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Alberta

Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO

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By Amanda Stephenson in Calgary

Cenovus Energy Inc. chief executive Alex Pourbaix will step down from his CEO role later this year to devote more time to his evolving role as an outspoken champion of Canada’s oilsands industry and its decarbonization ambitions.

The Calgary-based energy company said Thursday that Pourbaix, who has led Cenovus since November of 2017, will become executive chair, while chief operating officer Jon McKenzie will become CEO in a transition that will take place after the company’s annual meeting set for April 26.

On a conference call with analysts, Pourbaix said the change will allow him to focus his attention on external efforts, including working with all levels of government to advance the oil and gas industry’s decarbonization goals.

Cenovus is a member of the Pathways Alliance, a group of oilsands companies that together have pledged to spend $24.1 billion to reduce greenhouse gas emissions from oilsands production by 22 million tonnes by 2030.

Pourbaix has been one of the most outspoken advocates of the Pathways plan and has been heavily involved in the group’s efforts to secure federal and provincial support for a massive proposed carbon capture and storage transportation line that would capture carbon dioxide from oilsands facilities and transport it to a storage facility near Cold Lake, Alta.

“Next to safety, there is nothing more important to Cenovus and our industry than reaching a durable solution between government and industry to achieve our emission aspirations,” Pourbaix said.

“Once I move to the executive chair position, I intend to dedicate even more time to this pivotal external issue for both Cenovus and our industry.”

Pourbaix was one of the prominent industry voices who successfully lobbied the federal government for the creation of an investment tax credit for carbon capture and storage projects in Canada, which was announced in the federal budget last year.

However, he has also been vocal in his stance that more government support is needed before companies will pull the trigger on investing in carbon capture. Pourbaix and other oil and gas sector leaders have said Canada needs to do more to stay competitive with the U.S. and its Inflation Reduction Act, which they say offers more incentives for the technology.

Environmental groups have been critical of the industry’s lobbying for more support, given the record profits oil and gas companies earned in 2022 due to sky-high commodity prices.

Cenovus earned $6.45 billion in 2022 compared with $587 million in 2021.

Pourbaix said Thursday that he wants to see the industry, the federal government, and the Alberta government come to some type of “durable” agreement as to what this country’s emissions reduction ambitions are. He added that a structure needs to be put in place to make sure the oil and gas sector can achieve those goals while still remaining economically viable.

“I think it’s just incredibly important for Canadians that we find a way for this industry to be able to continue to thrive, and the way we’re going to do that is by constantly improving our environmental leadership,” Pourbaix said.

Alberta Premier Danielle Smith released the contents of a letter to Prime Minister Justin Trudeau Thursday in which she calls for the creation of a minister-led working group aimed at coming up with a coordinated CCUS federal-provincial incentive program.

Smith said Alberta is willing to coordinate a federal CCUS income tax credit with an expansion of the province’s current Alberta Petrochemicals Incentive Program (APIP) to include carbon capture projects.

But she said Alberta will not cooperate if Ottawa continues to push ahead with introduction of its proposed Just Transition legislation, or with a pledged federal cap on emissions from the oil and gas sector.

The announcement of the change at Cenovus’ executive level came as the company reported a fourth-quarter profit of $784 million or 39 cents per diluted share for the quarter ended Dec. 31 compared with a loss of $408 million or 21 cents per diluted share a year earlier.

Revenue in the quarter was $14.1 billion, up from $13.7 billion in the last three months of 2021.

Cenovus reported total upstream production amounted to 806,900 barrels of oil equivalent per day for its most recent quarter, down from 825,300 a year earlier.

Total downstream throughput was 473,500 barrels per day, up from 469,900 in the fourth quarter or 2021.

On the call with analysts, McKenzie — who joined Cenovus in 2018 from Husky Energy as chief financial officer, and was instrumental in Cenovus’s merger with that company — said he expects a smooth transition to the CEO role, with little change in corporate focus.

“Both Alex and I have our fingerprints all over the corporate strategy, and we developed this in a partnership together with the rest of our leadership team,” McKenzie said.

Pathways Alliance president Kendall Dilling said in an emailed statement Thursday that he is grateful Pourbaix will continue to devote his energy to the group’s ambitions.

“Alex’s contributions to not only the creation of Pathways Alliance, but to our continued efforts to decarbonize our industry’s production, have been monumental,” Dilling said.

This report by The Canadian Press was first published Feb. 16, 2023.

Companies in this story: (TSX:CVE)

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Alberta

Central Alberta MP resigns to give Conservative leader Pierre Poilievre a chance to regain a seat in Parliament

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From LifeSiteNews

By Anthony Murdoch

Conservative MP Damien Kurek stepped aside in the Battle River-Crowfoot riding to allow Pierre Poilievre to enter a by-election in his native Alberta.

Conservative MP Damien Kurek officially resigned as an MP in the Alberta federal riding of Battle River-Crowfoot in a move that will allow Conservative Party of Canada leader Pierre Poilievre to run in a by-election in that riding to reclaim his seat in Parliament.

June 17 was Kurek’s last day as an MP after he notified the House Speaker of his resignation.

“I will continue to work with our incredible local team to do everything I can to remain the strong voice for you as I support Pierre in this process and then run again here in Battle River-Crowfoot in the next general election,” he said in a statement to media.

“Pierre Poilievre is a man of principle, character, and is the hardest working MP I have ever met,” he added. “His energy, passion, and drive will have a huge benefit in East Central Alberta.”

Kurek won his riding in the April 28 election, defeating the Liberals by 46,020 votes with 81.8 percent of the votes, a huge number.

Poilievre had lost his Ottawa seat to his Liberal rival, a seat that he held for decades, that many saw as putting his role as leader of the party in jeopardy. He stayed on as leader of the Conservative Party.

Poilievre is originally from Calgary, Alberta, so should he win the by-election, it would be a homecoming of sorts.

It is now up to Prime Minister of Canada Mark Carney to call a by-election in the riding.

Despite Kurek’s old seat being considered a “safe” seat, a group called the “Longest Ballot Committee” is looking to run hundreds of protest candidates against Poilievre in the by-election in the Alberta Battle River–Crowfoot riding, just like they did in his former Ottawa-area Carleton riding in April’s election.

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Alberta

Alberta pro-life group says health officials admit many babies are left to die after failed abortions

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From LifeSiteNews

By Anthony Murdoch

Alberta’s abortion policy allows babies to be killed with an ‘induced cardiac arrest’ before a late-term abortion and left to die without medical care if they survive.

A Canadian provincial pro-life advocacy group says health officials have admitted that many babies in the province of Alberta are indeed born alive after abortions and then left to die, and because of this are they are calling upon the province’s health minister to put an end to the practice.

Official data from the Canadian Institute for Health Information (CIHI), which is the federal agency in charge of reporting the nation’s health data, shows that in Alberta in 2023-2024, there were 133 late-term abortions. Of these, 28 babies were born alive after the abortion and left to die.

As noted by Prolife Alberta’s President Murray Ruhl in a recent email, this means the reality in the province is that “some of these babies are born alive… and left to die.”

“Babies born alive after failed late-term abortions are quietly abandoned—left without medical help, comfort, or even a chance to survive,” noted Ruhl.

This fact was brought to light in a recent opinion piece published in the Western Standard by Richard Dur, who serves as the executive director of Prolife Alberta.

Ruhl observed that Dur’s opinion piece has “got the attention of both Alberta Health Services (AHS) and Acute Care Alberta (ACA),” whom he said “confirmed many of the practices we exposed.”

Alberta’s policy when it comes to an abortion committed on a baby older than 21 weeks allows that all babies are killed before being born, however this does not always happen.

“In some circumstances… the patient and health practitioner may consider the option of induced fetal cardiac arrest prior to initiating the termination procedures,” notes Alberta Health Services’ Termination of Pregnancy, PS-92 (PS-92, Section 6.4).

Ruhl noted that, in Alberta, before an “abortion begins, they stop the baby’s heart. On purpose. Why? Because they don’t want a live birth. But sometimes—the child survives. And what then?”

Ruhl observed that the reality is, “They plan in advance not to save her—even if she’s born alive.”

If the baby is born alive, the policy states, “Comfort measures and palliative care should be provided.” (PS-92, Section 6.4).

This means, however, that there is no oxygen given, no NICU, “no medical care,” noted Ruhl.

“Their policies call this ‘palliative care.’ We call it what it is: abandonment. Newborns deserve care—not a death sentence,” he noted.

As reported by LifeSiteNews recently, a total of 150 babies were born after botched abortions in 2023-2024 in Canada. However, it’s not known how many survived.

Only two federal parties in Canada, the People’s Party of Canada, and the Christian Heritage Party, have openly called for a ban on late abortions in the nation.

Policy now under ‘revision’ says Alberta Health Services

Ruhl said that the province’s policies are now “under revision,” according to AHS.

Because of this, Ruhl noted that now is the time to act and let the province’s Health Minister, Adriana LaGrange, who happens to be pro-life, act and “demand” from her real “action to protect babies born alive after failed abortions.”

The group is asking the province to do as follows below:

  1. Amend the AHS Termination of Pregnancy policy to require resuscitative care for any baby born with signs of life, regardless of how the birth occurred.
  2. Require that these newborns receive the same level of care as any other premature baby. Newborns deserve care—not a death sentence.
  3. Recognize that these babies have a future—there is a literal waiting list of hundreds of families ready to adopt them. There is a home for every one of them.

While many in the cabinet and caucus of Alberta Premier Danielle Smith’s United Conservative government are pro-life, she has still been relatively soft on social issues of importance to conservatives, such as abortion.

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