Business
Province announces new energy ‘framework’ on heels of LNG facility approval
By The Canadian Press on March 14th, 2023
VANCOUVER – The British Columbia government says it’s rolling out a new framework for approving oil and gas projects that will ensure the province meets its emissions targets in the coming decades. Premier David Eby says the new framework will require new liquefied natural gas facilities to have a “credible plan” for net-zero emissions by ... Read More »
1 response$3.28-billion Indigenous-led LNG project gets B.C. environmental certificate
By The Canadian Press on March 14th, 2023
VICTORIA – The Haisla First Nation on British Columbia’s northern coast has been granted a provincial environmental assessment certificate for a floating liquefied natural gas facility. The B.C. government says the nation, in partnership with Pembina Pipeline Corp., proposes to use electricity to operate the LNG facility and export terminal. The $3.28-billion terminal will be ... Read More »
1 responseS&P/TSX composite up 100 points Tuesday despite energy weakness, U.S. markets rise
By Rosa Saba, The Canadian Press on March 14th, 2023
TORONTO – Canada’s main stock index was up in late-morning trading, led higher by broad gains across all sectors, while U.S. stock markets were also up. Markets pulled back somewhat in the afternoon from a strong morning but still managed to post gains of between one per cent and more than two per cent in ... Read More »
1 responseFlair missed ‘millions’ in payments on seized planes, leasing company says
By The Canadian Press on March 14th, 2023
MONTREAL – The leasing company that seized four planes from Flair Airlines over the weekend says the carrier “regularly” missed payments over the past six months. Flair found itself down by more than a fifth of its fleet after the Boeing 737 Maxes were confiscated by Airborne Capital Inc. on Saturday, forcing the airline to ... Read More »
1 responseCannabis company TerrAscend applies for TSX listing, will carry out internal reorg
By The Canadian Press on March 14th, 2023
TORONTO – TerrAscend Corp. says it has applied to list its common shares on the Toronto Stock Exchange. The cannabis company says as part of its application and to qualify for the TSX’s minimum listing requirements, it will carry out an internal reorganization. TerrAscend did not say what the international reorganization would entail, but says ... Read More »
1 responseOhio sues Norfolk Southern over toxic train derailment
By John Seewer, The Associated Press on March 14th, 2023
Ohio filed a lawsuit against railroad Norfolk Southern to make sure it pays for the cleanup and environmental damage caused by a fiery train derailment on the Ohio-Pennsylvania border last month, the state’s attorney general said Tuesday. The federal lawsuit also seeks to force the company to pay for groundwater and soil monitoring in the ... Read More »
Be the first to comment!US says Russian warplane hits American drone over Black Sea
By Karl Ritter, The Associated Press on March 14th, 2023
KYIV, Ukraine (AP) – A Russian fighter jet struck the propeller of a U.S. surveillance drone over the Black Sea on Tuesday in a “brazen violation of international law,” causing American forces to bring down the unmanned aerial vehicle, the U.S. said. The incident, which raised tensions over Moscow’s war in Ukraine, appeared to mark ... Read More »
Be the first to comment!Wall Street climbs as some beaten-down bank stocks recover
By Stan Choe And Alex Veiga, The Associated Press on March 14th, 2023
NEW YORK – Stocks are broadly higher on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course. The S&P 500 was 0.8% higher in afternoon trading after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior ... Read More »
Be the first to comment!Parents of adults with severe autism say they’re ‘terrified’ for their futures
By Cindy Tran, The Canadian Press on March 14th, 2023
Andrew Kavchak’s decision to retire was less about taking time for himself, and more about taking care of his 22-year-old son, Steven, who has severe autism. Three days a week, Andrew drives Steven to take part in a day program for adults with disabilities. He said the cost is high, though an Ontario government program ... Read More »
Be the first to comment!US: Russian fighter jet hits American drone over Black Sea
By Karl Ritter, The Associated Press on March 14th, 2023
STUTTGART, Germany (AP) – The U.S. military said a Russian fighter jet on Tuesday struck the propeller of a U.S. drone over the Black Sea, causing U.S. forces to bring it down in international waters. The U.S. European Command said in a statement that two Russian Su-27 fighter jets “conducted an unsafe and unprofessional intercept” ... Read More »
Be the first to comment!Australian company to buy Arctic Canadian Diamond Company’s assets
By The Canadian Press on March 14th, 2023
YELLOWKNIFE – An Australian company is set to buy all of Arctic Canadian Diamond Company Ltd.’s assets, including the Ekati diamond mine in the Northwest Territories. Burgundy Diamond Mines has entered into a binding share purchase agreement with Arctic for approximately US$136 million. The deal is dependent on financing and the approval of Burgundy’s shareholders, ... Read More »
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