Keyera to buy Plains' Canadian natural gas liquids business for $5.15 billion
Keyera Corp said on Tuesday it has entered into a definitive agreement to buy substantially all of Plains' Canadian natural gas liquids business, plus select U.S. assets, for $5.15 billion in cash.
The buyout expands Keyera's position with a fully connected natural gas liquids corridor stretching from western to eastern Canada, the company said.
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Cision Canada
31 minutes ago
- Cision Canada
Chair's Summary Français
KANANASKIS, AB, June 17, 2025 /CNW/ - The Leaders of the Group of Seven (G7) gathered in Kananaskis, Alberta, from June 15-17, 2025, with the objective of building stronger economies by making communities safer and the world more secure, promoting energy security and accelerating the digital transition, as well as fostering partnerships of the future. Five decades after its founding in 1975, the G7 continues to demonstrate its value as a platform for advanced economies to coordinate financial and economic policy, address issues of peace and security, and cooperate with international partners in response to global challenges. G7 Leaders focused on economic developments. In a context of rising market volatility and shocks to international trade, as well as longer-term trends toward fragmentation and global imbalances, they discussed the need for greater economic and financial stability, technological innovation, and an open and predictable trading regime to drive investment and growth. They considered ways to collaborate on global trade to boost productivity and grow their economies, emphasizing energy security and the digital transition. They acknowledged that both are underpinned by secure and responsible critical mineral supply chains and that more collaboration is required, within and beyond the G7. Leaders undertook to safeguard their economies from unfair non-market policies and practices that distort markets and drive overcapacity in ways that are harmful to workers and businesses. This includes de-risking through diversification and reduction of critical dependencies. Leaders welcomed the new Canada-led G7 initiative – the Critical Minerals Production Alliance – working with trusted international partners to guarantee supply for advanced manufacturing and defence. G7 Leaders expressed support for President Trump's efforts to achieve a just and lasting peace in Ukraine. They recognized that Ukraine has committed to an unconditional ceasefire, and they agreed that Russia must do the same. G7 Leaders are resolute in exploring all options to maximize pressure on Russia, including financial sanctions. The G7 met with President of Ukraine, Volodymyr Zelenskyy, and Secretary General of the North Atlantic Treaty Organization, Mark Rutte to discuss their support for a strong and sovereign Ukraine, including budgetary defence and recovery and reconstruction support. G7 Leaders reiterated their commitment to peace and stability in the Middle East. They exchanged on the evolving situation, following Hamas's terrorist attacks against Israel on October 7, 2023, and the active conflict between Israel and Iran. Leaders discussed the importance of unhindered humanitarian aid to Gaza, the release of all hostages and an immediate and permanent ceasefire. Leaders also talked about the need for a negotiated political solution to the Israeli-Palestinian conflict that achieves lasting peace. Leaders affirmed Israel's right to defend itself, and were clear that Iran can never have a nuclear weapon. They underlined the importance of protecting civilians. They expressed their readiness to coordinate to safeguard the stability of international energy markets. They urged that the resolution of this crisis leads to a broader de-escalation of hostilities in the Middle East, including a ceasefire in Gaza. G7 Leaders released a statement on recent developments between Israel and Iran. Leaders highlighted the importance of a free, open, prosperous and secure Indo-Pacific, based on the rule of law, and discussed growing economic cooperation with the region. They stressed the importance of constructive and stable relations with China, while calling on China to refrain from market distortions and harmful overcapacity, tackle global challenges and promote international peace and security. Leaders discussed their ongoing serious concerns about China's destabilizing activities in the East and South China Seas and the importance of maintaining peace and stability across the Taiwan Strait. They expressed concern about DPRK's nuclear weapons and ballistic missile programs and the need to jointly address DPRK cryptocurrency thefts fueling these programs. The need to resolve the abductions issue was also raised. Leaders acknowledged the links between crisis theatres in Ukraine, the Middle East and Indo-Pacific. Leaders discussed other instances of crisis and conflict, including in Africa and Haiti. The G7 Leaders underscored their resolve to ensure the safety and security of communities. They condemned foreign interference, underlining the unacceptable threat of transnational repression to rights and freedoms, national security and state sovereignty. Leaders highlighted the importance of ongoing collaboration to promote border security and counter migrant smuggling and illicit synthetic drug trafficking, noting recent successes. They stressed the need to work with countries of origin and transit countries. Leaders discussed the impacts of increasingly extreme weather events around the world. They highlighted the need for more international collaboration to prevent, fight and respond to wildfires, which are destroying homes and ecosystems, and driving pollution and emissions. The G7 welcomed participation in the Summit by the President of South Africa, Matamela Cyril Ramaphosa, President of Brazil, Luiz Inácio Lula da Silva, President of Mexico, Claudia Sheinbaum, President of the Republic Korea, Lee Jae-myung, Prime Minister of India, Narendra Modi, and Prime Minister of Australia, Anthony Albanese, as well as UN Secretary General, António Guterres, and President of the World Bank, Ajaypal Singh Banga. Together, they identified ways to collaborate on energy security in a changing world, with a focus on advancing technology and innovation, diversifying and strengthening critical mineral supply chains, building infrastructure, and mobilizing investment. They discussed just energy transitions as well as sustainable and innovative solutions to boost energy access and affordability, while mitigating the impact on climate and the environment. They talked about the consequences of growing conflicts for shared prosperity, including energy security, and the need to work towards a shared peace. Leaders and guests had a productive discussion on the importance of building coalitions with reliable partners – existing and new – that include the private sector, development finance institutions and multilateral development banks, to drive inclusive economic growth and advance sustainable development. The upcoming United Nations' Fourth International Conference on Financing for Development was raised as an opportunity to continue these discussions, including on private capital mobilization. G7 Leaders agreed to collaborate with partners on concrete outcomes that deliver for everyone. To this end, they agreed to six joint statements. Their commitments included: Securing high-standard critical mineral supply chains that power the economies of the future. Driving secure, responsible and trustworthy AI adoption across public and private sectors, powering AI now and into the future, and closing digital divides. Boosting cooperation to unlock the full potential of quantum technology to grow economies, solve global challenges and keep communities secure. Mounting a multilateral effort to better prevent, fight and recover from wildfires, which are on the rise around the world. Protecting the rights of everyone in society, and the fundamental principle of state sovereignty, by continuing to combat foreign interference, with a focus on transnational repression. Countering migrant smuggling by dismantling transnational organized crime groups. G7 Leaders welcomed the endorsement by many outreach partners of the Critical Minerals Action Plan and the Kananaskis Wildfire Charter. Discussions at the Kananaskis Summit were informed by the recommendations of the G7 Gender Equality Advisory Council (GEAC), which stressed the social and economic benefits of gender equality, and of all G7 engagement groups. The G7 remains committed to working with domestic and international stakeholders and partners, including local governments, Indigenous Peoples, civil society, industry and international organizations, to advance shared priorities. The G7 will continue its work under Canada's presidency throughout 2025, and looks forward to France's leadership in 2026.
CBC
an hour ago
- CBC
New EV rebate program in the works, environment minister says
Social Sharing Environment Minister Julie Dabrusin says the federal government will bring back a popular consumer rebate program to help make electric vehicles more affordable. The federal government launched its rebate program — the Incentives for Zero-Emission Vehicles program or iZEV, — in 2019, but it ran out of funding earlier this year, leading Ottawa to pause the program. Speaking to The Canadian Press while leaving the House of Commons — where she spent the better part of question period fending off Conversative criticisms of Ottawa's EV mandate — Dabrusin said a renewed consumer rebate is something being worked on. "Will it be named, iZEV? That I can't tell you. But there will be a consumer rebate," Dabrusin said. She also indicated Canada's electric vehicle mandate — which requires all light-duty passenger vehicles sold off the lot to be zero-emissions by 2035 — won't be changing. Conservatives spent Tuesday in Ottawa calling for the mandate to be scrapped, citing concerns about an auto sector threatened by U.S. tariffs, and debating an opposition motion to compel the government to "immediately end their ban on gas-powered vehicles." "It's been in place since 2023. I don't see why the Conservatives believe we need to change it in the face of what we're facing with the U.S. tariffs on the auto industry," Dabrusin said. Canada's auto manufacturers have grown on their calls for the government to repeal the mandate, as EV sales dropped in early 2025 as the rebates ended. The first quarter of 2025 saw zero-emissions vehicles represent only 8.11 per cent of all new vehicle sales in Canada — a drop from the 16.5 per cent in the fourth quarter of 2024, according to data from Statistics Canada. On a monthly basis through 2024, the share of EVs among new vehicle sales never dropped below 10.65 per cent, and peaked at 18.29 per cent in December. In April of 2025, the most recent data from StatCan, EV sales dropped to 7.53 per cent of all new vehicles off of Canadian lots. Beginning in 2026, the government's EV mandate requires at least 20 per cent of new light-duty vehicles offered for sale in that year be zero-emission. That share rises each year until it reaches 100 per cent in 2035.
CTV News
an hour ago
- CTV News
CTV News at the G7: Leaders tackle global energy security and PM Carney speaks with Modi
CTV News at the G7: Leaders tackle global energy security and PM Carney speaks with Modi CTV's Colton Praill reports on day 2 of the G7 in Alberta, where PM Carney had key meetings with India, South Korea, Mexico, and discusses the agenda ahead.
