CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA), Morgan Stanley Infrastructure Partners ("MSIP"), and Kineticor Asset Management ("Kineticor"), partners in the Greenlight Electricity Centre Limited Partnership ("Greenlight") (the "Partners"), congratulate Meta and the Province of Alberta on today's announcement of a major new data centre project in Alberta. Members of Pembina's leadership team joined Meta, Alberta Premier [Read more]
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Meta makes historic investment in Alberta
July 8, 2026 Meta will invest more than $13 billion in Alberta, creating thousands of jobs, generating new provincial revenue and supporting reliable, affordable electricity. On this page: Water Electricity Land Quick facts Related information Multimedia Meta has announced plans to build its first Canadian data centre in Alberta, representing an investment of more than $13 billion – one of the largest private-sector investments in Canadian history. The [Read more]
Meta to build C$13 billion Alberta data center, its first in Canada
Tech giant Meta announced Wednesday it will build a massive data center in central Alberta, the company's first in Canada, as it rapidly builds out computing capacity to support the global AI boom. The 1-gigawatt data center will be located in Sturgeon County and represents a total investment of C$13 billion, or $9.17 billion, Meta said. Meta has doubled down on AI, pledging hundreds of billions of dollars to build large AI data centers in the U.S. The Alberta announcement represents the [Read more]
Regional Assessment Begins of Potential Exploratory Drilling in the Canada-Nova Scotia Offshore Area
OTTAWA, ON, July 8, 2026 /CNW/ - The Government of Canada continues to advance regional assessments across the country while integrating its nature and economic agendas. These assessments will help support timely development decisions while protecting the environment. Today, the Impact Assessment Agency of Canada published the finalized Terms of Reference and is proceeding with the Regional Assessment of Oil and Gas Exploratory Drilling in the Canada-Nova Scotia Offshore Area. The Terms of [Read more]
How Iran’s ‘golden weapon’ of Hormuz became a bigger priority than its long-disputed nuclear programme
* Interim deal's wording fuels rival U.S.-Iran interpretations over who manages transit * Tehran once viewed shutting the waterway as a last resort * Iran won't start nuclear talks before Washington accepts its authority over the strait By Parisa Hafezi and Angus McDowall DUBAI, July 8 - Control over the Strait of Hormuz has become a "golden weapon" to Iran, for which it is willing to risk new escalations with the United States, and is a bigger priority than a nuclear programme for [Read more]
Chevron offers rival drillers its chemical technology to boost shale oil output
Chevron will allow rival oil producers to buy a chemical technology it developed to boost production from shale wells, the company said on Wednesday, as part of a broader push to increase U.S. oil output. The move comes as the U.S. shale industry, which transformed global energy markets nearly 20 years ago through the fracking boom, grapples with declining well productivity, which experts say is pushing companies either to drill more wells or adopt new technology to sustain output. Chevron [Read more]
Damaged Qatari LNG tanker awaits salvage after strike as Hormuz risks escalate
A Qatari LNG tanker was still stuck off Oman on Wednesday awaiting salvage operations, shipping data showed, a day after it was hit by a projectile, while the U.S. military said two other tankers had been targeted by Iran in recent days. The attacks on the tankers prompted Washington to revoke a licence allowing Iran to sell oil and U.S. forces to strike Iranian targets overnight. President Donald Trump said on Wednesday an interim agreement to end the war with Iran was "over", comments that [Read more]
Investors get inflation ‘wake-up call’ as Trump fires up oil prices
Global investors had a stark reminder of how quickly the oil market can reignite concern about inflation and volatility, after U.S. President Donald Trump said on Wednesday that an interim agreement with Iran to end the war "is over". Inflation-sensitive assets such as bonds and gold tumbled in the face of a 5% surge in oil. "It's a big wake-up call for markets," said Aneeka Gupta, director of macroeconomic research at Wisdomtree. The expectation had been "that we were likely to start [Read more]
Trump-Iran standoff threatens chronic Gulf oil instability: Bousso
The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return to normal after a bruising multi-month conflict. What was meant to mark the start of a fragile recovery following the June 17 memorandum of understanding between Tehran and Washington is instead evolving into a period of chronic instability, with each new incident reinforcing doubts over the security of one of the world's [Read more]
Some war insurers advise shipowners to pause Hormuz voyages after attacks, sources say
Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the U.S., insurance industry sources said on Wednesday. Tuesday's attacks on three tankers in the critical waterway prompted Washington to revoke a licence allowing Iran to sell oil and launch strikes on Iranian targets overnight. President Donald Trump said on Wednesday that an [Read more]
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