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.