Energy and Mining
In 1883, a CPR crew accidentally discovered natural gas near Medicine Hat, Alberta. In 1912, the CPR set up its Department of Natural Resources in Calgary to manage its timber, oil, gas, and mineral rights as well as land sales and immigration and colonization activities.
In 1958, CP created Canadian Pacific Oil and Gas Company (CPOG) to manage its oil, gas, and mineral rights. CPOG was merged with Central-Del Rio Oils to form PanCanadian Energy in 1971, to expand CP portfolio into energy exploration. PanCanadian was spun off by CP in 2002 and later merged with Alberta Energy Corporation to form EnCana.
Fording Coal, a coal mining company formed by CP was also spun off in 2002 and now operates under Fording Coal-Canadian Coal Trust.
Stock Code: FDG.UN (TSX) and FDG (NYSE) - no longer trades as Fording Coal ceased operations in 2008 and now royal trust under Vancouver, BC-based Teck Resources
Headquarters: Calgary, Alberta
Read more about this topic: Canadian Pacific Limited
Famous quotes containing the words energy and, energy and/or mining:
“Since the beginning of time, three-quarters of the mental energy and of the lies inspired by vanity have been expended for their inferiors by people who are only abased by such expenditure. And Swann, who was easygoing and unaffected with a duchess, trembled at the thought of being scorned and put on airs when he was with a housemaid.”
—Marcel Proust (1871–1922)
“The principle of avoiding the unnecessary expenditure of energy has enabled the species to survive in a world full of stimuli; but it prevents the survival of the aristocracy.”
—Rebecca West (1892–1983)
“For every nineteenth-century middle-class family that protected its wife and child within the family circle, there was an Irish or a German girl scrubbing floors in that home, a Welsh boy mining coal to keep the home-baked goodies warm, a black girl doing the family laundry, a black mother and child picking cotton to be made into clothes for the family, and a Jewish or an Italian daughter in a sweatshop making “ladies” dresses or artificial flowers for the family to purchase.”
—Stephanie Coontz (20th century)