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“Excessive Risk Aversion” Red Deer South MLA calls for less fear and more freedom and hope in the battle against COVID19

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A message from Red Deer South MLA Jason Stephan

This week I stood in the Alberta Legislature making a Member Statement sharing the sentiments of many constituents in Red Deer which I share.

Lockdowns and shutdowns destroy livelihoods, undermining long term mental and emotional health. Young adults and our children, generally at lower risk from COVID, can be particularly vulnerable, and need to see less fear and excessive risk aversion and more freedom and hope.

The statement:

Please find attached the full text of the Member Statement with the references to the Speaker removed. The video of the member statement is available here:

I am blessed to be the father of two adult sons and a teenage daughter who I love.

Like many parents, I am concerned about the impact health orders are having on the mental health of our children.

I feel job watching my sons become independent of their parents, to seek happiness as the individually see fit.

Yet, like many parents, I see the work and effort of young adults threatened by calls for lockdowns with devastating economic consequences.

This ought not to be.  Some of the loudest voices calling for lockdowns, will not lose a penny of pay, while those impacted may lose it all.

COVID should be respected; but children are low risk – not a single school age child has died from COVID in Alberta.  Yet, there is excessive risk aversion – a single positive COVID case in a high school should not result in 118 other students sent home to isolate, just because they were in the same class, notwithstanding physical distancing is respected, with good health and no symptoms.

School sports, colleges and universities are too shut down.

There is excessive risk aversion and fear – with negative long-term health impacts for children and young adults at low risk from COVID.

There needs to be a principled vision of hope.

The WHO defines health as a state of complete physical, mental and social well-being, and not merely the absence of disease or infirmity.

Orders, lockdowns and shutdowns are not healthy – imposing long term physical, mental and social health costs, especially on our children.

Click this link to see this statement as it was made in the Alberta Legislature: https://www.facebook.com/JasonStephanMLA/videos/137607104371116/

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Alberta

Stantec buying Cardno's North American and Asia Pacific engineering business

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EDMONTON — Stantec Inc. has signed a deal to buy Cardno Ltd.’s North American and Asia Pacific engineering and consulting business for US$500 million.

The Edmonton-based company says the deal helps grow its environmental services business.

Cardno’s Latin American operations and international development business are not included in the deal.

The acquisition will add about 2,750 professionals to Stantec, nearly doubling its position in Australia to 2,500 employees and increasing its presence in the United States.

Stantec CEO Gord Johnston says the company has worked closely with Cardno for many years.

He says Cardno’s key strengths in ecosystem restoration, health sciences, infrastructure, water, and government services are complementary to his company’s own offerings in the United States and Australia.

This report by The Canadian Press was first published Oct. 21, 2021.

Companies in this story: (TSX:STN)

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Alberta

Precision Drilling Q3 revenue up more than 50% from year ago as drilling ramps up

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CALGARY — Precision Drilling Corp. says it lost $38 million in its latest quarter as drilling ramped up and revenue rose more than 50 per cent compared with a year ago.

The Calgary-based company says the loss amounted to $2.86 per diluted share for the year ended Sept. 30, compared with a loss of $28.5 million or $2.08 per diluted share in the same quarter last year.

Revenue totalled $253.8 million in the company’s third quarter, up from $164.8 million a year earlier.

Precision, which is the largest drilling rig contractor in the country, says on average it had 51 active drilling rigs in Canada in the quarter, up from 18 in the same quarter last year.

In the U.S., the company had on average 41 active drilling rigs in the quarter, up from 21 a year earlier, while its international drilling business averaged six rigs, the same as a year ago.

In its outlook, Precision says that at current commodity prices it expects higher demand for its services and improved fleet utilization as customers look to maintain and replenish production levels.

“We believe current industry fundamentals are providing the most promising backdrop for our business that we have experienced in almost a decade,” Precision CEO Kevin Neveu said in a statement.

“Strong oil and natural gas prices, a significantly improved Canadian market structure and rapidly declining drilled but uncompleted well inventories all point to higher drilling activity in our core markets. Although we are likely in the early innings, our firm bookings and current customer inquiries indicate substantially stronger demand for our services and improved fleet utilization as this rebound continues.”

This report by The Canadian Press was first published Oct. 21, 2021.

Companies in this story: (TSX:PD)

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