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Imperial Oil looks toward closure in Norman Wells, N.W.T., with request for environmental assessment

Imperial Oil looks toward closure in Norman Wells, N.W.T., with request for environmental assessment

Yahoo04-04-2025

Imperial Oil has asked the Mackenzie Valley Review Board to initiate a third environmental assessment related to its oilfield in Norman Wells, N.W.T. – this time, for its nearing closure.
In a letter to the board this week, the company said the assessment would help the regulator and the public understand "the potential effects, mitigations and monitoring associated with final closure."
Imperial said it expects the environmental assessment would take between five to seven years to carry out – with a hearing phase anticipated in 2029 and a decision from the federal Northern Affairs minister the following year.
Under the Mackenzie Valley Resource Management Act, the minister could decide to order an environmental impact review, adopt or modify a review board recommendation about what to do next, or bring in the minister of Environment for a joint review.
Imperial said the assessment's outcome would be used as the "foundation" of its final closure and reclamation plan, and would be used when it applies to the Canada Energy Regulator and the Sahtú Land and Water Board to move ahead with closure.
The review board will now decide what to do with Imperial's request.
There are already two other environmental assessments underway for Imperial Oil in Norman Wells: one for its entire operation triggered when Imperial sought to renew expiring water and operations licences, the other for its plan to replace a damaged pipeline. Both were ordered by Sahtu Secretariat Incorporated.
Imperial Oil said in 2022 that it planned to continue producing oil in Norman Wells for another five to 10 years.

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Arca Continental buys vending-machine firm
Arca Continental buys vending-machine firm

Yahoo

time2 days ago

  • Yahoo

Arca Continental buys vending-machine firm

Mexico-based Coke bottler Arca Continental has struck a deal to snap up a vending business in the US. The company, a bottler for Coca-Cola in the Americas, is to buy Tulsa-based Imperial. The financial terms of the deal, announced in a brief filing on the Bolsa Mexicana de Valores, were not disclosed. According to the Imperial website, the company also supplies beverages to offices and on-site dining. Just Drinks has contacted Arca Continental for further comment. In March, the group said it was looking to bolster its production and distribution with 18bn ($883m) pesos of investment this year. Arca Continental is spending half the pot on its operations in its home market, with the rest 'primarily' in the US. At the time the business told Just Drinks is looking to open more distribution centres in Mexico and put investment into its factories in the US state of Texas. It said its investment plans for 2025 'primarily focus on our beverage business'. In 2024, Arca Continental generated net sales of 237bn pesos, up 10.9% year on year. Volumes dipped 0.3% to 2.47bn unit cases. Net income stood at 19.56bn, a rise of 11.8% on 2023. The company generates 46% of its net sales in Mexico. In its domestic market, net sales reached 110bn pesos last year, an increase of 9.6%. "Arca Continental buys vending-machine firm" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Louvre Acquires Rare Fabergé Triptych From Imperial Russia
Louvre Acquires Rare Fabergé Triptych From Imperial Russia

Forbes

time02-06-2025

  • Forbes

Louvre Acquires Rare Fabergé Triptych From Imperial Russia

The Louvre Museum recently acquired a 19th triptych created by the House of Fabergé and presented as a gift to Russian Tsar Nicholas II and his wife Alexandra for the birth of their first child. The Russian artwork will be one of the centerpieces of a new wing in the Louve dedicated to Byzantine Art and Eastern Christianity that will open in 2027. The triptych depicts layers of Russian Christian Orthodox symbolism in a creation made with paint, gems, pearls and organic material from Russia. The historic artwork was acquired by the Société des Amis du Louvre (Society of Friends of the Louvre), for €2.2 million ($2.5 million) and donated to the Louvre. The French organization exists to 'enrich' the collections of the Louvre and to acquire, for donation, objects of artistic, archaeological or historical value. The acquisition was announced publicly in April. The seller was A La Vieille Russie, a well-known New York-based art and antiques dealer. The multi-generational family-owned firm was founded in 1851 in Kyiv then moved to Paris before ending up in its current home in New York in the 1930s. It is a leading dealer and international expert in the works of Carl Fabergé (1846 – 1920), who was also a client. Sébastien Fumaroli, deputy director of the Friends of the Louvre, said the acquisition took about two years to complete. 'This acquisition is the story of a friendship,' Fumaroli said by email. 'The Louvre bought its first Russian icons in the 1950s from the New York gallery A La Vieille Russie. In memory of this legacy, the director of the Byzantium Arts Department, Maximilien Durand, visited Mark Schaffer, the (New York) gallery founder's grandson, at the (TEFAF) Maastricht fair two years ago. I met him again in New York where the triptych was kept in the private collection of the gallery and was not for sale. Both Schaffer and Durand quickly understood that the triptych could become an iconic work of the new department…. By offering the triptych to the museum's new department, The Friends of the Louvre have allowed the history of the collection of Russian icons in the Louvre to continue.' He added, 'What marks the exceptional value of this work is its prestigious provenance perfectly identified. We can follow the history of this work day-by-day through archival documents….What is moving in this work is its original brilliance perfectly preserved beyond the torments of 20th century history, as if we were coming into contact with a world that has disappeared.' Mark Schaffer explained that his grandfather, Alexandre Schaffer, acquired the triptych in 1930-1931 at a time when the Soviet government was selling off its imperial collections to raise funds for its young government, to rid itself of its Imperial past and to suppress religion. Alexander Schaffer acquired the Imperial icon directly from the government-sanctioned office, known as Antiquariat, set up to sell art to the West. He was one of only a few persons who were allowed to purchase items from this dedicated office. 'It's been in our collection ever since,' Mark Schaffer said. 'My grandfather acquired it as part of the active efforts of the young Soviet Union to sell off imperial items.' When speaking about the triptych's current home at the Louve, he said, 'I can't think of a better home for this piece.' The triptych appeared in public in New York once, as part an exhibition by Alexander Schaffer of the Imperial Russian Treasures at the Rockefeller Center in 1934. It was titled, 'Collection of Authentic Art Treasures,' which presented more than 250 works by Carl Fabergé. Other than that, it has remained in the gallery's private collection. The triptych was created in 1895 by Mikhail Evlampievich Perkhin (1860-1903), a craftsman of the House of Fabergé. He was responsible for the workmanship of the iconic imperial Easter eggs until his death in 1903. The triptych was presented as a gift in 1895 by the Saint Petersburg aristocracy to Nicholas II and Alexandra for the birth of their first child, Grand Duchess Olga. Both Mark Schaffer and Fumaroli said the triptych was typical of the kind of extravagant gift that a Russian Tsar would receive to mark an important occasion. But even by such a high standard this triptych is special as a work of art and a piece of history. The shape of the triptych evokes the silhouette of a Russian Orthodox church with an onion-shaped dome, as explained by a statement by the Department of Byzantine and Christian Arts in the Orient Louvre Museum. The body of the triptych is made of Karelian birch wood, a rare species native to a region in northwest Russia. 'Its fresh butter color, with pearly reflections, is particularly appreciated in the field of Russian decorative arts of the late 19th century,' the Louvre's Byzantine department said in its statement. 'It was often used in the production of triptychs for the imperial family in the Art Nouveau style by artists of the time.' The face of the triptych has an oil painting. On the central panel, the iconography is divided into two registers. In the lower part, the two 'chosen saints' of the imperial couple stand, Saint Nicholas, the Bishop of Myra (4th century), and Saint Alexandra, the legendary wife of the Emperor Diocletian. A bust is depicted Saint Olga. The paintings are executed on an ochre-brown background. The slender figures wear precious garments, enhanced with cabochons and pearls, and adorned with ornaments. Fumaroli said that the range of colors used and the miniature character of the ornamental details 'reflects the renewal of the art of the traditional icon by using 'Modern' forms, characteristic of the Modern Style under Nicholas II. The dark character of this painting contrasts with the brightness of the ornament. When unfolded, it takes the form of a traditional church. The painting of this triptych was made by an artist from the Mstera cooperative, a production center for folklore of ancient Russia.' The triptych is set in a silver and gilt mount, enhanced with colored enamel, precious stones, emeralds, rubies and sapphires and pearls, the Byzantium department said in its statement. A golden lattice on a light blue background forms the frame of the figures of the evangelists on the shutters, while arabesques in the Modern style (which is how Russians referred to Art Nouveau at the time). It emphasize the architectural structure of the object. Fumaroli said bringing this Russian Imperial triptych to the Louvre is in line with its overall mission of bringing important objects to the museum for the benefit of the public. 'The Fabergé Imperial Triptych is a jewel. It corresponds to a time when the icon, under the reign of Nicholas II, is no longer only an art of devotion but becomes an art of contemplation. It is an imperial treasure that belongs to the history of the European courts which is added to the many precious art objects offered by the Friends of the Louvre to the contemplation of the Louvre visitors.'

Carney discusses "partnerships" with oil and gas executives in Calgary
Carney discusses "partnerships" with oil and gas executives in Calgary

Yahoo

time01-06-2025

  • Yahoo

Carney discusses "partnerships" with oil and gas executives in Calgary

CALGARY — Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed door roundtable with more than two dozen members of the energy sector. Attendees included Tourmaline Oil CEO Michael Rose, Pathways Alliance President Kendall Dilling, ATCO CEO Nancy Southern, Imperial Oil President John Whelan and Jon McKenzie, president of Cenovus Energy. Reporters were only allowed to hear a few comments from the prime minister before being asked to leave the room at the Harry Hays building. "Thank you for convening on a Sunday morning and also for what you've all been doing to help build our our economy, build a future," Carney said. "I'd like to thank a number of you who wrote directly to me a month or so ago and I felt it would be best to get together and discuss it in much more detail than through an exchange of letters given the importance of the issues." Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his April 28 election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7. That would include scrapping the federal emissions gap on oil and gas producers and repealing industrial carbon pricing to help bolster the industry. The CEOs want an overhaul of the Impact Assessment Act, which sets out the process for assessing major projects, and of the Oil Tanker Moratorium Act, which bans oil tankers carrying more than 12,500 metric tons of crude from stopping along parts of British Columbia's coastline. Carney campaigned on expediting reviews of major energy infrastructure projects. He promised before the election to move forward with a "one project, one review" approach by recognizing assessments conducted by the provinces and territories. The federal government unveiled its proposed emissions cap regulations late last year. They would compel upstream oil and gas operations to reduce emissions to 35 per cent below where they were in 2019 by sometime between 2030 and 2032. "Partnership is a theme for our discussion this morning," Carney said, accompanied by Energy Minister Tim Hodgson, Dominic LeBlanc, the minister responsible for Canada and U.S. trade and Emergency Management Minister Eleanor Olszewski. "It's a critical time for our country. The world's certainly more divided and dangerous and the imperative of making Canada an energy superpower in all respects has never been greater. We will do everything we can at the federal government level to support those partnerships." Alberta Premier Danielle Smith was asked on her weekend radio show if she was concerned that the federal throne speech didn't include a mention of pipelines. "He may not have said the words 'oil and gas' and he may not have said the word 'pipeline,' but conventional energy means oil and gas, and the only way to get it to market efficiently is through pipelines," said Smith, who says she's hoping for a one-on-one with Carney at Monday's First Ministers conference in Saskatoon. Smith also praised Carney for being more willing to engage with the premiers on issues of national importance than his predecessor Justin Trudeau. She was coy when asked about consequences if Carney doesn't deliver, saying she prefers to be optimistic. Carney also took a moment on Sunday to thank the Department of National Defence, the provinces of Manitoba, Saskatchewan and Alberta, and volunteers involved in fighting extensive wildfires and co-ordinating large-scale evacuations. "The good news is those are proceeding well at this stage but of course it's not over until it's over and we're at the start of the forest fire season across the country," he said. "So we'll stay committed to doing everything that we can with partners." _With files from Rob Drinkwater in Edmonton This report by The Canadian Press was first published June 1, 2025. Bill Graveland, The Canadian Press

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