PRESS DIGEST-Canada – Oct 14

The following are the top stories from selected Canadian newspapers. ** Canadian oil sands companies plan to spend more than C$24 billion ($17.40 billion) on emissions-reduction projects by 2030, as they accelerate their bid to get production to net zero by 2050. ** The head of Vale SA's base metals group is vowing to turn around its poorly performing Canadian nickel operations, as the Brazilian mining giant makes a play for a bigger piece of the fast-growing EV-battery-minerals market. Read More...

Oct 14 (Reuters) – The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** Canadian oil sands companies plan to spend more than C$24 billion ($17.40 billion) on emissions-reduction projects by 2030, as they accelerate their bid to get production to net zero by 2050.

** The head of Vale SA’s base metals group is vowing to turn around its poorly performing Canadian nickel operations, as the Brazilian mining giant makes a play for a bigger piece of the fast-growing EV-battery-minerals market.

** Netflix Inc will launch its new ad-supported tier in November in Canada and 11 other countries as it fights for fresh eyeballs in the crowded streaming market it helped establish.

NATIONAL POST

** Communitech announced Thursday that it added 26 companies to its Team True North, an initiative launched this summer that initially tapped 35 private companies that the incubator reckons have the potential to generate C$1 billion ($724.95 million) in revenue by 2030 and become global in players their industries.

** Australia’s Vital Metals Ltd walked away from two Quebec-based projects earlier this week due to objections from the Kebaowek First Nation, the latest evidence that maximizing Canada’s potential to be a player in the energy transition will require a more sophisticated relationship with Indigenous communities. ($1 = 1.3794 Canadian dollars) (Compiled by Bengaluru newsroom)