Business

Imperial Sells Gas Stations to 7-Eleven, Others for $2.1 Billion

Imperial Oil will sell its remaining gas stations to five Canadian distributors for C$2.8 billion ($2.1 billion) as the oil producer focuses on its main oil-sands and refining businesses.

Jeremy Van Loon | Bloomberg News
March 9, 2016
Business

Canadian Refinery to Lower CO2 for Diesel Below US Average

North West Upgrading Inc., which refines Canadian bitumen into diesel, aims to lower emissions of the fuel below the average of U.S. producers in a bid to help the oil sands overcome its negative image, CEO Ian MacGregor said.

Jeremy Van Loon | Bloomberg News
October 8, 2015