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Alberta

Exporting Publicly Funded Jobs is Bad for Alberta.

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This article is submitted by The City of Lacombe

Mayor Grant Creasey

Recently, the Mayor of the Town of Athabasca, Colleen Powell, outlined what she described as a battle with implications for all Alberta. The problem she described was the decision by the Board of Governors of Athabasca University (AU) to adopt a “near-virtual” model. This model effectively takes well-paying rural Albertan jobs in her community and outsources them to communities like Victoria, Toronto – or anywhere else the institution approves. Over 10 years, this decision will reduce employment in that community by nearly 500 high quality jobs, according to Mayor Powell’s opinion column submitted to the Edmonton Journal.

A similar battle is brewing in the City of Lacombe. Our largest employer, Alberta Financial Services Corporation (AFSC), has opted to pass a ‘Work Away Policy,’ essentially allowing staff to work remotely, anywhere in Canada.
Our Council has significant concerns with this decision, as it erodes employment opportunities both provincially and locally. Further, this policy change is not compliant with the formative legislation of AFSC.

It is important to remember that Athabasca University, and AFSC, were deliberately placed in our respective communities to promote rural development and viability. Premier Lougheed had a vision for Alberta that included locating publicly funded entities beyond the Edmonton and Calgary metropolitan regions – he recognized that strengthening rural Alberta strengthens all of Alberta.

As outlined in letters to our local MLA, as well as the Minister of Jobs, Economy and Innovation, the Minister of Agriculture and Forestry, and Premier Kenney, the City of Lacombe believes this Alberta Crown Corporation policy is bad for Lacombe and the province as a whole. While the letters outlining our concerns have gained limited traction, we believe Albertans should be aware of the implications when organizations outsource jobs away from rural communities like Lacombe and Athabasca.

AFSC’s decision is against the Agriculture Financial Services Regulation; the governing document of the crown corporation. The regulation designates “Lacombe, Alberta as the location in Alberta at which the head office of the Corporation will be situated.” Like AU, AFSC was intentionally placed in our community to support economic viability in smaller rural communities – and indeed it did, bringing highly-skilled and highly-paid employees to our community for years. Simply stated, AFSC’s “Work Away Policy” disadvantages Lacombe and negatively impacts our local economy. It increases commercial vacancy and results in less overall commercial investment.

For this reason, I want to publicly thank Mayor Powell for speaking out on the damage caused when large publicly-funded institutions outsource Albertan jobs from the communities that rely on them, into other provinces.
These changes should concern us all, and we hope that Albertans will agree. Exporting publicly funded, high quality jobs from small Albertan communities to Toronto, Vancouver, or Montreal is ultimately harmful and will damage the economic viability of not only Athabasca and Lacombe, but all of Alberta.

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Alberta

Alberta aggressively recruiting resident physicians from across Canada

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Competitive compensation for resident physicians

A new compensation agreement for resident physicians has been reached, which will help to retain and recruit more physicians throughout Alberta.

Alberta’s government, in partnership with Alberta Health Services (AHS), the University of Alberta, University of Calgary and the Professional Association of Resident Physicians of Alberta has reached a four-year agreement that provides competitive and fair-market compensation for physicians in training.

The negotiated agreement provides wage increases of three per cent in each of the first two years, and two per cent in each of the last two years. It also includes market adjustments that put Alberta on par with other western Canadian medical schools.

Ensuring resident physicians receive competitive, fair-market compensation while they train and provide services across the province will help stabilize and strengthen acute health care today while bringing medical students and ultimately more physicians to the province to support the province’s future health needs.

“Alberta’s government is grateful for all the hard work resident physicians put in as they complete their training. We are pleased to see that a new agreement has been reached and look forward to more physicians calling Alberta home.”

Adriana LaGrange, Minister of Health

“We are extremely grateful to all of our resident physicians, who play a vital role in caring for Albertans and supporting our front-line physicians and health care teams. This agreement will help us recruit medical students and encourage them to practise in this province.”

Athana Mentzelopoulos, president and CEO, AHS

Rural and Remote Family Medicine Resident Physician Bursary Pilot Program

The agreement builds on actions Alberta’s government is taking to make the province a more attractive place for medical students and resident physicians to study and practise. On Oct. 3, Alberta’s government announced measures to improve health care in rural and remote communities through the new Rural and Remote Family Medicine Resident Physician Bursary Pilot Program. The bursary program is part of the province’s Rural Health Action Plan.

The pilot program will provide up to $8 million annually for the next two years to medical students in their final year of an undergraduate medical program when they are matched with a family medicine residency program at the University of Alberta or University of Calgary, or to residents currently completing a family medicine residency at either university regardless of their year of study. In return, bursary recipients will commit to delivering comprehensive patient care in eligible communities for three years after completing their residency.

“With this agreement, Alberta strengthens its position as an attractive destination for resident physicians across Canada. By enhancing compensation, training and working conditions, we ensure Alberta recruits and retains the brightest medical talent to serve our communities and shape the future of health care.”

Dr. Pauwlina Cyca, president, Professional Association of Resident Physicians of Alberta (PARA)

“The University of Alberta is pleased collaborations with our partners have resulted in an agreement that reflects the critical impact resident physicians make in our health care system so all Albertans receive the care they need.”

Brenda Hemmelgarn, dean and vice-provost, College of Health Sciences, and dean, faculty of medicine & dentistry, University of Alberta

“Remuneration, respect, retention and recruitment of rural generalists are key to elevating rural hospitals to becoming rural centres of excellence. With this agreement and bursary pilot program, the Alberta government is recognizing rural health as being different, requiring separate and unique solutions for our communities that are mutually beneficial in enhancing the health of rural Albertans.”

Dr. Rithesh Ram, president, section of rural medicine, Alberta Medical Association

Quick facts

  • Resident physicians have graduated medical school but are completing post-graduate training in a residency program to obtain their licence to practise. With residency programs requiring an additional two to seven years of post-graduate training, most resident physicians spend more than 10 years training to become fully licensed physicians and surgeons.
  • The Professional Association of Resident Physicians of Alberta represents more than 1,660 resident physicians in Alberta.
  • The current agreement between AHS, the University of Alberta, University of Calgary and the association ended on June 30, 2024.
  • The resident physician agreement is funded by Alberta Health through a grant to AHS and the universities.

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Alberta

“It’s Canada’s Time to Shine” – CNRL’s $6.5 Billion Chevron Deal Extends Oil Sands Buying Spree

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From Energy Now

Canadian Natural Resources Ltd.’s $6.5 billion acquisition from Chevron Corp. marks the latest in a string of deals that has helped make it the country’s largest oil producer and brought Alberta’s massive oil sands deposits almost entirely under local control.

CNRL has feasted on the oil sands assets of foreign energy producers over the past decade, snapping up stakes and operations from Devon Energy Corp. and Shell Plc as they shifted away from the higher-cost, higher-emissions oil sands business. Investors have applauded the strategy, which allows CNRL to boost output and make the operations more efficient.

That trend continued on Monday, with CNRL shares climbing more than 4% after the deal with Chevron raised its stake in a key oil sands mine and a connected upgrading facility, while also adding natural gas assets in the Duvernay formation.

“These assets build on the robustness of Canadian Natural’s assets,” said CNRL President Scott Stauth said on a conference call Monday. The deal boosts CNRL’s stake in the Athabasca oil sands project, which it first bought from Shell in 2017, to 90% from 70%.

The acquisition was largely expected and boosts CNRL’s oil and gas output by roughly 9%, adding the equivalent of 122,500 barrels of oil production per day.

“It’s just been a matter of time,” Eight Capital analyst Phil Skolnick said by phone, noting that CNRL had been seen as the logical buyer for Chevron’s oil sands business.

While CNRL also boosted its dividend by 7% on Monday, Desjardins analyst Chris MacCulloch  cautioned the company’s additional debt to finance the acquisition “may disappoint some investors” given it plans to temporarily slow capital returns.

Still, MacCulloch said the deal is positive overall for CNRL as it further consolidates assets in the region. “There’s no place like home,” he wrote in a note.

Chevron, for its part, is the latest in a long line of US and international oil producers — such as BP Plc, TotalEnergies SE and Equinor ASA — that have shifted away from the oil sands after spending billions to build facilities in the heavy-oil formation. That has left the oil sands largely in the control of Canadian firms including CNRL, Suncor Energy Inc. and Cenovus Energy Inc.

“There’s no remaining, obvious assets available,” Ninepoint Partners partner and senior portfolio manager Eric Nuttall said after Monday’s deal. Ninepoint owns 3.1 million shares in CNRL, data compiled by Bloomberg show.

Many of those oil sands deals have been struck at prices that favor the Canadian buyers, which have consolidated land, reduced costs and boosted returns in recent years.

“It’s Canada’s time to shine,” Nuttall said, adding that he expects foreign investors will return to the country’s oil producers in the future.

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