AltaGas Ltd. (ALA.TO), an infrastructure company, on Monday said it has reached a new five-year labour agreement with the International Longshore and Warehouse Union Local 523B at its Ridley Island Propane Export Terminal (RIPET), bringing an end to a 28-day labour disruption. The agreement has been fully ratified, and union employees returned to work on December 25, the company said.
AltaGas noted that RIPET plays a critical role in supporting Canada's growing economic and energy ties with Asia by providing an outlet for Canadian propane to reach high-value global markets.
By sustaining ratable service throughout the labour disruption, the company said it reinforced key trade relationships and upheld Canada's reputation as a reliable, long-term energy supplier to meet Asia's growing demand.
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