AltaGas Reaches an Agreement to Sell its Interest in the Central Penn Pipeline for $870 Million
AltaGas exceeds its 2019 asset sales target with approximately $2.2 billion announced or completed sales to-date
Support Grows for Renewable Energy Initiatives Around the Globe
The damaging effects of non-renewable resources have prompted countries to reconsider their energy sources. Generally, most non-renewables are fossil fuels such as coal, petroleum, and natural gas. Fossil fuels are buried deposits of plants and animals that have converted into in forms of oil, gas, or coal due to high pressure and heat from the Earth's crust. The process of developing fossil fuels takes millions of years, which is why they are considered non-renewable resources. Furthermore, due to the constant use of these non-renewable resources, they are quickly depleting, causing concern over future energy supplies. Moreover, the excessive use of fossil fuels has negatively impacted the environment and human health. For instance, non-renewable resources produce the greenhouse effect, which is the process by which the radiation from the Earth's atmosphere warms the surface to a temperature that is above normal. The slightest changes can have severe adverse effects on environments throughout the Earth such as melting glaciers and sea ice, shifting precipitation patterns and forced animal migrations, according to the National Geographic. Additionally, climate change can cause extreme weather events such as floods, hurricanes, droughts, and heatwaves. In particular, rising sea levels have concerned many nations, specifically ones that are located in low regions along the coastlines. As a result, many countries are investing in renewable and clean energy sources to combat the impact of climate change. Notably, energy sources such as solar, water, and wind are becoming increasingly popular. However, most countries are adopting solar energy because it is much more prevalent throughout the world. While renewable energy is still considered a small market, growing government initiatives and increasing environmental concern are expected to accelerate the industry. According to data compiled by Cooked Research, the global renewable energy market is expected to grow at a CAGR of 8.53% during the forecast period from 2019 to 2027. MGX Renewables Inc. (CSE: MGXR), Canadian Solar Inc. (NASDAQ: CSIQ), Sunrun Inc. (NASDAQ: RUN), TerraForm Power, Inc. (NASDAQ: TERP), Vivint Solar, Inc. (NYSE: VSLR)
AltaGas Reaches an Agreement to Sell Distributed Generation Assets for $940 Million
Continued successful execution of asset sale program further strengthens financial position and sharpens focus on core businesses
AltaGas Ltd. Announces Election of Directors
CALGARY, May 2, 2019 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX:ALA) is pleased to announce the final director election results from its 2019 Annual and Special Meeting of Shareholders held on May 2, 2019 (the "Meeting"). All nominees recommended by management for election were elected for a term ending at the next annual meeting. The detailed results of the vote are set out below:
AltaGas Announces Strong First Quarter 2019 Results
Midstream and Utilities provide strong results as near-term priorities to enhance asset performance, de-lever and fund organic growth are on track
AltaGas Ltd. Announces Monthly Dividend
AltaGas Ltd. ("AltaGas") (TSX: ALA) announced today that the April dividend will be paid on May 15, 2019, to common shareholders of record on April 25, 2019. The ex-dividend date is April 24, 2019. The amount of the dividend will be $0.08 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.
AltaGas Ltd. to Issue First Quarter 2019 Results on May 2, 2019
AltaGas Ltd. ("AltaGas") (TSX: ALA) will release its 2019 first quarter financial results on Thursday May 2, 2019 before markets open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments.
After 25 Years AltaGas Founder and Chairman Steps Down from Chairman Role
AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. The new Chair, Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will remain on the Board, ensuring an orderly transition and continuity.
AltaGas Ltd. Announces Monthly Dividend
CALGARY, Feb. 11, 2019 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) announced today that the February dividend will be paid on March 15, 2019, to common shareholders of record on February 25, 2019. The ex-dividend date is February 22, 2019. The amount of the dividend will be $0.08 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.