Petrocan sued over Arctic stakes

Article Abstract:

Petro-Canada has been sued for C$30 million by two wealthy American brothers, who said they have the right to buy back the company's exploration claims off northern Baffin Island in the Arctic. Landon T. Clay and Harris Clay owned a company, Baffin Bay Petroleum Ltd, which the suit claims owned exploration rights on three million acres. Baffin Bay later sold the rights to Petrocan but reserved the right of first refusal the buy the permits back, according to the lawsuit. In an agreement with Ottawa, Petrocan has swapped the permits for exploration rights to a huge area of the Pacific Ocean off British Columbia.

Oil and Gas Extraction, Oil & Gas Extraction, Petro-Canada

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Edmonton couple countersues Agrium

Article Abstract:

Fertilizer company Agrium Inc of Calgary, Alberta, has been sued back by suburban couple accused in a lawsuit of embezzling millions of dollars from the company. Wayne and Valerie Pocha were earlier sued by the copany for alleged diversion of funds into offshore bank accounts while negotiating contracts to buy fertilizers materials for Agrium from Togo. The couple said the company has failed to establish proofs that it has lost any funds and that it is accusing them of fraud to avoid pay money owed to the African country for some of the phosphate rock shipments.

Fertilizer Manufacturing, Fertilizers, Agrium Inc.

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Iran drops charges in death of Kazemi

Article Abstract:

Charges against two Iranian intelligence ministry agents for the murder of Zahra Kazemi, a Canadian photojournalist, have been dropped in Iran. Canada gave an angry respone to the dropping of the charges.

Executive changes & profiles, Legal/Government Regulation, Iran, Officials and employees, Company legal issue, Cases, Crimes against, Murder, News photographers, Photojournalists, Kazemi, Zahra, Iran. Ministry of Intelligence

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