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Fiscal update: Alberta facing $5.9 billion deficit as economy and spending slow down
Alberta's finance minister says the province is on track for a record $5.9 billion deficit this year as the oil crunch hits families and businesses.
And Joe Ceci says the worst may not be over if low oil prices persist and the province continues in recession.
"If current conditions continue, the final deficit will be in the range of $6.5 billion," Ceci said recently as he released first-quarter figures for the 2015-2016 fiscal year.
Can Alberta boost productivity on its energy mega-projects within 5 years?
Alberta Construction Magazine
The disease has been diagnosed. The cures are abundant. Yet Alberta's energy mega-projects still struggle with low productivity levels, which have persisted through the past decade like a nagging cough or multi-million dollar migraine.
The numbers reveal an industry that has fallen out of step with its international peers. In a report published in 2014, the Construction Owners Association of Alberta benchmarked the productivity of the energy projects done in the province between 2009-2014.
City to cut gas rate, maintain electrical fees
Cold Lake Sun
As Cold Lake's current gas franchise agreement will expire this fall, council is considering a new agreement that will drop the current fee from 13 to eight per cent.
"What they're going to see is a lower user fee. That part of your bill that is a franchise fee, that will be less for the people of Cold Lake," said Mayor Craig Copeland. "And I think that's fantastic because it's almost like a tax and we're going to be one of the lowest franchise fees in all of Alberta."
TransCanada wants a compressor station north of the city
Medicine Hat News
TransCanada Pipelines hopes to build a new compressor station north of Medicine Hat that would regulate gas flow into the city and supply fuel to a planned north-side electric station.
The project, outlined in a letter to local municipalities, could be before the National Energy Board this fall, and if approved, be in operation by early 2017.
At about that time, the city would be bringing its planned $66 million natural gas-powered generation site, known as Unit 16, online.
Portland transit lends advice to Calgary on future Green Line project
A group of Calgary city councillors and staffers is touring light rail networks in several west coast cities to help them make some critical decision on the future of the upcoming Green Line project.
After the delegation visits Vancouver and Seattle, the director of Portland's MAX light rail system will show the group — which includes councillors Druh Farrell, Jim Stevenson and Shane Keating — around Portland's public transportation system.
Town may be new stop for electric cars
Okotoks Western Wheel
Black Diamond is taking another step towards sustainable energy — this time targeting electric vehicles.
Town council approved $2,650 from its green fund to install two electric vehicle charging stations in its municipal building parking lot in a partnership with Sun Country Highway.
Administration will submit an application to Sun Country, a Canadian company developing a network of electrical vehicle chargers across Canada.
If approved, Black Diamond will receive signage, a standard electrical outlet and one specific for Tesla vehicles.
Canada has so much green energy potential
Last fall, a precipitous drop in oil prices forced Canadians to reconsider our economy's heavy dependence on the oil and gas industries. Today, the price of oil has dropped worldwide to what it cost in the depths of the 2009 recession.
It's a clear and sustained sign that Canada relies too heavily on oil and gas. We need to invest more in developing our renewable energy economy.
We have the ingredients to get there, and we're already well on our way.
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|September 11, 2015
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|September 12, 2015
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