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Alberta has lost 35,000 oilpatch jobs, petroleum producers say
Alberta has lost 35,000 oilpatch jobs, petroleum producers say With cuts more likely to come in the fall. Less than a year ago, Alberta was still complaining of a labour shortage. Schools couldn’t find bus drivers, job vacancy rates were the highest in the country. It’s no secret that the situation has changed. The Canadian Association of […]
It Gets Even Uglier In Canada
It Gets Even Uglier In Canada The Province of Alberta, the epicenter of the Canadian oil bust, may be sliding into something much worse than a plain-vanilla recession. And it’s not exactly perking up the rest of Canada. Layoffs are already cascading through the oil patch, as companies are retrenching and adjusting to the new […]
Explosion At Syncrude’s Mildred Lake Site, All Workers Are Safe
Explosion At Syncrude’s Mildred Lake Site, All Workers Are Safe FORT MCMURRAY, Alta. — An explosion at a Syncrude oilsands processing site near Fort McMurray has interrupted operations at the facility. Ryan Bartlett with the Alberta Energy Regulator says the blast happened early Saturday morning at Syncrude’s Mildred Lake site. Bartlett says in an email that the […]
Big Oil in Retreat
Big Oil in Retreat On July 14, 2011, at TomDispatch, Bill McKibben wrote that he and a few other “veteran environmentalists” had issued a call for activists to descend on the White House and “risk arrest to demand something simple and concrete from President Obama: that he refuse to grant a license for Keystone XL, a new pipeline […]
Alberta climate-change panel to consult before taking action
Alberta climate-change panel to consult before taking action Environment Minister Shannon Phillips takes step toward ‘made in Alberta’ plan Alberta’s NDP government took a first step toward a new climate change strategy Friday, but made it clear that new emissions targets and the policies to implement them will have to wait until the end of a […]
Oilsands companies feel the pain as Canadian oil price falls
Oilsands companies feel the pain as Canadian oil price falls Alberta companies at break-even point or losing money as heavy crude sinks below $24 US a barrel A drop in Canadian oil prices this week means companies in Alberta’s oilsands are breaking even or losing money on their operations. Currently, oilsands companies are receiving about […]
Syncrude bird deaths, Nexen pipeline spill show oilsands’ degradation of ecosystem: First Nation
Syncrude bird deaths, Nexen pipeline spill show oilsands’ degradation of ecosystem: First Nation ‘Something is seriously wrong,’ says Athabasca Chipewyan First Nation The recent bird deaths at a Syncrude oilsands facility in northern Alberta along with last month’s Nexen Energy pipeline spill — one of the biggest in the province’s history — show the need for better oversight, a local […]
‘Perfect Storm’ Engulfing Canada’s Economy Perfectly Predictable
‘Perfect Storm’ Engulfing Canada’s Economy Perfectly Predictable Years ago Andrew Nikiforuk, citing experts, warned where Stephen Harper’s priorities would lead us. Economists, an irrational tribe of short-sighted mathematicians, are now calling Canada’s declining economic fortunes “a perfect storm.” It seems to be the only weather that complex market economies generate these days, or maybe such […]
Recession Risk Mounting For Canada
Recession Risk Mounting For Canada The latest economic data from Canada shows that it is inching towards recession, after its economy posted its fifth straight month of contraction. Statistics Canada revealed on July 31 that the Canadian economy shrank by 0.2 percent on an annualized basis in May, perhaps pushing the country over the edge into recessionary […]
TransUnion expects spike in debt delinquencies in Alberta, Saskatchewan
TransUnion expects spike in debt delinquencies in Alberta, Saskatchewan Alberta and Saskatchewan will soon see a ‘sharp’ increase in the number of people falling behind on their debts for the rest of this year, credit agency TransUnion says. The debt monitor said in a study released Wednesday that it is expecting the number of consumer credit […]
Beef prices could rise further with cruel Alberta drought
Beef prices could rise further with cruel Alberta drought Herd size expected to shrink as ranchers sell off cattle The price of steaks, roasts and other cuts of beef are expected to increase further because of drought conditions in Alberta, although it may take about a year before consumers feel the full bite on store shelves. Retail […]
Will ‘Corner Office Syndrome’ Be The Downfall Of Canada’s Oilfield Services?
Will ‘Corner Office Syndrome’ Be The Downfall Of Canada’s Oilfield Services? No sector of the economy should be considering the urge to merge more than Canada’s beleaguered oilfield services (OFS) business. The signals are powerful: overcapacity in virtually every product and service line; prices down to slimmest of margins; bankers are unhappy and getting twitchy; […]
Nexen’s Brand New, Double-Layered Pipeline Just Ruptured, Causing One of the Biggest Oil Spills Ever in Alberta
Nexen’s Brand New, Double-Layered Pipeline Just Ruptured, Causing One of the Biggest Oil Spills Ever in Alberta A pipeline at Nexen Energy’s Long Lake oilsands facility southeast of Fort McMurray, Alberta, spilled about five million liters (32,000 barrels or some 1.32 million gallons) of emulsion, a mixture of bitumen, sand and water, Wednesday afternoon — […]
Calgary thunderstorm causes power outages, flooding in Chestermere
Calgary thunderstorm causes power outages, flooding in Chestermere Lightning advisory that grounded all flights at Calgary airport now lifted People in Calgary woke up with a bang early Sunday morning as a line of thunderstorms hovered over the city, bringing lightning, power outages and overland flooding in communities to the east. As the storms moved eastward, […]
Supreme Court Rejects Argument to Dismiss Landmark Fracking Case
Supreme Court Rejects Argument to Dismiss Landmark Fracking Case Jessica Ernst’s charter claim hearing slated for 2016. The Supreme Court of Canada has rejected a motion by the country’s most powerful energy regulator that Jessica Ernst’s case involving fracking and groundwater contamination raises no significant constitutional claim and should be dismissed. Chief Justice Beverley McLachlin ruled that […]
