Pension manager AIMCo paid $3.6-million to departing executives after $2.1-billion loss

Pension manager AIMCo paid .6-million to departing executives after .1-billion loss

Changing the guard at the government-owned Alberta Investment Management Co. (AIMCo) cost the pension manager nearly $3.6-million in termination payments to five former top executives, including its departed chief executive officer. The fund manager lost $2.1-billion on trading strategies linked to market volatility in the spring of 2020, when the early stages of the COVID-19 … Read more

Oil sands looks into using nuclear power to slash emissions

Oil sands looks into using nuclear power to slash emissions

A heavy hauler trucks transports material from Suncor’s North Steepbank Mine in the oilsands in Fort McMurray Alta.JASON FRANSON/The Canadian Press The pressing global need to slash emissions in the face of a growing climate crisis is driving renewed interest in nuclear power – and few places more so than in Canada’s oil sands. While … Read more

Meta Reality Labs division reveals latest VR headset prototypes

Meta Reality Labs division reveals latest VR headset prototypes

Tech giant Meta’s Reality Labs division has revealed new prototypes in its roadmap toward the lightweight, hyper-realistic virtual reality graphics. The breakthroughs remain far from consumer-ready, but the designs, codenamed Butterscotch, Starburst, Holocake 2, and Mirror Lake, could add up to a slender, brightly lit headset that supports finer detail than its current Quest 2 … Read more

Meta is planning to launch four high-end VR headsets by 2024

Meta is planning to launch four high-end VR headsets by 2024

Meta (formerly Facebook) is working on four new virtual reality (VR) and mixed reality (MR) headsets that the company will release by 2024. According to The Information, the aggressive timeline reflects Meta Founder and CEO Mark Zuckerberg’s desire to advance his metaverse dream by getting more people to use VR devices. “Meta is planning to … Read more

Twitter co-founder Jack Dorsey takes aim at board in series of tweets as it weighs Elon Musk’s takeover offer

Twitter co-founder Jack Dorsey takes aim at board in series of tweets as it weighs Elon Musk’s takeover offer

Twitter CEO Jack Dorsey speaks during a town hall at the Indian Institute of Technology, in New Delhi, India, on Nov. 12, 2018.ANUSHREE FADNAVIS/Reuters Twitter Inc TWTR-N co-founder Jack Dorsey took aim at the social media company’s board in a series of tweets late on Monday as it weighs Elon Musk’s $43-billion takeover offer. Dorsey, … Read more

Alberta Health Services CEO removed as provincial government forges ahead with plans to revamp care

Alberta Health Services CEO removed as provincial government forges ahead with plans to revamp care

CEO of Alberta Health Services Dr. Verna Yiu provides a COVID-19 update in Edmonton, on Sept. 3, 2021.JASON FRANSON/The Canadian Press Alberta’s health authority has removed its chief executive officer, as the government argues that “renewed” leadership will help propel its plans to revamp care in the province. Alberta Health Services, which is structured as … Read more