Glencore posts record profit for 2022
GENEVA - Mining, oil and metals giant Glencore posted record profits last year on soaring demand for energy. The Swiss-based company said Wednesday that it will pay out more than $7 billion to shareholders.
Glencore says business rebounded from lows during the coronavirus pandemic and rode a spike in demand for oil and natural gas after Russia invaded Ukraine.
Net income soared nearly 250 per cent to $17.32 billion last year. It comes after record profits from energy giants like Shell, BP and ExxonMobil have stirred calls for them to do more to help households and businesses with high utility and invest more in efforts to cut climate-changing emissions.
(The Associated Press)
CTVNews.ca Top Stories
DEVELOPING Trump heads to convention as authorities investigate motive, security in assassination attempt
Former U.S. president Donald Trump called for unity and resilience after an attempt on his life injected fresh uncertainty into an already tumultuous presidential campaign, while President Joe Biden implored Americans to 'cool it down' in the final stretch and 'resolve our differences at the ballot box.'
Trump rally shooting casts shadow over Canadian political scene
The shadow of violence in the United States will be hanging over Canada's political scene this week in the wake of an attempted assassination on former president Donald Trump.
UBC investigating professor's social media post following Trump assassination attempt
The University of British Columbia is investigating a now-deleted social media post from one of its faculty members that appeared to be wishing an assassination attempt on Donald Trump had been successful.
NEW Things a flight attendant says they would never do
For some airline passengers, flying can be a daunting and stressful journey. For others, it's a welcome experience to see the world from hundreds of feet high. CTVNews.ca spoke with a Canadian flight attendant to find out what he wouldn't advise passengers to do before and during flights.
Some Canadians will receive their Carbon Rebate on Monday. Here's how much they could get
Some Canadians will receive another instalment of the 2024 Canada Carbon Rebate in their bank accounts or in the mail this Monday. But who exactly is eligible? And how much could you receive?
King Charles III to visit Australia and Samoa as he recovers from cancer
King Charles III is preparing to visit Australia and Samoa in October, an itinerary that will span 12 time zones and test the monarch’s stamina as he recovers from cancer treatment.
What we know about the 20-year-old man who tried to assassinate Donald Trump
The FBI identified 20-year-old Thomas Matthew Crooks of Bethel Park, Pa., as the suspect in Saturday's attempted assassination of former U.S. president Donald Trump at a campaign rally.
LCBO reverses plan to open select stores on Friday as strike continues
The LCBO has reversed its plan to open select stores on Friday as retail workers continue to strike across the province, according to a statement from the Crown corporation on Sunday.
Recovery mission underway in Port Stanley after 14 year old goes missing in Lake Erie
A volunteer human chain was walking the water’s edge in Port Stanley, Ont. Sunday in search of a boy went missing in Lake Erie. Around 2:30 p.m. OPP and Central Elgin Fire were dispatched to the main beach after a 14 year old entered the water and did not resurface.