Provincial Business

Redford heading to China energy trade forum

EDMONTON — Alberta Premier Alison Redford plans to go to China next month for a meeting with Asian energy business and political leaders.

Redford says in a news release that she will attend the Euromoney Canada-China Investors Forum on June 27-28 in Beijing. READ

Canadian Pacific searches for replacement CEO

CALGARY — The search for a new boss at Canadian Pacific Railway Ltd. is underway after an activist hedge fund succeeded in its months-long battle to oust CEO Fred Green, a 34-year veteran of the iconic Canadian company. READ

Enbridge announces a bevy of new oil pipeline expansion projects

CALGARY — Enbridge Inc. is spending billions on pipeline expansions geared toward moving more crude from Western Canadian and U.S. oilfield regions to eastern markets. READ

WestJet Airlines adds Korean Air to list of code-share partners

WestJet Airlines Ltd. said Monday it has added South Korea’s largest airline as its newest code-share partner. The agreement will allow Korean Air customers to seamlessly transfer onto more than 70 WestJet-operated flights. Tickets are currently available for flights beginning May 31. “We are very pleased to announce our agreement with Korean Air, a high quality, world-class airline,” said John MacLeod, vice-president of network management and alliances for WestJet. READ

Shell proposes B.C. LNG project alongside partners

CALGARY — Royal Dutch Shell PLC and three Asian partners plan to build a liquefied natural gas export terminal in Kitimat, B.C. that would connect Canada’s vast supplies with energy-hungry markets on the other side of the Pacific. READ

Alberta regulator reviews Maple Leaf bid

CALGARY — The Alberta Securities Commission says it has published orders following a review of Maple Group Acquisition Corp.’s proposed takeover and merger of TMX Group (TSX:X) with the alternative Alpha trading platform and CDS clearing house. READ

Nova strengthens bottom line

Nova Chemicals Corp. strengthened its bottom line during the first quarter of 2012. The company, which is headquartered in Calgary but has ethylene and polyethylene plants at Joffre, reported on Tuesday that it had a $191-million profit for the three months ended March 31. That was up 17 per cent from the $163 million earned in the same period of 2011. Nova’s revenues for the quarter were $1.34 billion, a three per cent increase from $1.3 billion recorded at the start of 2011. READ

TransCanada to reapply for Keystone XL imminently

CALGARY — TransCanada won’t confirm a report in the Washington Post that it will reapply for its controversial Keystone XL pipeline as soon as Friday. READ

WestJet taps Bombardier for new aircraft

CALGARY — WestJet Airlines has selected Bombardier to supply the propeller aircraft it requires for a new regional service, putting to rest speculation that the order would go to a European rival of the Montreal-based plane manufacturer. READ

New chief executive takes charge at Suncor

CALGARY — A new chief executive officer is now in charge of Canada’s largest energy company as Rick George officially handed the reins to chief operating officer Steve Williams at Suncor Energy Inc.’s annual meeting Tuesday. READ

Syncrude partner beats expectations

Canadian Oil Sands Ltd. (TSX:COS) is boosting its dividend by 17 per cent after reporting a first-quarter profit of $321 million and beating expectations. READ

Suncor first-quarter results beat estimates

Suncor Energy Inc. delivered first-quarter earnings Monday that beat analyst expectations and reported a drop in oilsands production due to a month-long unplanned upgrader outage. READ

Labour groups say foreign worker changes attack Canadian wages

EDMONTON — Labour groups are stepping up their attack on changes to regulations for temporary foreign workers, saying the adjustments will reduce wages for Canadians, make it tougher for union shops to bid for work and allow companies to cut training of local employees. READ