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Global Recession? The Canadian Economy Shrinks At The Fastest Pace Since The Last Financial Crisis
Global Recession? The Canadian Economy Shrinks At The Fastest Pace Since The Last Financial Crisis Things have not been this bad for the Canadian economy since the last global recession. During the second quarter of 2016, Canada’s GDP contracted at a 1.6 percent annualized rate. That was the worst number in seven years, and it […]
Summer gas prices forecast to remain stable
Summer gas prices forecast to remain stable Western Canada facing gas shortages, oil supply cut from wildfires Canadian motorists shouldn’t expect increases at the pumps as summer gas prices are expected to remain stable. (Canadian Press) Mark Gollom is a Toronto-based reporter with CBC News. He covers a wide range of topics, including Canadian and […]
Wildfire Nears Canada’s Major Oil Sands Plants
Wildfire Nears Canada’s Major Oil Sands Plants A massive wildfire raging through the northern part of Alberta has swelled in size and surged north of Fort McMurray, destroying an evacuated oil sands camp on Tuesday and it is projected to encroach on major facilities shortly. The flames consumed a 665-room oil-sands work camp north of […]
We are all Albertans now
We are all Albertans now It would be easy–too easy–to point to the wildfires which have devastated huge areas of northern Alberta near Fort McMurray, the hub of tar sands mining in Canada, and say that Albertans are reaping what they have sown. Yes, it’s true that climate change is coming to one of the very […]
Fort Mac Blaze: Brace for New Era of Infernos
Fort Mac Blaze: Brace for New Era of Infernos What’s turning northern forests into tinder? Biggest reason is climate change, but that’s not all. A police officer surveys smoldering devastation wrought by wildfire in Fort McMurray on May 5, 2016. Source: RCMP Alberta. A sudden shift in the wind at a critical time of day […]
Welcome To Hell: The Giant Fort McMurray Fire Is The Worst Blaze In Canadian History
Welcome To Hell: The Giant Fort McMurray Fire Is The Worst Blaze In Canadian History The gigantic wildfire that has forced the evacuation of the entire city of Fort McMurray in northern Alberta has been nicknamed “the Beast“, and mainstream news reports are telling us that it is now approximately 25 percent larger than New […]
“Out Of Control” Canada Wildfire Could Double In Size Today: Fort McKay Evacuated
“Out Of Control” Canada Wildfire Could Double In Size Today: Fort McKay Evacuated Since we first reported on the massive fire (and the fallout) that was burning in Canada’s oil sands gateway, Fort McMurray, things have gone from bad to worse. Today we learn that the fire that has already devastated 600 square miles, growing an additional 50% […]
More evacuation orders issued for Fort McMurray area
More evacuation orders issued for Fort McMurray area Anzac, Gregoire Lake Estates and Fort McMurray First Nation forced to evacuate late Wednesday Many evacuees forced from their Fort McMurray homes by wildfire Tuesday are on the move once again. Three communities south of Fort McMurray, one including an evacuation centre, were ordered to leave as changing weather patterns turned […]
Exclusive: Release of Inspection Reports From TransCanada’s Keystone Pipeline Expose Risk of Future Spills
Exclusive: Release of Inspection Reports From TransCanada’s Keystone Pipeline Expose Risk of Future Spills The US government agency responsible for interstate pipelines recorded a catalog of problems with the construction of TransCanada’s Keystone Pipeline and the Cushing Extension, a DeSmog investigation has found. Inspectors at the US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) observed TransCanada’s […]
Why Canada’s Oil Industry May Never Be the Same
Why Canada’s Oil Industry May Never Be the Same Never is a long time. The dictionary definition is, “at no time in the past or future; on no occasion; not ever.” In the volatile oil and gas industry, those who try to look that far into the future and predict anything with certainty are invariably […]
A carbon tax is bad for Alberta
A carbon tax is bad for Alberta Yesterday, Alberta Premier Rachel Notley asserted that Canada was “absolutely” closer to a new pipeline due to her province’s new carbon tax. According to the premier, “Alberta is not the Alberta that they thought of a year ago, or two years ago, or three years ago. After years of […]
“We Haven’t Seen This Is In Our Lifetimes” – CEO Says “Alberta Is In A Depression”
“We Haven’t Seen This Is In Our Lifetimes” – CEO Says “Alberta Is In A Depression” Regular readers know that we’ve covered Alberta’s decline at length (refresher here), so there is no need to give much of a backstory other than to say that the situation seems to get worse for the Canadian province as each […]
Canadian Oil Industry No Longer Sees Alberta Advantage
Canadian Oil Industry No Longer Sees Alberta Advantage “Who will stand up for Alberta’s persecuted billionaire community?” the headline of a popular political blog site sarcastically blared after the story broke last month about how wealthy and successful Calgary entrepreneur N. Murray Edwards had apparently relocated his residence to London for tax reasons. The article […]
Alberta and oil prices: How Middle East geopolitics and religion affect our future
Alberta and oil prices: How Middle East geopolitics and religion affect our future Calgary’s economic fortunes enmeshed in decisions made on the other side of the globe Saudi Arabia’s Oil Minister Ali al-Naimi at a news conference following a meeting in Doha, Qatar February 16, 2016. (Naseem Zeitoon/Reuters) Calgary is unlike most other cities. It […]
Steam Injection Fractures Caprock in Big Alberta Spill, Regulator Confirms
Steam Injection Fractures Caprock in Big Alberta Spill, Regulator Confirms Incident highlights fragility of high-cost energy extraction. Large fractures in earth seeped bitumen at one of four well sites operated by CNRL near Cold Lake, Alberta. Photo: CNRL, September 2013. Three years after an eruption of 10,000 barrels of melted bitumen contaminated the boreal forest […]
