West Fraser Timber Co. Ltd., one of Canada’s largest lumber producers, said shipments plunged about 25% to 30% in the second half of the month following severe flooding in British Columbia.
November 30, 2021Simon Casey
Government, Business, Safety, Logistics
The flooded Sumas Prairie and Highway 1 in, British Columbia, Canada. The government has pledged to help the province rebuild its damaged infrastructure after major flooding. ( James MacDonald/Bloomberg)
Canada Sees Timber Shipments Slump on British Columbia Floods
The flooded Sumas Prairie and Highway 1 in, British Columbia, Canada. The government has pledged to help the province rebuild its damaged infrastructure after major flooding. ( James MacDonald/Bloomberg)
Business, Fuel
Bryan Tarnowski/Bloomberg
ConocoPhillips Says Shell Deal Cuts Emissions Per Barrel of Oil
Bryan Tarnowski/Bloomberg
ConocoPhillips’ $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost oil production and, inevitably, greenhouse gas emissions as well. Yet the company says the pact will actually allow it to reach one of its climate goals faster.
September 21, 2021
Government, Business, Fuel
Fuel pumps at a Speedway in Chicago. (Christopher Dilts/Bloomberg News)
7-Eleven Ordered to Sell 293 Speedway Stores
Fuel pumps at a Speedway in Chicago. (Christopher Dilts/Bloomberg News)
7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business.
June 25, 2021
Business
Tyson Foods Replaces Dean Banks as CEO After 8 Months
Tyson Foods Inc. appointed Donnie King as chief executive officer, replacing Dean Banks, who has been in the top job at the largest U.S. meat producer for just eight months.
June 2, 2021
Government, Business, Fuel
Demonstrators protest the Dakota Access pipeline in Washington in 2017. (Andrew Harrer/Bloomberg News)
Energy Transfer Says It Won’t Shut Dakota Access Despite Ruling
Demonstrators protest the Dakota Access pipeline in Washington in 2017. (Andrew Harrer/Bloomberg News)
Energy Transfer LP said it’s not making any moves to empty its Dakota Access oil pipeline after a judge July 6 ordered the conduit shut while a more robust environmental review is conducted.
July 8, 2020
Government, Business, Fuel
Martin Divisek/Bloomberg
Oil Services Should Prepare for Recession, Rystad Warns
Martin Divisek/Bloomberg
The oil services sector will contract in 2020 as producers cut spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.
September 11, 2019