Alberta crude production cuts expected to create winners and losers: analysts

Oil production cuts announced by the Alberta government will have the desired outcome of reducing steep discounts on its oil, but it will also create winners and losers, financial analysts say. Shares in the companies most likely to benefit from the move to curtail crude production from larger producers starting Jan. 1 soared Monday as […]

Investor pressure drives Royal Dutch Shell to take action on climate change

Welcome to The National Today newsletter, which takes a closer look at what’s happening around some of the day’s most notable stories. Sign up here and it will be delivered directly to your inbox Monday to Friday. TODAY: Royal Dutch Shell becomes first energy giant to set short-term greenhouse gas reduction targets, linking them to executive pay. The western Hudson […]

Alberta Energy Regulator executive found billing for travel from B.C. residence

A second executive with the Alberta Energy Regulator is billing the organization for travel expenses because the person is living in B.C. The AER tells CBC News its board of directors wasn’t aware of the situation. The AER is the single regulator of energy development in Alberta — from application and exploration, to construction and operation, to decommissioning, closure and […]

Eye-roll nation: Why our sympathy for economic pain often stops at provincial borders

You could almost hear Albertans’ eyes roll in unison this week, as Unifor president Jerry Dias exited a meeting with Prime Minister Justin Trudeau, stood before the national press gallery and described the auto-manufacturing sector as the “most important industry in the country.” The sense out west was: Of course an Ontarian would say that. It’s understandable how Albertans could […]

Winter is coming for the North American economy: Don Pittis

In the sword-and-dragon fantasy Game of Thrones that has captured a huge following of readers and television viewers, characters periodically share the ominous warning, “Winter is coming.”  As oil plunges to new lows, as the U.S.-China trade war threatens global commerce, as interest rates rise, as Canadian house prices teeter and climate change menaces the world, the North American economy faces a […]

If Albertans want to avoid fiscal disaster, the only choices left are difficult ones

Alberta’s economy is facing a “crisis,” according to Premier Rachel Notley. She’s right. Pipeline constraints and lower oil prices are hurting our energy sector and our provincial budget.  As Notley says, it’s a “real and present danger to the Canadian economy.” When Prime Minister Justin Trudeau visits Calgary later this week — ground zero of Canada’s fiscal and […]

Why tech giants don’t invest tax cuts in American jobs: Don Pittis

More than $100 billion US in tax cuts that were supposed to “make America great again” went into the pockets of well-off investors in U.S. tech companies, according to new research by one of the world’s most influential business newspapers. Just as tech share prices show signs of weakness, there are growing worries that instead […]

Imperial Oil forges ahead with construction of $2.6B Aspen oilsands project

Imperial Oil Ltd.’s commitment to begin construction this year on its $2.6-billion Aspen oilsands project in northern Alberta comes less than a week after it received long-awaited approval from the Alberta government. The speed of the announcement Tuesday surprised observers who have watched Calgary oilsands rivals including Canadian Natural Resources Ltd., Cenovus Energy Inc. and […]

Second Cup converting 2 Alberta cafés to cannabis dispensaries, will review rest of chain

The Second Cup Ltd. says it has started a strategic review of the coffee chain company despite reporting improved financial results and is continuing on its plan to sell recreational cannabis. The company says its board recognizes the need for the chain to continue to evolve and it now has the capacity to support a […]