Emission-cutting targets a trend with benefits for oilsands firms, observers say

Emission-cutting targets a trend with benefits for oilsands firms, observers say
CALGARY — In one of his last interactions with reporters before retiring as CEO of Calgary-based Imperial Oil Ltd., veteran oilman Rich Kruger was typically plain-spoken when asked about the carbon footprint of the oilsands. “We reduced the carbon intensity of every barrel we produce in the oilsands by about 20 per cent over the last five years. (But) we don’t brag about... Read More

Alstom reaches preliminary deal to buy Bombardier train unit, report says

Alstom reaches preliminary deal to buy Bombardier train unit, report says
MONTREAL — Bombardier Inc. has reached a preliminary deal to sell its train division to French rail giant Alstom SA for more than US$7 billion, the Wall Street Journal reported Sunday. The news outlet quotes unnamed sources as saying the deal could be announced as soon as Monday. Bombardier and Alstom did not immediately respond to a request for comment on... Read More

Trudeau cancels Caribbean trip amid pressure to end pipeline protests

Trudeau cancels Caribbean trip amid pressure to end pipeline protests
OTTAWA — Prime Minister Justin Trudeau has cancelled his planned trip to the Caribbean this week amid criticism over his government’s handling of a series of anti-pipeline protests that have disrupted rail service in parts of Canada. The Prime Minister’s Office announced the cancellation Sunday evening, the night before Trudeau was scheduled to fly to Barbados where he was expected... Read More

Trudeau confers with cabinet ministers as rail blockades continue

Trudeau confers with cabinet ministers as rail blockades continue
OTTAWA — Prime Minister Justin Trudeau was in talks over the weekend with federal cabinet ministers as protesters opposed to a pipeline project in British Columbia continued to halt train service across parts of the country. Trudeau’s spokeswoman Chantal Gagnon said Sunday the prime minister had already spoken to Deputy Prime Minister Chrystia Freeland, Transport Minister Marc Garneau, Public Safety Minister... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: CRTC hearings to begin The CRTC will hold hearings on mobile wireless services next week, starting on Tuesday. The regulator will hear arguments from various stakeholders regarding the wholesale rates charged by the largest telecom companies to smaller players who access their existing networks.... Read More