Category Archives: Economic Data

Oil’s Deep State

Originally posted 7 October 2017

Kevin Taft’s new book Oil’s Deep State, sub-titled “How the petroleum industry undermines democracy and stops action on global warming- in Alberta and in Ottawa,” was released on 26 September to a large audience at the UofA’s TELUS Centre. The book launch was sponsored by the Parkland Institute and Alberta Views newsmagazine. The book is a “must read” for anyone who is interested in Alberta politics and society. Continue reading

Economics Society of Northern Alberta- Outlook conference

Readers are encouraged to visit 2018 Economic Outlook conference for information about the 7 December event and register for the conference.  The event always has an excellent roster of speakers and a great place to meet new folks and renew acquaintances.

 

(Have just registered!)

Redwater Resources

Originally posted 1 July 2017

Since our last post on the Redwater decision, the Alberta Court of Appeal, in a two-one decision, upheld the earlier judgment of Chief Justice Neil Wittman. The judgment was rendered by Justice Frans Slatter with Madam Justice Frederica Schultz concurring. Madam Justice Sheilah Martin’s dissent is the first ray of hope for the Alberta Energy Regulator (AER) and the Orphan Well Association (OWA) which has contested the Trustee in Bankruptcy’s right to disclaim unproductive oil wells.  The trustee, Grant Thornton LLP, acting on behalf of Alberta Treasury Branches (ATB Financial), sought only to claim the productive wells.  The ultimate outcome in this case is central to the relationship between oil and gas producers and lenders and to the financial viability of oil and gas producers, and in fact to the whole province’s economy. The case pits environmental values and interests against financial values and interests. Who cleans up when oil companies go bankrupt15-7-17 GM

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