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Crane Co T.CR


Primary Symbol: CR Alternate Symbol(s):  CXT

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.


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Post by gonatgasgoon Oct 20, 2020 12:14pm
142 Views
Post# 31748383

Ottawa approves $2.3B expansion of nat. gas transportation

Ottawa approves $2.3B expansion of nat. gas transportationMust be good news.

https://globalnews.ca/news/7407321/nova-gas-expansion-ottawa-alberta/

The federal government has approved a $2.3-billion expansion of a natural gas gathering and transportation system in Alberta.

In a statement released early Tuesday, Natural Resources Minister Seamus O’Regan said expanding the NOVA Gas Transmission Ltd. (NGTL) system would create thousands of jobs and contribute about $1.2 billion to Alberta’s economy.

He said the decision to approve the expansion with 35 conditions was based on facts, science, concerns of potentially impacted Indigenous communities and wildlife considerations.

“We want good projects to get done, moving our natural resources to new markets and creating good jobs,” O’Regan said in the statement. “This means meeting our duty to meaningfully consult with potentially impacted Indigenous communities and addressing risks to the environment and species at risk, particularly.”

The NGTL system transports natural gas produced in the Western Canadian Sedimentary Basin to markets in Canada and the United States, and stretches throughout Alberta and into northeastern British Columbia.

The approved expansion will add 344 kilometres of new pipeline to the existing 24,568-kilometre system. The new pipeline will stretch from west of Red Deer to near Grande Prairie, Alta.

Click to play video 'Alberta government unveils new plan to support oil and gas recovery after rural municipality outcry' Alberta government unveils new plan to support oil and gas recovery after rural municipality outcry
Natural Resources Canada said the expansion will help facilitate Canada’s planned phase-out of coal-fired electricity by 2030.

O’Regan said the federal government’s conditions for the expansion include measures to help mitigate the disruption of the project’s construction on the local caribou habitat.

Under the condition, NGTL and its owner TC Energy must restore 3,840 hectares of caribou habitat, which Natural Resources Canada says is 30 times the size of the habitat impacted by the project.

An Indigenous Working Group must also be established under the conditions to assist with the planning of restoration and monitoring for the protection of the Little Smoky Caribou range.

TC Energy has yet to comment on the government’s approval.



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