Alberta
RCMP Major Crimes Unit investigate suspicious death – Adam Pearson still wanted
RCMP Major Crimes Unit investigate suspicious death – Adam Pearson still wanted
Grande Prairie, Alta. – The RCMP Major Crimes Unit are continuing to seek public assistance in locating Adam Pearson (26) who is wanted for the First Degree Murder of Cody Michaloski.
In October 2019, the Major Crimes Unit launched an investigation in the death of Cody Michaloski. The investigation led to first degree murder charges against Benjamin Pearson (25) who was arrested in Kelowna, and Adam Pearson, who has still not been located.
Alberta RCMP Major Crimes are asking the public’s assistance in locating Adam Pearson. It is believed that he may have tried to alter his appearance, including dying his hair. Pearson is known to have ties to the Toronto area, and throughout B.C. and Alberta. Information provided to date is that he uses Air B & Bs and hotel/motels, and might go by the nickname “Red”.
Please do not approach Pearson, but contact the Grande Prairie RCMP at 780-830-5701 or your local police, if you see him or know his whereabouts. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store.
Background:
May 28, 2020
Alberta RCMP Major Crimes RCMP investigate suspicious death – Update #2
Kelowna, B.C. – Following a lengthy homicide investigation into the death of Cody Michaloski in October 2019, in Grande Prairie, Alta., Alberta RCMP Major Crimes executed two search warrants and an arrest warrant on May 27, 2020, in Kelowna, BC.
Benjamin Pearson (25) of Kelowna was arrested on May 27, 2020, in Kelowna. He is charged with the First Degree Murder of Cody Michaloski. Pearson’s arrest was made possible with the work of the South East District, Combined Forces Special Enforcement Unit – British Columbia (CFSEU-B.C.), and the assistance of, South East District RCMP Emergency Response Team and the Kelowna RCMP Forensic Identification Section.
Benjamin Pearson is awaiting his return to Alberta for a bail hearing into this matter before the Edmonton Provincial Courts at a date yet to be determined.
Alberta RCMP Major Crimes have also obtained an arrest warrant for Adam Pearson (26), whose whereabouts are unknown, for the First Degree Murder of Cody Michaloski.
Alberta RCMP Major Crimes are asking the public’s assistance in locating Adam Pearson. Please do not approach Adam Pearson, but contact the Grande Prairie RCMP at 780-830-5701 or your local police.
If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store.”
Further updates will be provide when additional information is available.
October 15, 2019
Grande Prairie RCMP investigate suspicious death – Update #1
Grande Prairie, Alta. – The adult male victim has been identified as Cody Michaloski (28) of Grande Prairie. Michaloski’s family has been notified. The Edmonton medical examiner completed an autopsy and determined the death to be a homicide.
Edmonton Major Crimes Unit continues to investigate this incident.
No further information is available at this time.
Oct. 13, 2019
Grande Prairie RCMP investigate suspicious death
Grande Prairie, Alta. – In the early morning hours of October 13, 2019 Grande Prairie RCMP responded to a residence in an apartment building on Poplar Drive.
On arrival the RCMP discovered the body of an adult male. RCMP Major Crimes has taken carriage of the investigation. The scene is secure and there is no concern for public safety.
Next of kin notification has been completed. No further details will be released at this time. The investigation is ongoing and an update will be provided once new information becomes available.
Anyone with information regarding this matter is asked to contact the Grande Prairie RCMP Detachment at 780-830-5700 or call your local police detachment. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com ( http://www.p3tips.com/ ) or by using the “P3 Tips” app available through the Apple App or Google Play Store.
Alberta
“It’s Canada’s Time to Shine” – CNRL’s $6.5 Billion Chevron Deal Extends Oil Sands Buying Spree
From Energy Now
Canadian Natural Resources Ltd.’s $6.5 billion acquisition from Chevron Corp. marks the latest in a string of deals that has helped make it the country’s largest oil producer and brought Alberta’s massive oil sands deposits almost entirely under local control.
CNRL has feasted on the oil sands assets of foreign energy producers over the past decade, snapping up stakes and operations from Devon Energy Corp. and Shell Plc as they shifted away from the higher-cost, higher-emissions oil sands business. Investors have applauded the strategy, which allows CNRL to boost output and make the operations more efficient.
That trend continued on Monday, with CNRL shares climbing more than 4% after the deal with Chevron raised its stake in a key oil sands mine and a connected upgrading facility, while also adding natural gas assets in the Duvernay formation.
“These assets build on the robustness of Canadian Natural’s assets,” said CNRL President Scott Stauth said on a conference call Monday. The deal boosts CNRL’s stake in the Athabasca oil sands project, which it first bought from Shell in 2017, to 90% from 70%.
The acquisition was largely expected and boosts CNRL’s oil and gas output by roughly 9%, adding the equivalent of 122,500 barrels of oil production per day.
“It’s just been a matter of time,” Eight Capital analyst Phil Skolnick said by phone, noting that CNRL had been seen as the logical buyer for Chevron’s oil sands business.
While CNRL also boosted its dividend by 7% on Monday, Desjardins analyst Chris MacCulloch cautioned the company’s additional debt to finance the acquisition “may disappoint some investors” given it plans to temporarily slow capital returns.
Still, MacCulloch said the deal is positive overall for CNRL as it further consolidates assets in the region. “There’s no place like home,” he wrote in a note.
Chevron, for its part, is the latest in a long line of US and international oil producers — such as BP Plc, TotalEnergies SE and Equinor ASA — that have shifted away from the oil sands after spending billions to build facilities in the heavy-oil formation. That has left the oil sands largely in the control of Canadian firms including CNRL, Suncor Energy Inc. and Cenovus Energy Inc.
“There’s no remaining, obvious assets available,” Ninepoint Partners partner and senior portfolio manager Eric Nuttall said after Monday’s deal. Ninepoint owns 3.1 million shares in CNRL, data compiled by Bloomberg show.
Many of those oil sands deals have been struck at prices that favor the Canadian buyers, which have consolidated land, reduced costs and boosted returns in recent years.
“It’s Canada’s time to shine,” Nuttall said, adding that he expects foreign investors will return to the country’s oil producers in the future.
Alberta
Alberta Preparing a New Regulatory Framework for iGaming
With the success of the iGaming market in Ontario, Alberta is looking to it as a blueprint for its own plans in that arena. Despite this, there will likely be differences in the way the two provinces regulate this industry. These potential differences will likely be based on the strategies laid out by Dale Nally, Alberta’s Minister of Service and Red Tape Reduction.
The manner in which Alberta eventually decides to handle its iGaming regulations will be crucial to maintaining a healthy balance for the industry there. Many other regions have begun seeing the drawbacks of over-regulation in this field. As a result, many new-age casinos operating offshore have been gaining popularity over traditional ones that are often stifled by restrictions.
This is because restrictions place more onerous burdens on operators and cause lengthy delays with everything from sign-up procedures to payout times. However, offshore casinos have become a revelation for players tied down by these restrictions. For example, crypto casinos and the perks found at sites like an instant payout casino have seen the number of players from regions like the US, UK, Asia, Europe, and even Canada soaring in recent years.
Instant payout casinos in particular have grown very popular in recent years as they offer players same-day access to their winnings. This phenomenon has been playing out amid ever-tightening regulations on iGaming sites being deployed in many prominent markets.
While reasonable regulations have their benefits, many players feel that most jurisdictions are over-regulating the industry now and players have begun to respond by flocking to offshore sites. Instant payout casinos offer a perfect refuge since platforms like these feature fewer restrictions, more expansive gaming libraries, more privacy, and more generous bonuses.
While Alberta is drawing heavily from Ontario’s regulatory guidelines, it also wants to retain some aspects that will distinguish it too. Minister Nally has indicated that Alberta will seek a less onerous regulatory regime than Ontario. However, as it is with Ontario, there won’t be a limit imposed on the number of iGaming operators permitted. These would also not require any partnerships with land-based casinos.
This approach is expected to foster a competitive online betting environment. As such, huge operators are expected to set up shop there and operate freely alongside the government-run Play Alberta—which currently holds a monopoly.
Nally’s ministry has already been busy working on these new regulations and is set to keep being so as it will also be directly responsible for overseeing iGaming regulations and their enforcement. This ensures a separate regulatory body need not be created. It also addresses concerns raised by operators that Alberta’s Gaming, Liquor, and Cannabis Commission (AGLC) would have a conflict of interest if it managed the new regime as the AGLC is a market operator since it runs the Play Alberta platform.
All in all, Alberta’s approach currently does look good and at least considers the need for making it as simple as possible for new entrants to gain access to the market. Alberta’s method to “conduct and manage” gambling activities is in direct contrast with Ontario’s, where iGaming Ontario (iGO) is simply a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO).
The revenue-sharing model will also be looked at. Currently, Ontario operators are taxed 20% with the province making $790 million of them last year—with more expansion on the horizon. On that note, Alberta has hinted that it may seek a higher percentage. With other things like consults with indigenous communities and other stakeholders, and setting up transition periods for “grey” market operators, there is more work to be done. However, for now, the future of the iGaming industry in Alberta looks good indeed.
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