Alberta had no business pumping public money into Keystone XL

Given what was known about Keystone XL, it’s hard to understand the decision-making the government undertook to buy into the scheme

Alberta had no business pumping public money into Keystone XLThe long-suffering citizens of Alberta recently learned that they’re on the hook for yet more billions of dollars via an ill-advised investment in an oil pipeline. The Keystone XL project was festooned with red flags well before the injection of hard-earned and now lost taxpayer funds. Political risk can be hard to quantify but it’s…

Alberta’s Budget 2021 shows a lack of effort to find savings

The UCP government is spending more than the NDP

Alberta’s Budget 2021 shows a lack of effort to find savingsAlberta’s Budget 2021 blew the roof off spending restraint, leaving taxpayers with a simple question: businesses and families have found ways to save money during the pandemic and downturn, so why is the Alberta government the only place that can’t find savings? To be fair to Finance Minister Travis Toews, he is finding some savings…

Alberta should be at the forefront of the shift to electric vehicles

We need a national mining strategy so Canada can supply the global market with the lithium needed for electric vehicle batteries

Alberta should be at the forefront of the shift to electric vehiclesPolitical pundits, politicians and talking heads in the media for the most part spend very little time watching for disruption and innovation in the marketplace. A global consensus has formed that oil as a form of transportation energy should become a stranded asset. Alberta’s vast lithium reserves mean the province can forget about yesterday and…

Tone deaf CEOs think Albertans need to pay higher taxes

Business Council of Alberta that thinks the government should consider a provincial sales tax and carbon tax

Tone deaf CEOs think Albertans need to pay higher taxesMore than 90 big-wig business executives think you don’t pay enough taxes. It’s all laid out in a report released by the Business Council of Alberta that thinks the government should consider a provincial sales tax and carbon tax. The BCA’s website refers to itself as “a group of over 90 chief executives from across…

Oil prices rise as Texas drops into deep freeze

But how long will the bull run last?

Oil prices rise as Texas drops into deep freezeWith the Brent crude oil price touching $65 last week, markets have entered the hot zone. Inclement weather, the resultant rising demand for heating, a dip in United States output and the unilateral Saudi output cut all helped to tighten the markets, contributing to the bull run. Parts of the U.S. have been in a…

Equalization referendum is crucial step in Alberta’s fight for fairness

There’s only one way for Albertans to get a fair deal in Canada: fight for it

Equalization referendum is crucial step in Alberta’s fight for fairnessPrime Minister Justin Trudeau has made one thing clear: he’s not going to hand Alberta a fair deal on a silver platter. There’s only one way for Albertans to get a fair deal: fight for it. The next step in our fight for fairness is this year’s equalization referendum. The equalization referendum on Oct. 18…

Insurers walking from oil sands projects defies logic

By every measure, Canada is a beacon of civil, political and economic rights

Insurers walking from oil sands projects defies logicBy Mark Milke and Lennie Kaplan Canadian Energy Centre Over the past two years, three insurance companies from Europe – Axa, Zurich and Swiss Re – announced plans to stop insuring Canadian oil sands projects, and reduce or entirely eliminate investments in the oil and gas sector. The reason offered is the standard refrain: assumed…

Alberta taxpayers need some wins in upcoming legislative session

An Alberta Taxpayer Protection Act, recall legislation, and a fair deal for the province within Canada a good place to start

Alberta taxpayers need some wins in upcoming legislative sessionWith the Alberta government steamrolling towards a $100-billion debt tab, things aren’t exactly rainbows and lollipops for taxpayers these days. Fortunately, there are three ways MLAs can help taxpayers get ahead in the upcoming legislative session: increase government accountability, find savings at the top of the bureaucratic pyramid and reignite Alberta’s fight for fairness. It’s…

Cautious optimism as crude oil prices climb

Some observers see prices moving even higher as refiners increase processing rates to meet rising product demand

Cautious optimism as crude oil prices climbOil extended its longest winning streak in two years last week. Crude oil prices climbed more than nine per cent, as the Organization of Petroleum Exporting Countries and its allies in OPEC+ curbed supplies, depleting global oil inventories. A United States government report also indicated that U.S. domestic oil stockpiles have fallen by 6.6 million…

Alberta must reject tax hikes and commit to balancing the budget

Albertans need tax hikes like they need a hole in the head

Alberta must reject tax hikes and commit to balancing the budgetBudget 2021 is right around the corner and there’s two commitments taxpayers expect from Finance Minister Travis Toews: no tax hikes and a plan to balance the budget. Albertans need tax hikes like we need a hole in the head. Alberta lost 73,000 jobs over the last year. Businesses can’t afford higher taxes either. About…