Canada s Cenovus Energy Inc
posted a quarterly loss on Tuesday primarily due to non-cash
impairment of C$1.9 billion in the U.S.
manufacturing segment, sending its shares lower. The. | February 9, 2022
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Canada's Cenovus Energy Inc said on Wednesday it would double its dividend and buy back shares after the oil and gas producer posted a quarterly profit versus a year-ago loss, lifted by rising production and improving oil demand.
iPolitics By iPolitics. Published on May 4, 2021 12:39pm
The Lead
The federal government will take over the environmental assessment (EA) of the proposed Highway 413 project in Ontario, Environment and Climate Change Minister Jonathan Wilkinson announced Monday, in response to the pleas of several environmental groups to do so. Highway 413, also known as the GTA West corridor, would extend 59 km west of Toronto.
“The Impact Assessment Agency of Canada and other federal departments have identified clear areas of federal concern related to this project,” Wilkinson said in a statement. “My decision is based on their finding that this project may cause adverse direct or incidental effects on federally listed species at risk, and the uncertainty that officials have brought to my attention … whether those effects can be mitigated through project design or existing mechanisms.”