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Alberta

“Albertans want jobs, not an ‘aid package’ Alberta Environment and Parks Minister says Tech Mine must be approved

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From the Province of Alberta

Teck Frontier project: Minister Nixon

LIVE: Teck Frontier oilsands mine developments

Environment Minister Jason Nixon speaks about new developments in the Teck Frontier oilsands project.

Posted by CBC Calgary on Friday, 7 February 2020

Minister of Environment and Parks Jason Nixon issued the following statement on Alberta’s position regarding the Teck Frontier oilsands mine project:

“I want to be crystal clear. Albertans are proud people. We have never viewed our relationship with the federal government as one based on charity, and we’re not about to start now.

“Albertans want jobs, not an ‘aid package’ from Ottawa.

“Teck is not a political gift – it deserves to be approved on its merits. If the federal government takes seriously its commitment to science-driven, evidence-based decision-making, then it will accept the recommendation of the regulatory agencies and approve it. In our view, the federal cabinet’s pending decision on the independent joint review panel’s recommendation to approve Teck Frontier is in no way linked to Alberta’s ask regarding an equalization rebate (or other unrelated requests).

“The project has undergone a rigorous 10-year review, including a recommendation for approval from the independent federal regulator. Teck has played by the rules endorsed by Ottawa – including by the current federal government. To arbitrarily reject the project at the eleventh hour for political reasons would send a chilling signal to international investors.

“The Frontier project will directly employ up to 7,000 workers during construction and up to 2,500 workers during operation. An estimated $70 billion in taxes will be collected over the life of the mine, along with billions of dollars of economic activity that will ultimately spread throughout all of Alberta and Canada.

“All of the 14 directly affected First Nations have reached agreements with the company, and Frontier will provide large numbers of jobs for Indigenous Canadians. They recognize that responsible resource development can serve as a path to prosperity.

“Teck has committed to leading environmental standards for emissions, water and reclamation. The Teck Frontier project will have emissions of approximately one-half of the oilsands industry average, and lower carbon intensity than half of the oil currently refined in the United States. The company has also recently committed to going net zero by 2050.

“We do not view a decision on Frontier as something to be traded away or politicized. For us this issue goes beyond politics – Albertans want approval plain and simple.

“Prime Minister Trudeau has emphasized his desire to work with Alberta and to preserve national unity. It’s time he backed up his words with action.

“Albertans are watching closely.”

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Alberta

Markets expected to take measure of Cenovus-Husky deal as earnings season begins

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Calgary oilpatch investors are expected to take stock of a mega-merger between oilsands heavyweights Cenovus Energy Inc. and Husky Energy Inc. as stock markets open this morning.

The surprise deal announced Sunday will see Husky shareholders receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share.

The companies say the price, which values Husky at $3.8 billion, represents a 21 per cent premium, excluding warrants, to Husky’s five-day volume-weighted average price per share on Friday, but Cenovus CEO Alex Pourbaix said Sunday that’s more a result of recent stock market volatility than intent.

Cenovus shareholders would own about 61 per cent of the combined company and Husky shareholders about 39 per cent. 

The transaction must be approved by at least two-thirds of Husky’s shareholders but Hong Kong billionaire Li Ka-Shing  controls 70 per cent of Husky’s shares and has agreed to vote them in favour of the deal.

Sunday’s announcement comes just as Calgary’s oilsands companies are about to start rolling out third-quarter financial results, with Suncor Energy Inc. set to report Wednesday and both Cenovus and Husky scheduled to report on Thursday.

This report by The Canadian Press was first published Oct. 26, 2020.

Companies in this story: (TSX:CVE, TSX:HSE, TSX:SU)

The Canadian Press

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Alberta

Watchdog agency asked to look into man’s death following arrest at LRT station

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CALGARY — Alberta’s police oversight agency has been asked to investigate a death that police say happened after a suspect was arrested at a light-rail train station.

Calgary police say in a news release that they were called to the Marlborough CTrain station on Friday for reports of a man in possession of an airsoft gun.

They the man was cooperative when police arrived and they took him into custody without incident, and they say the arrest was captured on a body-worn camera.

He was charged with breach-related offences, police say, and was transported to Spyhill Services Centre where they say he was cleared by a medic and placed in a holding cell.

Police say that during a routine check of the cells at 8 p.m. the man was eating his meal, but at the next check he was found unresponsive.

They say that despite “significant lifesaving efforts” he was pronounced dead at approximately 8:40 p.m.

“We have recently undergone significant work to ensure that our standards are in line with current best practices for in-custody care,” police said in the news release.

“However out of an abundance of caution, we will be reviewing this incident to inform our procedures.”

Police said that as is standard practice with a death in custody, the Director of Law Enforcement was notified and has directed the oversight body, the Alberta Serious Incident Response Team, to investigate.

Calgary police said in the release that it “has extensive systems and protocols already in place to ensure the care of arrestees, including medical clearance checks for every arrestee prior to being admitted into a cell, searches of individuals before being taken into custody, CCTV systems to monitor people in custody and regular cell checks.”

Police said that since it’s now an active investigation by the watchdog agency, it won’t release further details.

This report by The Canadian Press was first published Oct. 25, 2020.

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