Quebec's changes to EV quotas for automakers a step backward, advocates say
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Globe and Mail
13 minutes ago
- Globe and Mail
Blacksteel Energy Inc. Announces Further Amendment to Agreement for the Sale of Girouxville Assets
Calgary, Alberta--(Newsfile Corp. - July 9, 2025) - Blacksteel Energy Inc. (" Blacksteel" or the " Corporation") is pleased to announce that further to its press releases dated March 3, 2025, May 9, 2025 and June 10, 2025 outlining the sale by the Corporation and its 100% subsidiary Drakkar Energy Ltd. of all of its oil producing assets in the Girouxville Area to Perthro (Canada) Inc. (the " Proposed Transaction"), the parties have agreed to a third amending agreement dated July 9, 2025 (the " Third Amending Agreement"). Under the terms of the Third Amending Agreement, the parties have agreed to extend the closing date (the " Closing Date") of the Proposed Transaction to on or about July 23, 2025 with a long stop date of July 30, 2025. The parties have also agreed to adjust the base purchase price of the Proposed Transaction to $2,350,000 from $2,600,000 due to the loss of certain land and leases previously held by Blacksteel. The Proposed Transaction is subject to certain customary conditions and approvals, including approval by Blacksteel shareholders at a special meeting of shareholders scheduled for July 11, 2025, regulatory approval and normal course closing adjustments. Blacksteel is a junior oil and gas company that explores, develops, and produces petroleum and natural gas resources. Arthur Madden President and CEO (403) 473-8547 arthur@ Forward-Looking Information Cautionary Statement: This document contains forward-looking statements regarding the business and operations of Blacksteel. All statements other than statements of historical fact contained herein are forward-looking statements under applicable securities laws. In particular, statements about the Corporation's anticipated transactions are forward-looking. These forward-looking statements are based upon various assumptions. Forward-looking statements are frequently characterized by words such as "plan", "expect," "project", "seek," "intend", "believe", "anticipate", "estimate", "suggest", "indicate," and other similar words or statements that certain events or conditions "may" or "will" occur. The Corporation's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, and, accordingly, no assurances can be given that any of the plans, intentions or expectations anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Corporation will derive therefrom. Forward-looking statements include but are not limited to statements related to the completion of the Proposed Transaction, the proposed Closing Date, shareholder approval of the Transaction, regulatory approval of the Transaction and other statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with oil and gas exploration; risks related to the listing and maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drilling results; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; the possibility that future exploration and development results will not be consistent with the Corporation's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Corporation's prospects, properties and business detailed elsewhere in the Corporation's disclosure record. All subsequent forward-looking statements, whether written or oral, attributable to the Corporation or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Corporation does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
CTV News
18 minutes ago
- CTV News
CTV National News: What Trump's threat to impose copper tariffs means for Canada
Watch Donald Trump is threatening to impose a 50 per cent tariff on imported copper amid active trade talks between Canada and the U.S. Mike Le Couteur has more.
National Post
21 minutes ago
- National Post
Number of EV charging stations growing in Canada but gaps in network remain
An electric vehicle charging station powering up a Chevrolet Volt in Quebec. Photo by Postmedia/File OTTAWA — Canada continues to fall behind on efforts to build up a network of electric vehicle charging stations, even as the rising number of chargers along key corridors makes it easier for Canadians to take their EVs on longer trips, researchers say. THIS CONTENT IS RESERVED FOR SUBSCRIBERS Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. SUBSCRIBE FOR MORE ARTICLES Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors There are a little more than 35,000 charging stations across the country right now — well short of the 100,520 Canada needs to meet its policy goals for electric vehicles, researchers with the Montreal-based consultancy Dunsky Energy and Climate said in a report released last year. In a 2021 analysis commissioned by Natural Resources Canada, Dunsky estimated Canada needed 52,000 chargers by this year. It revised that target in a report released in February 2024 to take into account the need for charging infrastructure for commercial fleets and secondary roads. Get a dash of perspective along with the trending news of the day in a very readable format. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again According to the most recent data from Natural Resources Canada, 88 per cent of Canada's charging ports are in B.C., Ontario and Quebec — provinces which accounted for 92 per cent of new EV sales last year. Jeff Turner, director of mobility at Dunsky Energy and Climate, said the shortage of stations is hardest on EV drivers who live in multi-unit residential buildings and may rely on on-street parking. 'The analysis that we did puts a pretty strong emphasis on the importance of an equitable transition to EVs,' Turner said. 'And so we put a big focus on the need to support folks who can't charge at home.' The federal government issued a call for proposals for public and private EV charging stations last year and is expected to announce funding for those projects by January. Turner said that funding should boost the number of charging stations after the summer construction season ends. 'We're sort of in a bit of a waiting period for the most recent funding to really start to have a big impact,' he said. Turner said a growing number of charging locations along key highway corridors — particularly between Toronto and the Atlantic region — has made it easier for Canadians to take their EVs for longer trips. 'Folks really fixate on this idea of the road trip is the biggest barrier holding them back from switching to an EV,' said Turner, adding he drove from Montreal to Halifax twice last year in his EV. 'We're now at a point where most new EVs coming to the market can charge back up to 80 per cent in maybe 30 to 35 minutes. Some of the fastest-charging EVs could do that in under 20 minutes.' Starting next year, Ottawa will require that 20 per cent of all new light-duty vehicles sold be zero-emission vehicles, which include gas-powered plug-in hybrids. That benchmark is set to climb annually to reach 100 per cent in 2035.
