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Resources & Agriculture

Imperial Oil plans $1.7 billion in capital spending in 2023

Imperial Oil plans $1.7 billion in capital spending in 2023

CALGARY — Imperial Oil Ltd. is planning $1.7 billion in capital spending for next year.
Four-week curtailment invoked at Intercontinental Pulp Mill

Four-week curtailment invoked at Intercontinental Pulp Mill

Step taken in response to lack of available economic fibre as a result of sawmill curtailments
TC Energy says cold weather could slow recovery of oil from Keystone pipeline leak

TC Energy says cold weather could slow recovery of oil from Keystone pipeline leak

CALGARY — TC Energy Inc. says upcoming cold weather has the potential to slow the recovery of the oil spilled from its Keystone pipeline leak in Kansas. The company says it has recovered an estimated 7,233 barrels of oil from a creek as of 5 p.m.
Too much boom: pipeline workers outnumber residents in one northern B.C. village

Too much boom: pipeline workers outnumber residents in one northern B.C. village

The Trans Mountain Pipeline expansion has brought thousands of workers to the small tourist village of Valemount, located near Mount Robson Provincial Park.
Court case against ex-CannTrust leaders should prompt OSC 'soul-searching': experts

Court case against ex-CannTrust leaders should prompt OSC 'soul-searching': experts

TORONTO — Legal experts say the acquittal of three former cannabis executives should prompt the Ontario Securities Commission to do some "deep soul searching." The Thursday acquittal of ex-CannTrust Holdings Inc.
Rio Tinto buys out Turquoise Hill

Rio Tinto buys out Turquoise Hill

Spin-out of Vancouver's Ivanhoe Mines acquired for US$3.1 billion
Hexo reports $52.1M net loss in Q2, announces share consolidation

Hexo reports $52.1M net loss in Q2, announces share consolidation

GATINEAU, Que. — Hexo Corp. says its most recent quarter delivered a $52.1 million net loss as the cannabis company purged unprofitable products and streamlined its business. The Gatineau, Que.
Sobeys parent company Empire says cyberattack expected to cost $25M after insurance

Sobeys parent company Empire says cyberattack expected to cost $25M after insurance

Sobeys parent company Empire Co. Ltd. has shared new details on a cyberattack that shut down its pharmacy services and other in-store functions last month.
Shell Canada snapping up gas stations in preparation for energy transition

Shell Canada snapping up gas stations in preparation for energy transition

CALGARY — After announcing its purchase of 56 gas stations from the parent company of Sobeys Thursday, Shell Canada is on the lookout for other potential acquisitions as it seeks to grow its retail fuel footprint across the country.
Oil demand expected to start long-term decline within the decade, says report

Oil demand expected to start long-term decline within the decade, says report

The drop is based on long-term social and economic trends, study author says, and demand not likely to resurge
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