In its first budget tabled this afternoon, the UCP government forecast an $8.7 billion deficit in 2019/2020, which includes provisions and contingencies, such as $1.5 billion for cancelling crude-by-rail. It expects to reverse years of red ink by successive PC and NDP administrations by 2022/2023 when it forecasts a surplus of $600 million.
October 24, 2019, 3:18 PM MDT
The Alberta government’s fiscal plan reflects a provision of $1.5 billion in 2019/2020 to “extricate taxpayers from the crude-by-rail program hastily put in place in the final 30 days of the last government’s mandate.”
October 24, 2019, 3:20 PM MDT
The Alberta government is expecting to bring in $6.53 billion in total non-renewable resource revenue for 2019/2020, up from $5.43 billion the previous fiscal year. It then is expected to fall to $5.39 billion in 2020/2021.
October 24, 2019, 3:22 PM MDT
Natural gas and by-product royalties for Alberta are estimated at $362 million in 2019/2020, 32.5 per cent lower than in 2018/2019, due primarily to lower production, with the Alberta reference price (ARP) relatively flat.
October 24, 2019, 3:24 PM MDT
The Alberta government expects a “leaner” Alberta Energy Regulator (AER), it said in its budget tabled today.
October 24, 2019, 3:25 PM MDT
Prime Minister Justin Trudeau and his Liberal party may have won a strong minority mandate on Oct. 21, following four-years of majority rule, but this does not mean the sky will continue to fall for the western Canadian oil and gas industry. It partly depends on how Trudeau decides to secure majority votes in the House of Commons, and to a greater degree whether the massive Indigenous-led Eagle Spirit Energy Corridor project moves forward.
October 23, 2019, 8:52 AM MDT
Canadians have spoken, voting in a Liberal minority government on Oct. 21. As the name implies, minority governments have less power since they need to collaborate with other parties to pass legislation.
October 23, 2019, 9:03 AM MDT
Three senior executives of the Alberta Energy Regulator (AER) have left the AER, the regulator said today.
October 23, 2019, 11:35 AM MDT
Calling it a ‘first measure of good faith,’ Premier Jason Kenney called on Prime Minister Justin Trudeau not to make any deals with the NDP, the Bloc Quebecois or the Green Party that could endanger progress on the TMX pipeline.
October 23, 2019, 9:58 AM MDT
The federal election result of a minority Liberal government will create even further uncertainty for an already beleaguered oil and gas sector, the leaders of industry associations say.
October 22, 2019, 12:05 PM MDT
Former prime minister Kim Campbell famously said that elections are no time to discuss serious issues. She was roundly critiqued for the statement, but looking at energy and environment in the federal election you can understand what she was getting at.
October 22, 2019, 9:25 AM MDT
Natural Resources Minister Amarjeet Sohi was defeated in his Edmonton-Mill Woods riding, adding to the post-election uncertainty.
October 22, 2019, 2:33 PM MDT
October 21, 2019, 11 AM MDT
October 18, 2019, 7:30 AM MDT
Energy and the environment continue to be hot topics as the Oct. 21 federal election beckons and the four main parties have divergent platforms on the files, a situation that is likely putting Canadian oil and gas management teams even more on edge.
October 16, 2019, 6 AM MDT
Key highlights of the Liberal, Conservative, NDP and Green platforms as they relate to energy and the environment.
October 16, 2019, 6 AM MDT
October 16, 2019, 7:45 AM MDT
October 15, 2019, 7:32 AM MDT
Companies that invest in clean energy equipment can now write off 100 per cent of the investments, as opposed to the previous rate of 25 per cent in the first year.
October 11, 2019, 8:42 AM MDT
A former Alberta journalist has been named managing director of the $30 million government-funded Canadian Energy Centre that will fight for the oil and gas sector and the Albertans it employs, Alberta Energy Minister Sonya Savage said Wednesday.
October 10, 2019, 3:58 AM MDT
Calling it a new day for responsible resource development in the spirit of reconciliation, the Alberta government introduced legislation to help Indigenous groups gain ownership in natural resource projects.
October 8, 2019, 5:25 PM MDT
The recommendations of three independent officers of the Legislative Assembly of Alberta who investigated the Alberta Energy Regulator’s (AER)International Centre of Regulatory Excellence (ICORE) will inform the government’s review of the regulator, say the ministers overseeing the review.
October 7, 2019, 12 AM MDT
Alberta Energy Regulator (AER) employees and resources were diverted to the not-for-profit International Centre for Regulatory Excellence incorporated by Jim Ellis, the regulator’s former president and CEO, an investigation by the province’s public interest commissioner has determined.
October 7, 2019, 9:41 AM MDT
Separate investigations by three independent officers of the Legislative Assembly of Alberta into activities at the Alberta Energy Regulator (AER) and the International Centre of Regulatory Excellence (ICORE) found a conflict of interest by the former CEO of the AER, Jim Ellis, gross mismanagement and waste of public resources, and critical failures related to board oversight and management override of internal controls.
October 4, 2019, 11:07 AM MDT
A discussion about the future of Canadian natural resources and climate change must start with fact, Alberta’s energy minister said Wednesday.
October 3, 2019, 12 AM MDT