Connect with us
[the_ad id="89560"]

Alberta

Red Deer South Conservative MLA is a one man opposition party within government

Published

1 minute read

Jason Stephan may be treading on thin ice with his government as the backbench MLA stood in the Legislature this week t0 challenge his own government.. again. Backbench government MLA’s tend to disappear for long periods of time waiting for a shot to get into cabinet and make decisions that affect the province.  These MLA’s spend time on committees trying to influence the cabinet decision makers and ultimately the Premier.  Stephan is having none of that.  The Red Deer South MLA has repeatedly taken his own government to task when he doesn’t agree with the actions they’re taking.

The latest example took place in the Legislature Thursday when Jason Stephan rose to challenge Health Minister Jason Copping on Section 1 of the Charter which says “limits to fundamental freedoms must be justified.”  In this extraordinary exchange Health Minister Jason Copping repeated government talking points while Stephan demanded answers on whether the province has subjected any of the public health restrictions to due diligence to ensure they meet requirements set out in the Charter of Rights.

In this amazing exchange between members of the same government, MLA Stephan challenged Minister Copping on due diligence, restrictions against children, and restrictions against people who test negative or have protective antibodies due to the fact they’ve already survived covid.

Video from the Facebook page of Jason Stephan

Alberta

Aurora Cannabis shares fall 40% after share sale amendment

Published on

EDMONTON — Aurora Cannabis Inc.’s share price fell by about 40 per cent, after the company announced it sold US$150 million worth of shares.

The Edmonton marijuana company’s share price was $3.47 when trading ended Thursday, but by mid-morning Friday, had fallen to $2.07 and closed at $2.14.

The sale of shares was part of an amendment Aurora made to a previously announced bought deal financing.

The amendment made it possible for a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets to purchase 61.2 million Aurora units for US$2.45 each.

Each unit is comprised of one common share in Aurora and one common share purchase warrant, which can be used to acquire one common share for US$3.20 each in the next 36 months.

Aurora has yet to record a profit and in recent years has been trying to drive revenues by better aligning supply with demand, laying off staff and closing facilities.

This report by The Canadian Press was first published May 27, 2022.

The Canadian Press

Continue Reading

Alberta

Analysts say natural gas could go even higher after breaking 14-year record this week

Published on

CALGARY — The price of natural gas hit heights not seen since 2008 this week and analysts say it could go even higher this summer.

The U.S. benchmark natural gas price hit is currently trading at around US$8.60 per million British thermal units, or MMBtu. It surged to over $9 earlier in the week.

Analysts say the price could break $10 this summer due to low inventories and global concerns about energy security.

Summer heat waves could also push prices higher by driving up electricity demand.

The surging prices are good news for Western Canada, where the country’s natural gas production is concentrated.

But an industry group says labour shortages remain an ongoing challenge for drillers.

This report by The Canadian Press was first published May 27, 2022.

The Canadian Press

Continue Reading

Trending

X