EDMONTON - Jason Kenney is telling municipal leaders that while the province is once again flush with oil cash, now is not the time to put spending into overdrive. Kenney says oil revenues that are soaring can just as quickly fall, and the government needs to be prudent in its funding decisions. Kenney made the comments in a speech to the Alberta Municipalities spring leaders caucus. The organization represents towns, villages and cities across Alberta. The United Conservative [Read more]

CALGARY - Experts say Canada's oil industry has some capacity to increase exports to the U.S. in the wake of President Joe Biden's move to ban all Russian oil imports. Industry analysts say this country could ship between 200,000 and 400,000 thousand additional barrels of crude per day to the U.S. using existing pipelines and rail. But they say that can't happen immediately, as it takes time for oil producers to drill new wells and oilsands facilities to ramp up. U.S. government figures [Read more]

Rural areas in Alberta say the amount of unpaid taxes from energy companies is growing despite high oil prices. Rural Municipalities of Alberta says its members were owed more than $250 million at the end of last year — up three per cent over the previous year. Meanwhile, the price of oil averaged nearly $70 US over 2021 and has spiked in the last weeks to more than $120. Paul McLauchlin, who's the president of Rural Municipalities of Alberta, says it's time for the province's energy [Read more]

EDMONTON - Jason Kenney is expected to announce relief today for drivers being hit hard in the wallet at the gas pumps. The relief will begin on April 1 and will shave 13 cents per litre. Kenney has called a news conference for this afternoon, following an announcement he made last week promising a plan to address high gasoline prices. He has said Alberta’s economy is reaping windfall profits due to soaring global oil prices, but consumers are paying a hefty price. Kenney said officials [Read more]