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Alberta

Cenovus replies to low-blow from Norway’s trillion dollar oil fund

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6 minute read

From Cenovus Energy

Canada targeted (yet again) as a scapegoat for global climate change challenge

Alex Pourbaix, President & Chief Executive Officer, Cenovus Energy

The recent decision by the Norwegian wealth fund, Norges, to pull its investments in Cenovus Energy and three of our oil sands peers is another example of Canada being used as a pawn by institutions attempting to earn climate points. But these announcements are motivated more by public relations than fact. The data they used to assess Cenovus’s greenhouse gas performance is outdated and incorrect.

Here’s what Norges failed to consider in its decision. Cenovus has reduced the emissions intensity of our oil sands operations by approximately 30 percent over the past 15 years. We’ve set ambitious targets to reduce our per-barrel emissions by another 30 percent across our operations by 2030 and hold absolute emissions flat during that time. We are also focused on innovation that will help us achieve our aspiration of net zero emissions by 2050. Our peers have similar emissions reductions achievements and commitments.

The hypocrisy of the move by Norges is particularly rich, given the sovereign wealth fund amassed its $1 trillion value primarily from oil production profits. Moreover, Norway’s former energy minister is on record saying the country will produce oil for as long as oil is used. Energy is important to Norway’s economy, as it is to Canada’s.

The oil and natural gas industry accounts for the largest share of Canada’s exports and is the most significant contributor to the country’s gross domestic product. This country is amassing a huge deficit as a result of the COVID-19 response, with the parliamentary budget officer suggesting our national debt could hit $1 trillion. That’s more than $26,000 for every man, woman and child in Canada. Key to reversing this unprecedented debt load will be secure and stable tax revenue to support the economic recovery. Canada’s energy sector has contributed an average of $8 billion annually to provincial and federal government coffers and its strength is fundamental to ensuring this country emerges from the downturn stronger than ever.

Yet, the Canadian oil sands have become an easy target for primarily European investment firms and insurers who have made a big splash announcing they are severing ties with Canadian companies. Pulling out of the oil sands earns these firms headlines but doesn’t have an impact on their business because most of them were not heavily invested in Canada. Canada’s oil sands have long been the poster child for the anti-oil movement. It’s easier to attack a country that has a regulatory system designed to ensure transparency on its environmental, social and governance (ESG) performance than it is to go after oil producing nations such as Russia and Saudi Arabia where the commitment to regulation and transparency substantially lags Canadian expectations and standards.

As the leader of a Canadian company whose sector contributes billions to the national economy and directly and indirectly employs 800,000 people – including being the country’s largest employer of Indigenous people – I am standing up for our industry and for Canada. Enough is enough with these unwarranted attacks.

Cenovus and our peers are committed to doing our part to help meet Canada’s climate commitments and contribute to global climate change solutions. We’re investing millions in technologies to reduce our own emissions and collaborating with innovators around the world, including the support of initiatives like the NRG COSIA Carbon XPrize, which is focused on solutions to convert greenhouse gas emissions into valuable products and consumer goods.

Canada is the largest oil-producing jurisdiction in the world with a national price on carbon, and Alberta’s cap on oil sands emissions is an unprecedented commitment. Our industry is committed to achieving Canada’s 45 percent reduction target for methane emissions, addressing a greenhouse gas that is more potent than carbon dioxide. If investors are truly concerned about global greenhouse gas emissions, they should place greater value on Canadian oil and natural gas.

The world is undergoing an energy transition as action is taken to limit global temperature rise. Canada’s energy sector is going to play a key role in supporting the transition. But as we see today, energy and economic growth are inextricably linked and even the most aggressive emissions-reduction scenarios recognize that oil and natural gas will continue to be a significant part of the energy mix for decades to come. Canada has the world’s third largest oil reserves and a significant opportunity to provide the world with the low cost, lower carbon energy it demands.

Just as support for a strong energy sector has benefitted Norwegians, it’s essential for Canadians to recognize the importance of Canada’s energy sector in contributing to our collective economic future.

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

Alberta’s government honours the province’s top athletes, teams, coaches and officials with 2023 Sport Recognition Awards

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Minister of Tourism and Sport Joseph Schow presents the 2023 Alberta Sport Recognition Awards, honouring the province’s top athletes, teams, coaches and officials.

Celebrating excellence in Alberta sport

Alberta is a global leader in sport, and it’s thanks to the athletes, coaches and officials who dedicate themselves to excellence in their craft. The Alberta Sport Recognition program was established in 1987 to acknowledge the outstanding achievements and commitment of coaches, officials and volunteers in the province.

Recipients of the 2023 Sport Recognition Awards represent the best in sport from across the province, from exceptional athletes to hard-working coaches and officials. Through their unwavering dedication to sport, these individuals are contributing to Alberta’s reputation as a global leader in sport and help make our province the best place in the world to live, visit and play.

“These high-performance athletes, coaches, and officials have demonstrated extraordinary achievement in international and national competitions and are deserving of recognition for their efforts. I am proud of their contributions and grateful for their leadership in making Alberta a province that lives the spirit of sport.”

Joseph Schow, Minister of Tourism and Sport

“The award recipients have demonstrated dedication, passion and excellence which have set them apart as true champions in their respective fields. Many have reached the pinnacle of performance and each of the recipients has demonstrated unparalleled commitment and skill, inspiring others to reach for excellence in all they do.”

Dale Henwood, chair, Alberta Sports Hall of Fame

The 2023 award recipients are:

  • Junior Male Athlete of the Year – Nikita Ciudin – Sprint Canoe
  • Junior Female Athlete of the Year – Julia Bartlett – Biathlon
  • Junior Team of the Year – Team Tao – Curling – Johnson Tao, Jaedon Neuert, Ben Morin, Adam Naugler, Zach Davies and Skip Wilson (coach)
  • Open Male Athlete of the Year – Jeremiah Lauzon – Athletics
  • Open Female Athlete of the Year – Alexandria Loutitt – Ski Jumping
  • Open Team of the Year – Team Canada 3×3 Basketball – Michelle Plouffe, Katherine Plouffe, Paige Crozon, Kacie Bosch, Jamie Scott, and Kim Gaucher (coach)
  • Coaching Recognition Award: Rachel Koroscil – Biathlon
  • Coaching Recognition Award: Marty Birky – Basketball
  • Technical Official Recognition Award – Barb Bush – Springboard Diving
  • Technical Official Recognition Awards – Matthew Kallio – Basketball

Quick facts

  • In 2002, the Athlete and Team of the Year awards were added to the awards program to acknowledge high performance athletes and teams who are promoting Alberta on the national and international stage, and recognize their pursuit of sport development goals.
  • The Coach Recognition Award recognizes coaches for their outstanding achievements in developing Alberta’s amateur athletes.
  • The Official Recognition Award recognizes outstanding achievements in and commitments to officiating.
  • Award recipients were selected by a committee and considered results from the 2022/2023 competition season.
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Alberta

Free Alberta Strategy petition demanding PM Trudeau fire Steven Guilbeault passes 13,000 signatures

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News release from Free Alberta Strategy 

Are you tired of watching elected officials flout the law and disregard public concerns with impunity?

Are you frustrated by a federal government that prioritizes arrogance over accountability?

If so, you’re not alone.

Over 13,000 people have signed our petition calling on Justin Trudeau to fire Steven Guilbeault.

Once one of Greenpeace’s most disruptive forces, Guilbeault has spent enough time in an orange jumpsuit to build up a reputation for deliberately ignoring both law enforcement and the courts.

Since then, his career has been marked by a troubling disregard for both legal boundaries and public sentiment.

In 2001, Guilbeault was found guilty of mischief for scaling the CN Tower in Toronto and displaying a banner.

He received a sentence of one year’s probation, was mandated to complete 100 hours of community service in Montreal, and was ordered to pay $1,000 in restitution.

The incident incurred approximately $50,000 in costs for the tower operators.

Shortly thereafter, Guilbeault orchestrated another audacious act, leading a Greenpeace team in a demonstration at the Calgary residence of then Alberta Premier Ralph Klein and his wife, Colleen.

They erected a banner, positioned ladders against the house, and ascended to the roof to install a solar panel.

The intrusion deeply unsettled Colleen Klein, who was alone at the time and feared a home invasion – she resorted to grabbing a broom for defense.

Despite his controversial background, Justin Trudeau’s decision to appoint Guilbeault as Minister of Environment and Climate Change raised eyebrows and elicited criticism.

Jason Kenney, then premier of Alberta, accurately predicted the consequences of Guilbeault assuming a significant role in Justin Trudeau’s cabinet.

“His own personal background and track record on these issues suggests someone who is more an absolutist than a pragmatist when it comes to finding solutions,” Kenney said.

It’s perhaps no surprise then that Guilbeault’s response to legal setbacks in his political career, such as the Supreme Court’s ruling on the unconstitutionality of his Impact Assessment Act, has been dismissive, indicating a stubborn adherence to his own agenda rather than a willingness to heed judicial guidance.

Instead of accepting that he was wrong and repealing the law, Guilbeault wants to pass minor amendments and pretend like the Supreme Court ruling never happened.

Worse, the amendments – buried 552 pages into a 686-page budget implementation bill – don’t fix the problem.

Guilbeault still has the power to control projects that fall under provincial jurisdiction.

Consequently, tensions between the federal and provincial governments have escalated, with Alberta poised to immediately challenge the amended legislation in court once again.

This charade is getting old.

This pattern of defiance and disregard for legal constraints has become wearisome, eroding public trust in the integrity of federal institutions.

The rotation of headlines proclaiming federal overreach and constitutional breaches underscores a troubling trend within the governing party, where arrogance appears to have supplanted prudent governance.

Guilbeault, with his checkered past and continued ignorance of the law since becoming Minister, are crippling public confidence.

A few months ago, we launched a petition calling on Justin Trudeau to see the light, and fire his most controversial Minister.

Since then, things have only gotten worse.

If you agree, and think Guilbeault should be fired, please sign our petition today:

 

 

Then, send this petition to your friends, family, and every Albertan so that they can sign too!

Regards,

The Free Alberta Strategy Team

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