Editor in Charge, Commodities and Energy, Washington
Russ's Feed
Dec 9, 2012

Canada won promises from China in backing Nexen deal – minister

TORONTO (Reuters) – Canada wrested “significant” commitments from China’s CNOCC on issues of corporate governance and transparency as part of its approval of the acquisition of a swath of Canada’s valuable oil sands reserves, Industry Minister Christian Paradis said on Sunday.

Defending the $15.1 billion takeover of Nexen, one of Canada’s largest independent oil companies, in the face of grumbles from the left, Paradis said that Canada won “significant undertakings” from CNOOC.

Oct 31, 2012

Top Canadian book prize awarded to humorist, travel writer

TORONTO, Oct 30 (Reuters) – A humorist, travel writer and
novelist who penned a fictional tale about the inner workings of
Nigerian email scams won Canada’s most prestigious and lucrative
literary prize on Tuesday.

Will Ferguson won the C$50,000 ($50,000) Scotiabank Giller
prize for his novel “419,” published by Penguin Canada.

Oct 16, 2012

Ontario premier resigns, says party needs renewal

TORONTO, Oct 15 (Reuters) – Ontario Premier Dalton McGuinty
announced on Monday he was resigning as head of Canada’s most
populous province just one year after winning a third successive
term, saying it was time for a renewal in leadership.

McGuinty said he would stay on until his Liberal party found
a successor.

“After 16 years as leader of the Ontario Liberal Party and
after nine years as premier, it’s time for renewal, it’s time
for the next Liberal premier,” McGuinty said.

Oct 14, 2012

Canada’s XL Foods reverses layoffs at plant hit by tainted beef

TORONTO, Oct 14 (Reuters) – The company responsible for one
of the biggest beef recalls in Canadian history on Sunday said
it was recalling 800 workers just a day after a mass layoff had
jeopardized its efforts to resume production.

XL Foods said on Saturday it was laying off 2,000 workers at
its Brooks, Alberta plant, prompting the Canadian food
regulatory agency on the same day to announce it could not
complete its safety assessment if the plant was not in
production.

Oct 14, 2012

Canada’s XL Foods plant in limbo over tainted beef

TORONTO, Oct 14 (Reuters) – Production at the plant
responsible for one of the biggest beef recalls in Canadian
history remains in limbo after the operator announced it was
laying off 2,000 workers and the federal regulatory agency said
it could not complete its safety assessment.

XL Foods was given the green light to resume beef production
at its Brooks, Alberta plant last Thursday under the close
inspection of the Canadian Food Inspection Agency, or CFIA,
after a massive recall of beef suspected of being tainted with
the E. coli bacteria.

Oct 1, 2012

Frank Gehry to pilot remake of Toronto’s theater district

TORONTO, Oct 1 (Reuters) – Toronto’s theater district and
the skyline of Canada’s biggest city will be transformed by star
architect Frank Gehry as a tribute to the city in which he spent
his childhood under an ambitious plan unveiled on Monday.

The project, the brainchild of Canadian theater impresario
and arts patron David Mirvish, involves erecting three
condominium towers 80 to 85 stories tall.

Oct 1, 2012

Frank Gehry to pilot remake of Toronto’s entertainment district

TORONTO, Oct 1 (Reuters) – Toronto’s theater district as
well as the skyline of Canada’s biggest city will be transformed
by star architect Frank Gehry as a tribute to the city in which
he spent his childhood under an ambitious plan unveiled on
Monday

The project, the brainchild of Canadian theater impresario
and arts patron David Mirvish, involves erecting three
condominium towers, each 80 to 85 stories high. At the base of
the buildings will be two six-story podiums that will provide
retail space, seminar rooms and lecture halls. Two new museums
will be constructed, including one to house a contemporary art
collection owned by the Mirvish family.

Jul 25, 2012

Midwest drought worsens, food inflation to rise

CHICAGO/WASHINGTON (Reuters) – Scattered rain brought some relief to parts of the baking U.S. Midwest on Wednesday, but most of the region remained in the grips of the worst drought in half a century as the outlook for world food supplies and prices worsened.

The U.S. Agriculture Department forecast that food prices would now out-pace other consumer costs through 2013 as drought destroys crops and erodes supplies.

Jul 25, 2012

Oil group sues over law on scarce biofuel

WASHINGTON (Reuters) – For the second time in five months, the U.S. government is being sued to overturn a law that forces oil refiners to use a scarce biofuel.

Under the federal Renewable Fuel Standard, refineries were required by the Environmental Protection Agency to use 6.6 million gallons of cellulosic biofuels – a fuel made from non-grain sources such as wood chips – in 2011.

Jul 25, 2012

Drought lights fire under US food prices, USDA says

WASHINGTON, July 25 (Reuters) – Food prices will race ahead
faster than prices of other goods in the United States this year
and next, due to the worst drought in more than a half a
century, the government forecast on Wednesday.

Food prices rose 3.7 percent in 2011, and American consumers
may pay 3.5 percent more at the grocery store this year, with
higher prices for meat, poultry and fruit, as the drought
gripping the U.S. farm belt drives up crop prices.

    • About Russ

      "I'm the Editor in Charge of Commodities and Energy in Washington, which involves breaking news and producing insightful stories while covering government agencies, the White House and Congress. Previously I was the Commodities Editor for Asia, based in Singapore, where I lead a continent-wide team reporting on the rise of China and other emerging markets. Before that,I was Bureau Chief of Canada in Toronto, overseeing seven bureaus. Also with Reuters, I have worked as a political correspondent in Ottawa and a technology reporter in San Francisco."
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