"d": "TSX Venture" O'Toole said the Liberals were confused and late at every step of the pandemic response, including closing the border, procuring personal protective equipment and implementing rapid testing. ‘All politics and economies may be local, but local businesses and jobs are always affected by the money flowing in from elsewhere’, Follow CEC on Linkedin  CEC Linkedin Kenney also says his government would be introducing legislation next year to make it illegal for foreign interests to fund political action committees. And that he will make it illegal for foreign companies to own Canadian resources, Alberta Premier Jason Kenney arrives for an announcement at a news conference in Calgary, Alta., on Tuesday, Sept. 15, 2020. The inquiry, headed by forensic accountant Steve Allan, was initially expected to report its findings this summer and its deadline was most recently extended to Oct. 30. Earlier in the day, federal Conservative Leader Erin O’Toole told party members that Alberta has responded to the COVID-19 pandemic better than the federal government. Alberta has the third largest proven oil reserves in the world – 10% of total proven global oil reserves. Alberta’s $31.4 billion in purchases from Ontario was behind the United States ($206 billion) but ahead of the United Kingdom ($14 billion), Mexico ($3.7 billion), China ($3.2 billion) and Germany ($2 billion) among others. casino suspects, Alberta Labour Relations Board holds emergency hearing into AUPE wildcat strike, Coronavirus: B.C.’s top doctor calls record COVID-19 case numbers over 3-day period ‘sobering’, COVID-19 vaccine in development showing promise in adults, Trump calls U.S. COVID-19 spike a media conspiracy, This beetle’s exterior is so strong it can get run over by a car and still survive, On the Trump train: the supporters standing by their man, Kenney government boosts budget for public inquiry looking at how anti-oil groups are funded, extends report’s deadline, Environmental law group seeks to stop Alberta’s inquiry into who funds oil critics, O’Toole blasts Liberals, praises Alberta’s pandemic response at UCP AGM, Premier Kenney reiterates future COVID-19 restrictions will be ‘limited, discreet, targeted’ and based on data. { The “cash register” total was $161 billion. Kenney also says his government would be introducing legislation next year to make it illegal for foreign interests to fund political action committees. Researcher argues anti-Alberta oil campaign not about environment, Biden heads to Georgia, Trump to Wisconsin with U.S. election now one week away, Marci Ien, Ya’ara Saks elected in Toronto Centre, York Centre federal byelections, Voters return Saskatchewan Party to power for fourth-straight mandate, Labour board calls Alberta hospital staff walkout illegal, orders picketers back to work, Coronavirus vaccine by Oxford-AstraZeneca produces immune response among adults, COVID-19: B.C. EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. "width": "100%", "s": "INDEX:TTEN", His United Conservative government contends foreign interests have been working to undermine the industry for years. your subscription today. { Alberta Premier Jason Kenney says an inquiry into who is funding environmental opposition to the province's oil and gas sector will be completed some time next year. They are authors of $161 billion and 68,000 jobs: The impact of oil and gas (and Alberta) on Ontario’s economy. }, Rise Above the Ongoing Global Economic Challenge, Recent Advances in Becht’s HTHA Damage Modeling Approach, U.S. Election Will Help Canada’s Oilpatch No Matter Who Wins, Canada Weekly Rig Count Up 3 for Week Ending October 23, 2020, Canada’s Cenovus Energy to buy Husky Energy for $3.8 billion in shares – $23.6 billion deal value, Western Canadian oil output still down after restoring some COVID cutbacks, CER says, Precision Drilling reports $28.5M Q3 loss, revenue down 56% from year ago, TransCanada Announces Termination of Energy East Pipeline and Eastern Mainline Projects, Kuwait Says OPEC May Decide on Extending Cuts in March 2018, Alberta Energy Regulator OKs Suncor’s plan for managing tailings ponds, WATCH: DK-LOK Canada Feature Introductory Video by EnergyNow.ca, IGNITE YOUR DIGITAL MARKETING – Generate Up to 10X More Sales Leads from Your Digital Content & Advertising. "title": "Commodities", "plotLineColorFalling": "#FF4A68", { Mushroom pickers find a Wild West in backwoods of rainforest, Sobering COVID-19 milestones reached by hardest hit Canadian provinces, Environmental law group seeks to stop inquiry into who funds oil critics, Alberta justice minister cleared in ethics case tied to anti-oil funding inquiry, Alberta inquiry into foreign funding of anti-oil groups extended to October, Support award-winning independent journalism with ", }, "symbolActiveColor": "#F2FAFE", { Please read our Commenting Policy first. "d": "CAD/USD" "s": "INDEX:TXCX", "s": "TVC:USOIL+NYMEX:ICL1! { Mark Milke and Ven Venkatachalam are with the Canadian Energy Centre, an Alberta government corporation funded in part by carbon taxes. Kenney government boosts budget for public inquiry looking at how anti-oil groups are funded, extends report’s deadline, A lawsuit filed by environmental law firm Ecojustice argues the inquiry is politically motivated, biased and outside provincial jurisdiction. } * Prices as of Previous Day Close. Canada's top physician paints bleak picture, too. A lawsuit filed by environmental law firm Ecojustice argues the inquiry is politically motivated, biased and outside provincial jurisdiction. }, "symbols": [ "d": "Brent Crude" "symbols": [ (Alberta is about more than oil and gas though that sector’s attraction of foreign and domestic investment, as well as capital-intensive spending and high wages relative to other sectors, still makes it a critical engine in Alberta and elsewhere.) Removing the four scenarios for the short term was the right thing to do and personally, I don't think any [scenarios] should ever … "d": "TSX Composite" O'Toole addressed the meeting by livestream from Ottawa. { }, Other Selected Commodities Alberta introduces new oil and gas tax exemptions, original options still on table "I only need to be worried about certainties. { TradingView.com His United Conservative government contends foreign interests have been working to undermine the industry for years. Follow CEC on Facebook CEC Facebook Other “big ticket” purchases include $620 million spent on the professional, scientific and technical services sector; $610 million on finance and insurance from Ontario-based firms and $280 million on transportation and warehousing. "s": "INDEX:DJI", Schachter’s Eye on Energy: Plunge in US energy consumption last week weakens WTI crude price. That, naturally, is where politicians then aim their promises and rhetoric. ] With additional technology, GHG intensity can be reduced by up to 20% by 2030. Want to discuss? Inquiry into oil and gas foes to deliver report next year: Kenney, Edmonton non-profit threatens to sue province of Alberta over anti-oil inquiry. ] } A home-grown focus though can mistakenly equate the money “sloshing” around one’s city or province with the notion that only local economic conditions matter. There are so many more REAL problems all that money and brain power could be used to solve. Read more: Dig down into the most recent data available (2016 for the following statistics), and it turns out that the oil and natural gas firms in Canada were responsible for adding $7.3 billion in nominal GDP to Ontario’s economy, and over 68,300 jobs. { "d": "WTI Crude" "height": "700", { ] Biden not alone in warning of 'dark winter'. Approximately 99% of these reserves are in the oil sands. Think of an Ontario steel provider (to the oil sands) whose local spending on office furniture results in Ontario jobs created in the production of that furniture. File photo by The Canadian Press/Todd Korol. }, } More broadly, Alberta’s consumers businesses, and governments were responsible for 24.2 per cent (or $31.4 billion) of Ontario’s total interprovincial trade (of $130 billion). }, In 2016, Alberta’s population was 11.5 per cent of the national total. (Sigh) I suppose the Alberta government is having trouble finding jobs for it's multitude of inadequate politicians and public servants. A useful example, and an antidote to provincialism (in the worst sense of that word), comes from the effect oil and gas firms in Alberta, and Alberta more generally, have on the Ontario economy. Beyond the impact of the oil and gas sector, let’s widen the look and look at Alberta’s impact on Ontario’s economy. }, Overall, $2.1 billion in wages were the result of oil and gas industry spending in Ontario. Next year? What’s true in politics is also true of the economy: Unless one is a billionaire, we all care about the local economy because that’s where most people find a job and pay the bills. "plotLineColorGrowing": "rgba(61, 133, 198, 1)", I hope Jason Kenney will have an equally deep enquiry into the oil lobby. }, According to Statistics Canada, 1,543 were direct with another 66,766 jobs indirect. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. { }, As Julia Wong explains, this threat is the latest in a series of public outcries over the inquiry. "s": "FX_IDC:CADUSD", "gridLineColor": "#e9e9ea", "showChart": true, He says the Canadian Energy Centre, a war room meant to counter what the UCP government considers misinformation about the oil and gas industry, will ramp up again after the COVID-19 pandemic put it on hiatus. Now an even bigger number. While Quebec, Ontario and Manitoba have toughened restrictions on certain businesses and activities in recent weeks, Kenney has said his government prefers encouraging personal responsibility over imposing new shutdowns on Alberta's frail economy. "d": "CDN Crude Index" It was second only to Ontario’s next-door neighbour, the much more populous province of Quebec, whose share of Ontario trade was 32.7 per cent (or $42.5 billion). "belowLineFillColorGrowing": "rgba(60, 188, 152, 0.05)", "s": "USOIL", The job figures need a breakdown. Here are some ways of quantifying Alberta’s positive economic impact on Ontario. Help us to improve EnergyNow, Give us your feedback, Edge Computing Is Gunning for SCADA – Geoffrey Cann, WHO’S NEXT? Earlier in the day, federal Conservative Leader Erin O'Toole told party members that Alberta has responded to the COVID-19 pandemic better than the federal government. "s": "INDEX:JX", Follow CEC on Twitter CEC Twitter. Market quotes are powered by We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. Alberta's daily case count began to surge over the 400 mark this week, up sharply from about a month ago when new infection totals stood in the mid-100s. }, Alberta Premier Jason Kenney says an inquiry into who is funding environmental opposition to the province’s oil and gas sector will be completed some time next year. "d": "NYMEX Natural Gas" "d": "TSX Energy" ", Consider Alberta’s share of both Ontario’s interprovincial and export trade and how it compares to selected countries. Think of direct oil and gas employment in Ontario as an engineer hired to design a building in Edmonton, or a downtown Toronto investment firm hired and several of its staff tasked to raise capital for a natural gas company in northern Alberta.

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