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:
“All my energy and attention were devoted to trying to help her solve her problems. Unfortunately I didn’t have much success.”
—Arthur Miller (b. 1915)
“Violence among young people ... is an aspect of their desire to create. They don’t know how to use their energy creatively so they do the opposite and destroy.”
—Anthony Burgess (b. 1917)
“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)