Jesse Snyder

Detroit

Alberta Correspondent at The Logic

Energy and business reporter @the_logic

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Articles

Trump-less G7 summit produces consensus on AI, quantum and critical minerals

1 week ago | thelogic.co | Joanna Smith |Jesse Snyder

KANANASKIS, ALTA.— U.S. President Donald Trump was mid-flight when he suggested the conflict between Iran and Israel was not the only reason he left the Group of Seven summit one day early, thwarting leaders seeking face time with the self-appointed dealmaker and disrupting the carefully laid plans of his Canadian host. “We did everything I had to do at the G7,” Trump told reporters Monday aboard Air Force One.
G7 plan calls for secure corridors and standardized markets for critical minerals

1 week ago | thelogic.co | Jesse Snyder |Joanna Smith

KANANASKIS, Alta. — Group-of-Seven leaders intend to create “economic corridors” for critical minerals and enforce standardized markets as part of an effort to combat China’s dominance in the space, according to a draft strategy obtained by The Logic. The agreement as written expands on a five-point plan the G7 established in 2023.
G7 summit gives Carney a chance to shine—or just survive - The Logic

2 weeks ago | thelogic.co | Joanna Smith |Jesse Snyder

Group of Seven leaders are meeting next week in Kananaskis, Alta., against the backdrop of global trade uncertainty, geopolitical strife and elevated energy security concerns. Political insiders, business leaders and analysts say this year’s summit comes at a critical economic juncture, both for Canada and its allies.
B.C. regulator greenlights critical gas pipeline

3 weeks ago | thelogic.co | Jesse Snyder

The province’s Environmental Assessment Office on Thursday maintained its permit for the proposed Prince Rupert Gas Transmission (PRGT) project, a 900-kilometre link between northeastern B.C. gasfields and the proposed Ksi Lisims export facility, the site of which The Logic reported from in April as part of its election coverage. (The Logic)Talking point: This is a key milestone for the project, and one that’s long been in the works.
Global oil and gas investment to fall in 2025

3 weeks ago | thelogic.co | Jesse Snyder

The Paris-based International Energy Agency expects upstream fossil fuel spending to fall six per cent this year, marking the first decline since the COVID-19 pandemic. Global refinery investment is expected to slide to its lowest level in a decade. (The Logic)Talking point: In Canada, investment in liquified natural gas will counter potential drops in other parts of the sector, the IEA said.
Feds back geothermal firm Eavor for second time in $138M deal

3 weeks ago | thelogic.co | Jesse Snyder

The Canada Growth Fund, a $15-billion federal agency with a mandate to back decarbonization tech, committed $89 million up front and another $48 million if Eavor meets certain milestones. (The Logic)Talking point: Wednesday’s funding announcement followed a $90 million investment from CGF in 2023, when it participated in Eavor’s Series B fundraising.
Petronas reportedly selling Canadian assets for estimated US$7B

3 weeks ago | thelogic.co | Jesse Snyder

The Malaysian energy giant is working with a financial advisor to seek out potential buyers, Bloomberg reported, citing anonymous sources. The company owns a 25 per cent stake in the LNG Canada project in B.C. (Bloomberg)Talking point: Petronas has posted shrinking profits as it grapples with low commodity prices. Its assets in Canada would be highly sought after.
Strathcona Resources officially launches $5.9B MEG Energy hostile takeover bid

4 weeks ago | thelogic.co | Jesse Snyder

The company sidestepped MEG management and went directly to shareholders with an offer to pay $4.10 and 0.62 Strathcona shares per MEG share, according to a circular filed on Friday. Strathcona’s offer, first proposed earlier this month, represents a 9.3 per cent premium to MEG’s May 15 closing price.
Manitoba declares state of emergency as wildfires rage

1 month ago | thelogic.co | Jesse Snyder

The town of Flin Flon—with a population of around 5,000—and the Pimicikimak and Mathias Colomb First Nations received a mandatory overnight evacuation order as fires spread across the province. (The Logic)Talking point: This is the “largest evacuation Manitoba will have seen in most people’s living memory,” Premier Wab Kinew told reporters, as more than 17,000 people were forced to leave their homes.
WestJet’s CEO says government air travel fees are a ‘self-inflicted’ wound

1 month ago | thelogic.co | Jesse Snyder

CALGARY — WestJet CEO Alexis von Hoensbroech said layers of federal fees and taxes are raising airline travel costs in Canada, a burden he said was hampering the country’s efforts to fend off U.S. trade threats. At a Calgary Chamber of Commerce event on Tuesday, von Hoensbroech said a combination of sales taxes and other fees add roughly $133 to every flight Canadians buy, while comparable fees and taxes in the U.S. add up to $49.