Enbridge snaps up stake in West Coast LNG plant as demand surges
By Christopher Reynolds Enbridge Inc. has extended its push into liquefied natural gas as global demand soars, scooping up a stake in a proposed LNG project on the West Coast — even as the projected cost of the venture more than tripled. On Friday, the Calgary-based...
Enbridge net profit falls as revenues surge in second quarter to $13.22 billion
Enbridge Inc. says its earnings attributable to common shareholders dropped in its most recent quarter despite higher revenue.
The Calgary-based energy company says it earned $450 million or 22 cents per share in its second quarter, compared with $1.39 billion or 69 cents per share a year earlier.
Adjusted profits were $1.35 billion or 67 cents per share, compared with $1.36 billion or 67 cents per share in the same period of 2021.
Late night theft of copper wire from Estevan Meter; reward offered
Estevan Meter had a recent theft from their facility on the east side of Estevan.
According to surveillance footage, around 2 a.m. on July 15 a vehicle entered Estevan Meter’s parking lot and pulled up to their compound, where they then cut through the fence to access and steal a large quantity of copper wire.
Imperial Oil second quarter profit soars amid higher production and energy prices
Imperial Oil Ltd. CEO Brad Corson said Friday the federal government’s strategy to reduce emissions and reach net-zero amounts to overreach from Ottawa.
“It is very aggressive and stretches the capability of what is technically and economically feasible,” Corson said on a conference call with analysts.
Earlier this month, Ottawa released a statement outlining ways it could potentially design the oil and gas emissions cap, which is part of its 2030 emissions reduction plan, and launched consultations on the matter.
Alberta’s wind fleet was putting out less than 1% of its capacity during Wednesday morning coffee break
If you just had your morning coffee in Alberta, it’s unlikely your coffee pot was powered by wind. That’s because at 10:16 a.m. on Wednesday, July 27, Alberta’s fleet of 26 wind farms, supposedly capable of producing 2,269 megawatts, was producing just 22 megawatts,...
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