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Pengrowth Announces the Extension of Its Credit Facility

March 25, 2019

CALGARY, Alberta, March 25, 2019 – Pengrowth Energy Corporation (“Pengrowth” or the “Company”) (TSX:PGF, OTCQX:PGHEF), today announced that it has reached arrangements for the extension of the maturity date under its secured revolving credit facility (the “Credit Facility”) through September 30, 2019, subject to certain terms.

The Company’s $330 million Credit Facility (all amounts in Canadian dollars) is provided by a broad syndicate of domestic and international banks and had a scheduled maturity of March 31, 2019. The Company has executed an extension agreement (the “Extension Agreement”) to its Credit Facility, supported by 100% of the lenders in the syndicate, providing for the extension of the maturity date under the Credit Facility to September 30, 2019, by way of an initial extension to July 29, 2019 and two subsequent extensions to August 29, 2019 and to September 30, 2019, respectively, each of which will automatically become effective unless lenders with at least two thirds of the total commitments under the Credit Facility provide notice to the Company that such automatic extension will not apply in advance of the automatic extension dates.

The extension of the Credit Facility will provide support to Pengrowth while it undertakes its previously-announced process to explore and develop strategic alternatives with a view to strengthening the Company’s balance sheet, addressing upcoming debt maturities, and maximizing enterprise value.

About Pengrowth:

Pengrowth Energy Corporation is a Canadian energy company focused on the sustainable development and production of oil and natural gas in Western Canada from its Lindbergh thermal oil property and its Groundbirch Montney gas property. The Company is headquartered in Calgary, Alberta, Canada and has been operating in the Western Canadian basin for more than 30 years. The Company’s shares trade on both the Toronto Stock Exchange under the symbol “PGF” and on the OTCQX under the symbol “PGHEF”.

For investor and media inquiries please contact:

Tom McMillan
1-855-336-8814
Tom.McMillan@pengrowth.com

NT4

TransAlta Announces Strategic Investment by Brookfield Renewable Partners

Calgary, March 25, 2019 – TransAlta Corporation (“TransAlta” or “the Company”) (TSX: TA) (NYSE: TAC) announced today an investment by Brookfield Renewable Partners and its institutional partners (collectively “Brookfield”) that crystalizes the value of its Hydro Assets, enhances its financial position to execute its strategy, and accelerates the opportunity to return capital to shareholders. This investment will ensure TransAlta will transition to 100% clean energy by 2025.

Under the terms of the agreement, Brookfield will invest $750 million in TransAlta (the “Investment”) through the purchase of exchangeable securities (described below), which will be convertible into an equity ownership interest in TransAlta’s Alberta Hydro Assets in the future at a value based on a multiple of the future Hydro Assets’ EBITDA. In addition, Brookfield has committed to purchase TransAlta common shares on the open market to increase its share ownership in TransAlta to 9%. TransAlta will include two experienced Brookfield nominees, Harry Goldgut and Richard Legault, on its slate of directors for election at the upcoming 2019 Annual and Special Meeting of shareholders (the “2019 Meeting”). TransAlta and Brookfield intend to work together to complete TransAlta’s transition to clean energy, maximize the value of the Hydro Assets, and create long-term shareholder value.

TransAlta also announced today that Robert Flexon, former CEO of Dynegy, has agreed to stand for election at the 2019 Meeting, bringing with him critical leadership skills and experience from the independent power-producing industry in the US.

Investment Highlights

  • Significant $750 million capital injection – TransAlta will direct $350 million to advance the Company’s coal to gas transition strategy, up to $250 million to buy back shares over three years, and the remainder to advance the development of existing and new growth projects and for general corporate purposes. This funding, combined with internally generated cash flow, allows TransAlta to advance its coal-to-gas strategy, continue to grow, return some capital to shareholders, and meet its target of repaying the $400 million medium term notes due in November 2020.
  • Recognizes the future value of TransAlta’s Alberta Hydro Assets by valuing the company’s Hydro operations based on the higher cash flows expected to be generated following expiry of the Alberta power purchase arrangement in 2020, while still maintaining a majority ownership position and future upside for TransAlta and its shareholders.
  • Creates a long-term cornerstone shareholder – Brookfield’s long-term investment in exchangeable securities, combined with its share ownership in the Company, provides TransAlta with increased stability and support to execute on its strategy for the benefit of all shareholders.
  • Strengthens operating capabilities with the creation of a joint TransAlta/Brookfield operating committee with representatives from both companies to provide advice in connection with hydro operations to maximize the value of the Company’s Hydro Assets.
  • Accelerates return of capital to shareholders through the Company’s commitment to return up to $250 million to shareholders through share purchases within three years by way of a substantial issuer bid (“SIB”) or through the normal course issuer bid program.
  • Adds extensive renewables experience and expertise to the TransAlta Board of Directors – the addition of Harry Goldgut and Richard Legault will enhance and complement the current mix of skills, experience and tenure on the TransAlta Board.

RBC Global Asset Management Inc., TransAlta’s largest shareholder at 12.4%, is supportive of the strategic Investment and has committed to supporting TransAlta’s slate of director nominees at the upcoming 2019 Meeting.

“Brookfield’s investment is a strong endorsement of TransAlta’s strategy and future value,” said Dawn Farrell, President and Chief Executive Officer. “By crystallizing the value of our Hydro Assets, we can accelerate the return of capital to shareholders and invest in coal to gas conversions and strategic gas and renewable developments, while still meeting our goal to reduce senior indebtedness to $1.2 billion by the end of 2020. With Brookfield as a cornerstone shareholder, we are well positioned to invest in our business and increase value for shareholders.”

“We are pleased to partner with TransAlta to accelerate its transition to clean energy and support value creation for all shareholders,” said Sachin Shah, CEO, Brookfield Renewable Partners.  “We look forward to contributing our capabilities, particularly our long-term expertise in the hydro sector, to enable the company’s growth over the long-term.”

Ambassador Gordon Giffin, Chair of the Board of TransAlta, said, “In addition to capital and operating expertise, we are adding deep industry experience, expertise and fresh perspectives to our Board. Mr. Goldgut, Mr. Legault and Mr. Flexon have impressive track records in renewable energy, thermal energy, infrastructure and value creation in rapidly evolving electricity markets. Together, we will work to ensure TransAlta’s success as we transform the company into a clean energy leader.”

Harry Goldgut is a Vice Chair in Brookfield’s Renewable Power and Infrastructure Groups. Mr. Goldgut has played a key role in the acquisition of the majority of Brookfield’s renewable power assets and has been involved in the restructuring of the electricity market in Ontario as a member of the Electricity Market Design Committee and the Clean Energy Task Force.

Richard Legault is a Vice Chair in Brookfield’s Renewable Power Group and served as the CEO of Brookfield Renewable Partners until August 2015. During his 28 years at Brookfield, Mr. Legault led the development and expansion of Brookfield’s renewable business in North and South America, and Europe. He also served as CFO at Brookfield Asset Management from 2000 to 2001.

Robert Flexon was the President and Chief Executive Officer of Dynegy Inc. from 2011 until its acquisition by Vistra Energy Corp. in April 2018. Dynegy was a U.S. independent power producer engaged in the operation of power generating facilities and was previously listed on the NYSE.

Investment Details & Use of Proceeds

In concluding that the Investment is in the best interests of the Company and its shareholders, the TransAlta board of directors received the recommendation of its independent special committee formed to evaluate and oversee the negotiations of the transaction and the analysis and advice from its financial advisor, CIBC World Markets Inc., and its legal advisor, Davies Ward Phillips & Vineberg LLP.

Key terms of the agreement include:

  • The Investment will occur in two tranches, $350 million at closing, expected in May 2019, in the form of Exchangeable Debentures, and $400 million at a second closing in October 2020 in the form of Redeemable Preferred Shares (together, the “Exchangeable Securities”). Both securities will have an annual coupon rate of 7.0% and will be convertible into an equity interest in an entity holding the hydro assets after December 31, 2024.
  • After December 31, 2024, Brookfield has the right to exchange the Exchangeable Securities into an equity ownership interest in an entity to be formed that will hold the Company’s Alberta Hydro Assets, as follows:
    • The value of the Hydro Assets will be calculated based on a multiple of 13 times the average annual EBITDA generated by the Hydro Assets less $10 million per year of sustaining capex over the most recent three fiscal years prior to conversion, less an adjustment for tax, calculated in the manner specified in the exchangeable security provisions (“Hydro Assets’ EBITDA”).  The maximum equity interest Brookfield can own with respect to the Hydro Assets is 49%. Based on the Company’s estimates of the Hydro Assets’ future EBITDA, Brookfield’s $750 million is expected to convert into an approximately 30 – 35% interest in the entity holding the Hydro Assets.
    • If Brookfield’s ownership interest is less than 49% at conversion, Brookfield has a one-time option payable in cash to increase its ownership to up to 49%, exercisable up until December 31, 2028, and provided Brookfield holds at least 8.5% of TransAlta’s common shares. Under this top-up option, Brookfield will be able to acquire an additional 10% interest in the entity holding the Hydro Assets, provided the 20-day volume-weighted average price (“VWAP”) of TransAlta’s common shares is not less than $14 per share prior to the exercise of the option, and up to the full 49% if the 20-day VWAP of TransAlta’s common shares at that time is not less than $17 per share.
    • To the extent the value of the Investment would exceed a 49% equity interest, Brookfield will be entitled to receive the balance of the redemption price in cash.
  • If Brookfield chooses not to exercise its right to exchange its Investment as outlined above, TransAlta has the right after December 31, 2028 to redeem for cash all or any portion of the Exchangeable Securities for the original subscription price, plus any accrued but unpaid interest or dividends payable, provided the minimum proceeds to Brookfield for each redemption (other than the final redemption) is not less than $100 million and provided all Exchangeable Securities must be redeemed within 36 months of the first optional redemption.
  • Brookfield has agreed to increase its equity ownership in TransAlta from its current position of approximately 4.9% of the outstanding common shares, to 9% on the open market over two years following closing of the transaction, provided Brookfield is not obliged to purchase common shares of TransAlta at a price of more than $10 per share.
  • TransAlta has paid a non-refundable structuring fee of $7.5 million (1%) of the Investment to Brookfield on signing of the investment agreement. TransAlta has also agreed to pay an additional $15 million (2%) commitment (the “Commitment Fee”) upon closing of the first tranche of the Investment.
  • While Brookfield owns the Exchangeable Securities, it has the right to nominate two members for election to the TransAlta Board at each annual meeting of shareholders. If Brookfield’s nominees to the Board are not elected at the 2019 Meeting or any subsequent meeting, Brookfield’s obligation to increase and maintain its holding of common shares at 9% and its standstill and lock-up obligations (described below) will be suspended until the date that its nominees are elected or appointed to the Board.
  • Brookfield has agreed to standstill commitments for a three-year period from the date the first tranche is funded, with customary exceptions. It has also agreed to vote in favour of the Company’s director nominees and in accordance with any recommendations of the Board at any meeting of the shareholders of the Company, for a minimum of three years and subject to extension for so long as it has nominees on the Board.
  • Brookfield has also agreed to a lock-up which prohibits the sale of common shares or Exchangeable Securities, subject to certain exclusions, until December 31, 2023.
  • The Redeemable Preferred Shares are perpetual and will rank on equal footing with respect to all existing series of first preferred shares of the Company with respect to distributions and liquidation preference. The Exchangeable Debentures have a 20-year term, are unsecured and will rank subordinate to all existing and future secured and senior unsecured indebtedness of the Company, including the Company’s existing credit facility. The Company’s obligations under the Exchangeable Securities will not be guaranteed by any of its subsidiaries.
  • TransAlta and Brookfield will form a joint operating committee, for a period of six years, focused on optimizing the operations and maximizing the value of the Hydro Assets. The committee will consist of two Brookfield members, who are not nominees to the Board, with expertise in hydro facility management and two TransAlta members. Brookfield will receive a management fee of $1.5 million per year for six years as compensation for its work on the committee. TransAlta has the option to extend this arrangement for an additional two years.
  • The Investment is expected to close three business days after TransAlta’s 2019 Meeting, scheduled for April 26, 2019. The transaction is subject to certain customary closing conditions. In addition, if two or more directors (excluding the Brookfield nominees) are elected as directors at the 2019 Meeting who are not among the Company’s nominees recommended in the Company’s proxy circular for election to the Board at the 2019 Meeting, then the Company may elect to delay the first funding to a date that is not later than the 30th day following the date of the 2019 Meeting. If the Company elects to not proceed with the Investment, upon payment of the Commitment Fee, the agreement automatically terminates, and no party will have any liability to the other.
  • In accordance with good governance practices, the Board established a special committee of independent directors, comprised of Ambassador Gordon Giffin, Alan Fohrer and Beverlee Park (the “Special Committee”), to review, consider, and evaluate the proposed Investment, and make recommendations to the Board. The Special Committee and, ultimately, the full Board, unanimously concluded that the Investment is in the best interests of the Company and its shareholders.
  • In connection with evaluating and negotiating the proposed Investment and determining that the Investment is in the best interests of the Company and its shareholders, the Special Committee and the Board considered a number of factors and received and relied on analysis and advice provided by CIBC World Markets Inc. and Davies Ward Phillips & Vineberg LLP.CIBC’s advice included an analysis of (i)  the material financial terms of the proposed Investment, taking into account recent precedent transactions and comparable financings, securities or other transactions having features similar to the Investment, the implied value attributable to the equity interests in the Hydro Assets entity upon exchange of the Exchangeable Securities in certain circumstances, and the pro forma impact of a potential substantial issuer bid,  (ii) TransAlta’s funding options and capital needs, (iii) specific alternatives for the Company’s coal to gas conversion strategy, (iv)  other broader funding requirements, and (v) pro forma credit metrics arising from the financing alternatives considered and credit rating considerations.

Further Information

Additional details about the proposed Investment by, and TransAlta’s strategic arrangement with, Brookfield will be available in the Company’s material change report, available on www.sedar.com and www.sec.gov by March 26, 2019. A copy of the Investment Agreement will be included with the material change report. This press release is only a summary of certain principal terms of the Investment and is qualified in its entirety by reference to the more detailed information contained in our material change report and the Investment Agreement. Shareholders are urged to read those materials carefully.

As previously announced, the Company’s annual general and special meeting of shareholders is scheduled to be held at 10:30 a.m. (Calgary time) on April 26, 2019 at the TELUS Convention Centre in Calgary, Alberta. Shareholders are not being asked to take any action with respect to the 2019 Meeting at this time. The Company anticipates filing and mailing its Notice of Annual and Special Meeting and Management Proxy Circular for the 2019 Meeting by April 1, 2019, which will include full information concerning management’s proposed nominees for election to the TransAlta Board.

Conference Call Details

TransAlta will hold a conference call and webcast at 7:00 a.m. MDT (9:00 a.m. EDT) today, March 25, 2019, to discuss the strategic investment.  The call will begin with a short address by Dawn Farrell, President and CEO, followed by a question and answer period for investment analysts and investors.  Please contact the conference operator five minutes prior to the call, noting “TransAlta Corporation” as the company and “Sally Taylor” as moderator.

Dial-in numbers:

Toll-free North American participants call: 1-888-231-8191

Outside of Canada & USA call: 1-647-427-7450

A link to the live webcast will be available on the Investor Centre section of TransAlta’s website at http://www.transalta.com/powering-investors/events-and-presentations. If you are unable to participate in the call, the instant replay is accessible at 1-855-859-2056 (Canada and USA toll free) with TransAlta pass code 3238069 followed by the # sign. A transcript of the broadcast will be posted on TransAlta’s website once it becomes available.

About TransAlta Corporation:

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. We provide municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, we are one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. We are also proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.

For more information about TransAlta, visit our web site at transalta.com.

For more information:

Investor Inquiries: Media Inquiries:
Sally Taylor Phone: 1-855-255-9184
Manager, Investor Relations Email: ta_media_relations@transalta.com
Phone: 1-800-387-3598 in Canada and U.S.
Email: investor_relations@transalta.com

NT4

Federal finance minister visits Calgary as protesters rally for pipelines – Globalnews.ca

March 25, 2019

As Canadian Finance Minister Bill Morneau promoted the federal budget inside Calgary’s Fairmont Palliser hotel on Monday, protesters shouted “pipelines for Canada” across the street.

Signs read “Kill Bill C-69” in black lettering over a yellow background with Uma Thurman’s Bride character plastered on.

Bill C-69 would change how projects such as oil and gas pipelines are reviewed.

Non-partisan pro-oil group Canada Action organized the protest in hopes the minister will hear their pleas for energy sector support — specifically, getting the Trans Mountain project off the ground.

Read More: https://globalnews.ca/news/5093562/bill-morneau-calgary-pipeline-protesters/

Justice, education and child protection targets of Alberta Liberals’ Indigenous policy platform – Toronto Star

March 21, 2019

CALGARY—Alberta Liberal Leader David Khan announced his party’s Indigenous policy platform Thursday, promising fundamental changes to the way the province deals with Indigenous issues in justice, education, and more.

“Indigenous Albertans face systemic racism and the consequences of Canada’s colonial past,” said Khan. “Our plan will help address these issues.”

Read More: https://www.thestar.com/calgary/2019/03/21/justice-education-and-child-protection-targets-of-alberta-liberals-indigenous-policy-platform.html

It’s about bridging gaps’: First Nations seek solutions for Indigenous housing crisis – CBC

National conference focused on housing, community development and finding answers

Mar 22, 2019

First Nations advocates and housing industry leaders from across Canada gathered for the inaugural Restoring Our Sacred Space conference this week on the Tsuut’ina Reserve, just west of Calgary.

A set of panelists discussed issues surrounding the First Nations housing crisis, basic human rights to housing, and treaty rights.

The national gathering at the Grey Eagle Events Centre focused on exploring solutions to a lack of funding, government support and resources along with issues like health and safety.

Read More: https://www.cbc.ca/news/canada/calgary/national-indigenous-housing-conference-1.5066743

Elections Alberta: Writs Issued for the 30th Provincial General Election

March 19, 2019

EDMONTON – Alberta’s Chief Electoral Officer, Glen Resler, confirms that Writs were issued today to administer elections across Alberta. “I am pleased to implement new legislation for the general election that will provide electors with new and improved voting opportunities, such as an additional day of advance poll voting and the ability for all electors to vote at any advance poll location in the province, using our vote anywhere technology,” said Resler. Election Day is April 16, 2019.

Election Timelines:

  • 87 Returning Officer offices open today across Alberta – check Elections Alberta’s website for contact information.
  • For electors who are away during voting days, a mail-in Special Ballot is available beginning today.
  • Candidate nominations end at 2:00 p.m. on March 29, 2019.
  • Advance Polls run Tuesday, April 9, 2019 to Saturday, April 13, 2019 from 9:00 a.m. to 8:00 p.m.

Canadian citizens who reside in Alberta and are at least 18 years of age or older on Election Day are eligible to vote in the provincial general election.

Registering to vote can be completed right now through a self-service process online (voterlink.ab.ca) or by contacting the Elections Alberta Call Centre at 1.877.422.VOTE (8683). The online process requires an Alberta Driver’s License or Identification Card to authenticate the identity of the elector. No identification is required when updating your registration with the Call Centre. The Call Centre is open Monday through Friday from 8:15 am to 8 pm and weekends from 10 am to 4 pm.

Electors may also register at an advance poll or on Election Day by providing authorized identification containing their name and residential address in the electoral division. A list of authorized identification is on our website: https://www.elections.ab.ca/voters/id-required-to-vote/ (click on “Voters” and then click on “ID required to vote”).

New electoral boundaries are also now in effect and will be reflected on the personalized Where-To-Vote cards mailed out to each registered elector prior to the advance polls. More information can be found online at https://www.elections.ab.ca/resources/2019-boundary-maps/.

For more information about the Provincial General Election, visit www.elections.ab.ca, call toll free at 1.877.422.VOTE (8683), join us on Facebook or follow us on Twitter.

Elections Alberta is an independent, non-partisan office of the Legislative Assembly responsible for administering provincial elections, by-elections and referenda.

 

For media inquiries, please contact:
Pamela Renwick
Director, Operations and Communications
Suite 100, 11510 Kingsway Ave NW
Edmonton, Alberta T5G 2Y5
780-427-7191
Pamela.Renwick@elections.ab.ca

NT4

Alberta Métis Applaud Federal Budget for the Métis Nation

Edmonton, AB. (March 20, 2019) On behalf of the Métis Nation within Alberta, MNA President Audrey Poitras applauds Federal Budget 2019, which includes significant Métis Nation specific investments in the areas of health, education, and economic development, as well as important commitments to Métis self-government, land claims, truth and reconciliation, preservation of the Michif language, and to Métis veterans.

“Federal Budget 2019 demonstrates that the trust we placed in Prime Minister Trudeau and his new government four years ago was well placed. Over the last four years, we have worked in partnership with the federal government and have seen transformational budgets that have set a new course for our people in Alberta. Federal Budget 2019 did not disappoint,” said MNA President Poitras.

President Poitras added, “The MNA has always believed that education is key to our people’s success both individually and collectively. This Federal Budget includes a precedent-setting dedicated and ongoing investment in Métis Nation education. These investments will allow our young people to have opportunities their parents and grandparents never had; benefitting the Métis Nation for generations to come.”

In addition, Federal Budget 2019 includes a commitment of $50 million to enhance the Métis Nation’s existing capital corporations to increase Métis entrepreneurship in Alberta. “Our capital corporation—Apeetogosan—is a leader in funding assistance for Métis businesses that create jobs in this province. We are so pleased. This investment will allow our capital corporation to increase funding during this challenging economic time in Alberta.”

Federal Budget 2019 also included the following commitments benefitting Métis children, families, and communities in Alberta:

  • $516 million over ten years to support Métis Nation priorities.
  • $248.6 million over three years to continue to support access to mental health and emotional support services for Indian residential school survivors and their families.
  • $362 million over ten years committed to education funding for Métis citizens.

In the spirit of reconciliation, Federal Budget 2019 also allocates funds to support some of the Calls to Action brought forward by the Truth and Reconciliation Commission including:

  • $126.5 million in 2020-21 for the establishment and operation of a National Council for Reconciliation.
  • $33.8 million to develop and maintain the National Residential School Student Death Register.
  • $10 million over two years to support communities to recognize and commemorate the legacy of residential schools on the proposed National Day for Truth and Reconciliation.

“Personally, I am also very gratified to see the long overdue commitment of $30 million in Federal Budget 2019 to finally address the need to recognize our Métis veterans in a respectful manner.  This is a testament to the hard work of many who have always wanted our Métis veterans who have served this country with distinction, to be honoured,” concluded Poitras.

-30-

For more information about the Metis Nation of Alberta, please visit:

albertametis.com

Media contact:

Rolando Inzunza
Director of Communications & Citizen Engagement
780-455-2200 ext. 395
rinzunza@metis.org

NT5

After 25 Years AltaGas Founder and Chairman Steps Down from Chairman Role

CALGARYMarch 21, 2019  – AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. The new Chair, Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will remain on the Board, ensuring an orderly transition and continuity.

“After being completely dedicated to the development and growth of AltaGas for the past 25 years, I have decided to make time to pursue other interests and opportunities,” stated David Cornhill, Founder and Chairman of AltaGas. “With Randy Crawford, our new President and CEO being well-established, I felt this also affords AltaGas the opportunity to appoint a new Chair of the Board.

“I have total confidence that Pentti and Randy will deliver a bright future for AltaGas,” continued Mr. Cornhill. “I plan to continue to maintain significant holdings in AltaGas shares. I expect Randy, with the rest of the management team, will respect and continue to evolve the unique culture at AltaGas and deliver strong returns for shareholders.”

Mr. Karkkainen has more than 30 years of investment management, energy sector research and investment banking experience. Mr. Karkkainen was a co-founder and General Partner of KERN Partners, a leading Canadian, energy-focused capital markets and private equity firm, from 2000 to 2014, and was the firm’s Senior Strategy Advisor from 2014 until his retirement from the firm in 2015. Prior thereto, Mr. Karkkainen was the Managing Director and Head of Oil and Gas Equity Research at RBC Capital Markets.

“As incoming Chair, I am focused on maintaining the highest levels of corporate governance and independent oversight,” said Pentti Karkkainen. “I look forward to working with the Board, Randy and the rest of his management team to realize the full potential of AltaGas’ assets, while serving the interests of all our stakeholders.

“On behalf of the entire Board, I want to thank David Cornhill for his leadership, strategic insight and steadfast support of AltaGas,” continued Mr. Karkkainen. “What AltaGas accomplished under his leadership, first as CEO and then as Chairman, is truly remarkable. We are also deeply grateful for his complete and total commitment to the company over the past 25 years.

“Beyond David’s breadth of knowledge on the industry and the company, the trust and relationships he has built with Indigenous Peoples and partners – both domestically and overseas – have shaped and will continue to shape the future of AltaGas. We are fortunate that David will, in his capacity as a member of the Board, continue to be engaged with these key stakeholders,” concluded Mr. Karkkainen.

In conjunction with Mr. Karkkainen, an independent director, assuming the role of Chair, Neil McCrank will step down as Lead Director. As previously announced, Mr. McCrank, will not stand for re-election at AltaGas’ upcoming annual meeting, as he has reached the retirement age under the director retirement policy. Mr. McCrank has been a valued director of AltaGas since December 10, 2007 and has served in various capacities on the Board, including as Lead Director since 2016 and as Chair of the Governance Committee. He has brought a wealth of experience to his role, and in 2018 was instrumental in the recruitment of the new directors and the execution of the CEO succession plan.

About AltaGas

AltaGas is an energy infrastructure company with a focus on midstream, regulated utilities and power. AltaGas creates value by growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca.

NT4

New Cross-Canada Network Launches Today to Fight Racism and Xenophobia

EN: Syed Hussan, 416 453 3632, hussan@migrantworkersalliance.org
FR: Karen Cocq, 647-9708464, karen@migrantworkersalliance.org

Actions today on the International Day for the Elimination of Racism in Montreal (10am, 200 Rene Levesque) Halifax (4:30pm, Halifax Convention Centre), Toronto (5:30pm, City Hall) and Vancouver (6:30pm, 350 West Georgia). Actions in over a dozen cities this week updated here: http://migrantrights.ca/en/march21/

Canada – Actions are taking place in over a dozen cities this week from Halifax to Vancouver as part of the launch of the Migrant Rights Network, a new cross-Canada alliance to demand pro-migrant, anti-racist laws and policies, including permanent residence status for all. The Migrant Rights Network’s formation, in advance of the federal elections, has been given added urgency after the white supremacist attacks in New Zealand that left at least 50 Muslims dead.

“After decades of job loss, wage stagnation and service cuts, people across the country are increasingly worried about the future. Politicians are responding to this fear, not by raising wages or expanding public services, but by demonizing migrants and refugees,” says Syed Hussan from Migrant Workers Alliance for Change in Toronto. “This divisiveness has created a dangerous political environment, and must be stopped.”

Since the Quebec City Mosque shooting in 2017 that left 6 dead and served as a blueprint for the New Zealand shooter, police reported hate crimes have increased by 47% in Canada. At least 300 known white supremacist organizations are currently active across the country.

“CAQ won a majority after campaigning on an anti-immigrant and anti-Muslim platform. We will not allow federal political parties to repeat this disturbing and dangerous strategy,” says Niel La Dode from Immigrant Workers Centre in Montreal. “At the end of the day, we all want the same things: decent work, the ability to provide for our families, a life with dignity. The politicians and corporations who deny us these basic rights are the real problem, not migrants, not refugees, not undocumented people.”

Under current immigration policies, 700,000 people, over 70% of migrants who arrive in Canada each year, are shut out from basic services, such as healthcare and education, because of unfair temporary permits. This denial happens despite migrants and refugees paying for public services through municipal, sales and income taxes.

“The social safety net is being pulled away from us while corporations get massive tax cuts. Politicians want us fighting for scraps, and blaming immigrants for their economic mess. We can’t be distracted. We must demand the fundamental changes our communities need,” says Marco Luciano, of Migrante Canada from Edmonton.

The Migrant Rights Network is demanding permanent residence status for everyone, decent work and labour protections, universal access to social services, real gender and racial justice, and respect for indigenous self-determination. In addition, practices of displacement and persecution that force people to migrate including climate change, wars, corporate impunity and economic exploitation, need to be eradicated.

“Indigenous and racialized people suffer at every turn because of the systemic racism reflected in Canadian laws and policies. We do not want piecemeal reforms. It is time for fundamental changes,” says Stacey Gomez from Halifax. “No matter what issue you are concerned about, uniting against racism right now is our most urgent task.”

Women of colour continue to earn far less than white men. Black and Indigenous communities are unfairly targeted by police and imprisonment.

“Decisions made in Canada have directly led to the escalation of the climate crisis, political instability and the global displacement of peoples. We all have a moral responsibility to stop the Canadian government and corporations to continue profiting from unsafe mining, arms exports, and fossil fuel extraction,” says Chris Sorio from Migrante BC in Vancouver. “

Led by grassroots migrant and refugee groups, civil society organizations and labour unions, Migrant Rights Network will counter fake news about Canada’s immigration system and coordinate a national dialogue to create a Platform for Racial and Migrant Justice ahead of the federal election. All social, environmental and labour groups in Canada are invited to participate in this process.

Following the March 21 #UniteAgainstRacism mobilization, actions are also called for May 1, 2019 (International Workers Day); June 16, 2019 (Father’s Day & International Domestic Workers Day); and September 2, 2019 (Labour Day).

Upcoming #UniteAgainstRacism actions. Week of Action March 17 – 24.
More actions are being announced everyday, visit http://migrantrights.ca/en/march21/ for the latest listing.

March 21, 2019

HALIFAX – 4:30pm, Halifax Convention Centre
Stacey Gomez, 902-999-4458

MONTREAL – 10am, 200 Rene Levesque
Niel La Dode, 438-505-4820; Viviana Carol Velazquez, 514-342-2111

TORONTO – 5:30pm, Nathan Phillips Square
Syed Hussan, 416-453-3632

VANCOUVER – 6:30pm, Alma VanDusen Room, 350 West Georgia Street
Chris Perry Sorio, 416-828-0441

March 23, 2019

LETHBRIDGE – 12pm, City Hall

EDMONTON – 6pm, 11834 Kingsway Avenue – Note this event is a fundraiser
Marco Luciano, 780-966-5908

March 24, 2019

MONTREAL – 2pm, Saint-Laurent Station
Safa Chebbi, 438-497-4243

OTTAWA – 2pm, 166 Frank Street
Aimee Beboso, 613-255-1921

Migrant and racial justice organizations are coming together as the Migrant Rights Network to intervene in an increasingly divisive and alarmingly dangerous political environment.

THE MIGRANT RIGHTS NETWORK DEMANDS

STATUS FOR ALL, STATUS NOW: Permanent resident status and family unity for all migrants and refugees here, and landed status on arrival for those that arrive in the future. Replace Caregiver “pilot project” with a Federal Care Workers Program that provides landed status upon entry for Care Workers and their families. No detentions, no deportations!

DECENT WORK: $15 minimum wage, full labour rights and no employer specific or time limited work permits.

UNIVERSAL SERVICES: Full access to quality public services including healthcare, education, income security, childcare settlement services, pensions, and more for all residents.

JUST SOCIETY: Indigenous self-determination, gender justice, and an end to racism, particularly anti-Black racism and Islamophobia.

NO DISPLACEMENT: An end to practices of displacement and persecution that force people to migrate including climate change, wars, corporate impunity and economic exploitation.

NT5

McKay Métis ask Supreme Court of Canada to hear appeal on Rigel Oil Sands Project

FORT MCKAY, AB, March 21, 2019  – The McKay Métis are a pro-oil sands and pro-development Métis community located in the heart of the Alberta oil sands. It benefits greatly from the economic spin-offs related to oil sands development. The goal of the community is to participate in development that is responsible and sustainable, and also to protect what little remains for their members to exercise their rights to hunt and fish, and to connect with the land.

That is why the McKay Métis have taken the extraordinary step of asking the Supreme Court of Canada to hear an appeal of the Rigel oil sands project in a case that was filed this week. The Alberta Energy Regulator approved the project owned by Prosper Petroleum Ltd. This project would see the development of oil sands extraction in the Moose Lake Area, one of the few spaces of relative wilderness where McKay Métis members seek refuge from the intense development in the Hamlet of Fort McKay. The Moose Lake Area is central to the history and culture of Indigenous communities in Fort McKay.

Ron Quintal is President of the McKay Métis. Speaking to the filing he noted, “the Moose Lake Area is one of the last areas of untouched wilderness where my people have for generations hunted, trapped and fished year-round to feed ourselves, nourish our culture and traditions and preserve our history. I cannot stress enough the importance of this area to us. We have for years worked hand-in-hand with the energy sector to develop the oil sands responsibly, but with the understanding that the Moose Lake Area must not be threatened. We do not consent to a project that we know could have negative effects on our rights and the environment in this area. This is a line in the sand for us. And I think all reasonable Albertans would agree that while developing our resource is critical, there needs to be limits on development near sensitive areas. With Moose Lake, we are setting our limit.”

For further information: Morten Paulsen, 403.399.3377, morten@paulsengroup.ca

NT5

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