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Convicted B.C. double murderer given full parole
A man convicted in the notorious double murder of two women in Tsawwassen in 1990 when he was a teenager has been granted full parole.
Total pay for BP's CEO more than doubled to US$12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing households and small businesses.
London-based BP's disclosure came a day after rival Shell reported a similar multimillion-dollar pay package for its top executive on the heels of both companies posting their highest-ever annual earnings last month.
BP said in its annual report that CEO Bernard Looney was paid a total of 10 million pounds (US$12 million) in 2022, up from 4.5 million pounds the previous year. Looney's pay package includes a cash bonus of 2.4 million pounds and 6 million pounds in bonus company stock.
BP reported in February that its profit doubled to US$28 billion as Russia's invasion of Ukraine sent oil and gas prices soaring.
Fat profits at fossil fuel giants and big salaries for top executives have spurred demands for the companies to do more to shield consumers from high energy costs that have fuelled decades-high inflation and ratcheted up utility bills.
Activist groups such as Global Witness and some opposition lawmakers in Britain have called for expanding taxes on the windfall profits of energy companies and taxing bonuses.
It's a "twisted irony" that a wealthy minority got even richer "precisely because bills have been so unaffordable for the majority," said Jonathan Noronha-Gant, a senior campaigner at Global Witness.
Britain's Liberal Democrat party on Thursday called for a one-off "bonanza bonus" tax for energy company executives after Shell reported that then-CEO Ben van Beurden's pay package jumped by half in 2022, to nearly US$12 million, thanks to a record $40 billion annual profit.
The proposed tax is similar to a levy on bankers' bonuses that the U.K. government imposed in 2009-10 amid the fallout of the global financial crisis.
"It is outrageous that oil and gas bosses are raking in millions in bonuses while families struggle to heat their homes," party leader Ed Davey said. "Whether it is executive bonuses or soaring profits, the money being made out of Putin's illegal war should be helping struggling families not oil and gas barons."
The BP committee that sets executive pay said it has "carefully sought to moderate outcomes" and its decisions "reflect a sensible approach."
A man convicted in the notorious double murder of two women in Tsawwassen in 1990 when he was a teenager has been granted full parole.
The risk to communities along the Fraser and Chilcotin rivers if a dam created by a massive landslide is breached is uncertain but has the potential to be 'significant,' according to officials.
Canadians looking to stock up on food for an emergency can order ready-made tubs from Costco online.
One person was killed and others were hurt when an event tent collapsed on hundreds of people north Edmonton on Wednesday.
A few days after moving into his North Vancouver neighborhood Paul Wiens was enjoying one of the perks – cutting through the scenic BCMC trail on his way to grab a coffee at Starbucks – when he had an unexpected but "magical" encounter.
Liberal MP Anita Vandenbeld fell short of an apology after instigating a fracas on Wednesday that led two witnesses testifying about violence against women to storm out of a parliamentary committee hearing.
Canadian-born Paul Whelan and an honorary Canadian citizen were set free Thursday as the United States and Russia completed their largest prisoner swap in post-Soviet history.
Canadian swimmer Summer McIntosh won her second Olympic gold medal in Paris with a victory in the women's 200-metre butterfly.
The red, white and green of Italy’s Air Force graced the skies above Toronto for the first time in nearly 40 years during a flyover Thursday.
A few days after moving into his North Vancouver neighborhood Paul Wiens was enjoying one of the perks – cutting through the scenic BCMC trail on his way to grab a coffee at Starbucks – when he had an unexpected but "magical" encounter.
It was a memorable day for many near the Bay of Fundy Monday when a Mola mola found its way to the Parrsboro Harbour in Nova Scotia.
A cat that went missing in Toronto back in 2011 has finally been reunited with its owner.
One golf course, two men, 12 hours and 333 holes of golf played. That's how the 13th annual Marathon Monday shaped up for Patrick Law and Dylan Thornborough, which ended up being an unofficial world record.
A woman who lives east of Montreal in Repentigny came home to a pool party on Sunday after a family of five had rented it on the Swimply app without the consent of the homeowner.
A CFL fan has unofficially broken the world record for watching CFL home games at all nine of Canada’s stadiums in the shortest amount of time.
The Anne Murray Centre in Springhill, N.S., marked its 35th anniversary over the weekend drawing dozens to the event from around the globe.
Imani Nadir says she looked high and low for a hairdresser when she moved to Montreal in 2022. Finally, after six months of making calls and sending emails, the 20-year-old came across Two Horses, a Montreal hair salon offering specialized services to women who wear face or head coverings.
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.