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
NOVA Gas Transmission Ltd. (NGTL) has challenged concerns raised by intervenors in a Canada Energy Regulator (CER) public hearing on its proposed Edson Mainline expansion project in relation to its effect on their Aboriginal and Treaty rights — the primary issue raised by intervenors during the hearing.
August 20, 2020, 7:34 AM MDT
Bonterra Energy Corp. has entered into a non-binding term sheet with the Business Development Bank of Canada (BDC), in partnership with its syndicate of lenders, for a non-revolving four-year term facility of potentially up to $45 million and subject to formal credit approval from BDC and the syndicate.
August 20, 2020, 3:56 PM MDT
August 20, 2020, 8:16 AM MDT
The Alberta Energy Regulator (AER) will reopen the public hearing into whether privately held Prosper Petroleum Ltd.’s plans to construct and operate the Rigel SAGD project in the Athabasca oilsands is in the public interest.
August 17, 2020, 1:06 PM MDT
August 17, 2020, 7:15 AM MDT
High Arctic Energy Services Inc. has directly applied for hundreds of wells across the first tranches of the Alberta controlled process of the well abandonment and site reclamation plan, receiving only a handful of approvals as the early tranches focused on above ground site reclamation and low complexity works.
August 14, 2020, 7:01 AM MDT
The first part of this four-part series explored Joe Biden’s plan to combat global climate change, while the second part identified his probable policies for the U.S. oil and gas industry upon becoming president.
August 12, 2020, 6 AM MDT
August 12, 2020, 12 AM MDT
August 12, 2020, 10:24 AM MDT
Flyscan Systems Inc. closed a US$4.3 million venture capital financing with strategic investor Enbridge Inc. together with Business Development Bank of Canada's (BDC) Cleantech Practice and Canada's National Optics Institute (INO).
August 11, 2020, 8:27 AM MDT
Énergir says it welcomes the granting of $70 million in financial assistance to support renewable natural gas (RNG) production in Québec, announced by the Minister of Energy and Natural Resources Jonatan Julien.
August 6, 2020, 9:41 AM MDT
The Alberta government is investing $10 million into three projects through the Technology Innovation and Emissions Reduction (TIER) system which came into effect on Jan. 1, 2020.
August 5, 2020, 11:17 AM MDT
August 5, 2020, 12 AM MDT