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:
“The welfare, the happiness, the energy and spirit of the men and women who do the daily work ... is the underlying necessity of all prosperity.... There can be nothing wholesome unless their life is wholesome; there can be no contentment unless they are contented.”
—Woodrow Wilson (1856–1924)
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“In strict science, all persons underlie the same condition of an infinite remoteness. Shall we fear to cool our love by mining for the metaphysical foundation of this elysian temple? Shall I not be as real as the things I see? If I am, I shall not fear to know them for what they are.”
—Ralph Waldo Emerson (1803–1882)