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Federal oil bailout money is being spent – but where?

November 15, 2019

Canada’s $1.6-billion bailout package for Alberta’s battered oil industry is well underway – but with little transparency about who is getting the money and for what. According to Canadian Press, almost $1 billion of the package of loans, guarantees and

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Carbon-cutting benefits of LNG touted in report

November 15, 2019

Liquefied natural gas (LNG) from Canada can further boost the carbon-cutting benefits of LNG, according to the International Energy Agency’s (IEA) 2019 World Energy Outlook. “The International Energy Agency’s recognition of the contribution B.C.’s LNG facilities can make to maximizing reductions in

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Steel Reef acquires gas assets from Crescent Point Energy

November 15, 2019

Crescent Point Energy Corp. has announced that it has entered into a definitive agreement to sell certain associated gas infrastructure assets in Saskatchewan to Steel Reef Infrastructure Corp. for $500 million. “Through the sale of these gas infrastructure assets, we will unlock value

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Muttart Foundation describes anti-oil inquiry as undemocratic

November 15, 2019

An established Edmonton charity that has supported philanthropy in the community for more than 65 years says the provincial government’s inquiry into so-called anti-Alberta activities is polarizing, undemocratic and unfounded. In a 174-page letter to inquiry commissioner Steve Allan, the Muttart Foundation told

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Shell vows to stand by Oil Sands

November 15, 2019

Royal Dutch Shell Plc is reassuring investors, workers, and anyone else who will listen that it’s the international oil major that’s staying in Canada as others pull up stakes. Shell’s future in the country is largely as a natural gas

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Zero growth predicted for the Oil Sands in 2020

November 14, 2019

Premier Jason Kenney vowed to keep fighting for Alberta’s slumping oil and gas sector as the industry unveiled another disappointing drilling forecast and criticism surfaced from an unlikely source, the Swedish central bank. According to Canadian Press, a sold-out crowd applauded several times Wednesday as

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Texas twice as attractive to investors than Alberta: study

November 14, 2019

A new survey of petroleum-sector executives released today by Canadian think-tank the Fraser Institute states that Texas is more than two times as attractive than Alberta for oil and gas investment. “Canada’s onerous and uncertain regulations, along with our dearth

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Kenney returns fire on Bloc leader’s comments

November 14, 2019

Alberta Premier Jason Kenney says Bloc Quebecois Leader Yves-Francois Blanchet needs to “pick a lane.” Kenney reacted in Calgary to comments the national separatist-party leader made after a meeting with Prime Minister Justin Trudeau in Ottawa. Blanchet told Canadian Press anyone seeking more independence

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Co-op Refinery workers frustrated after mediation breaks down

November 13, 2019

Nearly 800 workers at the Co-op Refinery are disappointed that mandatory mediation made little to no progress with the employer and they are still without a fair deal that doesn’t include concessions. “We are disappointed Federated Co-operatives Limited (FCL) continues

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Questions remain over lack of competition in B.C. gas market

November 13, 2019

British Columbia Premier John Horgan says he plans to ask Prime Minister Justin Trudeau’s government to review the province’s gas and diesel industry after a report released Tuesday questions the competitiveness of the market. Horgan called an inquiry in May when