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Alberta

Ivan Daines to be inducted into Alberta Country Music Hall of Fame

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From the ACMA

Introducing the 2019 ACMA™ Hall of Fame Inductee
Industry Builder Ivan Daines

We are pleased to acknowledge the work of one of our key industry builders of Alberta country music history, Ivan Daines.  Help us celebrate the contributions and career of Ivan and his Alberta Country Music Hall of Fame induction Ceremony at the 2019 ACMA™ Awards on January 26, 2020 ~ Presented by Stingray Music.
Ivan Daines will be the 2019 inductee for the Association of Country Music in Alberta (ACMA) Hall of Fame at the ACMA Awards show on January 26, 2020.  Ivan has made many contributions to the western way of life, to rodeo and to country music. He is a cowboy, an artist and a promotor. By far his biggest contribution to country music has been with his Daines Country Pick-nic.  For 42 years he has given artists a platform to showcase their talent. Headliners like Russell DeCarle, Bobby Bare, Dan Seals, George Fox, Michelle Wright, Johner Brothers, Patricia Conroy, Duane Steele, Gord Bamford and many more have played his stage, but he has always had space for young up and coming Alberta artists since the beginning.  Congratulations and thank you Ivan for your decades of support”.
~ Bill Hanson, ACMA President

To purchase your tickets for the 2019 ACMA Awards click here:

To book your Cambridge Red Deer hotel room at our special ACMA rates click here:


For information and media enquires please contact [email protected].
Thank you to our ACMA Awards™sponsors: Stingray Music, Big Valley Jamboree, Calgary Stampede, Cook Country Saloon, Craig Senyk Initiatives, Dog Rump Creek Music, H Factor Productions, IFR Workwear, IMAC Management, Kiwi Productions, Livestar Entertainment Canada, Porch Swing Entertainment, Ranchman’s Cookhouse and Dancehall, Radford Family Trust (Reg & Lyn Radford), Red 19 Entertainment, Sirroma Entertainment, The Co-operators, and The Track on 2.

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

CWB reports Q4 profit down from year ago, still beats expectations

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EDMONTON — CWB Financial Group reported its fourth-quarter profit edged down from a year ago, but the bank still beat expectations.

The bank says it earned net income available to common shareholders of $63.4 million or 73 cents per diluted share for the quarter ended Oct. 31, down from $67.5 million or 77 cents per diluted share a year ago.

Revenue totalled $236.6 million, up from $220.9 million in the same quarter last year.

Total provisions for credit losses were $19.6 million, up from $13.3 million in the same quarter last year, but down from $24.4 million in the third quarter.

On an adjusted basis, CWB says it earned 75 cents per share for the quarter, down from an adjusted profit of 78 cents per share a year ago.

Analysts on average had expected an adjusted profit of 74 cents per share, according to financial data firm Refinitiv.

This report by The Canadian Press was first published Dec. 4, 2020.

Companies in this story: (TSX:CWB)

The Canadian Press

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Alberta

Hydrogen’s future remains murky despite home heating projects in Alberta and Ontario

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CALGARY — It seems like a no-brainer to use clean-burning hydrogen to offset the environmental negatives of natural gas for warming homes, but pilot projects to do just that starting next year illustrate nothing is simple about this trendy new energy source.

As companies consider ways to commercialize hydrogen as a cleaner alternative fuel and projects advance in Fort Saskatchewan, Alta., and Markham, Ont., most observers concede it will take time and government support to overcome its cost competitiveness issues and lack of infrastructure.

“All hydrogen is not created equal,” says Tahra Jutt, director of the clean economy program for B.C. with environmental think tank The Pembina Institute and co-author of a hydrogen primer published in July.

“If you blend the lowest carbon hydrogen, you’re going to get a much better outcome in terms of climate benefit.”

Hydrogen has many advantages as an energy source. When it burns it leaves only water behind — no carbon dioxide or other greenhouse gases. It can be used for high-energy-intensity applications such as trucking, shipping and steelmaking. It can be compressed for energy storage and transportation. It’s non-toxic and dissipates quickly when released.

But there are disadvantages, too. Its low ignition temperature and nearly invisible flame when burning pose potential safety issues. Concentrated hydrogen can damage metal, requiring enhanced protection for pipelines. 

The act of creating hydrogen requires energy, whether to tear apart water molecules with the electrolysis method or breaking down natural gas molecules through thermal processes which themselves create greenhouse gases.

“The economics in our view for blue and green (hydrogen) are challenged right now but support will increase, costs are bound to come down, so (it’s) another good opportunity for us to capitalize on our infrastructure,” said Al Monaco, CEO of pipeline company Enbridge Inc., on a recent conference call, echoing the cautious stance taken by many industry leaders.

Almost all of the hydrogen created in Canada today is considered “grey,” created by burning fossil fuel and then used in industrial processes such as refining petroleum or producing fertilizer. Pembina estimates it costs between 91 cents and $1.42 per kilogram to make.

If the carbon dioxide and other pollutants from making grey hydrogen are captured and stored, it becomes “blue” hydrogen, but the cost jumps to between $1.34 and $1.85 per kilogram.

“Green” hydrogen is separated from water using only renewable electricity and, while it is the most environmentally benign, it is also the most expensive at between $3 and $5 per kilogram, according to Pembina.

Utility subsidiaries of Enbridge and Atco Ltd. are embarking on plans to inject hydrogen into the natural gas stream leading to home furnaces and water heaters in Markham and Fort Saskatchewan. 

Electricity can’t be stored as is, but at Enbridge’s power-to-gas facility in Markham it is used to create hydrogen from water that can be stored until eventually being turned back into electricity with Enbridge’s 2.5-megawatt hydrogen fuel cell when needed.

Markham’s hydrogen is considered green because it is made with intermittent renewable electricity. The facility opened in 2018 after investments of $4.5 million by an Enbridge partnership and $4 million by the federal government. Its operation is supported by a three-year contract from Ontario’s electric system operator to supply surplus renewable power.

The system works to level out energy availability but when more hydrogen is created than can be stored, it has to be vented, says Cynthia Hansen, president of gas distribution and storage for Enbridge.

A partial solution is to blend the surplus at about two per cent into the local natural gas stream to reduce its overall GHG emissions, a $5.2-million project (with $221,000 from the federal government) expected to begin for about 3,600 customers starting next summer.

Atco, meanwhile, is building a $6-million hydrogen blending project backed by $2.8 million in Alberta provincial grants and expected to be operational in early 2022. 

It is to deliver about five per cent hydrogen in the gas stream to about 5,000 homes in Fort Saskatchewan, a small city just northeast of Edmonton, with the hydrogen coming from an unnamed local supplier.

“When it starts up it will be grey and then it will transition to blue as the supply in the area builds out,” said Jason Sharpe, Atco’s general manager of natural gas, estimating it will take two to three years for blue hydrogen to become available.

The Fort Saskatchewan area, with its refineries and petrochemical facilities, is ground zero for carbon capture and storage in Alberta.

Shell Canada’s Quest project, opened in 2015, has injected more than five million tonnes of carbon dioxide into underground storage from its oilsands upgrader.

The recently completed Alberta Carbon Trunk Line is a pipeline system designed to collect CO2 from industrial sites in the region and take it to mature oilfields where its permanent storage also results in enhanced oil recovery.

The global market for hydrogen could easily triple from current levels of about $200 billion per year by 2050 as countries adopt its use as a decarbonization strategy, according to GLJ, a prominent Calgary energy resource consulting firm.

Canada is well-positioned to become an exporter into this growing market because of its current and potential production, GLJ said.

Pembina’s Jutt, however, says hydrogen usage should be targeted. While it may make sense to use it for home heating in some regions, that application doesn’t necessarily make sense in B.C., where energy from renewable hydroelectric sources is potentially more environmentally friendly.

Much is riding on promised federal and provincial government regulatory, strategic and financial commitments to hydrogen, as well as other alternative fuels that can help Canada meet its goal of net-zero GHG emissions by 2050, she added.

“Businesses will do what’s right for them from an economic perspective but I think everyone’s looking to government for signals that it’s good to invest in these things — hydrogen being one of many fuels that we’ll need to reach our 2050 goals.”

This report by The Canadian Press was first published Dec. 4, 2020.

Companies in this story: (TSX:ENB, TSX:ACO)

Dan Healing, The Canadian Press

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