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☆ Canada opens formal investigation into Imperial's oil sands tailings leak
▼ + stars: | 2023-05-04 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

CALGARY, Alberta, May 4 (Reuters) - Canada's federal environment ministry on Thursday opened a formal investigation into a months-long tailings leak at Imperial Oil's (IMO.TO) Kearl oil sands mine in northern Alberta, signalling a potential prosecution. Tailings, a toxic mining by-product containing water, silt, residual bitumen and metals, have been seeping from Imperial's site since last May, angering local Indigenous communities who hunt and fish on the lands downstream from Canada's oil sands mines. The company first discovered discolored water on its Kearl site in May 2022 and informed the AER and some local Indigenous communities, but failed to update those communities when testing showed the water contained tailings. Canada's Tourism Minister Randy Boissonnault, one of only two Liberals lawmakers in Alberta, said the Kearl leak and poor communication was "simply unacceptable". "It's unjust for Indigenous communities that are living downstream to have questions about their drinking water table and the health of the natural environment."

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

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The Citi Premier® Card and Chase Sapphire Preferred® Card are both mid-tier credit cards that offer generous rewards, impressive (and overlapping) transfer partners, and travel perks. Here's a look at how the Citi Premier® and Sapphire Preferred stack up against each other. Compare the Chase Sapphire Preferred and Citi Premier Chase Sapphire Preferred® CardCiti Premier® Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Winner: TieShopping and travel benefitsAs mid-tier cards, the Citi Premier® and Sapphire Preferred offer standard benefits like no foreign transaction fees. Winner: TieTravel and purchase protectionsTravel and purchase protections are essential benefits you should consider when deciding between the Citi Premier® and Sapphire Preferred.

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☆ Alberta Energy Regulator to probe wildlife death at Suncor tailings pond
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

April 22 (Reuters) - The Alberta Energy Regulator (AER) has started an investigation into the death of 32 waterfowl at a Suncor Energy Inc (SU.TO) tailings pond on its Base Mine Site, 29 km (18 miles) north of Fort McMurray. It was detected during an oilsands bird contact monitoring program survey, according to a statement from the regulator. The company has further discovered two additional dead wildlife, one muskrat and one vole, at the site since it notified the AER. Suncor said it had begun an investigation after finding the dead wildlife on Friday, on the edge of a tailings pond at the Base Plant site during one of its regular, required checks. "At the time of discovery, all bird deterrent systems at Base Plant were active."

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☆ Canada's Suncor releases 5,900 cubic metres of water from oil sands site
▼ + stars: | 2023-04-18 | by ( Nia Williams | ) www.reuters.com time to read: +1 min

April 18 (Reuters) - Canada's Suncor Energy (SU.TO) has reported the release of 5,900 cubic metres (208,400 cubic feet) of water with more than twice the approved level of suspended solids from a sedimentation pond at its Fort Hills oil sands project in northern Alberta. The water came from a sedimentation pond, which collects and discharges surface run-off from the oil sands site, and not a tailings pond, Suncor spokesperson Erin Rees said in an email. Oil sands companies are under scrutiny for how they manage water on their sites, after Imperial Oil (IMO.TO) said in February that tailings ponds at its Kearl site had been seeping for months and another spill released 5,300 cubic metres of process water in late January. "This is not a tailings pond, but a water run-off pond that collects and discharges run off into Fort Creek ... in line with regulatory approvals," Rees said. The water discharges into Fort Creek roughly 800 metres upstream of the Athabasca River, the main waterway running through the oil sands region.

☆ An airline was fined for imposing strict rules about high heels and makeup on female cabin crew, report says
▼ + stars: | 2023-03-26 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A Spanish airline was fined for enforcing a strict makeup and high heel policy on female crew. Vueling requires female crew to wear high heels and enforces makeup rules, per El Periódico. Catalonia's labor department fined the airline 30,000 euros (about $32,000) after a union complaint. The publication said Vueling's female cabin crew were required to wear high heels of between five and eight inches, and foundation that matches their skin tone. A Vueling representative said it was considering its options following the ruling but there was now "no gender distinction or obligation to wear make-up."

☆ 5 cheaper alternatives to popular high-annual fee cards
▼ + stars: | 2023-03-23 | by ( Ariana Arghandewal | ) edition.cnn.com time to read: +11 min

It has a $150 annual fee, which can be offset by a $200 annual cash bonus when you spend $200,000 or more per year. With a steep annual fee and high spending requirements, the Spark 2% Cash Plus Card can be a tough sell for some business owners. Hilton Honors American Express Card instead of the Hilton Honors SurpassHilton's no annual fee card still provides generous perks. It has offers a $300 annual travel credit to partially offset the $550 annual fee, along with a Priority Pass membership. The card’s $395 annual fee is mostly offset by a $300 annual travel credit (valid on Capital One Travel bookings) and 10,000 anniversary miles (worth $100).

☆ GE to slash stake in aircraft lessor AerCap
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

March 7 (Reuters) - AerCap Holdings NV (AER.N) said on Tuesday a unit of General Electric Co (GE.N) is selling 18 million shares, worth $1.12 billion, of the aircraft lessor through an underwritten public offering. In addition, AerCap agreed to repurchase $500 million worth of its shares from GE, its largest shareholder. The Boston-based conglomerate currently has a 45.3% stake in AerCap, according to Refinitiv data. The conglomerate, through its unit GE Capital US Holdings Inc, expects to grant the underwriters a 30-day option to purchase up to 2.7 million additional ordinary shares. GE said in March 2021 it will "over time" sell its stake after AerCap bought its aircraft leasing unit in a $30 billion deal.

LONDON, Feb 24 (Reuters) - British Airways-owner IAG (ICAG.L) forecast 2023 profit could jump almost 90% after its financial performance improved substantially last year and it agreed a deal to buy all of Spain-based Air Europa. For 2023, the airline group, which also owns Iberia, Vueling and Aer Lingus, forecast operating profit in the range of 1.8 billion euros ($1.91 billion) to 2.3 billion euros, compared to the 1.22 billion euros it made last year. That result came in ahead of analyst expectations and represented an improvement of 4 billion euros from the previous year when COVID-19 travel restrictions made airlines across the world loss-making. IAG agreed on Thursday to pay 400 million euros ($423.84 million) to Spain's Globalia for the remaining 80% of Air Europa it did not already own, a deal aimed at expanding its position in the Latin American market. Looking ahead, chief executive Luis Gallego said IAG was seeing robust forward bookings, although it remained conscious of the global macro-economic uncertainties.

☆ IAG takeoff weighed down by debt dilemma
▼ + stars: | 2023-02-24 | by ( Aimee Donnellan | ) www.reuters.com time to read: +3 min

Its $11 billion net debt pile, a legacy of an epic collapse in revenue during the pandemic, is tangibly more than its $9.4 billion market capitalisation. While Friday’s 2022 results showed operating profit of only 1.22 billion euros, well below the 3.3 billion euros it delivered in 2019, the last few years have seen big operating losses. Operating profit could be as high as 2.3 billion euros in 2023, according to company forecasts. More holidaymakers mean revenue last year was over 23 billion euros, compared to less than 8.5 billon euros in 2021. IAG announced an operating profit of 1.22 billion euros for 2022 and forecast 2023 operating profit in the range of 1.8 billion euros to 2.3 billion euros.

Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases. Limited benefits beyond earning Hilton points Highlights Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Details Rewards Earn 12x Hilton Honors Points at Hilton per dollar for purchases made directly with hotels and resorts in the Hilton portfolio. Keep in mind that transferable credit card points — like Chase Ultimate Rewards®, Amex Membership Rewards, Citi ThankYou Rewards, and Capital One miles — are generally more valuable than hotel points or airline miles. That's worth around $500 in stays, according to Insider's valuation of Hilton points.

☆ Canada's Imperial ordered to fix seepage from oil sands tailing ponds
▼ + stars: | 2023-02-08 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

Feb 8 (Reuters) - Canada's Imperial Oil (IMO.TO) on Wednesday said it is working with the Alberta Energy Regulator (AER) to fix industrial wastewater seepage from tailings ponds at its Kearl oil sands project that has been ongoing for months. The order steps up regulatory enforcement from the AER, which previously issued Imperial with two non-compliance notices and conducted site inspections. Kearl is a 240,000-barrel-per-day bitumen mine in northern Alberta, and the wastewater, or tailings, from its industrial processes include dissolved iron and arsenic. However, Imperial on Saturday also reported a separate leak of more than 5,000 cubic metres of tailings water from one of its holding ponds. Schmidt said the cause of that release is still being determined and Imperial has notified local communities.

You can get many thousands of dollars in value from Aeroplan points even if you never step foot on an Air Canada plane. Earn Aeroplan points with credit cards and points transfersThe Aeroplan® Credit Card is the only US credit card that earns Aeroplan points directly. So if you transferred 60,000 Marriott Bonvoy points, you'd end up with 20,000 Aeroplan points, plus a 5,000-point bonus for a total of 25,000 Aeroplan points. Earn Aeroplan points flying Air CanadaThe next easiest way to rack up Aeroplan points is by actually flying Air Canada, but the earning formula is going to change later this year. As far as we know, it will look like this:Basic fares: Earn 2x points per (Canadian) dollarStandard fares: Earn 3x points per (Canadian) dollarFlex/Comfort fares: Earn 3x points per (Canadian) dollarLatitude fares: Earn 3x points per (Canadian) dollarPremium economy fares: Earn 3x points per (Canadian) dollarBusiness fares: Earn 3x points per (Canadian) dollarEssentially, everything but basic economy fares will earn 3x per dollar.

If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Amex Membership Rewards points Capital One miles Chase Ultimate Rewards points Choice Privileges points Citi ThankYou points Hilton Honors points Hyatt points IHG Rewards points Marriott Bonvoy points Wyndham Rewards pointsYou travel with a large family Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

The Point.me feature in the Bilt Rewards app can help you book lie-flat business class seats to Europe with your Bilt points. $0 Annual Fee View Full Details Apply nowBilt Mastercard® 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Intro offer N/A Rewards Earn 3X point on dining. But if you'd prefer an automated answer to your question, you can now find it inside the Bilt Rewards app thanks to its integration of the Point.me award booking service. $0 Annual Fee View Full Details Apply nowBilt Mastercard® 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Intro offer N/A Rewards Earn 3X point on dining. With the power of Point.me now living inside the Bilt Rewards app, Bilt's value proposition continues to rise.

"Our industry is still climbing out of - call it a 100-year event, call it a macro shock of epic proportions. "We are bullish and these are the reasons why I suspect there's a disconnect between the Davos in Switzerland and the Davos in Dublin," Cronin told Reuters. "It's a good time to be a lessor," said Tony Diaz, chairman of the smaller Zephyrus Aviation Capital. It's probably easy to take that second one too," Robert Korn, president and co-founder of fast growing Carlyle Aviation Partners, added. Additional reporting by Tim Hepher and Joanna Plucinska Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

DUBLIN, Jan 18 (Reuters) - A battle for compensation is brewing over delays in the delivery of commercial jets, with a Dublin aviation summit descending into a blame game over the worst industrial disruption in years. Aircraft contracts contain dense descriptions of adverse factors which excuse manufacturers for multiple types of delay, meaning they can avoid paying penalties or "liquidated damages". Excusable delays include "acts of God", natural disasters, fire, flood, earthquakes and epidemics, among other examples, according to extracts of past contracts filed with regulators. Non-excusable delays include anything that falls outside this catalogue, but are rare, experts say. 'OVER-OPTIMISTIC'"They are not excusable at all," Aengus Kelly, chief executive of lease giant AerCap (AER.N) told the Airfinance Journal conference when asked about the delays.

☆ Boeing, Airbus hit back over criticism of delivery delays
▼ + stars: | 2023-01-17 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

[1/3] A woman walks past a Boeing logo at the China International Aviation and Aerospace Exhibition, or Airshow China, in Zhuhai, Guangdong province, China September 28, 2021. REUTERS/Aly SongDUBLIN, Jan 17 (Reuters) - The world's two largest planemakers defended themselves on Tuesday following criticism over delivery delays, with a Boeing (BA.N) executive saying increasing production after COVID-19 lockdowns was "not as easy as an on/off switch." Aircraft leasing firms have used a major industry conference to hammer manufacturers over delays. Air Lease (AL.N) executive chairman Steven Udvar-Hazy said they had "grossly misjudged" output, while one of Airbus' largest customers, AerCap (AER.N), called the European firm's production targets "very ambitious". To help remove the bottlenecks, Airbus has placed over 100 procurement specialists into its indirect suppliers to help them achieve the rates in the supply chain that the jetmaker requires to ramp up production, Pearman-Wright added.

The International Air Transport Association, which represents global airlines, is predicting full recovery in 2024. The crippling impact of COVID-19 saw dozens of airlines go out of business and wiped billions of dollars off balance sheets. In public, airlines and leasing firms have deplored delivery delays and are seen likely to press aircraft makers for compensation. Inflation is driving up aircraft parts and prices, while raising questions over the resilience of travel demand. Overall, more than half of the world's airline fleet is controlled by global leasing companies rather than owned directly by airlines.

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. You can transfer points from Chase Ultimate Rewards, Amex Membership Rewards, and Citi ThankYou to JetBlue, but the ratio varies depending on the rewards program. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them.

How to earn Alaska Airlines milesThere are two types of Alaska miles: Elite-qualifying miles and redeemable miles. Earn Alaska miles for car rentalsYou can opt-in to earn Alaska miles when you rent cars through Alamo, Avis, Budget, Dollar, Hertz, National, or Thrifty. Redeem Alaska miles for domestic flightsOne of the most popular ways to redeem Alaska miles is for domestic award flights on Alaska and its partner American Airlines. Redeem Alaska miles for flights on partner airlinesUsing Alaska Airlines miles for award flights on partner airlines is perhaps the best way to use your Alaska miles. Donate Alaska Airlines miles to charityYou can donate your Alaska miles to over a dozen different charities, in 1,000-mile increments, and with no maximums or fees.

Airline credit cards tout many flashy perks in order to entice new customers and maintain existing ones. However, one of the most underrated airline credit card benefits might just be a companion ticket. First, only a handful of airline credit cards actually offer them, which means consumers might not even be aware they exist. Let's look at the best credit card companion certificates by airline. What to know about airline credit card companion certificatesCompanion tickets offered by airline credit cards are amazing benefits that can save you hundreds or even thousands of dollars each year — if you know how to maximize them.

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