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Alberta

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

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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

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Alberta

Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million

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CALGARY — Cenovus Energy Inc. has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery for $300 million.

The Calgary-based oil producer has owned the other 50 per cent of the Ohio-based refinery since its combination with Husky Energy in 2021.

Cenovus says its U.S. operating business will take over operations when the transaction closes, expected before the end of the year.

The company says the Toledo refinery recently completed a major, once in five years turnaround to improve operational reliability.

It says the transaction will give Cenovus an additional 80,000 barrels per day of downstream throughput capacity, including 45,000 barrels per day of heavy oil refining capacity.

The deal brings Cenovus’ total refining capacity to 740,000 barrels per day.

Alex Pourbaix, Cenovus president and CEO, says fully owning the Toledo refinery provides an opportunity to further integrate the company’s heavy oil production and refining capabilities, including with the nearby Lima Refinery.

“This transaction solidifies our refining footprint in the U.S. Midwest and increases our ability to capture margin throughout the value chain,” he said in a statement.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:CVE)

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Alberta

Nutrien names Ken Seitz president, CEO amid sweeping changes in agriculture markets

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Saskatoon-based fertilizer giant Nutrien Ltd. has named Ken Seitz president and CEO following a months-long global talent search. 

The company says Seitz, who has served as interim CEO since January and previously headed up its potash operation, brings 25 years of experience in agriculture and mining to the role.

Nutrien says it has achieved record results under Seitz’s leadership amid sweeping changes in agricultural markets and unprecedented global food security challenges.

Russ Girling, chairman of Nutrien’s board of directors, says the company’s record performance during some of the most turbulent times in the sector underscore the strength of Seitz’s leadership. 

Seitz, who grew up on a dairy farm in Saskatchewan, says he’s “honoured and humbled” to work alongside growers during challenging times.

He says Nutrien is well positioned to help meet the global goals of food security and climate action.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:NTR)

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august, 2022

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