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Oilsands alliance aiming to cut down on reliance for steam, a major greenhouse emissions source

CALGARY—An oilsands research alliance says it is entering its sixth year focused on finding new ways to reduce the sector’s need for steam, the generation of which leads to almost 80 per cent of its greenhouse gas emissions. Dan Wicklum, CEO of Canada’s Oil Sands Innovation Alliance or COSIA, says generating steam to separate heavy sticky bitumen from the northern …

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Why breaking up with Facebook can be hard to do

NEW YORK—Facebook’s latest privacy scandal, involving Trump campaign consultants who allegedly stole data on tens of millions of users in order to influence elections, has some people reconsidering their relationship status with the social network. There’s just one problem: There isn’t much of anywhere else to go. Facebook has weathered many such blow-ups before and is used to apologizing and …

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RBC chief Dave McKay tops big banks pay at $12.4 million as CEO wages rise 7%

TORONTO — The chief executives of Canada’s five biggest banks collectively earned roughly $53.6 million in the latest fiscal year, up more than seven per cent from a year earlier. But it was a particularly good year for TD Bank’s chief executive Bharat Masrani, who got a more than 20 per cent increase in total direct compensation to pull in …

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