Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > Canada to hold supply-chain summit after flooding disaster
View:
Post by Betteryear2 on Dec 12, 2021 7:12pm

Canada to hold supply-chain summit after flooding disaster

OTTAWA, Dec 12 (Reuters) - In the aftermath of disastrous floods last month that cut off Canada's main port, Ottawa will convene a summit of industry figures and shippers to discuss strengthening supply chains, a government source said on Sunday.

The event will take place in early 2022, said the source, who requested anonymity because the person is not authorized to speak to media about the event.

Canadian transportation supply chains have been badly hit by the COVID-19 pandemic and the floods and landslides in the Pacific Coast province of British Columbia.

The summit will bring together shippers, ports, terminals and the railway and trucking sectors as well as organizations that run critical infrastructure to discuss how to ensure the supply chains can recover fully and make them more resilient, the source said.

Floods and landslides temporarily cut tracks into Vancouver operated by Canadian National Railway Co and Canadian Pacific Railway Ltd. The province declared a state of emergency and rationed gasoline.

The majority of Canadian exports, which account for nearly one-third of the country's GDP, travel to the Pacific coast to reach Asian markets.

The supply-chain route relies on two rail lines and a handful of highways through the Rocky Mountains and rugged British Columbia interior to Vancouver. Experts say building new tracks or roads would not be practical.

One option could be to reduce reliance on Vancouver and make more use of the smaller port at Prince Rupert, in northern British Columbia, which plans to increase its container capacity by one-third by 2023. (Reporting by David Ljunggren; Editing by Peter Cooney)

https://www.reuters.com/markets/commodities/canada-hold-supply-chain-summit-after-flooding-disaster-source-2021-12-12/
Comment by Maxmoe on Dec 12, 2021 11:51pm
The writer better fact check. By far, the majority of our exports go to the USA. Not the pacific coast, and not Asian markets. I'd wager, more goods travel Windsor/Detroit than are exported by BC to Asian markets   " The majority of Canadian exports, which account for nearly one-third of the country's GDP, travel to the Pacific coast to reach Asian markets."
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities