Inter Pipeline cuts dividend, exec pay, suspends bulk liquids storage sale
President and CEO salary will be reduced by 20%, all other executive salaries to be reduced by 10%.
Inter Pipeline shares lose some of last week’s takeover speculation gains
The bidder is likely a private entity with access to project funding at a lower cost than through public markets.
Federal government pledges $49M for $3.5B plastics project
Will help secure jobs and support the environmentally cleaner production of plastic products.
Alberta chooses two petrochemical plants for $500M in royalty credits
Pembina and Inter Pipeline said both facilities could potentially be operational in 2021.
Inter Pipeline to spend $1.35B on Williams’ Alberta assets
Deal includes a proposed $1.85-billion facility to turn propane into propylene pellets.