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Imperial Oil Ltd
Symbol IMO
Shares Issued 472,011,797
Close 2026-10-30 C$ 193.48
Market Cap C$ 91,324,842,484
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Globe says Cenovus hears Roberts Bank boosting output

2026-11-02 08:00 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Saturday edition that Ottawa listed a $5.9-billion West Coast port expansion on Friday as a project of national interest, the second large development to be afforded a fast-track approval process under legislation passed by the government of Prime Minister Mark Carney. The Globe's Jeffrey Jones writes that Roberts Bank Terminal 2 in Delta, B.C., is aimed at increasing the port's container capacity by 50 per cent and supporting up to $100-billion in annual trade, the federal government said in a statement. The expansion is led by the Vancouver Fraser Port Authority. With the designation, the three-berth container terminal is expected to get a final investment decision by the middle of next year. This is the second major project to be given the coveted designation under the Building Canada Act after the Pacific Link oil pipeline, which was listed at the start of October. The pipeline project would ship one million barrels of Alberta oil a day to the same area of the port expansion south of Vancouver. It is slated to have its approval process completed by Sept. 1, 2027. The objective is to bolster Canadian sovereignty against President Donald Trump's trade war and sovereignty threats.

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