The Alberta government plans to cap greenhouse gas (GHG) emissions in the province at 100 megatonnes (Mt) annually.
oil and gas
Alberta’s first-quarter fiscal update now expects the province’s operating deficit this year will be $10.9 billion.
Sustained program spending growth by successive governments is the primary reason for the big deficits.
Moving oil by rail is 4.5 times more likely to result in an incident or accident than moving that same oil by pipeline.
If producers reduce the emissions intensity of oilsands production by a modest amount, production losses may total two billion barrels of oil between 2027 and 2040.
The historical record suggests that sharp declines in oil prices are followed by substantial price recovery.
If a carbon tax is implemented, it will likely be on top of the extensive regulation Canadians already face.
Enbridge won the support of the majority of aboriginal groups along the path of the pipeline.
The value of Canada’s total oil output is just under five per cent of GDP.
The Notley government is spinning like mad to distance itself from some painful numbers.