AGP Executive Report
Last update: 9 hours agoPipeline Challenge: Nine B.C. First Nations are asking a court to overturn Ottawa’s national-interest designation for the proposed Alberta-to-west-coast oil pipeline, alleging inadequate consultation. The challenge could complicate the fast-tracked review. LNG Investment: A Blackstone-led group, including Canadian pension funds, agreed to pay US$3.1 billion for a 49.9% stake in LNG Canada’s liquefaction business. Mitsubishi will retain control and its LNG offtake as the project advances plans to double export capacity. Production and Profits: International Petroleum Corp. says its Blackrod project is ramping up after first oil in May and remains on track for 30,000 barrels a day in 2027. Imperial Oil also reported a record $2.45-billion quarterly profit, boosted by higher oil prices. Clean-Tech Funding: Toronto-linked BlackTech Capital’s new $500,000 climate-tech fund has backed U of T-connected ventures developing fuel-cell technology and EV charging.
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