Tausi Insider

Minister of Environment and Climate Change Steven Guilbeault takes part in a news conference in Ottawa, on Sept. 15. Adrian Wyld/The Canadian Press Canada’s Environment Minister said he sees at least one advantage of using an emissions cap over a pricing system to bring down the oil and gas industry’s burgeoning output of greenhouse gas. In an interview on Monday with Tausi Insider at the COP27 climate conference in Egypt, Steven Guilbeault, who has been Minister of Environment and Climate Change for a year, said “one of the advantages of a cap is emissions reduction certainty,” that is, a cap would allow the government to predict with some degree of accuracy that Canada’s emissions targets would be met. Canada is struggling to reduce its carbon output by at least 40 per cent by 2030 and achieve net-zero emissions by 2050. The government wants the oil and gas industry to cut its emissions by 42 per cent from 2019′s levels by 2030. A modified carbon pricing system is the alternative t...

Alberta's oil-dominated economy is used to boom-and-bust cycles, but as global demand for oil is once again rising higher energy revenues are not translating into a sustained economic boom for the province. Craig Glover/cglover@craigglover.com Glen Hodgson is a senior fellow at the C.D. Howe Institute. Charles St-Arnaud is chief economist at Alberta Central. Alberta has earned a reputation over many decades for being a boom-bust economy. Strong oil demand and high prices have created boom times for jobs, incomes, investment and government revenues, while weak demand and falling prices have meant a slowdown or even recession on occasion. But now, global demand for oil is again rising and prices are high, yet more oil-production revenue is not translating into a sustained economic boom for Alberta. The province’s economy grew by 4.8 per cent in real terms (with inflation removed) in 2021. A budget surplus has financed or paid for Premier Danielle Smith’s latest inflation-relief han...

A construction worker walks past the steam generating facility at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake, Alta., in 2012. The company is part of Pathways, a group of six companies responsible for about 95 per cent of oil sands production. Todd Korol/Reuters A coalition of oil sands companies eyeing a massive new emissions-reduction project in northern Alberta will this winter begin exploratory drilling of underground reservoirs in which it hopes to store captured carbon, as part of its goal to produce net-zero oil by 2050. But Kendall Dilling, president of the Pathways Alliance, said there’s still another year or two of project development and applications for regulatory approvals before the planned carbon capture project hopefully gets the green light. The multibillion-dollar proposal includes a pipeline to gather captured carbon from more than 20 oil sands facilities and move it to an underground storage hub near Cold Lake, Alta. “We want to turn dirt and...

A freight train has derailed in southwestern Saskatchewan. The Transportation Safety Board says 47 cars holding 95 containers left the tracks late Sunday near the village of Chaplin. A spokesman with Canadian Pacific Railway Ltd. CP-T says none of the cars were carrying dangerous goods. There were no injuries reported. Investigators from the safety board are on their way to the site and Canadian Pacific has dispatched crews and equipment to it. Chaplin is located about 150 kilometres west of Regina. https://www.tausiinsider.com/forty-seven-train-cars-derail-in-southwestern-saskatchewan/?feed_id=324094&_unique_id=63ea42d64ba63

Postmedia Network Canada Corp. PNC-B-T will lay off 11 per cent of its 650 editorial employees, the company said Tuesday, as it contends with rising costs and declining advertising and circulation revenue. The media company, which owns more than 130 brands including the National Post, announced the cuts at an employee town hall. “There’s no question that we are in an existential fight for our lives,” said acting senior vice-president of editorial Gerry Nott, according to a recording obtained by Tausi Insider. “I do think that we’re transforming … It’s clear to me that we need to hasten the speed.” The restructuring will affect all titles across the chain, except for those acquired from Brunswick News last year, Mr. Nott said. Postmedia did not immediately return a request for comment. The details follow a company memo last week stating an unspecified number of roles will be eliminated over the coming months through layoffs and by not filling job vacancies. The sales, editorial, produ...

Postmedia Network Canada Corp. PNC-B-T will lay off 11 per cent of its 650 editorial employees, the company said Tuesday, as it contends with rising costs and declining advertising and circulation revenue. The media company, which owns more than 130 brands including the National Post, announced the cuts at an employee town hall. “There’s no question that we are in an existential fight for our lives,” said acting senior vice-president of editorial Gerry Nott, according to a recording obtained by Tausi Insider. “I do think that we’re transforming … It’s clear to me that we need to hasten the speed.” The restructuring will affect all titles across the chain, except for those acquired from Brunswick News last year, Mr. Nott said. Postmedia did not immediately return a request for comment. The details follow a company memo last week stating an unspecified number of roles will be eliminated over the coming months through layoffs and by not filling job vacancies. The sales, editorial, produ...