The following are the top stories from selected Canadian newspapers. ** Capital Power Corporation has scrapped plans for one of Canada's largest carbon-capture projects worth C$2.4 billion ($1.75 billion), dealing a blow to the country's efforts to reduce emissions from industries that produce or heavily use fossil fuels. ** Barrick Gold is signalling it could be in for a protracted slog in Mali, as the Canadian gold miner pushes back on the military government's demands for a greater share of the country's mining spoils.
Genesee Repowering project hits major milestonesEDMONTON, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended March 31, 2024. Financial highlights Generated adjusted funds from operations (AFFO) of $142 million and net cash flows used in operating activities of $334 millionGenerated adjusted EBITDA of $279 million and a net income of $205 million Strategic highlights Successful commissioning began on Genesee repowe
EDMONTON, Alberta, April 30, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.615 per share on the outstanding common shares for the quarter ending June 30, 2024. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024. The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares: SharesTSX Stock SymbolDividend Per