Latest news with #AlbertaEnergy
CTV News
3 days ago
- General
- CTV News
Man killed in crash that caused oil spill northeast of Edmonton
An RCMP epaulette is seen in Edmonton, Wednesday, Feb. 5, 2025. THE CANADIAN PRESS/Jason Franson A man was killed in a crash that caused an oil spill on Friday afternoon. RCMP said the oil tanker crashed and rolled over on Range Road 485 in the Municipal District of Bonnyville at around 2:41 p.m. Responding officers found the tanker on its roof in a small creek. The 66-year-old driver was dead. No other vehicles were involved. The crash caused an oil leak and closed the road for a few hours. An Alberta dangerous goods inspector was called in, and Alberta Energy representatives are overseeing the oil cleanup. No other details about the crash have been released. Bonnyville is about 120 kilometres northeast of Edmonton.
CTV News
4 days ago
- Business
- CTV News
Danielle Smith hosts annual premier's dinner in Calgary
Danielle Smith spoke to supporters at the Telus Convention Centre in Calgary on May 30, 2025. Nearly 2,000 supporters attended Alberta Premier Danielle Smith's annual United Conservative Party fundraising dinner at the Telus Convention Centre in Calgary on Thursday. The sold-out event provided Smith with an opportunity to share her thoughts about Alberta's energy sector – including strategies about how best to get the province's natural resources to market. She also said Alberta's fight with Ottawa is not over. 'As most Albertans already know, I have repeatedly stated that I support a strong and sovereign Alberta within a united Canada and I personally have such high hopes that there is a path forward for that with Ottawa,' she said. 'I am going to do everything in my power to negotiate a fair deal for Alberta with the new prime minister.' Also during her speech, Smith called out the federal government for not backing down on its zero emission caps or Bill C-69.
CBC
6 days ago
- Business
- CBC
Alberta policies have dampened investor confidence in renewables: report
Social Sharing A report from clean energy think tank Pembina Institute suggests investor confidence in Alberta's renewables sector has been dampened by provincial policy moves. The report's authors looked at the provincial electrical system operator's queue of projects waiting to connect to the grid between 2021 and 2024. That data gave them a sense of investor interest in Alberta renewables before and after the province imposed a surprise seven-month moratorium on new wind and solar projects in 2023. The moratorium is over, but the institute says other sources of uncertainty include a broad restructuring of the electricity market, Alberta's legal challenge to federal clean electricity regulations, limits on where wind installations can be built and new reclamation requirements. Pembina says the number of proposed new projects in the queue last year were on par with two years earlier, before the moratorium, but more projects were cancelled than proposed last year while other jurisdictions like Australia and Texas are seeing their numbers of new projects climb. A spokesperson for Alberta Energy Minister Brian Jean says the province set a "clear, responsible path forward" for renewables and that electricity has become more affordable and reliable over the past year.
Epoch Times
7 days ago
- Business
- Epoch Times
Energy Minister Commits to ‘Clean Slate' in Ottawa-Alberta Relations
Newly minted Liberal Energy Minister Tim Hodgson says he supports Alberta's energy sector, adding that he aims to reset strained ties with Ottawa and fast-track infrastructure projects to help make Canada 'a conventional and clean energy superpower.' Hodgson made the comments during an 'One of my first calls as minister was to [Alberta Energy] Minister Brian Jean. This relationship matters, and I am committed to a clean slate,' Hodgson 'I may live in Toronto right now, but I was born on the Prairies. I want you to understand that I will be a voice for Alberta and Western Canada at the Cabinet table.' Born in Winnipeg, Hodgson served in the Canadian Armed Forces before joining investment bank Goldman Sachs, where he held several roles, including CEO of its Canadian operations. 'At Goldman, one of my first major deals is also one of the deals I am still the proudest of today: The Alliance Pipeline,' he said during his address, referring to the pipeline that transports natural gas from western Canada to the United States. Related Stories 3/25/2025 3/13/2025 Hodgson also served on the board of MEG Energy, a Canadian oil sands producer based in Calgary. He was recently the board chair of Hydro One, Ontario's public electricity provider. He also worked as a special adviser to now-Prime Minister Mark Carney when Carney was governor of the Bank of Canada. In his speech, Hodgson said collaboration between provinces, territories, and the federal government is important for advancing nation-building projects. 'This government isn't just about people in suits in Toronto or Ottawa. It's about people in hard hats, on the drilling pads, in the forests, and at the mills,' Hodgson said. 'From Peace River to Lethbridge, from engineers to rig workers—that work powers our country, and it earns our respect.' Alberta's energy minister said he was 'encouraged' by Hodgson's comments, adding that, given Hodgson's previous experience in the oil sands sector, 'he should understand the challenges we face and the importance of getting our oil and gas products to tidewater.' 'It is critical the federal government follows through on these promises and prioritizes the construction of pipelines and energy infrastructure while repealing job and investment-killing legislation and policies like the 'Build-No-Pipelines Act' and the emissions cap,' Jean said in a May 23 statement to The Epoch Times. Alberta has long Hodgson's comments also come at a time when the issues of Alberta Premier Danielle Smith has Fast-Tracking Infrastructure Projects During his address, Hodgson said the new federal government would be defined not by 'talk' but by action. 'I want to be very clear: in the new economy we are building, Canada will no longer be defined by delay,' he said. 'We will be defined by delivery.' He said the new government will reduce review times for projects of national interest by more than half by establishing a 'Major Federal Projects Office' to serve as a single window for permits and cut red tape, in line with Carney's commitment to a 'One Project, One Review' policy. Hodgson said Canada's energy is a 'tool for global stability and transformation,' adding that Canada needs to diversify its economy in the face of U.S. tariffs. He added that Canadian exports can help 'our allies break dependence on authoritarian regimes,' referring to oil-producing nations with authoritarian governments like Venezuela and Iran. 'We need infrastructure that gets our energy to tidewater and to trusted allies,' he said. 'We will invest in carbon capture, methane reduction, and other technologies to ensure Canadian oil and gas is not only produced responsibly, but is the most competitive in the world.' He also said that turning Canada into an energy superpower would require reframing the national conversation, which he says will involve building consensus for projects while 'meeting our duty to consult so indigenous peoples are true partners, and protecting our environment so we don't have to clean up mistakes later.' 'I'm a pragmatist, a businessman,' Hodgson said. 'When I see something that needs changing, I work hard to change it.'
Globe and Mail
7 days ago
- Business
- Globe and Mail
Alberta oil levy too low to cover orphan well costs, report claims
A new report is warning the annual levy charged to Alberta oil companies to fund the cleanup of orphaned oil and gas wells remains too low to keep up with the rate of surrendering. The report, written by former University of Calgary Public Interest Law Clinic lawyer Drew Yewchuk, says this year's levy rate combined with low rates in previous years is leading to an estimated funding shortfall of $1.2-billion. The levy funds the Orphan Well Association, a non-profit entity overseen by industry and regulator officials and tasked with reclaiming wells that are orphaned when oil and gas companies go bankrupt. The association says it currently has more than 3,700 wells on its books that need to be decommissioned and reclaimed, which could cost more than $860-million. Yewchuk's report says the $144-million in levies the Alberta Energy Regulator recently approved to be collected this fiscal year continues the trend of underfunding for the Orphan Well Association. Since the association will also need to repay more than $300-million in federal and provincial government loans over the next 10 years, Yewchuk says Alberta's orphan well situation will only get further out of hand. A spokesperson for the energy regulator says it hasn't seen the report and was unable to comment on it.
