ATB Financial says its ownership of Calgary investment firm AltaCorp Capital is growing from a minority to a majority interest under succession provisions triggered by the sudden death of AltaCorp founder and CEO George Gosbee in November.

Calgary businessman George Gosbee has died at the age of 48.

An analyst says the shelving of TransCanada Corp.'s (TSX:TRP) Energy East pipeline means it's more vital than ever that three other pipelines to oil export markets proceed as planned.