The regulations will come on top of a national carbon tax unveiled by Prime Minister Justin Trudeau last week. “Some people say just have...

Oct 4, 2016
Trudeau's ultimatum on carbon tax angers provinces
Marcie Good

Three provincial environment ministers walked out of the federal-provincial climate talks on Monday after Prime Minister Trudeau announced his government’s plan to set a minimum carbon tax. He told the premiers that if their provinces don’t adopt a carbon tax or cap-and-trade plan, Ottawa would impose its own levy—a minimum of $50 a tonne by 2022—and return the revenue to...

Sep 27, 2016
B.C. Utilities Commission rejects low-carbon power plant for Vancouver
Marcie Good

The B.C. Utilities Commission has rejected a plan for a low-carbon power plant, proposed by the City of Vancouver and developer Ian Gillespie. Creative Energy is a company owned by Gillespie, who planned to build an underground network throughout parts of the downtown peninsula to supply heat and power to new buildings. It would have relied on new projects being...

Sep 22, 2016
Kamloops at the crossroads
Andrew Findlay

From her home in the Aberdeen subdivision high atop Kamloops, overlooking the Thompson River Valley, Helen Newmarch can smell the sagebrush and see the golden grasslands. She and her husband, Bruce, a family physician with a private practice in nearby Sahali, moved to the area in 1983 to be close to nature and away from the bustle of downtown Kamloops.

Sep 20, 2016
Enbridge will not appeal ruling against pipeline
Marcie Good

Enbridge will not appeal a recent ruling from the Federal Court of Appeal that overturned Ottawa’s approval of the Northern Gateway pipeline. The court ruled in June that the federal government had not adequately consulted with Indigenous peoples who live near the route, which stretches across northern B.C. to an export terminal in Kitimat. This does not mean the end...

Sep 13, 2016
Prime Minister will likely approve Kinder Morgan pipeline: source
Marcie Good

Prime Minister Justin Trudeau plans to approve at least one new oil pipeline project in his first term, according to a report by Bloomberg News. Quoting sources close to the Prime Minster, Bloomberg points to Kinder Morgan Inc.’s Trans Mountain expansion as the most likely candidate, as Trudeau aims to balance environmental protection with stimulus for the sluggish economy. He...

Sep 6, 2016
Enbridge acquires Spectra Energy in $37-billion deal
Marcie Good

Enbridge Inc., Canada’s largest pipeline company, announced on Tuesday the acquisition of Spectra Energy Corp. of Houston in an all-stock deal valued at about $37 billion. The deal is being called the most significant energy deal since oil and natural gas prices crashed in mid-2014, and will create the largest energy infrastructure company in North America. Spectra, whose Canadian headquarters...

Aug 31, 2016
Miner to missionary: The Ross Beaty story
Frances Bula

It was the winter of 2008, and Ross Beaty—a man who’d made his fortune discovering mines, then running them, all around the world—was at the peak of his career. The company he founded in 1994, Pan American Silver Corp., was the second-largest silver-mining operation in the world, with seven mines in Mexico, Peru, Bolivia and Argentina, and 6,000 direct and...

Copyright © Canada Wide Media Limited. All Rights Reserved
Use of this site constitutes acceptance of our Terms of Use & Privacy Policy