Friday, 7 February 2025

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Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery. A woman gasses up at a gas station in Mississauga, Ont., Tuesday, Feb. 13, 2024. THE CANADIAN PRESS/Christopher Katsarov
BusinessFuelNewsOil

Parkland Corp. posts first-quarter loss due to refinery outage

Parkland financial results hit by unplanned shutdown of Burnaby, B.C. facility in January, with a net loss of $5m in first quarter.

FILE PHOTO: U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022. REUTERS/File Photo
BusinessElectric Vehicles (EVs)News

Chipmaker Wolfspeed revenue below estimates as EV sales growth slows

Wolfspeed forecast current-quarter revenue below estimates as automakers grapple with high inventory levels due to slow EV sales growth

Edmonton-based Capital Power Corp. says it is no longer pursuing a proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. Capital Power’s Genesee Power Plant is seen near Edmonton in an Oct. 19, 2022, handout photo. THE CANADIAN PRESS/HO-Capital Power, Jimmy Jeong, *MANDATORY CREDIT*
BusinessCarbon ManagementNews

Capital Power pulls plug on $2.4bn carbon capture project

Capital Power's carbon capture plan is technically viable but not economically feasible, company says.

Miniatures of solar panel and electric pole are seen in front of First Solar logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsSolar

First Solar posts higher quarterly profit on strong demand

First Solar profits up after market boosted by tax credits and a limit on Chinese imports under Biden administration.

FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsFinanceNewsOilPolitics

Exxon to bar Pioneer CEO from its board in deal with FTC: WSJ report

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add...

An employee stands outside an Albemarle Lithium production facility in Silver Peak, Nevada, U.S. October 6, 2022. REUTERS/Carlos Barria/File Photo
BusinessCritical MineralsNews

Albemarle misses first quarter profit estimates

Albemarle Q1 results show world's largest producer of lithium for EV batteries hit by 47% slump in revenue since last year.

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.    REUTERS/Nick Oxford/File Photo
BusinessNewsOil

Devon Energy beats Q1 profit estimate

Oil and gas producer Devon Energy sees higher production offset decline in natural gas prices.

A renovated cruise ship designed to house more than 600 workers as they build a liquefied natural gas facility near Squamish, B.C., has been voted down by the local council. A handout photo provided by Bridgemans Services Group shows the MV Isabelle afloat in Burrard Inlet, B.C. THE CANADIAN PRESS/HO-Jeff Vinnick, Bridgemans *MANDATORY CREDIT*
BusinessFuelLiquefied Natural GasNewsPolitics

Woodfibre LNG plan for ‘floatel’ work camp in British Columbia rejected by council

Plans by Woodfibre LNG to use a renovated cruise ship as a "floatel" to house more than 600 workers as they build a...

An exhibition booth of Tellurian is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessLiquefied Natural GasNews

US LNG developer Tellurian sends production workers home amid sale talks

Houston-based LNG developer Tellurian has been holding talks with potential buyers to sell its Haynesville shale gas business to raise capital for its...

FILE PHOTO: Shell logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Advisors suggest Shell investors oppose climate resolution at AGM

Climate resolution to be put before Shell shareholders pushes for Paris Agreement targets, but Glass Lewis doubts benefit.

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