+ do you remember the 1987 event - Montreal Protocol on Substances the Deplete the Ozone Layer? I remember all this hissing and moaning, particularly from BOMA, the Honeywell’s and Johnson Controls types – about how draconian the changes were, that we should stop exposing Freon to atmosphere by developing new/safe refrigerants. The 25th anniversary is here, refrigerants are safe. The Montreal Protocol is widely recognized as a model international agreement for achieving environmental results - international action has cut the equivalent of about 135 billion tonnes of carbon dioxide emissions.
+ Nexterra Systems Corp. , University of British Columbia and GE announced successful completion of an energy-from-renewable-waste combined heat and power (CHP) system located at UBC's Vancouver campus, North America's first commercial demonstration of this technology to produce 2 megawatts. Plant will also throw off 3 megawatts of thermal energy.
+ Gibson Energy Inc. expanding crude-to-rail capacity at Hardisty Terminal, adding 800,000 barrel storage capacity, completion early 2014 – will move 60,000+ barrels/day by rail
+ Keyera Corp. investing $10-15 million to acquire and modify NGL midstream facility near MontBevieu, Texas from ExxonMobil
+ Kingsway Financial Services In. restructuring in effort to return to profitability
+ Palliser Oil & Gas Corporation closed its $5.3 million acquisition of Lloydminster area heavy oil properties
+ Royal Dutch Shell’s arctic off-shore drilling program amended till next year due to damage to its oil-spill containment equipment was damaged during testing; to drill top holes instead, for completion in 2013
NEWS REVIEW September 12 - 17
+ Allied Properties REIT agreed to buy Calgary Chamber of Commerce and DemcorBuildings; $27.3 million
+ Brookfield Homes project in McKenzie Towne suffered a substantial fire, arson suspects caught on film; 22 condo units destroyed
+ Chesapeaker Energy has agreed to sell $6.9 billion in non-core Permian and midstream assets to reduce debt
+ Cominar REIT closed its acquisition of 68 real estate assets (Montreal, Quebec City and Ottawa) from GE Capital Real Estate
+ Counsel Corporation and its subsidiary Street Capital Financial Corporation aer setting up a Schedule I Bank to be known as Street Capital Bank of Canada to be headquartered in Toronto
+ Haisla First Nation have been provided 700 hectares of land near Kitimat by the BC government as a site to build an LNG terminal
+ Lone Pine Resources Inc. engaged advisors to improve liquidity, deleverage assets
+ Lowe’s Corporation withdrew its $1.8 billion takeover bid for Rona Inc.
+ Manitoba Telecom Services Inc. is conducting a strategic review of its Allstream business
+ Nordstrom department store chain confirmed they have leased 140,000 sq. ft. at Chinook Centre, to open fall 2014; also opening stores in Ottawa, Toronto and Vancouver
+ NuVista Energy Ltd. agree to sell 3 asset packages for $236 million
+ Peter E. Lougheed, former Premier of Alberta, died at 84; his body is laying in state Sept 17-18 in the Legislature Rotunda in Edmonton; State Memorial planned for Southern Alberta Jubilee Auditorium, Calgary on September 21 – condolence page
+ Talisman Energy Inc. ceased exploration activity in Peru, announced it will withdraw from that country
+ U.S. Federal Reserve launched an initiative to buy an additional $40 billion in mortgage-backed securities – seen as stimulating confidence notwithstanding inflationary impact
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
