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Edward Rogers files B.C. court petition to have newly formed board declared valid – CP24 Toronto's Breaking News

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Tara Deschamps, The Canadian Press


Published Tuesday, October 26, 2021 5:38PM EDT


Last Updated Tuesday, October 26, 2021 7:56PM EDT

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TORONTO – The boardroom drama engulfing Rogers Communications Inc. intensified Tuesday after Edward Rogers filed a petition to have his newly constituted board declared legitimate, and said his mother and sisters had previously supported his moves.

The son of late Rogers Communications Inc. founder Ted Rogers asked the B.C. Supreme Court on Tuesday for a declaration confirming the validity of his board. He also asked Rogers to adjust its registry to reflect the board he created.

The board is at the heart of a dispute that has broken out between Edward Rogers and his mother Loretta Rogers, sisters Melinda Rogers-Hixon and Martha Rogers and several of their associates.

Edward Rogers named five new directors to the board on Friday, a day after his mother, sisters and other members ousted him from his role as board chair because of what media reports described as a plot to remove CEO Joe Natale and replace him with Tony Staffieri, the company’s former chief financial officer.

Natale, who was previously CEO of competitor Telus Corp., was appointed president and CEO of Rogers in April 2017, while Stafferi had been CFO for 10 years.

The other family members continue to back Natale, insist the board Edward Rogers formed is illegitimate and say the board as it existed prior to Edward Rogers‘ changes is the only valid one.

However, the affidavit Edward Rogers filed when seeking affirmation of his board raises new questions about how strongly Natale is supported.

The court filings say that several board members, including Loretta Rogers, raised concerns about Natale’s performance as the firm was staging a $26-billion takeover of rival Shaw Communications Inc. and they began discussing Mr. Staffieri as a replacement.

“My mother Loretta and sister Martha in particular expressed the firm view that Mr. Natale had had more than four years to prove himself and that it was time for a change,” Edward said in his affidavit.

“They also expressed support for Mr. Staffieri as a strong candidate to replace Mr. Natale.”

Loretta Rogers disputes that characterization.

“The claims Edward makes in his affidavit are as unfortunate as they are untrue,” she said in an email.

Edward Rogers alleges in the court filings that Natale approached him and said he overheard Staffieri talking about the plan. Natale told Edward Rogers he wanted to terminate Staffieri, but Edward refused.

At a Sept. 22 board meeting a few days afterward, Edward Rogers said he presented a slide presentation laden with performance metrics to show Rogers was underperforming its competitors under Natale’s leadership.

Exhibits entered as part of Edward Rogers‘ affidavit show Rogers‘ share price had fallen during Natale’s tenure and it was adding fewer wireless and internet subscribers than BCE Inc. and Telus Corp.

He alleges that he talked to Loretta and Martha Rogers about the circumstances in advance and the potential for Staffieri to take over. Both supported the plan, he said, and Loretta Rogers even prepared a statement to the board.

“Tony will be a strong CEO at Rogers and I look forward to working with him in his new role,” Edward Rogers alleges Loretta Rogers said in her statement.

“He is all about results and execution and that is what we need as we have a tough five years ahead of us with integrating Shaw and achieving the objectives of that deal.”

Loretta Rogers said the statement was written for her by Edward Rogers and based on information she thought to be “full, complete and accurate” about Natale’s performance because it was provided by her son and board member Alan Horn.

She said she later developed a more complete perspective on the issue and reversed course to support Natale.

Melinda Rogers-Hixon said she too continues to back Natale.

“It is unfortunate that Edward has advanced a false narrative regarding our mother to provide cover for his misguided position to replace the independent directors of RCI by the stroke of a pen,” she said in a statement. (RCI is the company’s stock ticker.)

Edward Rogers said in court documents, the company’s board voted 10-1 in late September to accept Natale’s retirement, which was to happen on Oct. 1, but deferred resolutions related to Staffieri’s appointment a few days so his compensation package could be arranged.

John MacDonald, who was named board chair after Edward Rogers‘ removal and continues to speak for Rogers, said that’s not true.

“At no time did the majority of the board vote to remove Joe Natale as CEO of Rogers Communications,” he wrote in an email. “There are several critical and material items that are categorically false in the chair of the trust’s affidavit and I plan to fully set the record straight when given the opportunity through the court process.”

Edward Rogers said in court filings, board member John MacDonald interrupted a subsequent meeting to tell him some members have a new plan to present. MacDonald, Edward Rogers alleges, gave the floor to Martha Rogers to a present a plan to fire Staffieri and rescind Natale’s retirement.

Edward said he, Horn and Melinda Rogers later visited his mother’s cottage, where she was with Martha Rogers, to try to reach a resolution and he proposed letting Natale and Staffieri work together as the Shaw transaction neared closure.

“The next day, I received a brief email from Mr. MacDonald, copying his director group and Melinda, Martha, and my mother, saying ‘Edward, we have reviewed the proposal you suggested to me yesterday and have rejected it.”’ Edward Rogers wrote in his affidavit.

This report by The Canadian Press was first published Oct. 26, 2021.

Companies in this story: (TSX:RCI.B)

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GTA gas prices to jump 14 cents a litre – Toronto Sun

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Gas prices have not been this high since August 2022

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There’s a price shocker coming at the pumps.

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Gas in Ontario, including the GTA, will go up 14 cents a litre overnight for customers filling up on Thursday, says Dan McTeague, the president of Canadians for Affordable Energy.

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“So going from $1.65.9 (per litre) going to $1.79.9,” said McTeague adding the increase will affect the entire province except for northwestern Ontario, which gets its prices from the prairies market.

“That’s the highest level since August, 2022, almost two years ago,” he added.

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McTeague said the reason for the price hike is that stations are switching over to summer-blend gasoline.

“Around this time of year prices go up to reflect the new blend of gasoline, which is more expensive to make,” he explained. “Butane is used in the winter, for gasoline, whereas in the summer it’s alkyaltes. Alkyaltes are extremely expensive.”

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“In the winter you want your ignition to start quickly in cold temperatures, you uses volatile butane. You take that out in the summer. That’s a big difference. This is going to be around for awhile and it could get higher,” McTeague said.

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McTeague also blamed the rise in gas prices in Canada on the carbon tax increase, the rising price of oil, and the weak Canadian dollar.

“It just makes a bad situation worse,” he said. “It’s just another brick in the wall, another load on the camel’s bank. The cost of denying our resources, blocking pipelines, is one of the most significant reasons why the Canadian dollar is so weak.”

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Wildfire sparked by TC Energy pipeline rupture under control – Yahoo Canada Finance

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CALGARY — A wildfire in west-central Alberta that was sparked by a natural gas pipeline rupture is under control, but an investigation into what caused the pipeline to break could take months or even years.

As of Wednesday morning, there was very little fire activity left in Yellowhead County, where a 10-hectare fire burned on Tuesday about 40 kilometres northwest of Edson.

“But for it to be considered extinguished, we’re going to have to hot spot,” said Caroline Charbonneau, area information co-ordinator with Alberta Forestry and Parks.

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“That means we’ll have to dig into the ground, look and feel for hot spots, and then douse it with water. And that could take several days.”

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The fire on Tuesday, which occurred as much of Alberta is dealing with extremely dry early spring conditions, was sparked when a natural gas pipeline owned by TC Energy Corp. ruptured.

There were no injuries, and the fire was never a threat to any surrounding communities. The affected pipeline segment was isolated and shut in and there is no more gas leaking from the pipeline.

The Canada Energy Regulator had inspectors on site Wednesday to monitor the company’s response and the Transportation Safety Board is investigating the incident.

According to CER, there have been 12 natural gas pipeline ruptures in Canada since 2008, and Tuesday’s incident near Edson was the first rupture on that particular pipeline within that time period.

The 36-inch diameter pipe that ruptured is part of TC Energy’s NGTL pipeline system, which transports natural gas from Alberta and northeast B.C. to domestic and export markets. The system spans 24,631 kilometres and connects with TC Energy’s Canadian Mainline system, Foothills system and other third-party pipelines.

The NGTL pipeline system is like a web made up of different lines that have been developed in stages.

In 2022, there was a rupture on a separate part of the system that resulted in an explosion and fire near Fox Creek, Alta. There were no injuries.

A TSB investigation into that incident took more than 14 months, and concluded that the pipeline ruptured due to reduced pipe wall strength caused by external corrosion.

While the primary risk of a crude oil pipeline leak is an oil spill that harms the local ecosystem, natural gas pipeline ruptures can and do result in fires or explosions, said Bill Caram, executive director of the Pipeline Safety Trust, a U.S.-based non-profit organization.

“The chances are extremely high that a molecule of natural gas that enters a pipeline will go through that pipeline without a failure. Pipelines are quite safe, and when you look at incident rates compared to other modes of transportation like rail or truck, they are much less likely to have a failure,” Caram said.

“But what you don’t get a sense of by looking at the risks of pipelines in that way is how catastrophic a failure can be when it does happen.”

According to the TSB, there were 19 recorded incidences of fires related to pipelines in Canada between 2012 and 2022.

The TSB’s most recent report on pipeline transportation safety in Canada states that in 2022 there were 100 companies transporting either oil or gas or both in the federally regulated pipeline system, which includes approximately 19,950 km of oil pipelines and approximately 48,700 km of natural gas pipelines.

That year, there were 67 pipeline transportation accidents and incidents on federally regulated pipeline systems, according to the report.

That number was well below the 10-year average of 112 occurrences, and was also the lowest number of occurrences since 2019, when 52 pipeline accidents or incidents were recorded by the TSB.

The TSB defines a pipeline “accident” as an incident that results in a person being injured or killed, a fire or explosion, or significant damage to the pipeline affecting its operation.

Less severe pipeline events that involve the uncontrolled release of a commodity or a precautionary or emergency shutdown are classified by the TSB as “incidents.”

There have been no fatal accidents directly resulting from the operation of a federally regulated pipeline system since the inception of the TSB in 1990.

This report by The Canadian Press was first published April 17, 2024.

Companies in this story: (TSX:TRP)

Amanda Stephenson, The Canadian Press

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Pearson airport gold heist: Police announce 9 arrests – CTV News Toronto

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Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.

At a news conference Wednesday on the one-year anniversary of the heist, police confirmed that five suspects were arrested and four others are facing charges in connection with the largest gold theft in Canadian history.

Police said the suspects face a total of 19 charges and Canada-wide warrants have been issued for the arrest of three of the suspects who have not yet been apprehended. All of the suspects arrested in connection with the heist have been released on bail, police confirmed in a news release issued Wednesday.

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Peel Regional Police Chief Nishan Duraiappah said the heist was “carefully planned” by a “well-organized group of criminals.”

“This story is a sensational one and one which probably, we jokingly say, belongs in a Netflix series,” he said.

Police said 6,600 gold bars were stolen from Air Canada’s cargo facility on the evening of April 17, 2023 by a suspect who arrived at the warehouse in a five-tonne delivery truck.

The gold, along with about $2.5 million in foreign currency, had been shipped to Toronto from Zurich in the hull of an Air Canada plane and was offloaded to an Air Canada cargo facility shortly after the flight landed at Pearson Airport that afternoon.

Police allege that the suspect came into possession of the stolen gold and bank notes after presenting Air Canada personnel with a fraudulent airway bill.

“The airway bill was for a legitimate shipment of seafood that was picked up the day before,” Det.-Sgt. Mike Mavity, the major case manager for the joint investigation, dubbed Project 24K, told reporters on Wednesday.

“This duplicate airway bill was printed off from a printer within Air Canada cargo.”

A suspect and suspect vehicle are pictured during a news conference about a gold heist at Perason Airport. (Handout /Peel Police)Mavity said a forklift arrived a short time later and loaded the stolen gold and currency into the back of the truck. The suspect then drove off with the gold bars, which were estimated to be worth about $20 million.

Brinks Canada, which was hired to provide security and logistics services for the transportation of the shipment, showed up at the facility a few hours later to pick up the items, police said.

According to investigators, when Air Canada employees tried to locate the container, they realized it was missing and quickly launched an internal investigation. Police were notified about the stolen goods shortly before 3 a.m. the following day, Mavity said.

Air Canada launches probe

An exhaustive investigation followed, police said, with officers reviewing video surveillance footage from 225 businesses and residences in an effort to track the path of the truck, which has since been recovered.

Mavity said that last summer, they identified 25-year-old Durante King-McLean as the driver of the truck but were unable to locate him.

In September 2023, Mavity said King-McLean was stopped in rental vehicle by Pennsylvania State Police near Chambersburg, Pennsylvania.

“After a brief foot chase, he was detained and troopers located 65 illegal firearms in the vehicle,” Mavity said Wednesday.

According to Mavity, investigators believe that the stolen gold was melted down and sold and the proceeds were used to purchase illegal guns for a firearms trafficking operation.

He said members of Project 24K have been liaising with the U.S. Alcohol, Tobacco, and Firearms Bureau (ATF) with respect to this aspect of the investigation.

Speaking at the news conference on Wednesday, a representative from the ATF said the law enforcement agency believes the 65 guns seized during the arrest of King-McLean were bound for Canada.

While King-McLean is currently in custody in the United States, he is now wanted on multiple charges in connection with the gold theft.

“We are alleging that some individuals who participated in this gold theft are also involved in aspects of this firearms trafficking,” Mavity added.

Gold taken during a heist at Pearson airport is shown being loaded into the back of the suspect’s truck in this image taken from surveillance footage released by police. (Peel Regional Police)Officers in Peel Region executed 37 search warrants in connection with Project 24K and police said only small quantity of the gold was recovered. Six gold bracelets, worth about $89,000, were seized, jewelry that police believe was made out of some of the gold that was stolen. Police said $434,000 in Canadian currency was also seized during the investigation. Officers believe that money was obtained through the sale of some of the stolen gold.

Two “debt lists” were found by investigators at separate locations during the investigation, police said.

“A common term in drug trafficking investigations, we believe these lists actually show where the money was distributed when the gold was sold by the suspects,” Mavity said.

He said the names on both lists are “consistent” and police are trying to identify all of those identified.

Six pure gold bracelets worth an estimated $89,000 were recovered as part of an investigation into a gold heist at Toronto Pearson airport and are displayed in this image from Peel police. (Handout)

‘They needed people inside Air Canada’

Police said one current Air Canada employee, identified as 54-year-old Brampton resident Parmpal Sidhu, has been charged with theft over $5,000 and conspiracy to commit an indictable offence. A Canada-wide warrant has been issued 31-year-old Simran Preet Panesar, who police said resigned from his position as a manager at Air Canada back in the summer.

“He has been known to us since early on in the investigation. He actually led a tour for Peel Regional Police before we knew his involvement,” Mavity said Wednesday.

He added that police have an idea where Panesar may be but did not elaborate on a possible location.

Mavity said he believes the suspects needed employees on the inside to carry out the heist.

“Because of their position within Air Canada, in my opinion, yeah they needed people inside Air Canada to facilitate this theft,” he said.A map showing the alleged movements of vehicles during a gold heist at Toronto Pearson Airport is displayed during a news conference Wednesday November 17, 2024. (Handout /Peel police)

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