Take Stock_June 13

Several companies with Central Alberta operations are being recognized under the province’s EnvroVista program.

Companies recognized by EnvroVista program

Several companies with Central Alberta operations are being recognized under the province’s EnvroVista program. Ineos Canada Partnership’s linear alpha olefins plant at Joffre, Dow Chemical Canada’s and MEGlobal Canada’s chemical manufacturing facilities at Prentiss, Nova Chemicals’ petrochemical site at Joffre and Shell Canada Energy’s sour gas processing complex at Caroline are among the 27 facilities designated as EnvroVista leaders for 2009. Developed by Alberta Environment, EnvroVista is a voluntary facility-based program that rewards industrial and manufacturing facilities, as well as municipal water operations, for environmental leadership. To be eligible, a facility must have a minimum of five years of approved emissions performance, have an audited environmental management system in place and faced no Alberta Environment prosecutions during the past five years. EnviroVista leaders under the program must renew their status every year.


Oil Holds at US$72

Oil prices held above US$72 a barrel Friday in Asia, just below an 8-month high, as investors eyed signs a global recession may be easing. Benchmark crude for July delivery fell 62 cents to $72.06 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. On Thursday, it rose $1.35 to settle at $72.68, the highest since October. An improving crude demand outlook helped bolster prices.


Correction

The story headlined Equal footing that appeared in Wednesday’s business section contained incorrect information. The builders and renovators who belong to the newly created Canadian Alliance of Residential Builders spent an estimated $1.8 billion in 2008.

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