Thursday, December 18, 2014

Business

Shale gas not worth the risk, Quebec environmental agency says

MONTREAL — Quebec’s environmental review board has concluded that exploiting the province’s shale gas deposits is not worth the risk.
The agency’s highly anticipated report — released Monday — stated there are too many potential negative consequences to the environment and to society from extracting natural gas from shale rock along the St. Lawrence River.

Oil has fallen by nearly half, to recession levels, as US economy improves. Why, what to know.

NEW YORK — The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.

Crowdfunding turns tiny Canadian companies into booming international businesses

TORONTO — There was $1.3 million raised for high-fidelity wireless speakers, almost $1.2 million for specialty drones and $820,000 for smart-bikes.
In 2014, three tiny Canadian companies went from teetering in obscurity to making headlines on tech blogs around the world thanks to successful crowdfunding campaigns that spurred exponential growth almost overnight.

Federal government to hike next year’s transfers to Ontario by $1.25B

TORONTO — Ontario will receive an additional $1.25 billion from the federal government next year, following a concerted campaign by the premier to get Ottawa to hand over more money in transfers.
Premier Kathleen Wynne and her finance minister had complained that the federal government shortchanged the province in 2014-15 by $640 million when it unilaterally tweaked the transfer calculations.

Google among major US companies researching use of colour in business initiatives

NEW ORLEANS — Google is one of the major U.S. corporations researching the power of colour in the working world, in everything from workspaces to marketing and branding.

Vermont folk artist wins trademark protection for ‘eat more kale’ phrase

MONTPELIER, Vt. — A Vermont folk artist who became a folk hero to some after picking a fight with fast-food giant Chik-fil-A over use of the phrase “eat more kale” — similar to their trademarked “eat mor chikin” —has won his legal battle.

Sale of Oregon craft brewery to world’s largest brewer provokes backlash from beer drinkers

BEND, Ore. — The Facebook page of a local brewery lit up with condemnations: Loyal beer drinkers said the brewers were greedy “sellouts.” Some fans threatened to boycott the brand. One declared he would stop wearing a T-shirt promoting the beer.

Government tables pipeline safety act that makes companies liable for costs and damages

QUEBEC — The Harper government has announced legislation it says is aimed at enhancing Canada’s pipeline safety system.
Natural Resources Minister Greg Rickford says the new pipeline safety act builds on previous actions that have been taken to prevent incidents.

Obama ‘Colbert’ show appearance won’t have Canada’s oilpatch laughing

WASHINGTON — In the Monday night episode of “The Colbert Report,” the joke was on Canada’s oil industry.
That’s because the featured guest appeared to take a dig at the industry’s long-awaited, long-delayed Keystone XL pipeline project.
Unfortunately for project proponents, it just so happened that this skeptical guest was the man who controls its fate: U.S. President Barack Obama.

Resolute cuts jobs

MONTREAL—Resolute Forest Products Inc. is reducing its capacity for making newsprint at three mills—at a cost of 300 jobs overall.
The biggest impact will be at a mill in Iroquois Falls, Ont. that employs 180 people. It will close permanently Dec. 22.
The other 120 jobs are affected by the permanent closures of paper-making machines in Baie-Comeau and Clermont, Que.

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