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U.S. oil giant Exxon set to announce layoffs in Canada – CBC.ca

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Exxon Mobil Corp is “very close” to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday.

The second-largest U.S. oil company by market value lost nearly $1.7 billion US in the first six months of the current fiscal year and analysts forecast a third-quarter $1.17 billion loss, according to IBES data from Refinitiv.

The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce.

Exxon has exceeded a target of reducing operating expenses by $1 billion and capital budget spending by $10 billion, he wrote. But the COVID-19 pandemic has cut oil demand by about 20 per cent, he said, delivering a “devastating impact” on the oil business.

Woods told employees that “we are very close” to completing the jobs review and that they could expect details soon after the company’s board of directors is briefed.

“I wish I could say we were finished, but we are not. We still have some significant headwinds, more work to do and, unfortunately, further reductions are necessary,” he said in the email.

Exxon was slower than rivals to react to this year’s oil price decline and borrowed $23 billion US to shore up a balance sheet strained by the losses and a nearly $15 billion US annual dividend payment to shareholders.

Royal Dutch Shell and BP have outlined up to 15 per cent workforce cuts while Chevron has asked employees to reapply for their jobs.

Woods said the demand loss is five times the decline of the 2008 financial crisis, but “industry under-investment today will increase the need for our products in the near future.”

All oil companies face the same loss of demand, but Exxon has the burden of promising to keep its huge dividend without adding new debt, said Raymond James analyst Pavel Molchanov. U.S. oil prices must rise another $10 a barrel to cover the payout without borrowing, he estimates.

“If management has to walk back their pledge” not to issue new debt to protect the dividend, “it would damage credibility,” Molchanov said.

Exxon’s dividend yield, the percent of the share price paid annually to holders, was 10.3 per cent, the largest among major oil companies and another sign of Exxon’s weak finances.

Its shares fell 1.6 per cent to $33.14 on Wednesday as oil prices declined on worries that the COVID-19 infections are on the rise globally. The stock is trading near a 18-year low.

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3 Nova Scotians appointed to the Order of Canada – CBC.ca

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Three Nova Scotians have been appointed to the Order of Canada, one of the country’s highest civilian honours.

They are among the 114 appointees announced Friday.

The list includes eight companions, 21 officers, one honorary member and 84 members. The full list can be found here.

“Created in 1967, the Order of Canada recognizes outstanding achievement, dedication to the community and service to the nation,” said a statement on the office of the Governor General’s website.

Appointments are made by the Governor General on the recommendation of the Advisory Council for the Order of Canada. More than 7,000 Canadians have received the honour since its inception.

Jeff Dahn of Halifax, who has led groundbreaking research on lithium-ion batteries, was appointed as an officer.

Dahn is considered a pioneer of lithium-ion battery research. (Jill English/CBC)

In 2017, he won the Gerhard Herzberg Canada Gold Medal for Science and Engineering for his work in making batteries increasingly efficient. He also won a Governor General’s Award for Innovation in 2016.

Dahn works out of a lab at Dalhousie University. He also began a five-year research partnership with Tesla In 2016.

In the statement, the Governor General’s office also commended him for “his mentorship and adroit bridging of academia and industry.”

Dahn could not be reached for comment Sunday.

‘It’s humbling’

Meanwhile, Dr. Ken Wilson and John Eyking were appointed as members.

Wilson, a plastic surgeon in the Halifax area, was appointed “for his nationally recognized expertise in reconstructive and plastic surgery, and for his volunteer work on international medical missions.”

“It’s humbling, but a very nice addition to a great career,” Wilson said of the honour.

In the mid-80s, Wilson became the first person east of Montreal to dedicate himself to doing plastic surgery for children.

“It was a very satisfying thing for me to be able to look after a lot of the children who have either had to travel, or that hadn’t had, sometimes, the attention they would’ve had otherwise,” he said.

Wilson has spent more than 30 years doing plastic and reconstructive surgery for children. (Submitted by Ken Wilson)

In the mid-90s, Wilson began working with Operation Smile, an organization that provides surgeries and dental care to children with cleft lip, cleft palate and other facial deformities. He travelled a couple times a year to do surgery in underdeveloped countries, and he estimates he went on about 46 missions.

In the late 1990s, Wilson became the chief of surgery at the IWK children’s hospital in Halifax, a position he held for more than a decade.

He stopped practising five years ago, but Wilson now works as a medical consultant for Doctors Nova Scotia and is chair of the board for Operation Smile Canada.

“It was a wonderful career,” said Wilson. “I gotta say, I’ve been very lucky over the years to have the opportunity to do what I did.”

While there is no ceremony this year due to COVID-19, Wilson was mailed his snowflake insignia, as well as a “lovely book” detailing the history of the Order of Canada and the many recipients over the years.

‘All in a day’s work’

Eyking, a farmer and entrepreneur who founded Eyking Farms, was recognized for his “personal and professional dedication to the Cape Breton community, particularly within the agriculture industry.”

Eyking, of Millville, N.S., immigrated to Canada in 1963 from the Netherlands. He started a farm, which later grew into a family operation run by him, his wife and their 10 children.

He is also an inductee of the Atlantic Agricultural Hall of Fame.

Reached by phone Sunday, Eyking, 89, was modest about his appointment. He credited his farm’s accomplishments to the work of his large family.

“For me, it was all in a day’s work and I enjoyed it,” he said.

He, too, received a parcel from the Order of Canada, and said he enjoyed the book.

“There’s quite a few Cape Bretoners in there,” he said.

The recipients will be invited to accept their insignia at a ceremony to be held at a later date.

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Ottawa extends international travel restrictions citing COVID-19 risk – CBC.ca

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The federal government has extended existing international travel restrictions to prevent the spread of COVID-19, barring entry to most travellers who are not Canadian citizens, permanent residents or people entering from the U.S. for “essential” reasons.

In a news release issued Sunday, Minister of Public Safety and Emergency Preparedness Bill Blair and Health Minister Patty Hajdu announced that travel restrictions on U.S. citizens and foreign nationals seeking to enter Canada from the U.S. will be extended until Dec. 21.

Similarly, restrictions on travellers arriving from other countries will be extended until Jan. 21, as will the mandatory requirement for anyone who is granted entry to self-isolate for 14 days upon arrival.

Emergency orders brought forward on Mar. 16 banned most foreign nationals from entering Canada for non-essential travel. There are a number of exceptions for immediate family members of citizens, essential workers, seasonal workers, caregivers and international students, to name a few.

By extending the expiration dates to the 21st of the month, today’s change brings the timing of the international travel restrictions in alignment with those governing the Canada-U.S. land border. Previously, international restrictions expired on the last day of each month while the Canada-U.S. border restrictions expired on the 21st.

Both have been regularly extended since March.

“The government continues to evaluate the travel restrictions and prohibitions as well as the requirement to quarantine or isolate on an ongoing basis to ensure Canadians remain healthy and safe,” the release said.

“The ability to align U.S. and international travel extension dates, as well as the mandatory isolation order, beginning on Jan. 21, 2021 will enable the government to communicate any travel extensions or changes as quickly as possible and provide certainty for Canadians, U.S. and international travelers.”

International travel restrictions on U.S. citizens and foreign nationals seeking to enter Canada from the U.S. will be extended until Dec. 21. (Rob Gurdebeke/The Canadian Press)

Exemption for amateur sports events

The release also said the government will begin accepting applications from “high-performance amateur sport organizations” seeking to hold single sport events in Canada. Applicants will need to show they have a plan to protect public health that is approved by provincial or territorial officials and the relevant local health authorities in order to be considered.

Sport Canada, which is part of the Department of Canadian Heritage, will be responsible for authorizing such events, in consultation with the Public Health Agency of Canada, the release said.

More than 1,300 professional athletes have been issued national interest exemptions, which allow those who don’t qualify under current COVID-19-related restrictions to travel to Canada, or to skip the mandatory 14-day quarantine when they arrive.

Last month, the federal government expanded the eligibility for people coming from the U.S. on compassionate grounds. Those changes governing family reunification have been broadened to include exceptions for certain extended family members of Canadian citizens and permanent residents including couples who have been dating for at least a year, including their children, grandchildren, siblings and grandparents. 

Despite travel restrictions, more than five million arrivals into Canada have been allowed to skip the 14-day quarantine requirement, according to data from the Canada Border Services Agency, mainly because they’re essential workers.

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Ottawa extends international travel restrictions citing COVID-19 risk – CBC.ca

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The federal government has extended existing international travel restrictions to prevent the spread of COVID-19, barring entry to most travellers who are not Canadian citizens, permanent residents or people entering from the U.S. for “essential” reasons.

In a news release issued Sunday, Minister of Public Safety and Emergency Preparedness Bill Blair and Health Minister Patty Hajdu announced that travel restrictions on U.S. citizens and foreign nationals seeking to enter Canada from the U.S. will be extended until Dec. 21.

Similarly, restrictions on travellers arriving from other countries will be extended until Jan. 21, as will the mandatory requirement for anyone who is granted entry to self-isolate for 14 days upon arrival.

Emergency orders brought forward on Mar. 16 banned most foreign nationals from entering Canada for non-essential travel. There are a number of exceptions for immediate family members of citizens, essential workers, seasonal workers, caregivers and international students, to name a few.

By extending the expiration dates to the 21st of the month, today’s change brings the timing of the international travel restrictions in alignment with those governing the Canada-U.S. land border. Previously, international restrictions expired on the last day of each month while the Canada-U.S. border restrictions expired on the 21st.

Both have been regularly extended since March.

“The government continues to evaluate the travel restrictions and prohibitions as well as the requirement to quarantine or isolate on an ongoing basis to ensure Canadians remain healthy and safe,” the release said.

“The ability to align U.S. and international travel extension dates, as well as the mandatory isolation order, beginning on Jan. 21, 2021 will enable the government to communicate any travel extensions or changes as quickly as possible and provide certainty for Canadians, U.S. and international travelers.”

International travel restrictions on U.S. citizens and foreign nationals seeking to enter Canada from the U.S. will be extended until Dec. 21. (Rob Gurdebeke/The Canadian Press)

Exemption for amateur sports events

The release also said the government will begin accepting applications from “high-performance amateur sport organizations” seeking to hold single sport events in Canada. Applicants will need to show they have a plan to protect public health that is approved by provincial or territorial officials and the relevant local health authorities in order to be considered.

Sport Canada, which is part of the Department of Canadian Heritage, will be responsible for authorizing such events, in consultation with the Public Health Agency of Canada, the release said.

More than 1,300 professional athletes have been issued national interest exemptions, which allow those who don’t qualify under current COVID-19-related restrictions to travel to Canada, or to skip the mandatory 14-day quarantine when they arrive.

Last month, the federal government expanded the eligibility for people coming from the U.S. on compassionate grounds. Those changes governing family reunification have been broadened to include exceptions for certain extended family members of Canadian citizens and permanent residents including couples who have been dating for at least a year, including their children, grandchildren, siblings and grandparents. 

Despite travel restrictions, more than five million arrivals into Canada have been allowed to skip the 14-day quarantine requirement, according to data from the Canada Border Services Agency, mainly because they’re essential workers.

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