Daily News

Major oil spill could cost Vancouver's economy $1.2 billion: city report

Vancouver’s economy could suffer a $1.2-billion blow in case of a major oil spill caused by Kinder Morgan’s Trans Mountain pipeline expansion, concludes a new report released by the city.
May 22, 2015 4:12PM

Urgent need for action on climate change, Suncor Energy CEO says

Despite not having all the answers on climate change, there is a pressing need to take action, Steve Williams, president and CEO of Suncor Energy, said in his keynote address at a panel discussion about the future of Alberta’s climate...
May 22, 2015 3:31PM

PartnerRe asking shareholders to approve merger with Axis Capital

PartnerRe Ltd. announced Friday it plans to "proceed to shareholder approval" of a proposal to merge with competitor Axis Capital Holdings Ltd., but Italian investment firm EXOR S.p.A. argues that EXOR’s all-cash US$6.8-billion offer to...
May 22, 2015 2:16PM

Many private companies in the dark about cybersecurity vulnerabilities, suggests PwC Canada report

While 88% of private companies in Canada “agreed or strongly agreed” that cybersecurity is an important issue for their organization, firms are in the dark about what they need to do, where their vulnerabilities lie and what to do...
May 22, 2015 1:50PM

Operator of California coastal oil pipeline says it could take months to find cause of spill

GOLETA, Calif. - The operator of a broken oil pipeline that fouled a California shoreline says it could be weeks or even months before investigators are able to determine what caused the break and subsequent spill.
May 22, 2015 11:21AM

Canadian organizations should look beyond country's borders to see where cyber security regulation could go

Canadian organizations currently have it “fairly easy” with respect to cyber security regulatory requirements, but should expect that at least some of the changes now unfolding elsewhere will eventually become part of this...
May 22, 2015 11:02AM

B.C. fire crews battling five new wildfires

The Wildfire Management Branch (WMB) of British Columbia’s Ministry of Forests, Lands and Natural Resource Operations reported on Thursday that it is responding to five new wildfires in the Prince George Fire Centre. The blazes come at a...
May 22, 2015 9:58AM

U.S. safety agency starts process to take over management of Takata air bag recall

DETROIT - Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can be fixed faster.
May 21, 2015 4:17PM

Four events accounted for majority of estimated cat losses in April: Allstate

Four wind/hail weather events accounted for more than 90% of Allstate Corporation’s estimated catastrophe losses for April, the insurer reported on Thursday.
May 21, 2015 3:53PM

New study assesses flood preparedness in 15 Canadian cities

Ottawa leads the pack of 15 Canadian cities in flood preparedness, according to a new study commissioned by The Co-operators.
May 21, 2015 3:03PM

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