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Resources & Agriculture

TransAlta to buy interest in Alta. pumped hydro energy storage development for $8M

TransAlta to buy interest in Alta. pumped hydro energy storage development for $8M

CALGARY — TransAlta Corp. says it will acquire a 50 per cent interest in an early-stage pumped hydro energy storage development project in southwest Alberta.
Teck reviewing alternatives for steelmaking coal business

Teck reviewing alternatives for steelmaking coal business

VANCOUVER — Teck Resources Ltd. says it's evaluating alternatives for its steelmaking coal business, including the possible spin-out of an interest in that business to its shareholders.
Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO

Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO

CALGARY — Cenovus Energy Inc. says chief executive Alex Pourbaix will become executive chair later this year, while chief operating officer Jon McKenzie will become chief executive.
Korea, Japan want Canadian LNG – can Canada deliver?

Korea, Japan want Canadian LNG – can Canada deliver?

Japanese, Korean officials make the case for demand for Canadian energy

Nutrien sees 2022 earnings more than double despite softness in Q4

SASKATOON — Nutrien Ltd. says it earned $1.1 billion in the fourth quarter of 2022, down seven per cent from the same quarter a year earlier. Earnings per diluted share for the quarter ended Dec. 31 were $2.15, up from $2.11 a year earlier.
Barclays, once major funder, commits to stop financing oilsands

Barclays, once major funder, commits to stop financing oilsands

Barclays PLC, once a major oilsands funder, says it will no longer provide financing to the industry.
Moving B.C. salmon farms from water to land costly, risky: study

Moving B.C. salmon farms from water to land costly, risky: study

Replacing current production from open-net salmon farms in B.C. with land-based systems would require at least $1.8 billion in investment, government subsidies and regulatory changes.
Decision on new Suncor CEO expected 'very soon'

Decision on new Suncor CEO expected 'very soon'

CALGARY — Suncor Energy Inc. did not announce the name of its new CEO on its fourth-quarter earnings call Wednesday, though interim chief executive Kris Smith said a decision is expected "very soon.
West Fraser Timber reports loss in Q4 as interest rates weigh on U.S. construction

West Fraser Timber reports loss in Q4 as interest rates weigh on U.S. construction

West Fraser Timber Co. Ltd. says it saw losses of US$94 million in the fourth quarter of 2022, down more than 128 per cent from earnings of US$334 million during the same quarter a year earlier. The company, which reports in U.S.
FortisBC, LNG Canada join First Nations LNG Alliance

FortisBC, LNG Canada join First Nations LNG Alliance

Canadian LNG Alliance loses two key members to First Nations LNG group
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