Latest news with #Phase
Edmonton Journal
17 hours ago
- Business
- Edmonton Journal
Opinion: PM Carney wants Canada to be an energy superpower - here's how he can prove it
Article content Prime Minister Mark Carney says he wants Canada to become an energy superpower. That's the right goal, and now that he's in charge, it's time to back up his lofty words with real action — here's how he can prove it. Tell the world there is a business case for Canadian LNG Canadian liquefied natural gas (LNG) is one of the most significant opportunities for Canada to grow its economy and create good, mortgage-paying jobs for Canadians. Several projects are awaiting final approval: Phase 2 of the LNG Canada project, Ksi Lisims LNG, and Woodfibre are just some examples. Getting these projects approved and built quickly would show authentic leadership.
The Advertiser
26-05-2025
- Automotive
- The Advertiser
BYD drops local importer EVDirect, will distribute vehicles in Australia itself
BYD Automotive is taking control of its Australian operations from July 2025, dropping EVDirect as its local distributor. EVDirect will remain involved with the Chinese brand, however, through a minority stake in its retail joint venture with Eagers Automotive Limited, called EVDealer Group. It has a 20 per cent stake in this joint venture, with Eagers holding 80 per cent. EVDirect CEO David Smitherman will serve as CEO of the joint venture. BYD Australia and Eagers have signed a term sheet for a new five-year dealer agreement, with an option for a further five-year term. This term sheet is subject to finalisation of formal documentation between the joint venture and BYD Australia. Not only does this move preserve the current network of retail and service locations, but it also allows Eagers to expand its retail footprint for the BYD brand, provided BYD Australia approves. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "This transition is consistent with BYD's continued global reach into key strategic markets and will strengthen the brand's capabilities in Australia by leveraging BYD's global resourcing and expertise," Eagers Automotive said in a press release. In its own press release, EVDirect said the move comes a year ahead of schedule. "Now is the time to further unlock BYD's immense potential for Australian drivers," said Luke Todd, chairman and founder of EVDirect and incoming executive chairman of EVDealer Group. "Phase One proved the BYD brand would thrive here; Phase Two will make new-energy vehicle ownership easier and more accessible than ever," he added, with EVDirect noting it intends to offer customers more retail locations, shorter wait times, and enhanced after-sales support. "As the inaugural importer, EVDirect is extremely proud of the role it has played in the launch of BYD into the Australian market, overseeing what has been one of the most successful new car brand launches in Australian history," added Mr Todd. "As a team we are extremely proud of what's been achieved and even more excited by the future as our team reposition into a new role that will help catapult the BYD brand further, right across Australia." We've contacted BYD Australia for comment. The BYD brand has grown rapidly in Australia, after an uncertain start. BYD e6 vehicles had previously been distributed in limited numbers under Carbridge and Nexport, companies run by Luke Todd. The T3 electric van was also offered here in limited numbers in 2021. But it was the launch of the Atto 3 in 2022 that put BYD on the map with Australian new car buyers, with the small-to-medium electric SUV aimed at the heart of the local EV market. Initially offered only through its website, EVDirect subsequently announced in 2022 plans to sell BYD vehicles through Eagers dealers and have them additionally able to be serviced at Mycar locations. EVDirect and Eagers established a 51:49 joint venture retail partnership, which in 2023 shifted to a 20:80 split. The local distributor has long stated aggressive goals for the Australian market, saying back in 2022 and 2023 it wanted to be a top five brand. Even as recently as this year, Mr Todd said BYD could overtake Toyota as soon as 2027 in Australia. Last year, BYD sold 20,458 vehicles in Australia, including 14,260 electric vehicles (EVs) and 6198 plug-in hybrids (PHEVs), which was enough to make it our market's second best-selling EV brand and the second best-selling PHEV brand. Overall, it was the market's 17th best-selling brand in 2024. The move to in-house distribution will see BYD join other Chinese brands such as MG, GWM/Haval, Chery/Jaecoo and Geely. Chinese brands that use a third-party distributor include LDV (Ateco), Deepal and Foton (Inchcape), and Xpeng (TrueEV). There's also Leapmotor, which leverages Stellantis retail locations through the Leapmotor International joint venture with the European/American giant. BYD will not only be distributing vehicles under its namesake brand, but also under its premium Denza brand, which is due on our shores this year. Content originally sourced from: BYD Automotive is taking control of its Australian operations from July 2025, dropping EVDirect as its local distributor. EVDirect will remain involved with the Chinese brand, however, through a minority stake in its retail joint venture with Eagers Automotive Limited, called EVDealer Group. It has a 20 per cent stake in this joint venture, with Eagers holding 80 per cent. EVDirect CEO David Smitherman will serve as CEO of the joint venture. BYD Australia and Eagers have signed a term sheet for a new five-year dealer agreement, with an option for a further five-year term. This term sheet is subject to finalisation of formal documentation between the joint venture and BYD Australia. Not only does this move preserve the current network of retail and service locations, but it also allows Eagers to expand its retail footprint for the BYD brand, provided BYD Australia approves. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "This transition is consistent with BYD's continued global reach into key strategic markets and will strengthen the brand's capabilities in Australia by leveraging BYD's global resourcing and expertise," Eagers Automotive said in a press release. In its own press release, EVDirect said the move comes a year ahead of schedule. "Now is the time to further unlock BYD's immense potential for Australian drivers," said Luke Todd, chairman and founder of EVDirect and incoming executive chairman of EVDealer Group. "Phase One proved the BYD brand would thrive here; Phase Two will make new-energy vehicle ownership easier and more accessible than ever," he added, with EVDirect noting it intends to offer customers more retail locations, shorter wait times, and enhanced after-sales support. "As the inaugural importer, EVDirect is extremely proud of the role it has played in the launch of BYD into the Australian market, overseeing what has been one of the most successful new car brand launches in Australian history," added Mr Todd. "As a team we are extremely proud of what's been achieved and even more excited by the future as our team reposition into a new role that will help catapult the BYD brand further, right across Australia." We've contacted BYD Australia for comment. The BYD brand has grown rapidly in Australia, after an uncertain start. BYD e6 vehicles had previously been distributed in limited numbers under Carbridge and Nexport, companies run by Luke Todd. The T3 electric van was also offered here in limited numbers in 2021. But it was the launch of the Atto 3 in 2022 that put BYD on the map with Australian new car buyers, with the small-to-medium electric SUV aimed at the heart of the local EV market. Initially offered only through its website, EVDirect subsequently announced in 2022 plans to sell BYD vehicles through Eagers dealers and have them additionally able to be serviced at Mycar locations. EVDirect and Eagers established a 51:49 joint venture retail partnership, which in 2023 shifted to a 20:80 split. The local distributor has long stated aggressive goals for the Australian market, saying back in 2022 and 2023 it wanted to be a top five brand. Even as recently as this year, Mr Todd said BYD could overtake Toyota as soon as 2027 in Australia. Last year, BYD sold 20,458 vehicles in Australia, including 14,260 electric vehicles (EVs) and 6198 plug-in hybrids (PHEVs), which was enough to make it our market's second best-selling EV brand and the second best-selling PHEV brand. Overall, it was the market's 17th best-selling brand in 2024. The move to in-house distribution will see BYD join other Chinese brands such as MG, GWM/Haval, Chery/Jaecoo and Geely. Chinese brands that use a third-party distributor include LDV (Ateco), Deepal and Foton (Inchcape), and Xpeng (TrueEV). There's also Leapmotor, which leverages Stellantis retail locations through the Leapmotor International joint venture with the European/American giant. BYD will not only be distributing vehicles under its namesake brand, but also under its premium Denza brand, which is due on our shores this year. Content originally sourced from: BYD Automotive is taking control of its Australian operations from July 2025, dropping EVDirect as its local distributor. EVDirect will remain involved with the Chinese brand, however, through a minority stake in its retail joint venture with Eagers Automotive Limited, called EVDealer Group. It has a 20 per cent stake in this joint venture, with Eagers holding 80 per cent. EVDirect CEO David Smitherman will serve as CEO of the joint venture. BYD Australia and Eagers have signed a term sheet for a new five-year dealer agreement, with an option for a further five-year term. This term sheet is subject to finalisation of formal documentation between the joint venture and BYD Australia. Not only does this move preserve the current network of retail and service locations, but it also allows Eagers to expand its retail footprint for the BYD brand, provided BYD Australia approves. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "This transition is consistent with BYD's continued global reach into key strategic markets and will strengthen the brand's capabilities in Australia by leveraging BYD's global resourcing and expertise," Eagers Automotive said in a press release. In its own press release, EVDirect said the move comes a year ahead of schedule. "Now is the time to further unlock BYD's immense potential for Australian drivers," said Luke Todd, chairman and founder of EVDirect and incoming executive chairman of EVDealer Group. "Phase One proved the BYD brand would thrive here; Phase Two will make new-energy vehicle ownership easier and more accessible than ever," he added, with EVDirect noting it intends to offer customers more retail locations, shorter wait times, and enhanced after-sales support. "As the inaugural importer, EVDirect is extremely proud of the role it has played in the launch of BYD into the Australian market, overseeing what has been one of the most successful new car brand launches in Australian history," added Mr Todd. "As a team we are extremely proud of what's been achieved and even more excited by the future as our team reposition into a new role that will help catapult the BYD brand further, right across Australia." We've contacted BYD Australia for comment. The BYD brand has grown rapidly in Australia, after an uncertain start. BYD e6 vehicles had previously been distributed in limited numbers under Carbridge and Nexport, companies run by Luke Todd. The T3 electric van was also offered here in limited numbers in 2021. But it was the launch of the Atto 3 in 2022 that put BYD on the map with Australian new car buyers, with the small-to-medium electric SUV aimed at the heart of the local EV market. Initially offered only through its website, EVDirect subsequently announced in 2022 plans to sell BYD vehicles through Eagers dealers and have them additionally able to be serviced at Mycar locations. EVDirect and Eagers established a 51:49 joint venture retail partnership, which in 2023 shifted to a 20:80 split. The local distributor has long stated aggressive goals for the Australian market, saying back in 2022 and 2023 it wanted to be a top five brand. Even as recently as this year, Mr Todd said BYD could overtake Toyota as soon as 2027 in Australia. Last year, BYD sold 20,458 vehicles in Australia, including 14,260 electric vehicles (EVs) and 6198 plug-in hybrids (PHEVs), which was enough to make it our market's second best-selling EV brand and the second best-selling PHEV brand. Overall, it was the market's 17th best-selling brand in 2024. The move to in-house distribution will see BYD join other Chinese brands such as MG, GWM/Haval, Chery/Jaecoo and Geely. Chinese brands that use a third-party distributor include LDV (Ateco), Deepal and Foton (Inchcape), and Xpeng (TrueEV). There's also Leapmotor, which leverages Stellantis retail locations through the Leapmotor International joint venture with the European/American giant. BYD will not only be distributing vehicles under its namesake brand, but also under its premium Denza brand, which is due on our shores this year. Content originally sourced from: BYD Automotive is taking control of its Australian operations from July 2025, dropping EVDirect as its local distributor. EVDirect will remain involved with the Chinese brand, however, through a minority stake in its retail joint venture with Eagers Automotive Limited, called EVDealer Group. It has a 20 per cent stake in this joint venture, with Eagers holding 80 per cent. EVDirect CEO David Smitherman will serve as CEO of the joint venture. BYD Australia and Eagers have signed a term sheet for a new five-year dealer agreement, with an option for a further five-year term. This term sheet is subject to finalisation of formal documentation between the joint venture and BYD Australia. Not only does this move preserve the current network of retail and service locations, but it also allows Eagers to expand its retail footprint for the BYD brand, provided BYD Australia approves. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "This transition is consistent with BYD's continued global reach into key strategic markets and will strengthen the brand's capabilities in Australia by leveraging BYD's global resourcing and expertise," Eagers Automotive said in a press release. In its own press release, EVDirect said the move comes a year ahead of schedule. "Now is the time to further unlock BYD's immense potential for Australian drivers," said Luke Todd, chairman and founder of EVDirect and incoming executive chairman of EVDealer Group. "Phase One proved the BYD brand would thrive here; Phase Two will make new-energy vehicle ownership easier and more accessible than ever," he added, with EVDirect noting it intends to offer customers more retail locations, shorter wait times, and enhanced after-sales support. "As the inaugural importer, EVDirect is extremely proud of the role it has played in the launch of BYD into the Australian market, overseeing what has been one of the most successful new car brand launches in Australian history," added Mr Todd. "As a team we are extremely proud of what's been achieved and even more excited by the future as our team reposition into a new role that will help catapult the BYD brand further, right across Australia." We've contacted BYD Australia for comment. The BYD brand has grown rapidly in Australia, after an uncertain start. BYD e6 vehicles had previously been distributed in limited numbers under Carbridge and Nexport, companies run by Luke Todd. The T3 electric van was also offered here in limited numbers in 2021. But it was the launch of the Atto 3 in 2022 that put BYD on the map with Australian new car buyers, with the small-to-medium electric SUV aimed at the heart of the local EV market. Initially offered only through its website, EVDirect subsequently announced in 2022 plans to sell BYD vehicles through Eagers dealers and have them additionally able to be serviced at Mycar locations. EVDirect and Eagers established a 51:49 joint venture retail partnership, which in 2023 shifted to a 20:80 split. The local distributor has long stated aggressive goals for the Australian market, saying back in 2022 and 2023 it wanted to be a top five brand. Even as recently as this year, Mr Todd said BYD could overtake Toyota as soon as 2027 in Australia. Last year, BYD sold 20,458 vehicles in Australia, including 14,260 electric vehicles (EVs) and 6198 plug-in hybrids (PHEVs), which was enough to make it our market's second best-selling EV brand and the second best-selling PHEV brand. Overall, it was the market's 17th best-selling brand in 2024. The move to in-house distribution will see BYD join other Chinese brands such as MG, GWM/Haval, Chery/Jaecoo and Geely. Chinese brands that use a third-party distributor include LDV (Ateco), Deepal and Foton (Inchcape), and Xpeng (TrueEV). There's also Leapmotor, which leverages Stellantis retail locations through the Leapmotor International joint venture with the European/American giant. BYD will not only be distributing vehicles under its namesake brand, but also under its premium Denza brand, which is due on our shores this year. Content originally sourced from:
Yahoo
23-05-2025
- Business
- Yahoo
Alberta Energy Regulator penalizes CEPro Energy & Environmental Services Inc. for contraventions
CALGARY, AB, May 23, 2025 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) has issued an administrative penalty to CEPro Energy & Environmental Services Inc. (CEPro) in the amount of $456 000, for contraventions of the Environmental Protection and Enhancement Act (EPEA). A copy of the decision is on the AER's Compliance Dashboard. Following an investigation, the AER determined that CEPro contravened section 227(b) and 227(c) of EPEA by failing to provide information and for providing false or misleading information. In February 2023, CEPro submitted five reclamation certificate applications for oil sands exploration programs on behalf of Everest Canadian Resources Corp. through the AER's OneStop system. Applications are required to include a declaration attesting to the accuracy of the information. Subsequently reclamation certificates were issued based on the information provided. On May 25, 2023, an AER audit of the application submissions identified multiple regulatory breaches. Subsequent audits confirmed further deficiencies, including falsified or missing data relating to Phase 1 environmental site assessments (ESAs), among other requirements. Accordingly, the AER cancelled the reclamation certificates that had been issued to Everest based on information submitted to the AER by CEPro. An administrative penalty is one of many compliance and enforcement tools the AER can use when companies do not comply with the regulatory requirements. For more information on the AER's investigation enforcement processes, please see the Investigations webpage on the Alberta Energy Regulator The AER provides for the safe, efficient, orderly, and environmentally responsible development of energy and mineral resources in Alberta through our regulatory activities. For more information visit Contact Email: media@ | Media line: 1-855-474-6356 Connect with AER X | LinkedIn | Facebook CONTACT: AER Media Alberta Energy Regulator 1-855-474-6356 media@ 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
Yahoo
23-05-2025
- Business
- Yahoo
Alberta Energy Regulator penalizes CEPro Energy & Environmental Services Inc. for contraventions
CALGARY, AB, May 23, 2025 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) has issued an administrative penalty to CEPro Energy & Environmental Services Inc. (CEPro) in the amount of $456 000, for contraventions of the Environmental Protection and Enhancement Act (EPEA). A copy of the decision is on the AER's Compliance Dashboard. Following an investigation, the AER determined that CEPro contravened section 227(b) and 227(c) of EPEA by failing to provide information and for providing false or misleading information. In February 2023, CEPro submitted five reclamation certificate applications for oil sands exploration programs on behalf of Everest Canadian Resources Corp. through the AER's OneStop system. Applications are required to include a declaration attesting to the accuracy of the information. Subsequently reclamation certificates were issued based on the information provided. On May 25, 2023, an AER audit of the application submissions identified multiple regulatory breaches. Subsequent audits confirmed further deficiencies, including falsified or missing data relating to Phase 1 environmental site assessments (ESAs), among other requirements. Accordingly, the AER cancelled the reclamation certificates that had been issued to Everest based on information submitted to the AER by CEPro. An administrative penalty is one of many compliance and enforcement tools the AER can use when companies do not comply with the regulatory requirements. For more information on the AER's investigation enforcement processes, please see the Investigations webpage on the Alberta Energy Regulator The AER provides for the safe, efficient, orderly, and environmentally responsible development of energy and mineral resources in Alberta through our regulatory activities. For more information visit Contact Email: media@ | Media line: 1-855-474-6356 Connect with AER X | LinkedIn | Facebook CONTACT: AER Media Alberta Energy Regulator 1-855-474-6356 media@ 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
Yahoo
13-05-2025
- Business
- Yahoo
Carbon dioxide pipeline regulations pass in testy Iowa Senate but still need governor's signature
DES MOINES, Iowa (AP) — The Iowa Senate advanced a bill that could further complicate a massive carbon-capture pipeline project routed across several Midwestern states after a long-winded and testy debate that exposed a clear rift among Republicans over property rights and the future of the state's agricultural dominance. The legislation that narrowly passed late Monday would prohibit the renewal of permits for a carbon dioxide pipeline, limit the use of such a pipeline to 25 years and significantly increase the insurance coverage requirements for the pipeline company. Those provisions would likely make it less financially feasible for a company to build the pipeline. Already passed by the House, the measure now goes to Republican Gov. Kim Reynolds' desk. A spokesperson for the governor said Tuesday that the governor's office is reviewing the bill. The legislation could force adjustments to Summit Carbon Solutions' plans for the estimated $8.9 billion, 2,500-mile (4,023-kilometer) project, which are already strained after South Dakota's governor signed a ban on the use of eminent domain — the government seizure of private property with compensation — to acquire land for carbon dioxide pipelines. The project received permit approvals in Iowa, Minnesota and North Dakota, but it does face various court challenges, and its application was rejected in South Dakota. The Iowa Senate, already operating in overtime as legislative session drags on, came to a halt after a dozen Republican state senators insisted that their leaders bring a pipeline bill to the floor. In response, Summit spokesperson Sabrina Zenor this month outlined the company's investment to date, saying that the company remained committed to building the project and to Iowa. 'Summit Carbon Solutions has invested four years and nearly $175 million on voluntary agreements in Iowa, signing agreements with more than 1,300 landowners and securing 75% of the Phase One route,' Zenor said in a May 1 statement. Zenor declined to comment Tuesday. Dozens of Summit employees and leaders and members of the Iowa Corn Growers Association, the Iowa Renewable Fuels Association and labor unions made a big showing as debate in the state Senate seemed inevitable. They told lawmakers that the project is essential for the future of Iowa's ethanol industry, for farmers and for construction jobs. The pipeline would carry carbon emissions from ethanol plants in Iowa, Minnesota, Nebraska, North Dakota and South Dakota to be stored underground permanently in North Dakota. By lowering carbon emissions from the plants, the pipeline would lower their carbon intensity scores and make them more competitive in the renewable fuels market. The project would also allow ethanol producers and Summit to tap into federal tax credits. A majority of the Iowa Senate 'turned their back on Iowa agriculture tonight,' Iowa Renewable Fuels Association Executive Director Monte Shaw said in a statement. 'For 25 years, Iowa has benefited greatly from being the most profitable place in the world to convert corn kernels into ethanol,' said Shaw, who predicts that there will be severe economic consequences if the legislation is signed into law. 'Iowa is poised to be left behind.' The pipeline's critics accuse Summit of stepping on their property rights and downplaying the safety risks of building the pipeline alongside family homes, near schools and across ranches. Lee Enterprises and The Associated Press reviewed hundreds of cases that reveal the great legal lengths the company went to to get the project built. In South Dakota, in particular, a slew of eminent domain legal actions to obtain land sparked a groundswell of opposition that was closely watched by lawmakers in Iowa as well. Tensions flared among the Iowa Senate's Republican supermajority, with senators openly criticizing one another and exposing the closed-door discussions that got them there. Thirteen Republican senators joined with 14 Democrats in voting in favor of the bill. Twenty-one Republicans and one Democrat voted against it. The Republicans who opposed it stressed that they, too, respect private property rights. But they said the bill has holes that will threaten any infrastructure development in Iowa, not just carbon-capture pipelines. They criticized the bill for drawing out the permitting process by muddying up the standards of public use, allowing anyone, anywhere to intervene, and creating unnecessary insurance disputes between the company and landowners that may be miles away. The bill's backers said those criticisms are overblown interpretations of the legislation and distractions from the issue at hand. Republican state Sen. Jeff Taylor, who supports the bill, said it would fundamentally ensure that companies respect the constitutional requirement for eminent domain. 'Both the Iowa Constitution and the federal Constitution specify what the requirement is for eminent domain: It's public use,' Taylor said. 'It's not anything else. It's not a positive business climate, it's not helping the agribusiness in the state, it's not the price of corn or helping the ethanol plants. It's public use.'
