DIRS.INFO The most relevant business & tech news

☆ Canada's Trans Mountain seeks last-minute route deviation on pipeline expansion
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

OTTAWA, Aug 23 (Reuters) - The Trans Mountain Expansion (TMX) project has asked Canadian regulators for a route deviation on a 1.3-kilometre (0.8 mile)section of pipeline in British Columbia, months before the 600,000 barrel per day project is due to start shipping crude. In the application TMC said it had encountered "significant technical challenges" micro-tunnelling through hard rock formations and requested to instead adjust the pipeline route and use a conventional open trench. Last week the regulator gave TMC until end of day on Wednesday to provide more information on its request. Now that it is nearing completion, the government has approached Indigenous groups looking at buying a stake in the pipeline. "We are confident that the business case for the Trans Mountain pipeline remains solid," he added, when asked whether the government would have to sell the pipeline for less than it cost to build it.

Persons: Justin Trudeau, We're, Trudeau, Prince Edward Island, Ismail Shakil, Steve Scherer, Nia Williams, Bill Berkrot, Sonali Paul Organizations: OTTAWA, Canada Energy Regulator, Canadian, Trans Mountain Corp, TMC, Thomson Locations: British Columbia, Kamloops, Columbia, Burnaby , British Columbia, United States, Charlottetown, Prince, Ottawa

☆ Canada guarantees up to $2.2 billion in fresh loans to Trans Mountain expansion project
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Companies Kinder Morgan Inc FollowAug 5 (Reuters) - A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns. Prime Minister Justin Trudeau's Liberal government bought the Trans Mountain pipeline in 2018 from Kinder Morgan Inc (KMI.N) to ensure the expansion project got built and provided a C$10 billion loan guarantee to TMC. It is meant to unlock Asian markets for Canadian oil, which is mostly exported to the United States now. TMC had received a up to C$3 billion loan guarantee between late March and early May this year and had received a C$10 billion loan guarantee in 2022 from the federal government. Canada's finance ministry did not immediately respond to a Reuters request for comment on the fresh loan guarantee.

Persons: Justin Trudeau's, Chrystia Freeland, Anirudh, Alistair Bell Organizations: Kinder Morgan, Canadian, Export Development Canada, Justin Trudeau's Liberal, Kinder Morgan Inc, TMC, Finance, Liberal, Thomson Locations: United States, Burnaby , British Columbia, Bengaluru

☆ Canada govt body guarantees up to $2.2 bln fresh loan to Trans Mountain expansion project
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

It is meant to unlock Asian markets for Canadian oil, which is mostly exported to the United States now. Critics have also slammed the ownership of a pipeline project by the Liberal government, which they argue runs counter to Trudeau's ambitious climate goals. TMC had received a up to C$3 billion loan guarantee between late March and early May this year and had received a C$10 billion loan guarantee in 2022 from the federal government. Canada's finance ministry did not immediately respond to a Reuters request for comment on the fresh loan guarantee. In June, a finance ministry spokesperson said the loan guarantee was "common practice" and did not reflect any new public spending.

☆ Canadian Politicians Who Criticize China Become Its Targets
▼ + stars: | 2023-07-15 | by ( Norimitsu Onishi | More About Norimitsu Onishi | ) www.nytimes.com time to read: +1 min

Later, in November, Mr. Lee and his wife, Anne, flew to Shanghai. He asked why and said he was told: “‘You know what you have done. We believe you could endanger our national security.’”He and his wife were put on a plane back to Canada. He was no longer invited to some events because organizers told him that the consul general did not want to attend if Mr. Lee was also present. Mr. Lee said he believed the icy treatment contributed to the loss of his seat in 2017, after 16 years in office.

Persons: Lee, Anne, Tong Xiaoling, Kenny Chiu Organizations: Mr, Longtime, Embassy, The Globe, Conservative Locations: Shanghai, Canada, Burnaby, Ottawa, Vancouver, China

OTTAWA, June 1 (Reuters) - The Canadian government is backing up to C$3 billion ($2.24 billion) in loans for Trans Mountain Corp (TMC), the crown corporation building an over-budget and long-delayed oil pipeline expansion to Canada's Pacific Coast. Last year Liberal Prime Minister Justin Trudeau's government, which bought the Trans Mountain pipeline in 2018 to ensure the expansion project got built, provided a C$10 billion loan guarantee to TMC. The Trans Mountain Expansion will nearly triple the flow of crude from Alberta's oil sands to Burnaby, British Columbia, to 890,000 barrels per day and is intended to boost access to Asian refining markets. Finance Ministry spokeswoman Marie-France Faucher said the loan guarantee was "common practice" and did not reflect any new public spending. TMC is paying a fee to the government for the loan guarantee, she said.

Persons: Justin Trudeau's, Chrystia Freeland, Marie, France Faucher, Faucher, Stephen Ellis, Keith Stewart, Ismail Shakil, Nia Williams, Daniel Wallis, Richard Chang Organizations: OTTAWA, Canadian, Trans Mountain Corp, Export Development, Liberal, TMC, Finance, Morningstar, Greenpeace Canada, Thomson Locations: Coast, Burnaby , British Columbia, France

☆ A 'California girl' settled down in a remote Canadian city with her husband. They were finally able to buy a home and have a slice of the American dream.
▼ + stars: | 2022-12-09 | by ( Bill Murphy Jr. | ) www.businessinsider.com time to read: +9 min

Erin Ventura had no intention of leaving Los Angeles — until she met her Canadian husband, Justin Chiang. Erin Ventura grew up in Los Angeles, and she describes herself as "a California girl" through and through. But since Chiang was a Canadian citizen and Ventura was American, they had to choose which country to live in. Ventura said her husband was making a bit over 60,000 Canadian dollars a year playing in the military band. But I think in this case it's more of a 'big city, small city' kind of thing.

☆ Loop Energy says new hydrogen fuel cell more efficient than diesel engine
▼ + stars: | 2022-09-18 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Mark Blinch/File PhotoSept 18 (Reuters) - Hydrogen fuel cell maker Loop Energy (LPEN.TO) said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels. Hydrogen fuel cells have faced two challenges for broad adoption: they have so far been less efficient than diesel and fuelling infrastructure in Europe is virtually non-existent. "This brings the future forward," Loop Energy Chief Executive Ben Nyland told Reuters. Nyland said that Loop Energy aims to provide the fuel cell system to startup truck makers and as part of hydrogen powertrains provided to big truck makers by major suppliers. The company's biggest shareholder is U.S. engine maker Cummins (CMI.N), which holds a more than 20% stake in Loop Energy.

☆ Căldura face victime în Canada. Peste 130 de oameni au murit, după ce temperaturile au urcat până la 49,5 C
▼ + stars: | 2021-06-30 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Peste 130 de oameni au murit începând de vineri în Canada, după ce o „cupolă de căldură” a cuprins vestul țării. „Vancouver nu a experimentat niciodată o căldură ca aceasta și, din păcate, zeci de oameni mor din cauza asta. La ora 16.20, staţia meteo din Lytton a înregistrat 49,5 grade. Suntem obișnuiți cu căldura și este o căldură uscată, dar 30 de grade nu se compară cu 47”, a spus o localnică. Vancouver a înregistrat în ultimele zile temperaturi ce au depăşit constant 30 de grade Celsius, cu mult peste temperatură obişnuită pentru acest sezon, care nu depăşea 21 de grade Celsius.

Persons: Steve Addison Organizations: BBC Locations: Canada, Vancouver, Burnaby, Surrey

Search resuls for: "Burnaby"

8 mentions found