+ YYC/Calgary Airports is launching its $2 billion airport expansion project; CalgaryCity Council continues to debate the merits/costs of a $ 295 million tunnel under the new runway. Levies, tolls and project trade-offs all seem to be in play as Mayor Nenshi leads the charge to persuade council . . . stay tuned, this issue is far from resolved. It’s the right thing to do, the question is whether or not council will do it and how they propose to pay for it.
FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher
+ the plans of TransCanada Corp for the $7 billion Keystone XL Pipeline continues to irk the U.S. environmental lobby, but they are getting some heavyweight help; Prime Minister Harper has been prevailing upon President Obama for help – a key to moving Fort Mac synthetic crude . .
+ everyone has an opinion on the ENMAX firing of CEO Gary Holden, on the governance of that company, the $4.6 million severance package paid him; I’ve tried to follow it – it seems the CBC exposed that he took a free trip to Monaco in 2008, and for that he got fired in 2011, which in turn triggered the payout.City council and the CBC may feel good about this, but I wonder what would have happened if a reprimand rather than a firing was chosen.Wouldn’t the guy still be making huge profits for the city, and wouldn’t the city have saved $4.6 million?
Mark Kolke, Editor/Publisher
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NEWS REVIEW Feb. 1-6
+ AMB Property Corp. agreed to acquire ProLogis for $5.7 billion
+ BP Plc put half its U.S. refining assets on the market
+ Canadian Natural Resources Ltd. is now able to examine its Horizon upgrader; stop-work order has been lifted as fire damage repairs can no go forward
+ Enbridge Inc. agreed to acquire two solar projects from First Solar Inc. for $90 million
+ Legacy Oil + Gas Inc. acquiring oil assets from Molopo Energy Canada Ltd, $93 million
+ Opti Canada Inc. engaged restructuring consultants
+ Royal Dutch Shell announced a shelving of plans for $150 million in Alaska drilling this year
+ TerraVest Industries Limited Partnership sold Ezee-On Manufacturing to Buhler Industries Inc. for $14.5 million
+ Scotiabank completed its acquisition of Dundee Wealth
+ Sonde Resources Corp. agreed to sell Liberty Natural Gas LLC
+ TransCanada Corporation secured National Energy Board approval for its HornRiver Pipeline project; $310 million/155 kilometre
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