Alberta’s Keystone XL investment benefits oil companies more than Albertans
by Ian Hussey | April 2, 2020
Earlier this week, Premier Jason Kenney announced that the Government of Alberta will borrow money to debt finance the construction of TC Energy’s Keystone XL (KXL) pipeline. More specifically, the Alberta government is making an equity investment in TC Energy of $1.5 billion CAD in 2020, and the government will provide a backstop for the pipeline through a $6 …
Bailout for people and communities, not oil and gas industry
by Angela Carter | March 26, 2020
Canada is in an economic tailspin due to the COVID-19 pandemic, echoing the worst months of the Great Depression. Yet while millions of Canadians need support to pay for basic necessities, a powerful group of oil company CEOs and lobbyists has insisted on a multi-billion dollar handout from the federal government, to be released any …
Governments should support oil sands workers, not companies
by Ian Hussey | March 24, 2020
About two weeks ago, my new Corporate Mapping Project report on the future of Alberta’s oil sands industry was published. The report analyzes how the oil sands industry, in the early years of the mature phase of its business life cycle, is producing more bitumen with less capital and fewer jobs. The figure below, produced by earth …
Oil sands spending and productivity figures indicate majority of lost jobs not likely to return – new report
by Ian Hussey | March 10, 2020
As debate continues to rage over pipelines for Alberta’s oil, a new Corporate Mapping Project report analyzes how the oil sands industry, in the early years of the mature phase of its business lifecycle, is producing more bitumen with less capital and fewer jobs. “Since the 2014 oil price crash, advancements in extractive technologies and …
