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Alberta

The Challenge Of A Diversified Economy

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The Challenge Of A Diversified Economy:

Harrie Vredenburg   Professor U of C, Suncor Energy Chair

HARRIE VREDENBURG: “…Alberta and a diversified economy is always a question that comes up, and it’s come up time and again throughout the history of Western Canada or the history of Alberta.  And the challenge is, of course, that our oil and gas or natural resources here in Alberta are the biggest thing that we have going here.

And so the commodity industries that we’re involved in here do have ups and downs; they are cyclical.  And when things are on an up cycle, everything gets sucked over to the commodities industry, and that’s where the wages are highest, that’s where the returns are the best, and everything goes there, and it’s hard to keep anything else going.

And governments over the years have said, oh, we have to diversify, we have to diversify, and attempts to diversify always fall on the rocks when we get an upswing in the commodities economy, so it’s a challenge.

But having said that, it is important to now not only diversify, but to transition the Alberta economy and the Western Canadian economy to a lower carbon economy…”

 

Producer’s note: What a beautiful shot around 30 seconds into that video of the oil derricks with the orange sunset. It’s such a beautiful sight to see industry. At work, no people, just these solid No people just oil derricks and solidarity pumping away like one of those little toy cranes that you have on your desk that dips its beak in there in your glass of water is just such a beautiful thing to see.

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Leading storyteller for social issues in Canada including energy, mental health, and social enterprise. WeMaple division of Business on Camera (BOC).

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Alberta

Ottawa unveils proposed federal carbon offset emission credit regulations

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CALGARY — The federal government is unveiling proposed regulations for its greenhouse gas offset program that will govern how developers can register and sell credits earned through projects that reduce emissions.

Environment and Climate Change Canada says one credit will be issued for each tonne of carbon dioxide equivalent reduced or removed from the environment, adding that eligible projects must be in Canada and offer “real, additional, quantified, unique and permanent GHG reductions.”

The projects will have to be registered and approved, monitored and face third-party verification before credits can be sold to industrial buyers for use to offset their greenhouse gas emissions and thus reduce their carbon tax costs.

In a briefing, department officials said the federal program will not compete with credit generators under similar programs offered in provinces such as Alberta, British Columbia and Quebec, adding approved carbon offsets can only be used once.

The regulations are to undergo a 60-day comment period ending May 5 and final regulations are to be established by next fall.

Meanwhile, the department will be developing protocols to govern how various types of offsets will be regulated. On Friday, it unveiled proposed protocols for advanced refrigeration system upgrading, landfill methane reductions, and forest and agricultural land management.

In December, Ottawa announced a $15-billion plan to meet its climate change commitments that includes steady annual increases to its carbon tax from $50 per tonne in 2022 to $170 per tonne by 2030.

Canada wants to get to a 32 per cent reduction in emissions by 2030, slightly more than its 30 per cent Paris agreement commitment.

This report by The Canadian Press was first published March 5, 2021.

The Canadian Press

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Alberta

Darryl Sutter has ‘unfinished business’ in return to Calgary Flames

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CALGARY — Darryl Sutter says he has “unfinished business” as he returns to coach the Calgary Flames.

The Flames announced late Thursday night that they had fired head coach Geoff Ward and hired Sutter to replace him.

Calgary’s general manager Brad Treliving says he feels the move was necessary because the team had been inconsistent and was under performing this season.

Treliving says Sutter’s clarity and ability to maximize player performance will help the team that has gone 11-11-2 so far this year.

The move marks Sutter’s return to the team he coached from 2002 to 2006, and served as general manager for from 2003 to 2010. Under his guidance, Calgary went to the Stanley Cup final in 2004, losing to the Tampa Bay Lightning in a seven-game series, and Sutter says he is intent on winning the Cup now that he has returned to the Flames.

Sutter is expected to join the team Monday after going through the league’s COVID-19 protocols. Assistant coach Ryan Huska will run the bench when the Flames face the Oilers in Edmonton on Saturday and host the Ottawa Senators on Sunday.

This report by The Canadian Press was first published March 5, 2021. 

The Canadian Press

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