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Fast Action, And Fair So Far

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Fast Action, And Fair So Far

All over the world, one of the first political acts after coronavirus declared itself was to shut down all sports events. Now, with the same coronavirus persisting, and in some cases expanding, its dismal influence, many of the same elected individuals are rushing to open those events as widely and as often as possible.

It’s obvious that presidents, commissioners and other leaders in the athletic world are doing their best to keep up with this mad charge to activity that features millionaires on local, national and international television. The majority agrees it is neither wise nor important to wait for fans to fill the seats before starting or replacing seasons in all major-league sports.

North America’s four most-watched pro sports – soon to be recognized as five, including soccer — have already declared preferred, possible or potential starting dates: officials in every case are ensuring that large or small COVID-19 outbreaks could force further adjustments and, of course, ultimate elimination of their entire project.

At this moment, baseball is dealing with the sad fact that many teams are dealing with fierce emergencies. A lot of programs have been shut down and there have been stated suspicions that some facilities will not be suitable for the 30 home games designated in a stormy agreement finally set by players and owners last week.

Like everyone else, the Toronto Blue Jays have standard concerns about staff and players contracting the virus, but finding a place for home games may turn out to be more urgent. Permission has been granted to train in Toronto for the scheduled 60-game season but some cautious souls still suggest it is more likely that the young Jays will be required to nest this season in nearby Buffalo or distant Dunedin, Fla. American infection numbers indicate the problem of bringing players across the border into Canada could become politically and medically improbable by the scheduled July 22 season opener.

Here in Alberta, the saga of the Blue Jays, as well as the fascinating basketball Raptors who will be competing by the end of July, fades in a dull colour by comparison with the Calgary Flames and Edmonton Oilers who open their official training camps on Monday.

A Stanley Cup playoff run could extend to as many as 33 games for survivors in the best-of-seven final, which will be staged entirely at spectacular Rogers Place. Only because of Alberta’s relative success in tamping down the coronavirus did the NHL finally designate Edmonton as a “hub city” after making it obvious from the beginning of all this talk that Las Vegas and Toronto (the other hub) were the favoured communities.

Almost from Day 1 after the NHL declared it would somehow present the 2020 Stanley Cup to a legitimate playoff champion, commissioner Gary Bettman insisted that safety was the “biggest issue and most serious concern” for all. Granting that some insiders were less than thrilled at the decision to involve so many teams in a one-series-loss-and-you’re-out scenario, he still believes the proper move was to involve teams that had not been officially eliminated when the season wrapped up on March 16.

“The competitive balance in our league is so extraordinary,” he said, “that we had to make sure it was for all to get a chance to win.”

Admittedly, the plan took effect in a massive hurry. Now, there is league-wide concern that one of the eight outsiders admitted to the playoffs might somehow win the Cup and wind up with a high draft choice – perhaps Number One. If that case, weaker teams who lose out can be expected to yell: “Not fair.!”

A Small, Important Opening

 

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Alberta

Big win for Alberta and Canada: Statement from Premier Smith

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Premier Danielle Smith issued the following statement on the April 2, 2025 U.S. tariff announcement:

“Today was an important win for Canada and Alberta, as it appears the United States has decided to uphold the majority of the free trade agreement (CUSMA) between our two nations. It also appears this will continue to be the case until after the Canadian federal election has concluded and the newly elected Canadian government is able to renegotiate CUSMA with the U.S. administration.

“This is precisely what I have been advocating for from the U.S. administration for months.

“It means that the majority of goods sold into the United States from Canada will have no tariffs applied to them, including zero per cent tariffs on energy, minerals, agricultural products, uranium, seafood, potash and host of other Canadian goods.

“There is still work to be done, of course. Unfortunately, tariffs previously announced by the United States on Canadian automobiles, steel and aluminum have not been removed. The efforts of premiers and the federal government should therefore shift towards removing or significantly reducing these remaining tariffs as we go forward and ensuring affected workers across Canada are generously supported until the situation is resolved.

“I again call on all involved in our national advocacy efforts to focus on diplomacy and persuasion while avoiding unnecessary escalation. Clearly, this strategy has been the most effective to this point.

“As it appears the worst of this tariff dispute is behind us (though there is still work to be done), it is my sincere hope that we, as Canadians, can abandon the disastrous policies that have made Canada vulnerable to and overly dependent on the United States, fast-track national resource corridors, get out of the way of provincial resource development and turn our country into an independent economic juggernaut and energy superpower.”

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Alberta

Energy sector will fuel Alberta economy and Canada’s exports for many years to come

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From the Fraser Institute

By Jock Finlayson

By any measure, Alberta is an energy powerhouse—within Canada, but also on a global scale. In 2023, it produced 85 per cent of Canada’s oil and three-fifths of the country’s natural gas. Most of Canada’s oil reserves are in Alberta, along with a majority of natural gas reserves. Alberta is the beating heart of the Canadian energy economy. And energy, in turn, accounts for one-quarter of Canada’s international exports.

Consider some key facts about the province’s energy landscape, as noted in the Alberta Energy Regulator’s (AER) 2023 annual report. Oil and natural gas production continued to rise (on a volume basis) in 2023, on the heels of steady increases over the preceding half decade. However, the dollar value of Alberta’s oil and gas production fell in 2023, as the surging prices recorded in 2022 following Russia’s invasion of Ukraine retreated. Capital spending in the province’s energy sector reached $30 billion in 2023, making it the leading driver of private-sector investment. And completion of the Trans Mountain pipeline expansion project has opened new offshore export avenues for Canada’s oil industry and should boost Alberta’s energy production and exports going forward.

In a world striving to address climate change, Alberta’s hydrocarbon-heavy energy sector faces challenges. At some point, the world may start to consume less oil and, later, less natural gas (in absolute terms). But such “peak” consumption hasn’t arrived yet, nor does it appear imminent. While the demand for certain refined petroleum products is trending down in some advanced economies, particularly in Europe, we should take a broader global perspective when assessing energy demand and supply trends.

Looking at the worldwide picture, Goldman Sachs’ 2024 global energy forecast predicts that “oil usage will increase through 2034” thanks to strong demand in emerging markets and growing production of petrochemicals that depend on oil as the principal feedstock. Global demand for natural gas (including LNG) will also continue to increase, particularly since natural gas is the least carbon-intensive fossil fuel and more of it is being traded in the form of liquefied natural gas (LNG).

Against this backdrop, there are reasons to be optimistic about the prospects for Alberta’s energy sector, particularly if the federal government dials back some of the economically destructive energy and climate policies adopted by the last government. According to the AER’s “base case” forecast, overall energy output will expand over the next 10 years. Oilsands output is projected to grow modestly; natural gas production will also rise, in part due to greater demand for Alberta’s upstream gas from LNG operators in British Columbia.

The AER’s forecast also points to a positive trajectory for capital spending across the province’s energy sector. The agency sees annual investment rising from almost $30 billion to $40 billion by 2033. Most of this takes place in the oil and gas industry, but “emerging” energy resources and projects aimed at climate mitigation are expected to represent a bigger slice of energy-related capital spending going forward.

Like many other oil and gas producing jurisdictions, Alberta must navigate the bumpy journey to a lower-carbon future. But the world is set to remain dependent on fossil fuels for decades to come. This suggests the energy sector will continue to underpin not only the Alberta economy but also Canada’s export portfolio for the foreseeable future.

Jock Finlayson

Senior Fellow, Fraser Institute
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