1/8 🇨🇦 #ALBERTA BRACES FOR "SIGNIFICANT" DEFICITS 🇨🇦
#DanielleSmith warns of a "tough" budget ahead.
With oil prices dropping, the province is forecasting billions in red ink, but "deep" cuts are off the table.
Jack Farrell reports.
#AbPoli #AbEcon #CdnPoli #FossilFuels #EnergySky #Geopolitics
1/7
🇨🇦 VENEZUELA SHAKE-UP RATTLES CANADA'S OILPATCH 🇨🇦
Canadian energy stocks plunged Monday following the US ouster of Maduro.
The fear? A revived Venezuelan oil sector could threaten Canada's market share.
Kyle Bakx & Paula Duhatschek report...
#CdnEcon #Oil #Energy #OilSands #AbEcon #AbPoli
2/10 Currently, #export #pipelines are filling up and could "max out by fall of 2028," according to a recent report by TD Cowen.
When export pipelines reach capacity, it can create an #oil backlog, "causing prices for #Canadian #crude to fall and lowering #royalties for governments."
#OOTT #AbEcon
2/13 Data centre demand outpaced any other industrial operation of any kind, according to the Alberta Electric System Operator (AESO).
"Even if a fraction of these projects proceed, we’re talking about [nearly] double Alberta’s electricity demand," said Melanie Bayley of Energex Partners.
#AbEcon
8/11 THE "95 PERCENT" ARGUMENT
Minister Neudorf also argued that "95 per cent of working Albertans already earn more than minimum wage."
He said the "delicate calculation" is keeping the other 5% employed while trying to boost their wage.
#AbEcon
2/11 UCP Minister #Neudorf warned the legislature that a "misguided reset" could trigger further youth unemployment and see older minimum wage workers lose their jobs.
{RJR: The absolute irony of a #UCP Minister using the word "misguided". Rich coming from the undeniably misguided UCP}
#AbEcon
