Alberta
Graven Images: The Greening Of Calgary
The city of Calgary this week elected the first woman mayor in its history. This is a source of great satisfaction to those citizens who cringe at Calgary’s image as part buckaroo/ part bitumen cowboy. The fact that Jyoti Gondek is of Pashtun origin only deepens the sense of accomplishment for the urban elite of Calgary.
How giddy are the wokesters? A CBC reporter illustrated the story with a tweet showing a long series of emoji men followed by a single emoji of a woman. Because journalistic objectivity at the national broadcaster demands a clever tweet. “Look what we’ve done, world! Woman! Punjabi! Now we can hold our heads up in the polite society of the urban hives.”
The new mayor has a PhD in urban sociology which “furnishes understanding of the complex as well as profound meaning of every urban reality, notably the territorial stabilization of social life, the rise of a space symbol system and culture, and the origin and evolution of human settlements.”
Which sounds like the sort of convoluted stuff that Wokesters toss around when they’re trying to distance themselves from the Stampede crowd. What it means in reality is that Gondek will commit $250 K to declare a climate emergency in Calgary as her first priority as mayor. As this photo below shows, it’s not a moment too soon.
Can she tame the city’s transit snarls and stare down a council bent on destroying the budget? Who knows? Who cares? The natural gas/ petroleum bastards will now have to take a knee to the symbolism of her outreach to Big Climate. And that’s enough.
Okay, it’s just a mayor in a mid-sized Canadian city, but you have to start with small dreams if you’re going to make the world a progressive paradise. Especially when, like Gondek, you spend every working day cloying with guilt over how Calgary’s energy industry is ravaging Mother Earth.
The big Green virtue dreams are the ones about to be dreamt in Glasgow in the next weeks as the world’s guiltiest liberals— aka the IPCC— convene to reconstitute the world economy by killing fossil fuels. If this all sounds familiar it’s because the Al Gores and Neil Youngs have been hard at this project for decades, sending thunderbolts of doom via a captive media. (Sample: 1987: NASA’s James Hansen predicts world 3C warmer by 2020. Reality: average temp only 0.44C higher.) And lots more faceplants.
No matter. The evolution of Green is a litany of half-baked predictions and salacious slanders. Even as European governments scramble to replace their sacred renewable dreams with the realities of nuclear power or, gasp, Russian natural gas, the pious will still party like it’s 1999— when all things seemed possible. There’s a revolution of purity happening here, folks, and a few inconvenient facts isn’t going to harsh the vibe.
The vibe, of course, is not climate change or even first women mayors. The vibe is victim culture, re-fitting Marxism so the uncouth and intemperate opposition can be permanently rendered inert. If Marx’s wealth re-distribution is to happen equity— not just equality— must be achieved. Any weapon at hand— climate, gender, victimization— will serve to get there.
The old Commie’s theories just need a new coat of victim’s paint to make them current. Author Chris Rufo explains how the Left is making the quick flip after their Cold War dreams died in the ‘70s at the altar of capitalist riches. : “… rather than abandon their political project, Marxist scholars in the West simply adapted their revolutionary theory to the social and racial unrest of the 1960s. Abandoning Marx’s economic dialectic of capitalists and workers, they substituted race for class and sought to create a revolutionary coalition of the dispossessed based on racial and ethnic categories.”
Suddenly, it’s all victims, all the time.
Thus the new liturgy, funded by Big Tech oligarchs such as Mark Zuckerberg and Bill Gates. Capitalist roaders are failed humans. Writes Christopher Chantrill: “Today’s elites are totally down as Allies of the Oppressed Peoples. Their political power is justified by their untiring support of and advocacy for The Victims.”
Andrea Widburg describes the role reversal in The American Thinker: “In its new iteration, Whites are irredeemably racist and evil. Equality is a trap because White societal dominance means that the other races (and sexualities) will never be able to catch up. Forced equity is the only answer, and one way to pave the way for that to happen is to force Whites to remove themselves from society, from the economy, from politics, and from any other area in which they can be seen to have an advantage.”
Celebrating the ascent of symbolism, not the skill-set of politicians such as Barack Obama (and the removal of statues) is how whites willingly remove themselves from the economy and society. As Rufo tweets, “@LockheedMartin, the nation’s largest defense contractor, sent key executives to a three-day white male reeducation camp in order to deconstruct their “white male culture” and atone for their “white male privilege.”
To the surprise of the Marxists, their old enemies on Wall Street are enthusiastically taking the bait. Now they have only the rump opposition of libertarians and stubborn conservatives left to hammer into shape and the Bernie Sanders revolution, begun in the ‘60s, will be complete.
Calgary will be so proud.
Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster (http://www.notthepublicbroadcaster.com). The best-selling author of Cap In Hand is also a regular contributor to Sirius XM Canada Talks Ch. 167. A two-time winner of the Gemini Award as Canada’s top television sports broadcaster, his new book with his son Evan is called InExact Science: The Six Most Compelling Draft Years In NHL History is now available on http://brucedowbigginbooks.ca/book-personalaccount.aspx
From the Canadian Energy Centre
By Will Gibson
Investment in ‘value-added’ projects more than doubled to $4 billion in 2024
In the 1930s, economist Harold Innis coined the term “hewers of wood and drawers of water” to describe Canada’s reliance on harvesting natural resources and exporting them elsewhere to be refined into consumer products.
Almost a century later, ATB Financial chief economist Mark Parsons has highlighted a marked shift in that trend in Alberta’s energy industry, with more and more projects that upgrade raw hydrocarbons into finished products.
ATB estimates that investment in projects that generate so-called “value-added” products like refined petroleum, hydrogen, petrochemicals and biofuels more than doubled to reach $4 billion in 2024.
“Alberta is extracting more value from its natural resources,” Parsons said.
“It makes the provincial economy somewhat more resilient to boom and bust energy price cycles. It creates more construction and operating jobs in Alberta. It also provides a local market for Alberta’s energy and agriculture feedstock.”
The shift has occurred as Alberta’s economy adjusts to lower levels of investment in oil and gas extraction.
While overall “upstream” capital spending has been rising since 2022 — and oil production has never been higher — investment last year of about $35 billion is still dramatically less than the $63 billion spent in 2014.
Parsons pointed to Dow’s $11 billion Path2Zero project as the largest value-added project moving ahead in Alberta.
The project, which has support from the municipal, provincial and federal governments, will increase Dow’s production of polyethylene, the world’s most widely used plastic.
By capturing and storing carbon dioxide emissions and generating hydrogen on-site, the complex will be the world’s first ethylene cracker with net zero emissions from operations.
Other major value-added examples include Air Products’ $1.6 billion net zero hydrogen complex, and the associated $720 million renewable diesel facility owned by Imperial Oil. Both projects are slated for startup this year.
Parsons sees the shift to higher value products as positive for the province and Canada moving forward.
“Downstream energy industries tend to have relatively high levels of labour productivity and wages,” he said.
“A big part of Canada’s productivity problem is lagging business investment. These downstream investments, which build off existing resource strengths, provide one pathway to improving the country’s productivity performance.”
Heather Exner-Pirot, the Macdonald-Laurier Institute’s director of energy, natural resources and environment, sees opportunities for Canada to attract additional investment in this area.
“We are able to benefit from the mistakes of other regions. In Germany, their business model for creating value-added products such as petrochemicals relies on cheap feedstock and power, and they’ve lost that due to a combination of geopolitics and policy decisions,” she said.
“Canada and Alberta, in particular, have the opportunity to attract investment because they have stable and reliable feedstock with decades, if not centuries, of supply shielded from geopolitics.”
Exner-Pirot is also bullish about the increased market for low-carbon products.
“With our advantages, Canada should be doing more to attract companies and manufacturers that will produce more value-added products,” she said.
Like oil and gas extraction, value-added investments can help companies develop new technologies that can themselves be exported, said Shannon Joseph, chair of Energy for a Secure Future, an Ottawa-based coalition of Canadian business and community leaders.
“This investment creates new jobs and spinoffs because these plants require services and inputs. Investments such as Dow’s Path2Zero have a lot of multipliers. Success begets success,” Joseph said.
“Investment in innovation creates a foundation for long-term diversification of the economy.”
From the Fraser Institute
By Tegan Hill and Milagros Palacios
Whether due to U.S. tariffs or lower-than-expected oil prices, the Smith government has repeatedly warned Albertans that despite a $4.6 billion projected budget surplus in 2024/25, Alberta could soon be in the red. To help avoid this fate, the Smith government must restrain spending in its upcoming 2025 budget.
These are not simply numbers on a page; budget deficits have real consequences for Albertans. For one, deficits fuel debt accumulation. And just as Albertans must pay interest on their own mortgages or car loans, taxpayers must pay interest on government debt. Each dollar spent paying interest is a dollar diverted from programs such as health care and education, or potential tax relief. This fiscal year, provincial government debt interest costs will reach a projected $650 per Albertan.
And while many risk factors are out of the government’s direct control, the government can control its own spending.
In its 2023 budget, the Smith government committed to keep the rate of spending growth to below the rate of inflation and population growth. This was an important step forward after decades of successive governments substantially increasing spending during good times—when resource revenues (including oil and gas royalties) were relatively high (as they are today)—but failing to rein in spending when resource revenue inevitably declined.
But here’s the problem. Even if the Smith government sticks to this commitment, it may still fall into deficit. Why? Because this government has spent significantly more than it originally planned in its 2022 mid-year plan (the Smith government’s first fiscal update). In other words, the government’s “restraint” is starting from a significantly higher base level of spending. For example, this fiscal year it will spend $8.2 billion more than it originally planned in its 2022 mid-year plan. And inflation and population growth only account for $3.1 billion of this additional spending. In other words, $5.1 billion of this new spending is unrelated to offsetting higher prices or Alberta’s growing population.
Because of this higher spending and reliance on volatile resource revenue, red ink looms.
Indeed, while the Smith government projects budget surpluses over the next three fiscal years, fuelled by historically high resource revenue, if resource revenue was at its average of the last two decades, this year’s $4.6 billion projected budget surplus would turn into a $5.8 billion deficit. And projected budget surpluses in 2025/26 and 2026/27 would flip to budget deficits. To be clear, this is not a far-fetched scenario—resource revenue plummeted by nearly 70 per cent in 2015/16.
In contrast, if resource revenue fell to its average (again, based on the last two decades) but the Smith government held to its original 2022 spending plan, Alberta would still have a balanced budget in 2026/27.
Bottom line; had the Smith government not substantially increased spending over the last two years, Alberta’s spending levels today would align with more stable ongoing levels of revenue, which would put Alberta on more stable fiscal footing in the years to come.
Premier Smith has warned Albertans a budget deficit may be on the way. To mitigate the risk of red ink moving forward, the Smith government should show real spending restraint in its 2025 budget.
Tegan Hill
Milagros Palacios
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