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Tag Archives: Alberta

Encana Corp delays Alberta gas plants until royalty review concludes, boosts Texas spending


CALGARY – Encana Corp. will push “pause” on a natural gas processing plant in northwestern Alberta until the results of a provincial royalty review are in and spend its money in Texas instead. “It’s only prudent to say, ‘We need to know the rules of the game before we start …

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Alberta gives the oilsands a climate change deal it can live with


Alberta announced Sunday a sweeping climate change policy to show it is “bucking up” — including $3 billion in carbon taxes that will pick everyone’s pockets and make for a super-fast transition from coal to renewable energy. But it also protects the oilsands industry by putting a cap on overall …

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Oilsands awaits NDP prescription: Spotlight on Alberta in national drive to reduce greenhouse gas emissions


Alberta Premier Rachel Notley is getting ready to roll out the NDP’s new provincial climate change strategy. By all indications, oilpatch enemies hoping for a final deathblow to the oilsands will be disappointed. Obama betrayed America’s closest ally over Keystone XL to prop up climate change legacy Claudia Cattaneo: Canadians …

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TransAlta Renewables gets $200M investment from Alberta fund manager AIMCo


CALGARY – Alberta’s provincially owned investment management company bought a $200-million stake in a local renewable power provider Monday, the day after the province announced it would phase out coal-fired electricity generation. Alberta Investment Management Corp., which manages more than $75-billion worth of investments from the province’s government pension funds, …

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Alberta’s move to green energy seen adding $7 billion in power company debt


Canada’s dirtiest province is cleaning up its act, and that’s expected to result in $7 billion (US$5.2 billion) in new debt from power companies such as TransAlta Corp. to fund green energy projects in the coming years. Secret deal on carbon emissions divides oilpatch EXCLUSIVE: A bargain between four of …

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Alberta Premier Rachel Notley facing backlash over oilsands emissions cap


After winning about five minutes worth of approval from the environmental movement for capping greenhouse gas emissions in the oilsands, Alberta Premier Rachel Notley is facing the uncomfortable task of deciding which projects get to benefit from her now-limited carbon budget. Tax hikes, carbon caps and now $37 crude: For …

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Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business


CALGARY — Alberta’s aggressive climate change plan is causing anxiety among its energy consumers and producers, who have historically relied on abundant fossil fuels resources. But at least one company, Emera Inc., is excited about its forced transition to clean energy. Alberta’s move to green energy seen adding $7 billion …

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Alberta’s credit rating downgraded on concerns over rising debt


CALGARY – Alberta Finance Minister Joe Ceci said Friday he is disappointed to see the province lose its top credit rating, but doesn’t expect the move will affect Alberta’s borrowing costs. “Obviously we are disappointed by today’s report, but the steep drop in the price of oil is hitting Alberta …

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Perpetual Energy Inc shares plunge as Alberta Securities Commission rules in favour of its rights offering


CALGARY – Perpetual Energy Inc.’s share price plunged more than 20 per cent Thursday after securities regulators ruled in favour the company’s planned $25 million rights offering. Lawyers for Perpetual argued at an Alberta Securities Commission hearing Tuesday and Wednesday that an application to cease trade the offering would have …

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Alberta’s clean-tech sector could be one of the province’s few growth businesses in 2016


CALGARY – While many companies that service the oil and gas industry are struggling with record-low demand for their expertise, Scott Nelson and his team have become steadily busier in recent weeks. Oilfield services companies face a 2016 where there’s little left to cut As prices started receding in November …

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