Imagine for a moment that you have a credit card with a limit of a few trillion dollars but with one caveat: you need to use those funds exclusively to provide for your family. It sounds easy, until you realize your “family” is 1.1 billion people...The Chinese government is in a similar position.
Canadian Oil Sands Ltd. (TSX:COS) increased its 2012 cash flow guidance by 20% after reporting third-quarter net income climbed to $338-million as lower operating expenditures offset a decline in revenues.
TransCanada Corp. (TSX, NYSE:TRP), Canada's largest pipeline company, said Tuesday third-quarter profit dropped 4% compared to the same period last year, missing estimates.
A new report published in Australia has found that coal mining communities around the world suffer from elevated levels of death, disease and birth defects.
Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside Glencore.
TransCanada Corp. (TSX, NYSE:TRP) and Phoenix Energy Holdings Ltd. have entered into a 50-50 partnership to build a $3-billion pipeline in Northern Alberta, one of the centres of Canada’s oil sands industry.
Canadian authorities revealed Sunday plans for the final portion of tar ponds clean-up in the province of Nova Scotia, which will see $17 million spent on a park, sports field and an outdoor stage and amphitheatre, as part of a project to revitalize an area where a former steel mill left behind contaminated soil.