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:
“Just as we need to encourage women to test life’s many options, we need to acknowledge real limits of energy and resources. It would be pointless and cruel to prescribe role combination for every woman at each moment of her life. Life has its seasons. There are moments when a woman ought to invest emotionally in many different roles, and other moments when she may need to conserve her psychological energies.”
—Faye J. Crosby (20th century)
“Long before Einstein told us that matter is energy, Machiavelli and Hobbes and other modern political philosophers defined man as a lump of matter whose most politically relevant attribute is a form of energy called “self-interestedness.” This was not a portrait of man “warts and all.” It was all wart.”
—George F. Will (b. 1941)
“Any relation to the land, the habit of tilling it, or mining it, or even hunting on it, generates the feeling of patriotism. He who keeps shop on it, or he who merely uses it as a support to his desk and ledger, or to his manufactory, values it less.”
—Ralph Waldo Emerson (1803–1882)