AltaGas Ltd.

And we’re off! Jetty construction on our REEF project kicked off in August – building a strong foundation for a critical project that will connect global markets with #Canadian liquid petroleum gas (LPG).     At a glance, here’s a snapshot of the progress from our team on the ground 🦺📸.     For more on REEF construction updates: https://lnkd.in/gUt-qXi6 Vopak

News of Canadian rail stoppages has already had significant repercussions beyond our borders.    As a global energy trader, we have proactive contingency plans in place to mitigate and manage the disruption.       We remain optimistic that a resolution will soon end this stoppage, enabling the thousands affected to resume delivering critical resources for our economy and to our communities. 

When community and collaboration meet, it creates opportunity at home and abroad.     The Ridley Island Energy Export Facility (REEF) is a critical project that will connect Canadian liquified petroleum gas (LPG) to global markets and drive valuable outcomes for our customers.    The REEF project is the result of years of collaboration with Indigenous and local communities, alongside federal and provincial regulators, positioning Canada as an energy trading partner on the global stage.   This joint venture project with our partners at Vopak is planned to be developed and brought online in phases and is expected to come online in late 2026.   Follow along for REEF related updates here: https://lnkd.in/gnD82bzV

A few weeks later, and we’re still replaying the Enbridge Tour Alberta for Cancer ride.    Grit, courage and teamwork are three words that come to mind when we think about the two-day ride and the impact it will have within our community.     These are some of the voices and faces that represent our proud AltaGas team. Until next year!

Our Q2 results are here – strong and steady. Here’s the progress we’ve made:     📈 Year-over-year growth in our Midstream and Utilites business.    ✅️ A positive final investment decision (FID) on the Ridley Island Export Facility (REEF), with our partner Vopak.    ⬆️️ Increased EBITDA to $295 million, compared to $239 million in Q2 of 2023.     Thank you to our team who are driving these results and positioning us to deliver reliable and affordable energy across the globe.     Learn more here: https://lnkd.in/gkcE7SQZ

Empowering our communities starts at home.     Investing in the communities where we live and operate is one of the ways we can give back.    Partnering with Indspire, the AltaGas Brighter Future Bursary provides financial assistance to Indigenous students who are attending a post-secondary educational institution and are from the Prince Rupert and Fort St. John area of B.C.  Apply before Aug. 1 to qualify: https://lnkd.in/gtuFqWky

A ride to remember!     Over the weekend, 64 riders from the Team AltaGas grabbed their bikes and geared up for the Enbridge Tour Alberta for Cancer.     As a team, we raised over $450,000 contributing to the Tour Alberta’s total of $7.4M!    This ride continues to prove its impact by providing funds for urgent needs, patient experience, world-class research and supporting cancer center's across Alberta – helping change lives one pedal and dollar at a time.     Thank you to all our riders and employees, volunteers and sponsors who showed up fiercely for a cause that affects so many.     📸 Pushysix Media Group 

Go Team! 🚲

We recently announced a positive final investment decision on our Ridley Island Energy Export Facility (REEF) project, with our joint venture partner Vopak! Reaching this milestone would not have been possible without the consultation and support of our Indigenous partners, the community and government. Thank you to all who came out and celebrated with us in the Prince Rupert community, hosted at the Prince Rupert Port Authority's Interpretive Centre.

Meet Connor, a member of our Enbridge Tour Alberta for Cancer team! 🚲   In February, Connor underwent emergency heart surgery. When he got out of surgery, he asked his doctors if they thought he would still be able to ride 200km in the Tour.   Well, with a lot of training and hard work, we're pleased to share that Connor is not only on-track to ride with #TeamAltaGas, but more importantly, he is on the path to full recovery!    Support Connor in his fundraising efforts ➡ https://lnkd.in/gS-Gj9J7 Pictured below is Connor in February 2024, and then on his bike just a few days ago.