artvandelay
Active Member
If you aren't invested in Canadian energy stocks right now - you crazy! The free cashflow yield these companies are generating is insane. The valuations simply do not make sense.
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Calgary & Alberta Economy
- Thread starter Oddball
- Start date
Atticus
Active Member
The end result was more Europe flights from YYC
darwink
Senior Member
I’m more annoyed westjet’s loyalty program is leagues behind air Canada’s. Otherwise they are pretty similar airlines these days.
JonnyCanuck
Senior Member
Smith challenges Ottawa's 'just transition' plan for oil and gas workers
Alberta Premier Danielle Smith says the province won't abide by a federal plan to move workers out of the oil and gas sector.
calgaryherald.com
This is getting more attention in the news as the Liberals and their 'partners in crime', the NDP are getting closer to tabling the Just Transition legislation. We don't know exactly what is in it but on the surface, it does not look good for Alberta. The objective is to transition highly skilled (and paid) jobs in the oil & gas sector into similar jobs in renewable energy. What some analysts are saying is that those jobs in the renewable sector will likely not be based in Alberta but more so in central Canada. I am guessing a lot of the jobs will probably be government paid (more tax burden on Canadians) until the private sector scales up. I don't see how this will be a good thing for Alberta and to her credit, that is what Smith is trying to get in front of. I don't want to be a pessimist but this smells like NEP all over again.
DougB
Senior Member
Nah. This manufactures a wedge in case of a federal election this year. The Liberals are constructing points to conjure a chimera of Danielle Smith/Pierre Pollievre/stereotypic Albertans/The O&G Industry as the enemy:Smith challenges Ottawa's 'just transition' plan for oil and gas workers
Alberta Premier Danielle Smith says the province won't abide by a federal plan to move workers out of the oil and gas sector.
This is getting more attention in the news as the Liberals and their 'partners in crime', the NDP are getting closer to tabling the Just Transition legislation. We don't know exactly what is in it but on the surface, it does not look good for Alberta. The objective is to transition highly skilled (and paid) jobs in the oil & gas sector into similar jobs in renewable energy. What some analysts are saying is that those jobs in the renewable sector will likely not be based in Alberta but more so in central Canada. I am guessing a lot of the jobs will probably be government paid (more tax burden on Canadians) until the private sector scales up. I don't see how this will be a good thing for Alberta and to her credit, that is what Smith is trying to get in front of. I don't want to be a pessimist but this smells like NEP all over again.
-Albertans don't BELIEVE in climate change or science - despite being overall the most educated province with the highest percentage of STEM employment (of course, education only matters if one is employed within the public sector ecosystem, or in the private sector as a result of federal industrial policy)
-The O&G industry lags on investment in CCUS - which is an absolute lie, but the the first principle in political communications is that if you repeat a lie often enough, it becomes fact
-Alberta's surplus is ill begotten and due to price gouging of other Canadians, rather than through some minor operational spending restraint during the Kenney days and global commodity markets, and therefore the federal government should dictate how it is spent
The other heads are deferred to future pre-writ campaigning: Jordan Peterson, Trucker Convoy participants, Donald Trump, Stephen Harper.
This hurts the provincial NDP's election odds, but creates a great distraction from falling real wages and overwhelming incompetence of the federal Liberals.
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Chowda7
Active Member
CTV News Calgary: Calgary's film industry boosted by new soundstages | CTV News.
calgary.ctvnews.ca
Calgary's film production ready to jump into high gear with new soundstages
A boom in the film industry has led to an explosion of development in Calgary's film infrastructure and personnel.
Here's a look at the phase II building. It's a rendering, but is complete now.
Rollerstud98
Active Member
So that’s what that is! I drove by and thought it was a big new shop for somebody.
darwink
Senior Member
As for things that will actually have an impact on the AB economy:
www.spglobal.com
US Freeport LNG keeps January restart target amid market expectations of further delay
Freeport LNG is sticking to its target for resuming production in the second half of January, despite growing anticipation among market participants that the operator faces further delays with federal
www.spglobal.com
Chowda7
Active Member
Varcoe: Summit Nanotech lands $67M in funding, accelerating growth in Calgary's flourishing cleantech sector
Summit Nanotech is part of a growing cleantech community in Alberta, and there are expectations it will get much bigger in the coming years.
calgaryherald.com
Chowda7
Active Member
Global News: Proposed Calgary energy park to be 'largest' carbon-negative renewable biofuels facility in continent - Calgary | Globalnews.ca.
globalnews.ca
Proposed Calgary energy park to be ‘largest’ carbon-negative renewable biofuels facility in continent - Calgary | Globalnews.ca
Calgary is a step closer to getting a new “energy park” in the southeast industrial area.
globalnews.ca
Calgary's construction worker shortage could impact 2023 economy in big way
The city's population and demand for new builds is only growing, but many sites are having a tough time supplying the staff.
Mountain Man
Senior Member
I think that with Boomers starting to retire en masse. Worker shortages are going to be the norm in most industries very soon.
Chowda7
Active Member
Calgary rises to eighth best city to live and work as a moviemaker | Calgary Economic
Home to A-list Hollywood productions and local indie films, Calgary’s film and television industry continues to gain international recognition. The city made MovieMaker’s list of Best Cities to Live and Work as a Moviemaker in 2023, rising two spots and placing 8th among the Top 25 cities in...
www.calgaryeconomicdevelopment.com
zagox
Active Member
737 Max service from Toronto and Halifax to Europe is gone after all