Forum on Provincial Budget IPE – 18 April 2018

Below are details pertaining to the Institute for Public Economics’s forum on the Alberta government’s budget tabled on 22 March.

The Institute for Public Economics invites you to attend its annual Post-mortem on the provincial budget. On March 22nd Finance Minister Joe Ceci tabled his fourth budget. In Budget 2018 A Recovery built to last, the provincial government expects to spend $56.2 billion will taking in revenue of $47.9 billion. In addition, $4.1 billion of capital investment will be made.  A key part of this year’s budget is the government’s stated intention to eliminate the deficit by fiscal 2023-24.

The post-mortem will take place at 4:30 p.m. on Wednesday 18 April in the Centennial Centre for Interdisciplinary Studies Room CCIS 1-440 on the main University of Alberta Campus.

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Pressure reaching boiling point over Kinder Morgan project

Originally posted 10 April 2018

Updated with more cartoons and articles

  • Political agendas- staying in power and getting re-elected
  • Are environmental groups under undue influence of foreign players?
  • Possible Solution – feds exercising its jurisdiction over marine activities?

Canada’s oil and gas industry and financial community and their media allies have ramped up pressure on politicians in Victoria, Ottawa, and Edmonton to reach a deal. Capital hates regulatory uncertainty and Kinder Morgan’s board has finally said “enough is enough.”  The parent company of Kinder Morgan Canada is based in Texas and its Texas roots have been used to bolster opposition to the pipeline. Continue reading

Economics Society of Northern Alberta Discussion on Alberta Budget 2018

This event has been cancelled

Originally posted 6 April 2018

Revised  12 April 2018

ESNA is hosting a presentation and discussion of the 2018 budget at the Chateau Lacombe on Monday 16 April 2018 at the Chateau Lacombe, 10111 Bellamy Hill Road commencing at 11:30.  To register go  to ESNA events

The keynote speakers will be Dr. David Swann of the Alberta Liberal Party and Mr. Stephen Mandel the leader of the Alberta party.  Dr. Mel McMillan, Professor Emeritus of Economics at the University of Alberta and Fellow, Institute for Public Economics will provide brief comments.  Short bios of the speakers appear below.  Continue reading

Environmental Liabilities- Regulators and Players

Originally posted 2 April 2018

Highlights:

  • Alberta Energy Regulator and Licensee Liability Rating system
  • Roles played Orphan Well Association and Surface Rights Board
  • Nomenclature
  • What are asset retirement obligations?

Albertarecessionwatch.com has been examining the scope of reclamation costs faced by the Alberta oil, gas and oil sands industries, and, ultimately, the Alberta government and taxpayers.  The Redwater Resources case,  Redwater  heard by the Supreme Court on 15 February is, arguably, the first salvo in what will be a long drawn out legal affair pitting environmental “interests” (NGOs, some governments, indigenous groups) against other governments, regulators, banks, and the energy industry. Continue reading