The Alberta government has had a long and generally dismal record of diversifying away from oil and gas since the oil price shocks of the 1970s made the industry the cornerstone of the provincial economy. One of the few successes has been petrochemicals, whereas the most costly failures include a cellphone company, hazardous waste treatment plant, a pulp mill and a magnesium smelter.
September 10, 2020, 10:12 AM MDT
As the federal government prepares for what it says will be a green economic recovery, an Alberta cabinet minister wants assurances it also will be a market-driven recovery.
September 10, 2020, 6 AM MDT
The Alberta Indigenous Opportunities Corporation (AIOC) as its first equity investment has provided a $93 million loan guarantee, backstopped by the Alberta government, to a consortium of six Alberta First Nations to enable their participation in a natural gas-fired power generation project near Edson.
September 10, 2020, 12 AM MDT
September 10, 2020, 7:46 AM MDT
The Alberta energy department says that as of Sept. 4, 2020, it had approved $198 million in funding that is being allocated to 306 Alberta-based companies under its $1-billion, federally funded Site Rehabilitation Program (SRP).
September 9, 2020, 8:29 AM MDT
Canada’s energy and natural resources will play a critical role in the development and operation of tomorrow’s green economy, Seamus O’Regan, federal natural resources minister, told a global natural gas conference Monday.
September 9, 2020, 7:15 AM MDT
The energy transition benefits both from the agility and creativity of smaller, fresh enterprises, as well as the long-established resources and capital of the large legacy oil and gas companies, this week’s Gastech Virtual Summit heard.
September 9, 2020, 11:01 AM MDT
An international environmental watchdog says in certain situations there is scientifically valid evidence of oilsands process-water (OSPW) seepage into near-field groundwater around tailings pond, a new report stated.
September 4, 2020, 9:32 AM MDT
September 3, 2020, 6 AM MDT
September 3, 2020, 6 AM MDT
Alberta’s “oil and gas centric” regulatory system can present significant barriers to technology companies looking to repurpose inactive wells for cleantech uses, webinar participants heard Tuesday.
September 2, 2020, 12 AM MDT
September 1, 2020, 12 AM MDT
Kraken Robotics Inc. will receive a $2.91 million non-refundable financial contribution from the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP).
August 31, 2020, 12 AM MDT
The Alberta government’s deficit for 2020/2021 will balloon to $24.2 billion, thanks to a plunge in revenue and higher spending to grapple with the COVID-19 pandemic.
August 27, 2020, 10:03 AM MDT
A $1.5 billion provision was estimated in Budget 2019 for divestment of crude-by-rail (CBR) contracts in 2019/2020. Not all of the contracts were assigned, and some costs continue, therefore $866 million was reported in expense for 2019/2020, the Alberta government noted this morning in its Q1 fiscal update.
August 27, 2020, 10:07 AM MDT
August 27, 2020, 11:32 AM MDT
Natural gas, including a reworked petrochemical incentive program, will be a key part of the Alberta government’s economic recovery plan to stimulate the economy and get Albertans back to work, says the minister responsible for natural gas.
August 26, 2020, 8:15 AM MDT
Joe Biden, the Democratic Party nominee for the U.S. presidency, upped the ante for his Clean Energy Revolution yet again on August 11, by selecting California Senator Kamala Harris as his running mate. Harris is a hardcore backer of the Green New Deal — and supporter of a fracking ban as well — having sponsored a draft legislative proposal related to it with Democrat firebrand Alexandria Ocasio-Cortez, the first-term House Representative from New York State.
August 26, 2020, 7:33 AM MDT
Doug Schweitzer has moved from justice and solicitor general to serve as minister of jobs, economy and innovation.
August 25, 2020, 3:21 PM MDT
August 25, 2020, 8:02 AM MDT
A 2004 Supreme Court of Canada decision which confirmed that the government has a duty to consult and accommodate has transformed the landscape for Indigenous communities with natural resources, a recent webinar on Indigenous engagement with the Canadian energy economy was told.
August 24, 2020, 7:51 AM MDT
While the federal government has committed to introducing legislation to implement the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), it needs to be clear what that means, a recent webinar on Indigenous engagement with the resource industry was told.
August 24, 2020, 9:45 AM MDT
The idea of a green recovery as Canada seeks to rebuild the Canadian economy coming out of the COVID-19 pandemic “isn’t a zero sum or an either/or conversation,” when it comes to the oil and gas sector, an Indigenous member of an independent task force on the recovery said Thursday.
August 21, 2020, 6 AM MDT
August 21, 2020, 7:40 AM MDT
The Canada Emergency Wage Subsidy (CEWS) proved to be an important lifeline during the second quarter for many oilfield service workers, with several companies taking advantage of the COVID-19 downturn relief program.
August 20, 2020, 6 AM MDT