EDMONTON - Alberta Technology Minister Nate Glubish says he's hoping to see $100 billion worth of artificial intelligence data centres under construction within the next five years. Such centres are filled with computer servers used by companies like Meta, the owner of Facebook and Instagram, to develop and train large-scale artificial intelligence models. These centres, depending on size, require loads of electricity to run. In an interview, Glubish said Meta, as well as other major [Read more]
Ontario says federal clean electricity regulations would add $35B in costs
TORONTO - Ontario is urging the federal government to amend proposed electricity regulations after an analysis by the province's system operator concluded the rules would mean $35 billion in additional costs by 2050. A new analysis by the Independent Electricity System Operator looking at upcoming regulations around restrictions on emissions from electricity generation found that Ontario would have to add twice as much new generation as it is already planning, which is "not feasible" in that [Read more]
Oil and gas drilling activity to reach 10-year high in 2025: Industry group
CALGARY - An industry organization predicts 2025 will see the highest amount of oil and natural gas well drilling activity in Canada in a decade. The Canadian Association of Energy Contractors, which represents drilling and service rig companies, says it expects a total of 6,604 wells to be drilled in Western Canada in 2025 — a 7.3 increase from 2024. The organization says it also expects the number of jobs in the sector to grow seven per cent year-over-year, to 41,800. It attributes [Read more]
Industry not consulted on Alberta’s plan to challenge federal emissions cap
CALGARY - The Alberta government did not consult with the oil and gas sector before announcing a sweeping set of plans it says it could use to challenge the proposed federal greenhouse gas emissions cap, industry sources say. Companies are still digesting Premier Danielle Smith's move to announce a forthcoming motion under the province's Sovereignty Act, which Smith said Tuesday will give Alberta the ability to assert ownership over its own fossil fuel resources. Tristan Goodman, president [Read more]
Alberta takes aim at GHG emissions cap, proposes rules on trespass and data gathering
EDMONTON - Alberta Premier Danielle Smith says her government is taking steps to challenge the proposed federal greenhouse gas emissions cap. Suggestions include a legal challenge to the cap, passing legislation to give the province exclusive authority over emissions data and banning federal employees from designated oil and gas facilities. Smith says the federal cap would cripple Alberta’s oil and gas economy and the province has a constitutional right to develop its resources. She [Read more]
Alberta seeks to “de-risk” oil, gas pipeline investments in wake of Trump victory
LEDUC COUNTY, ALTA. - Alberta Premier Danielle Smith says her government is looking for ways to encourage pipeline companies to boost capacity and increase Alberta's oil and gas export volumes to the U.S. But Smith says her government is not interested in directly subsidizing a cross-border pipeline project, preferring instead to find ways to "de-risk" a potential private sector investment. Canada's main oil-and-gas producing province is keen to expand its pipeline access to the U.S. in [Read more]
Alberta aiming to create test site to support new drilling technologies
LEDUC COUNTY, ALTA. - Alberta’s government says it will invest up to $50 million to support the creation of a first-in-Canada drilling test site to support technology development in the oil, gas, geothermal and lithium industries. The Alberta Drilling Accelerator is intended to be an open-access, industry-led site where companies can test drilling technologies at deep depths, high temperatures and varying rock types. A location for the hub site has yet to be determined. While no binding [Read more]
Alberta forecasts $4.6-billion surplus in budget update, but braces for uncertainty
EDMONTON - The Alberta government is forecasting a $4.6-billion surplus this fiscal year, but Finance Minister Nate Horner says Alberta's in for a "challenging" future. The government's second-quarter fiscal update says just $2.9 billion of that surplus is expected to be cash, which would be split between paying down debt and the Heritage Savings Trust Fund. It says the surplus is largely the result of higher-than-expected income tax revenue thanks to Alberta's sharp population growth and [Read more]
Climate protesters arrested outside Pierre Poilievre’s official residence in Ottawa
Ottawa police say two people were arrested this morning after an "unlawful" demonstration outside Stornoway, the official residence the Opposition leader. Greenpeace Canada says its activists blocked Conservative Leader Pierre Poilievre's house and two of them locked themselves to a replica oil pumpjack placed in the driveway. The non-profit has been critical of Poilievre's climate change voting record and his advocacy for the oil and gas sector. Ottawa police say in a statement that [Read more]
TC Energy announces four new projects totalling $1.5 billion in capital spending
CALGARY - TC Energy Corp. announced it is going ahead with a total of about $1.5 billion in capital spending across four new projects. As part of an investor day presentation, the company says it has sanctioned two projects on its Columbia Gulf System in the U.S. that will help with the coal-to-gas conversion at two existing power plants. It says it will spend US$400 million on its Pulaski project and US$400 million on its Maysville project. Each project is underpinned by 20-year [Read more]
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