Even though total production has been higher under the UCP, the pace at which it has grown has slowed.
Since 2014, Alberta’s oil & gas industry has increased annual production to an additional 4.1 million cubic metres. But they did it with 34,000 fewer workers.
Last month, Alberta’s oil and gas minister—er, I mean, energy minister—Sonya Savage tweeted out that 2021 saw oil production at record-breaking levels. Her tweet linked to an article written by Rob Roach, deputy chief economist at ATB Economics, which said that oil production was up 8% in 2021, reaching a new high of 1.32 billion […]
But we’re still below 2018 levels.
It seems as though I can’t go anywhere online lately without someone complaining that the NDP shut down the oil and gas sector in Alberta. But how true is that claim?
The UCP’s goal to have a $714 million surplus by 2023 seems to be drifting further and further away.
And all Alberta has to show for it is $91 million in shares should the project ever sell off pipeline components.
Yep. You read that right. Negative $212 million.
Sonya Savage was salivating over the announcement that Line 3 is supposed to be operational today. And she wants the rest of us to, as well.
Tourmaline Oil Corp., a Calgary-based oil and gas company, has been meeting with Alberta government officials since last summer asking them to consider making changes to municipal taxes. According to the Alberta Lobbyist Registry, the company hired the Toronto-based lobbying firm Counsel Public Affairs Inc. last August. Two days later, CPA filed an initial return […]