Thursday, November 30, 2023

BC

Coastal GasLink pipeline mechanically complete before year-end deadline

The Coastal GasLink pipeline that stretches across northern B.C. is mechanically complete ahead of the company's year-end deadline. 

A statement from TC Energy Corp. says history has been made by finishing Canada's first pipeline to the West Coast in over 70 years. 

The company announced in October that the installation of the pipe was finished, while mechanical completion means the end of construction, successful hydrotesting of the full 670-kilometre line and engineering reviews. 

The statement says Coastal GasLink's team is in the field getting ready to deliver gas to the LNG Canada processing and export facility in Kitimat, on B.C.'s northern coast. 

It says that while construction crews have been packing up, reclamation work still needs to be finished and some of the workforce will return next spring. 

Planning for the pipeline began a decade ago and the project has been delayed by protests, including train blockades by First Nations across the country. 

The pipeline was originally estimated to cost $6.2 billion, but that climbed to $14.5 billion in the most recent price tag released by TC Energy earlier this year. 

This report by The Canadian Press was first published Nov. 28, 2023. 

Labour shortages cost businesses $38B in potential revenue: CFIB report

BETTER PAY BENEFITS WOULD HELP

Canadian small businesses have lost more than $38 billion potential revenue because they had to decline contracts due to labour shortages, according to a new report from the Canadian Federation of Independent Business (CFIB). 

Businesses had to either turn down or postpone contracts or sales in 2022 because they lacked the workers to complete the jobs, the business group reported on Wednesday. The CFIB gathered data for the report by surveying 97,000 of its member businesses across Canada.

CONSTRUCTION MOST AFFECTED

Small operators in the construction sector lost the most business opportunities, the report highlighted, pegging the loss at $9.6 billion in 2022. 

"We always knew labour shortages came at a high price to small businesses," CFIB economist Laure-Anna Bomal said in a news release on the findings. 

“Staffing challenges cause employers to work more hours, reduce their hours of operation and decline services and contracts, simply because they can't find enough staff to fully operate their business.”

WHAT CAN BE DONE?

The organization suggested government policies that could help battle labour shortages, including work-integrated learning programs in high schools and labour mobility access programs. It also suggested a tax policy or tax credit to support “career extension”

"In the long run, the shortages will get worse, as will their costs, unless we change our labour market approach," Christina Santini, national affairs director at the CFIB, said in a written statement. 

"We urge governments to find innovative ways to increase participation in the labour market among all age groups.” 

Coinbase CEO praises Canadian regulators amid expansion

Coinbase CEO Brian Armstrong is bullish on the Canadian cryptocurrency landscape and its regulatory framework as the company begins its expansion into Canada.

In speaking at a fireside chat in Toronto on Tuesday to celebrate his company’s launch in Canada, Armstrong had high praise for Canadian regulators for making the guidelines simple.

“You're in a very lucky position that you have one federal regulator of both commodities and securities, in the U.S. that's turned into a bit of a jump ball,” he told those in attendance. “It's very political.”

“I think we just need sensible regulation and Canada has shown great leadership so far.”

In Canada, regulators treat cryptocurrency as a security, and companies entering the market must sign undertakings to comply with investor protections. The Ontario Securities Commission has issued a hardline on unregistered crypto exchanges, which ultimately resulted in FTX and Binance leaving the market.

“Canada can rightfully lord that over the U.S. that they are doing a better job creating regulatory clarity around crypto,” Armstrong said.

“I'll take some pointers home from this trip for our U.S. counterparts.”

Coinbase signed the undertakings in March and officially launched in Canada back in August. It has rolled out a partnership with Interac for e-transfer capability and the ability to withdraw Canadian dollars from their wallets.

There’s serious Canadian interest in crypto. A 2022 survey from the Ontario Securities Commission found that 31 per cent of Canadians intend to own crypto assets in the next year, while Coinbase ranks it as the third-most crypto-aware nation in the world.

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WHAT’S IN STORE FOR CRYPTO?

Coinbase started as a payments company, but shifted to a crypto trading in its early days. Armstrong believes the future still lies in payments, but processing delays need to come down before it will be adapted more widely.

“If you're going to a merchant, or you're going to some shop where you want to buy something, you don't want to be sitting there for five minutes waiting for the transaction to confirm,” he said.

“The aggressive milestone I've given the team is ‘How do we get these to under one second?’”

Armstrong also sees a reimagining of NFTs away from collectible art and more into a way for fans to support an artist or musician.

“Creative people, whether they're hosting a blog post, or they're a musician, or they're a video content creator, I think they're going to want to have a direct way to monetize with their fans,” he said.


Armstrong also sees a world in which crypto wallets such as Coinbase have built-in internet browsers, which would make crypto payments on the web much smoother.

“Self-custodial wallets in crypto may actually evolve to really be the next version of browsers, because it'll be the internet with an internet-native payment method built right in,” he said. “It's really incredible to think about that a lot of the commerce today does happen with people typing in this number from a credit card.”


Respondents to Bank of Canada questionnaire largely oppose creating a digital loonie

The Bank of Canada’s public consultations on the creation of a digital Canadian dollar reveal most respondents are opposed to it.  

The central bank released its findings Wednesday that show more than 80 per cent of respondents strongly opposed the Bank of Canada researching and building the capability to issue a digital dollar.  

The vast majority of respondents also said they do not trust the Bank of Canada to issue a secure digital currency. 

Among the top concerns was privacy, with many respondents valuing the anonymity associated with cash. Moreover, the questionnaire revealed low levels of trust in institutions to protect personal data. 

The central bank says it will explore options for a digital dollar where identification is not necessary for basic transactions, as is the case with cash.

The Bank of Canada noted the findings do not necessarily reflect the views of the overall public because participants self-selected to respond to the questionnaire. 

As more people go cashless, central banks around the world are researching the possibility of creating digital versions of currencies.  

A digital currency would be different from cryptocurrencies because it would be backed by the central bank and its value wouldn't change since it would be just another form of existing Canadian currency. 

In 2020, the Bank of Canada announced that it would build a contingency plan for the creation of a digital currency, should the need for it ever arise. 

While the public consultations aimed to gauge interest in a digital currency, the central bank said the decision to create a digital dollar is for Parliament to make. 

"Our responsibility is to ensure the Canadian payments system is ready for the economy of the future," Bank of Canada senior deputy governor Carolyn Rogers said in a statement. 

"The way people pay for things and use money is changing. If Canadians decide a digital dollar is necessary, our obligation is to be ready." 

Conservative Leader Pierre Poilievre has vehemently opposed the creation of a digital currency, proposing last year to ban the Bank of Canada from creating one.  

At the same time, he has previously promoted the use of cryptocurrencies and suggested it offered Canadians a way to opt out of inflation, though he has shifted away from the topic more recently.  

The central bank also sought out the thoughts of other stakeholders on the creation of a digital currency, including the financial sector and civil society organizations.

Financial sector stakeholders said they wanted more information on how a digital currency would work to better understand the implications for their business models.

The central bank says a digital currency would not pay interest, in order to mitigate the potential risk that a digital dollar would replace commercial bank deposits.

The Bank of Canada's engagement with civil society groups that advocate for Canadians with disabilities, consumers and low-income Canadians found these groups mainly supported a digital currency if its design would remove existing barriers.

This report by The Canadian Press was first published Nov. 29, 2023.

WORKERS CAPITAL

New Brunswick public sector pension plans to be transferred to shared-risk model

The New Brunswick government has introduced legislation to transfer five of its defined-benefit public sector pension plans to shared-risk plans, saying the move will ensure the sustainability of plans that have become unaffordable.

Premier Blaine Higgs says that under the legislation, the shift would be mandatory, meaning the proposed law would override provisions in collective agreements that guarantee union members a defined-benefit plan. 

Higgs says his Progressive Conservative government had tried to work out a deal with public sector unions, but he said it became clear the negotiations were headed nowhere as deadlines came and went.

The premier says the majority of government pension plans were shifted to shared-risk models 10 years ago, and since then the plans have performed well, adding 23 per cent to cost of living allowances since their inception.

By comparison, he says, the remaining defined-benefit plans — three of which he described as unviable — added between 16.5 per cent and 20 per cent to cost of living allowances.

The proposed change would affect 7,800 active pension plan members and would allow another 2,500 part-time employees to participate in a pension plan.

This report by The Canadian Press was first published Nov. 29, 2023.

Nasra.org

https://www.nasra.org/files/Spotlight/Risk%20Sharing%20in%20Public%20Retirement%20Plans.pdf

Traditional defined benefit pension plan featuring employee contribution rates that may change based on the plan's actuarial experience; a normal retirement age ...

Crr.bc.edu

https://crr.bc.edu/wp-content/uploads/2013/07/slp_33_508.pdf

Employer defined benefit pension plans have long advance. The Netherlands certainly offers one model been an important component of the U.S. retirement of risk ...

Vestcor.org

https://vestcor.org/wp-content/uploads/2014/02/Questions-and-Answers-actives-revised-Feb-10-2014.docx-Updated.pdf

There are two main reasons why defined benefit pension plans (the PSSA is a defined benefit pension plan) around the world are struggling with the issue of ...


Ottawa mulls removing 30% rule for pension fund investing

The federal government is looking at removing investing limits on Canadian pension funds buying into domestic companies.
 
As part of the fall economic statement, released on Tuesday, Ottawa said it is exploring the option of removing a 30 per cent cap on pension funds’ voting shares in corporations.
 
“The government will explore removing the '30 per cent rule' from investments in Canada. The 30 per cent rule restricts Canadian pension funds from holding more than 30 per cent of the voting shares of most corporations,” the fiscal document said. 
 
The change will also come with a transparency requirement requiring that all pension plan investments be disclosed to the Office of the Superintendent of Financial Institutions (OSFI), the document added.
 
Pension funds have “potential to boost Canada’s economy and create good careers for people across the country,” the government said in its economic update document.
 
One expert raised questions about how the changes will work in practice.
 
Bill Robson, chief executive officer of the C.D. Howe Institute, told BNN Bloomberg on Wednesday federal government could be addressing critics who say pension funds are not investing enough in Canada, Robinson said. 
 
However, the removal of the 30 per cent rule may not appeal to these types of investors, he added.
 
“If we want to see more investment in Canada by these big institutional investors, it’s not going to be through the public equity markets,” Robinson said. “I’m not sure about this direct ownership in a larger percentage. They need more of the kind of assets that they want to hold.”
 
He pointed to infrastructure, airports, roads and utilities as the preferred sectors pension funds like to invest in, but noted that a lot of these assets in Canada are government-owned.
 
Robinson argued that privatizing these kinds of projects would be more likely increase institutional investment.
 
“Suddenly you’d have this new very attractive asset class for these investors,” he said. 

A long-time Canadian institutional investor is in full support of removing the 30 per cent rule due to the benefits he thinks it will bring for pensioners. 

“It will have no impact in terms of incentivizing pension funds to invest domestically, but what it will do is return more money to pensioners,” John Ruffolo, founder and managing partner at Maverix Private Equity and former CEO of Omers Ventures, told BNNBloomberg.ca in a telephone interview on Wednesday. 

Pension funds already found legal mechanisms to get around the 30 per cent rule, he added, but they incurred costs to do so. 

“It really surprises me that it (the 30 per cent rule) stayed this long,” he added. 

One thing that caught Ruffolo's attention within the fiscal update proposal was the possibility of increased transparency for pension fund investments. 

"That rule is saying to the pension funds 'We can’t force you to invest more in Canada, but we’re kind of  watching,’" he said. 

 

Electric vehicle maker Lion Electric cutting 150 jobs to reduce costs


The Lion Electric Co. says it is cutting 150 jobs or about 10 per cent of its total workforce in a move to reduce costs and improve its ability to reach its profitability objectives.

Lion Electric chief executive and founder Marc Bedard says it was a difficult decision, but the right thing to do for the business.

The cuts affect workers in production overhead, manufacturing, product development and administrative functions, both in Canada and the United States.

Lion Electric designs and builds all-electric trucks, buses and minibuses. 

Earlier this month, the company, which keeps its books in U.S. dollars, reported a loss of US$19.9 million or nine cents per diluted share in its third quarter compared with a loss of US$17.2 million or nine cents per diluted a year earlier.

Revenue for the quarter ended Sept. 30 totalled US$80.3 million, up from US$41 million in the same quarter last year.

This report by The Canadian Press was first published Nov. 27, 2023.

 

Lawyer for pharma company argues against single trial in B.C. opioid damages case

Prescription pills

A lawyer for a pharmaceutical firm says holding a single trial in British Columbia to determine damages for each province and territory related to opioid health-care costs would be a "monster of complexity."

Gordon McKee, a lawyer for Janssen Inc. and Johnson & Johnson, told the B.C. Supreme Court that certifying Canadian governments as a class in their pursuit of damages against opioid makers isn't manageable or preferable compared with separate trials. 

McKee says the judge should not certify Canadian governments as a class in the case because it would "burden" B.C.'s justice system and have a negative affect on access to justice for other potential litigants. 

He says other courts in the past have recognized that some class-action lawsuits are "too big to certify," and there are enough separate issues in each province or territory that make a single trial unmanageable.

McKee says individual trials specific to each jurisdiction would be more suited and "appropriately spreads the burden" of the complex issues among provincial and territorial justice systems. 

A lawyer for the B.C. government asked the court this week to certify the class allowing provinces and territories to join their claims against the dozens of defendant companies, saying the actions are nearly identical claiming health care costs related to the opioid crisis that has killed or injured thousands of Canadians. 

This report by The Canadian Press was first published Nov. 29, 2023.


B.C. in court against pharma companies in bid to certify opioid class-action lawsuit

Prescription pills

The British Columbia government goes up against dozens of health care and pharmaceutical companies in court today in a bid to get certification for a class-action lawsuit over the costs of the opioid crisis.

It comes even after the Supreme Court of Canada agreed this month to hear a constitutional challenge by four of the companies who say a law allowing B.C. to recover costs on behalf of other governments is an overreach.

Those companies then went back to the Supreme Court of B.C. to seek a delay of the certification hearing while the high court rules, but the judge said an adjournment wasn't in the interests of justice.

The province began the legal odyssey in August 2018 by passing the Opioid Damages and Health Care Costs Recovery Act, seeking costs from firms alleged to have contributed to opioid addiction. 

B.C. declared a public health emergency in 2016 over the crisis, and since then nearly 13,000 people have died of overdoses in the province. 

The certification hearing is expected to last about four weeks and a civil trial would then have to be held to determine if the companies are liable for damages. 

This report by The Canadian Press was first published Nov. 27, 2023.

Federal politicians criticize Alberta Energy Regulator over oilsands leak, monitoring

Federal politicians have criticized the Alberta Energy Regulator at an environment committee meeting looking into two releases of oilsands wastewater at Imperial Oil's Kearl mine earlier this year. 

Liberal member of Parliament Adam van Koeverden tried to pass a motion expressing disappointment at the regulator's performance.

The motion, which wasn't voted on, also called for a study into the industry's health impacts, as well as safety audits for all oilsands tailings ponds. 

It followed a testy session that saw detailed questioning of Laurie Pushor, the head of the regulator. 

Pushor was asked repeatedly about evidence suggesting tailings are seeping from the ponds into groundwater.

He said some seepage is expected and managed.

Pushor said he couldn't offer much information while an internal investigation into the releases is underway.

Van Koeverden said after the meeting the motion was drafted out of frustration with Pushor's answers. 

This report by The Canadian Press was first published Nov. 28, 2023.


Alberta Energy Regulator reports runoff spill at Suncor's Fort Hills oilsands site


A spill of surface runoff from a containment pond at Suncor Energy’s Fort Hills oilsands site may have spanned more than a year, the Alberta Energy Regulator has announced. 

The regulator said that on Oct. 9, the energy company reported an “unplanned release” of around 662 cubic metres from the pond adjacent to Fort Hills into the Athabasca River. 

But on Nov. 24, Suncor informed the regulator that the spill was likely much larger than originally reported. 

"... Further investigation of this matter indicated the unplanned release volume may have been closer to 10,000 cubic metres," the regulator said a news release issued on Friday. "Suncor has also informed the AER that the unplanned release may have been in effect since June 2022 and believe the cause of the release is likely to be a faulty valve."

Suncor has taken water quality samples of the pond, the results of which indicate the water spilled into the river was “within release criteria parameters for discharge," the AER said. 

The pond the water was released from “is not related to mining, extraction or tailings processes, and contains precipitation and snow melt water," it said. 

Suncor also offered reassurances on Saturday that the water in question posed no threat.

"This water does not come into contact with any processes on our site," Suncor spokeswoman Jessica Depencier said in an emailed statement. 

She said testing in 2022 and 2023 showed the water in the collection pond met regulatory release criteria, and Suncor has "no evidence indicating any of the water that may have been released would not have met regulatory requirements. " 

The regulator said it visited the site and found the valve is not currently leaking, adding it will be reviewing sampling data from June 2022 through to November 2023. 

Depencier said the release was "potentially due to a valve that controls water flow from the pond to the river not being fully closed." The company confirmed the valve was completely closed on Oct. 9. 

She said Suncor company plans to "implement automated alarms to provide early awareness to changes in operating conditions."

Suncor and the AER have informed communities and stakeholders in the area, the regulator said, and Environment and Climate Change Canada has also been notified. 

This report by The Canadian Press was first published Nov. 27, 2023.

Poor Inuit housing 'direct result of colonialism': federal housing advocate


A federal housing advocate is accusing every level of government in Canada of failing to uphold the Inuit's right to housing — and therefore denying their human rights.

"The housing conditions that the Inuit inhabit are the direct result of colonialism and a staggering failure by successive federal, provincial and territorial governments over many decades," says a new report from Marie-Josée Houle.

"The level of distress cannot be understated, nor can the toll that being unhoused or precariously housed has on one's physical, mental and emotional health."

The human right to housing was recognized by Parliament in 2019 through the National Housing Strategy Act, which also saw the federal housing advocate appointed to ensure the government acts to make that right a reality.

For Inuit, the right to housing means having security of tenure, availability of basic services, affordability, and culturally appropriate dwellings.

Aluki Kotierk, president of Nunavut Tunngavik Inc., said none of Houle's finding are new for Inuit.

"We live with it," she said at a press conference in Ottawa on Monday.

She said she hopes that this time, Canadians will be forced to reckon with the findings of the report, such as how inadequate housing up North can affect someone's ability to be successful, finish schooling or take care of their health.

She noted the high number of youth in the Inuit population.

"Imagine if we were supported so that each of us could thrive, and how much we would contribute to Canada as a whole," she said.

Unfortunately, Inuit are right now "neglected," she said, struggling to make ends meet instead of thriving, sleeping on rotations in crammed houses, leaving school early and, at worst, taking their own lives.

To research the observational report about Inuit housing released on Monday, Houle travelled to northern communities on the invitation of Inuit Tapiriit Kanatami, the national organization that represents Inuit in Canada.

The non-partisan watchdog made the trip to hold discussions with community members and leaders in Nunavut and Nunatsiavut, in Labrador, in October of last year.

Her report paints a grim picture of what life in the North is like for Inuit.

It includes reference to one person in Nunatsiavut who burned down parts of their house to keep warm during the frigid winter months, and of people in Labrador who resort to sleeping in their cars or tents.

Houle found that in Happy Valley-Goose Bay, N.L., which has a population of just over 8,000 people according to the most recent census in 2021, the rate of homelessness was four times as high as that in Toronto and Vancouver in 2021-22.

The census found that more than half of Inuit living in their traditional territories lived in overcrowded housing, and nearly one-third were in homes that needed major repairs.

Those who do own homes in Nunatsiavut aren't necessarily in a better position, however, as Houle found there's a lack of accessible and affordable mortgages, along with home or tenant insurance.

According to the Nunatsiavut Executive Council, 78 per cent of the population cannot access home insurance.

The same issues are true for Inuit in Nunavut, where mortgages are tied to buildings and not land. This can lead homeowners to be left with high debts and no capital should their home burn down or be seriously damaged, Houle's report notes.

The housing advocate reported that some Inuit did not have water, sanitation or reliable access to heat or energy for their homes.

Washroom fixtures left in disrepair led to persistent leaks that increased water costs for some Inuit homeowners and led to moisture levels that provide an environment for harmful mould, Houle found.

The cold leads to its own set of problems.

For those with access to oil furnaces, the cost to operate a comfortable temperature indoors can cost up $57 per day in Nunatsiavut or up to $500 per week in Rankin Inlet, Nvt. — an expense some Inuit can't afford to pay.

In many northern communities, new housing simply isn't being built, Houle found.

Her report says the hamlet of Pangnirtung, Nvt., population 1,500, hasn't seen a new build in a decade. A single wait-list for public housing included 120 families as of March 2022, some of which had been on the list for more than 10 years.

In Rankin Inlet, where just under 3,000 people live, 15 housing units were built in 2022 and 20 units are planned for 2023, the report says.

But Houle heard that people feel abandoned.

The lack of stable housing is particularly difficult for those in need of mental health and addictions support.

And a "lack of long-term housing options continues to put Inuit women in Nunatsiavut at risk of having their children seized by the state," the report reads.

These problems are compounded by a high cost of living, high unemployment rates and a lack of access to daycare, Houle concluded.

The advocate also reported that overcrowding in Inuit housing is leading to the spread of tuberculosis and other viruses. Between 2015 and 2018, the rate of tuberculosis in traditional Inuit territories was more than 300 times higher than that of non-Indigenous Canadians.

NDP MP Lori Idlout, who represents Nunavut and serves as her party's Crown-Indigenous relations critic, says she hopes the report will reignite a conversation about the increasingly dire issue.

Idlout told the story of a young pregnant woman in Nunavut who knew she wouldn't be able to find housing for years to come. The woman chose suicide "instead of living with that reality," Idlout said.

It has been an uphill battle to advocate with the federal government to address the situation, Idlout said, adding she's already been trying for years.

"We're not being heard loud enough."

Houle's report includes a slew of recommendations.

She is calling on the federal government to transfer jurisdiction over Inuit housing programs to Inuit governments, and for all levels of government to recognize housing as a human right.

The report also says governments should work with Inuit regional organizations to develop addictions treatment plans, and to put adequate funding toward providing access to safe, adequate and affordable housing for all.

Idlout said the federal government "needs to realize how these investments could actually help Indigenous Peoples be the healthy, productive adults that they want to be so that they can contribute to Canada's economy. Because that's what we want to do."

This report by The Canadian Press was first published Nov. 27, 2023.

ALBERTA

Group opposes coal pit application until wastewater release probes complete

An environmental group says a coal company's application to deepen its open-pit mine shouldn't be considered while it's under investigation over wastewater releases into local rivers.

The Alberta Wilderness Association says CST Canada Coal in Grande Cache, Alta., must prove it can operate safely before the provincial regulator looks at its request. 

"Prior to any decisions on this application, the (association) respectfully requests (the Alberta Energy Regulator) complete the outstanding investigations of CST Canada’s operations and management," the group says in a statement to the regulator. 

CST Canada Coal operates open-pit coal mines in Grande Cache, about 430 kilometres northwest of Edmonton. In October, it applied for permits to deepen two of its pits by 155 and 210 metres. 

An approval would extend the mine's life by allowing it to reach about 3.3 million tonnes of steelmaking coal, company documents say.

But the wilderness association points out that three times within the last year, the CST mine has released large volumes of coal wastewater into the environment. 

On Dec. 29, 2022, more than 100,000 litres of coal wash water were released. On March 4, 2023, 1.1 million litres of tailings escaped into the Smoky River. And on June 19, heavy rains and regional flooding led to the release of an unknown amount of wastewater. 

Coal wastewater frequently contains selenium, a substance toxic to fish. 

The regulator has opened two formal investigations into CST, one for failing to meet the terms of its licence and one for failing to immediately report the release of a substance. 

"It is not environmentally responsible to approve further development of the No. 8 Mine until (the regulator) can enforce safe and efficient practices at CST Canada Coal," the association says. 

Inspectors from the regulator have also been on site this fall after three "rock-wall instabilities" in June, September and October — one of which partially buried a piece of heavy equipment and the operator inside it.

The association's statement concerns only the wastewater releases.

The regulator takes all factors into account when considering an application, said spokeswoman Teresa Broughton.

"All relevant operational performance and compliance history is considered during the application process," she said in an email. 

"We undertake a comprehensive administrative and technical review of all applications we receive to ensure the efficient, safe, orderly and environmentally responsible development of coal mining."

No representatives from CST responded to requests for comment. 

But the company has filed a response to the regulator over the association's concerns. 

"CST Coal takes matters such as these very seriously. However, CST Coal cannot comment on this matter as the investigation by the Alberta Energy Regulator into the alleged contraventions ... is ongoing," it says. 

The company added it is co-operating with the regulator's investigations and said the application is not connected to the wastewater releases. 

CST Coal is owned by CST Group, which is based in Hong Kong and incorporated in the Cayman Islands. It bought the mine in 2017 from the receiver after the previous owner, Grande Cache Coal, went bankrupt.

The mines are both open-pit and underground, company documents say. Most of its coal is exported to Japan, Korea and China.

CST employs about 300 people in Canada.

Its leases cover almost 30,000 hectares in the northwest Alberta foothills.

Air Transat flight attendants OK strike mandate if new contract cannot be reached

The union representing 2,100 flight attendants at Air Transat says workers have voted to approve a strike if they cannot reach a new contract with the airline.

The Canadian Union of Public Employees says the flight attendants voted 99.8 per cent in favour of backing the mandate.

Dominic Levasseur, president of the Air Transat component of CUPE, says the next few weeks of negotiations will be critical. 

Levasseur says it's still possible to reach a new contract without resorting to a strike, but the union's members have high expectations and are extremely motivated.

The collective agreement for the flight attendants based at airports in Montreal and Toronto expired on Oct. 31, 2022.

Air Transat is owned by travel company Transat AT Inc. 

This report by The Canadian Press was first published Nov. 27, 2023.