The CEO of Teck Resources Ltd. defended his company's growth strategy on Tuesday, May 12, 2020, as dissident shareholders criticized what they called "underperforming" investments in coal and oilsands.
Premier Jason Kenney says Alberta and the federal government will cost share a $42-million program to help farmers and ranchers deal with a backlog of cattle waiting to be processed during the COVID-19 pandemic.
Teck Resources Ltd. is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.
A move by Husky Energy Inc. to halt production of 80,000 barrels per day takes the total reduction in Canadian crude output to about 365,000 bpd since the onset of measures to deal with the COVID-19 pandemic, an analyst says.
“Teck pulled out of a project that was a bad decision economically given their business case...and it was an even worse environmental decision," said NDP MP Laurel Collins.
