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Resources & Agriculture

New Enbridge CEO says Canada is missing opportunities as world cries out for energy

New Enbridge CEO says Canada is missing opportunities as world cries out for energy

CALGARY — The new CEO of pipeline giant Enbridge Inc. says regulatory uncertainty in this country has resulted in a "lost decade" for Canadian liquefied natural gas production.
Enbridge reports $1.1B Q4 loss as it takes $2.5B goodwill impairment charge

Enbridge reports $1.1B Q4 loss as it takes $2.5B goodwill impairment charge

CALGARY — Enbridge Inc. reported a loss of $1.1 billion in its latest quarter as it took a $2.5-billion non-cash goodwill impairment charge related to its gas transmission business as a result of what it said was the increased cost of capital.
Aurora Cannabis records $67.2 million net loss in second quarter

Aurora Cannabis records $67.2 million net loss in second quarter

EDMONTON — Aurora Cannabis Inc. says it incurred a $67.2 million net loss in its most recent quarter. The Edmonton-based cannabis company says the net loss in what was its second quarter compared with $75.
Saskatchewan's first geothermal project greens provincial power grid

Saskatchewan's first geothermal project greens provincial power grid

Surface facility construction and drilling will commence later this year, with first power production estimated by summer 2024
Precision Drilling reports $3.5M Q4 profit, revenue up more than 70 per cent

Precision Drilling reports $3.5M Q4 profit, revenue up more than 70 per cent

CALGARY — Precision Drilling Corp. reported a fourth-quarter profit of $3.5 million compared with a loss of $27.3 million a year ago as its revenue rose more than 70 per cent.
TC Energy says combination of factors caused Keystone pipeline leak

TC Energy says combination of factors caused Keystone pipeline leak

CALGARY — TC Energy Corp. has pegged the cost of cleanup and remediation of December's oil spill from its Keystone pipeline at an estimated US$480 million. The Keystone pipeline system suffered the worst oil spill in its history on Dec.
B.C. to be affected by cannabis company Canopy Growth's consolidation plans

B.C. to be affected by cannabis company Canopy Growth's consolidation plans

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations. The Smiths Falls, Ont.
Cameco reports $15M Q4 loss, revenue up more than 10 per cent from year ago

Cameco reports $15M Q4 loss, revenue up more than 10 per cent from year ago

SASKATOON — Cameco Corp. reported a loss in its latest quarter as its revenue climbed more than 10 per cent compared with a year earlier.
Terrace sawmill, bioenergy plant closing indefinitely

Terrace sawmill, bioenergy plant closing indefinitely

The closure includes both the mill and its pellet plant, Skeena Bioenergy.
B.C. forest industry concerned about Biden's America-first posture at State of the Union

B.C. forest industry concerned about Biden's America-first posture at State of the Union

Experts doubt U.S. industry’s ability to meet 100% of domestic demand
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