Rosenstengel
EAST ST. LOUIS – Syngenta denies that it boycotted Farmer’s Business Network as part of a conspiracy, stating it doesn’t deal with the network because the network stole the secrets of its seeds.
In an antitrust claim suit against Syngenta in U.S. district court, its counsel Paul Mishkin of New York City asserted “unique and entirely lawful reasons” for the company’s conduct.
Mishkin moved to dismiss the claim on May 5.
He cited a suit in Minnesota district court claiming Farmer’s Business Network and two former Syngenta Seeds employees misappropriated information.
He claimed a party has ample reason not to deal with a litigation adversary.
Profits slide at OIL as mutual welcomes five new members
27-04-2021
15-03-2021
Oil Insurance (OIL) held its 2021 annual general meeting of shareholders on April 20, 2021, a virtual event at which executives shared details of the company’s financial results and welcomed five new members to the mutual insurance company.
OIL reported a $467 million of net profit in 2020, driven principally by a $420 million profit earned from net investment income. While this represented a significant fall compared to its $1.03 billion profit in 2019, it avoided a repeat of the $675.6 million loss generated in 2018.
OIL also welcomed five new shareholders into the mutual, including: Ecopetrol; Federated Co-Operatives; Inter Pipeline; Pembina Pipeline Corporation; and United Refining Company.
Cargill is building a $350-million canola crushing plant in Regina.
Viterra has received council approval to buy 634 acres, but Federated Co-operatives Ltd. said that will interfere with proposals to build another canola crushing plant on the site.
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Viterra said the land will be used for an $800-million development that is forecast to generate $500 million in gross domestic product for the city.
Federated Co-operatives said its plans are for developments worth $2 billion – the canola crushing plant and a renewable diesel plant adjacent to its refinery.
A mock-up of the fuel and convenience store currently under construction at Cornerstone. (Submitted photo/Sturgeon Lake Developments Ltd.)
The new venture is a partnership with Lake Country Co-op and Federated Co-operatives Ltd.’s new brand, Western Nations, which supports and supplies First Nation-owned fuel stations.
Ermine explained through collaboration with Western Nations, they were able to embed Sturgeon Lake First Nation traditions and values in the design of the fuel station.
“The values that we hold, in terms of the design, it was really important we incorporate that in some way, so the tipi theme was sort of a no brainer,” Ermine said, adding other First Nation elements will be part of the building’s architecture and interior design.
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