Billions tied up as oil projects shut in Alberta
About 7.7 billion dollars of oil projects in Alberta and the Northwest Territories were paused or canceled as weak prices hit development plans. Suncor delayed a 200 million oil sands project and a 470 million heavy oil expansion, while Gulf Canada Resources scrapped the Amauligak offshore venture in the Beaufort Sea.
MENTIONED IN THIS ARTICLE
Calgary
Alberta
Northwest Territories
Suncor
Ryan Moore
Gulf Canada Resources
Beaufort Sea
Bakker faces jail in PTL fraud case
In Charlotte AP reporting Jim Bakker and ex PTL aide Richard Dortch face charges of defrauding about 150000 contributors and using over 4 million dollars of donations to fund an extravagant lifestyle. Two other Bakker aides are indicted for alleged tax evasion. The grand jury says they used fraud to sell lifetime partnerships in the ministry theme park after a long investigation.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Jim Bakker
PTL
Bakker
Richard Dortch
Gorbachev heads to New York for arms control push
Soviet President Mikhail Gorbachev departed Moscow for New York with Raisa and top advisers to present a moderate foreign policy stance and press for rapid arms control progress under the incoming U.S. administration. He will meet George Bush and Ronald Reagan, address the UN, and visit Cuba and Britain.
MENTIONED IN THIS ARTICLE
Moscow
Mikhail Gorbachev
New York
U.S
Raisa
Vnukovo 2
Eduard Shevardnadze
Alexander Yakovlev
Vladimir Kamentsev
Gorbachev
New
Izvestia
Nikita Khrushchev
Gondola Warning Ignored At Sunshine Village
CBC reports a former Sunshine Village worker warned management two months before a gondola cabin detached and fell five metres injuring six and stranding over 200. The unnamed man alleged unqualified lift workers and was fired after resisting a demanded waiver of responsibility.
MENTIONED IN THIS ARTICLE
Banff
Alta
CBC
Sunshine Village
Rocky Mountain
Calgary
Sunshine
Ken Fiske
Alderman Warns Against Gas and Electric Utility Split
Medicine Hat alderman Kelly says he will oppose turning the city gas and electric utilities into a separate corporation. council should maintain hands on control to ensure residents are served with low rates and taxes. Sauer backs reviewing a business plan and possible corporate structure, while stressing that technical matters belong to the utilities administration.
MENTIONED IN THIS ARTICLE
Aid
Graham Kelly
Kelly
Ald
Ken Sauer
Council
Sauer
Medicine Hat
Utilities
City Council
GATT reform urged as costs of trade barriers rise
Montreal officials warned that taxpayers and consumers worldwide face higher prices if the 96 member countries do not free up global commerce. IMF chief Michael Camdessus said quotas and export subsidies shift costs to consumers and taxpayers as talks continue on reviving the 40 year old GATT. World Bank President Barber Conable noted a growing crisis as nations curb imports and service trade amid farm subsidy clashes between the US and EC.
MENTIONED IN THIS ARTICLE
Montreal
Michael Camdessus
International Monetary Fund
GATT
Camdessus
Barber Conable
World Bank
Hauling rules revised for gravel truckers in Alberta
Alberta Transport Minister Al Adair announced revisions to haul regulations for gravel truckers after kickback allegations. He stressed no criminal activity found but said changes aim to clear public perception. He noted kickback schemes can arise when workers accept below minimum rates and contractors bypass specs. Earlier, truckers claimed paying up to 25 percent to a middle man for government highway work near Grande Prairie. RCMP investigation continues with possible further revisions after it concludes.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
al Adair
Adair
Grande Prairie
Alta
RCMP
City sticks to money losing Gas City Campground plan
The city will keep the Gas City Campground for another year while seeking private bids. Aldermen Bauman and Flynn push for private operation after losses of 43,600 in 1987 and 43,400 in 1988, arguing a tender should begin but others fear a rushed process and risks to landscaping and quality.
MENTIONED IN THIS ARTICLE
Denise Helm
the News
Gas City
Bill Bauman
Lyle Flynn
Flynn
Community Services Committee
Council
Ald. Graham Kelly
Bauman
Free trade blamed for Catelli sale in Canada
The Catelli pasta business, including Catelli pasta sauce Habitant soups, is up for sale after John Labatt Ltd. announced the move. Analysts say free trade pressures and lack of scale hurt Catelli, with a $300 million asset value and potential bids from large U.S. food firms such as Campbell Soup Co. Ltd. of Toronto.
MENTIONED IN THIS ARTICLE
Toronto
Jacques Kavafian
Midland Doherty Ltd
Montreal
Kavafian
John Labatt Ltd
London
Ont
Catelli
U.S
Campbell Soup Co. Ltd
Canada
Also Mentioned on This Page
Gulf Frontier Development
John Loh
Fort McMurray
Moore
Fort Kent
Sheri Murphy-Wright
Gatt Meet
March
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