Ukraine Angry As Canada Suspends Free-trade Talks

In Canada’s north Atlantic, new oil frontier shows life beyond shale

Its burger rivals include McDonalds Corp, Burger King Worldwide Inc and The Wendy’s Co. A&W calls itself Canada’s second biggest burger chain with 791 outlets. It is separate from the U.S. restaurants that operate under the same name and it licenses the A&W trademarks from A&W Revenue Royalties Income Fund. A&W’s campaign comes as the way food is produced becomes an increasingly prominent issue for restaurants, grocers and consumers. Denver-based burrito chain Chipotle Mexican Grill Inc is one of the most well-known restaurant companies that uses organic ingredients and antibiotic-free meat when possible. “You see more and more companies trying to go that route,” said Steve West, a restaurant industry analyst at ITG, based in St. Louis. “We’ve seen hamburger chains in the past like Hardee’s and Jack In The Box realizing, ‘we can’t compete with McDonald’s and Burger King on this low-quality, cheap food – we’ve got to take it up a notch.'” Growth promotants help ranchers and feedlots raise more beef using less feed. The company has worked on its plan for 18 months, lining up suppliers in Canada, the United States and Australia. Senecal said A&W’s beef costs will climb, but it has no plans to raise burger prices. “I think we’ll get lots more customers and sell lots more burgers,” she said.

The first years of our collaboration show the experience and the determination of their teams to achieve all of our objectives”, says Mr. Bassam Sabbagh, Vice-President and General Manager of the Global 7000 and Global 8000 programme, Bombardier Aerospace. This Aerolia investment complies with the commitments made to the Quebec and Canadian Governments within the framework of public grant awards for the programme. “In accordance with the agreements signed in June 2012, 82 million dollars will be invested until 2018 and 140 direct jobs will be created. With this first phase of construction, 50% of the investments and recruitments are already on track. Our recruitment campaigns continue”, says M. Cornille. Fresh boost on Mirabel Finally, following an entrepreneurial approach, the Management of Aeroports de Montreal (ADM) set up a real dynamics for its new business model strategy. “Aerolia is proud to be the first customer of this new strategy. We wish to ADM large developments at our side and at the side of our industrial partners. The Mirabel site is indeed for us an open window on the North American markets”, concluded Christian Cornille.

This won’t be final until it’s approved and we will keep pushing forward.” Harper, who made the remarks at a Canadian American Business Council event, said he’s been in regular contact with President Barack Obama. Harper said it will create 40,000 jobs in the U.S. “The logic behind this project is simply overwhelming,” the prime minister said. Harper said politics has cast doubt on whether the pipeline will be approved but said he’s optimistic it will be approved. “Ultimately, over time, bad politics make bad policy,” he said. “The president has always assured me that he will a make decision that’s in what he believes is in the best interests of the United States based on the facts. I think the facts are clear.” The Obama administration is considering whether to approve the pipeline, which would carry 800,000 barrels of oil a day from Alberta across six U.S. states to the Texas Gulf Coast. A decision late this year or early next year. Republicans, and business and labor groups, have urged the Obama administration to approve the pipeline as a source of much-needed jobs and a step toward North American energy independence. Environmental groups have been pressuring President Barack Obama to reject the pipeline, saying it would carry “dirty oil” that contributes to global warming. They also worry about a spill. Obama’s initial rejection of the pipeline last year went over badly in Canada, which relies on the U.S. for 97 percent of its energy exports. The pipeline is critical to Canada, which needs infrastructure in place to export its growing oil sands production.

Aerolia Canada Develops in Mirabel

shale and the Alberta oil sands. Statoil says its discovery in the deep-sea Bay du Nord may contain up to 600 million barrels of recoverable oil, making it the third-largest find in Atlantic Canada and rejuvenating hope for an offshore region that was forecast to be in decline for the next several decades. Situated in an area known as the Flemish Pass basin, 500 kilometres (300 miles) off the coast of Newfoundland and Labrador, the discovery opens up a new frontier, one that oil majors Chevron and Royal Dutch Shell are also poised to probe. “For that region it’s certainly a significant find. Opening up a new area really lays the path down for growth in other parts of Newfoundland,” said Hugh Hopewell, senior analyst at Wood Mackenzie. While traditional drilling ventures have been overshadowed in recent years by the North American shale revolution and the booming Alberta oil sands, new frontiers like the Flemish Pass are adding to a growing consensus that the world is still flush with oil, even in areas long thought to be past their peak. Statoil’s nearby Mizzen find may contain up to 200 million barrels, and the Harpoon discovery, announced in January, is yet to be evaluated. The finds are modest compared to the multiple billions of barrels of oil now accessible thanks to horizontal drilling, hydraulic fracturing and oil sands development, but break the prevailing trend. Canada’s existing three offshore fields — clustered in the Jeanne d’Arc basin some 150 km to the southwest of the Flemish Pass basin — pumped just under 200,000 barrels per day in 2012, down from around 370,000 bpd at their peak in 2007. “When a discovery of this size is established, it’s most likely there will be others. Players in the industry who had the region on a back burner will start looking at it more seriously now,” said Fadel Gheit, oil analyst at Oppenheimer & Co. In its latest forecast the Canadian Association of Petroleum Producers (CAPP) had expected eastern Canadian production to fall to 90,000 bpd by 2030, after reaching 250,000 bpd in 2025. In the short-term, output will be aided by the 2017 start-up of ExxonMobil Corp’s Hebron field. NEXT UP Just how much oil is in the region will not be clear for years. Statoil said it may not be able to return to the region to drill more wells until 2015 because of rig availability; as rival drillers move in, it will be harder to get hold of the labour and winterized rigs essential to operate in the North Atlantic.

Canada PM Won’t Accept US Rejection of Keystone XL

Yanukovych was elected Ukrainian president in 2004 but the court ruled his election as fraudulent. He was forced to give up power. Meanwhile the Orange freedom movement, led in part by Yulia Tymoshenko , was gaining ground. Tymoshenko became the first female prime minister of Ukraine in 2005. Then in 2010, she ran for president but lost to Yanukovych. In 2011, Tymoshenko was jailed for abuse of office charges, which she has called absurd and politically motivated. This November, the European Union is poised to sign a number of agreements with Ukraine, including a trade agreement, but the EU wants Tymoshenko freed so she can seek medical treatment in Germany. Before Fasts letter appeared, Prystaiko said they tried several times to get an answer as to why talks surprisingly shut down in May. First they told us, you know, we arent suspending, we are sort of postponing because everyone is busy, the summer is coming, lets do it later. Then we see a letter coming from minister to minister. That is a different story, Prystaiko said. Many trading partners, including the United States, Australia and the EU were not impressed with Ukraines move at the WTO. Canada is the only country to act, Prystaiko said. If Canada wasnt serious about an agreement, Prystaiko wonders why they bothered to start negotiations in the first place. Nearly one million Canadians are of Ukrainian background, he said, adding the two countries have a history and should be natural trading partners.