overthere Posted November 13, 2015 Report Posted November 13, 2015 OK, maybe it is related.......http://calgaryherald.com/business/energy/encana-shifting-spending-to-texas-from-alberta-on-policy-reviews In a nutshell, Encana has 'deferred' a long planned gas plant in Alberta. It is the latest in an increasingly long string of projects cancelled when faced with the double whammy of low prices(today) and a government they do not trust- actually two governments not trusted now.They have not cut back their overall capital budget, just shifted the expenditures to another country while they wait for the NDP to decide on a royalty regime in Alberta. Encana is purporting waiting to see the results of the royalty review, but in reality the energy industry is abandoning Canada for good reason, and taking many many jobs with it. But hey, the budget will balance itself. Do the math. This Encana bizness is linked to another NDP announcement , their plans to phase out electricity produced by coal power in Alberta and replace it mostly with... natural gas. Its not clear where the gas comes from since projects like Encanas are unlikely to proceed. http://calgaryherald.com/news/local-news/notley-serves-notice-alberta-will-move-to-curb-coal-emissions-hints-at-higher-carbon-levies The hidden script here that really has the industry shaken is the strong possibility that the Alberta government will legislate coal plants out of business without compensation. In any case, between heavy taxation on energy that is clearly forthcoming, and the switch to vastly more expensive electrical generation technologies- Alberta will very soon be joining Ontario as a place that is hostile to investment. Consumers -industrial and residential-can expect some very serious hikes to utility costs. Quote Science too hard for you? Try religion!
overthere Posted November 13, 2015 Author Report Posted November 13, 2015 (edited) And another shoe drops in the imminent slaughter of this source of jobs for our country: Multimillion dollar grant awarded to examine fossil fuel industry in Western Canada The University of Alberta-based Parkland Institute and its partner groups in BC and Saskatchewan have been awarded a multimillion dollar grant to examine the corporations and individuals driving fossil fuel extraction in Western Canada, and their resulting political influence. The Parkland Insititute describes itself as 'non partisan', but is in fact somewhere hard to the left of Mao. It is staffed and funded by universities and labour groups in Alberta. This project- which is phrased carefully as an 'examination' but will be a scholarly hatchet job on the industry and everybody associated with it. The research, papers and conclusions are already done, they'll just have to space out the release over a bit of time to support the charade. This multimillion dollar project is funded by the federal government(the board of the funding source in govt is nearly all civil servants and university faculty) and by Parkland Insititute 'community partners' which is their doublespaeak for public sector unions. Effectively, taxpayer money. Manufacturing sector: disappearing. Resource sector: in the bullseye. Edited November 13, 2015 by overthere Quote Science too hard for you? Try religion!
ReeferMadness Posted November 13, 2015 Report Posted November 13, 2015 So, you're saying that Alberta is now being run by an elected government instead of oil corporations? I can see why you'd find this threatening. Quote Unlimited economic growth has the marvelous quality of stilling discontent while preserving privilege, a fact that has not gone unnoticed among liberal economists. - Noam Chomsky It is difficult to get a man to understand something, when his salary depends on his not understanding it. - Upton Sinclair
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