2017

Alberta Govt says economy up, budget deficit down but DBRS downgrades credit anyway

Province extending salary freeze 18 months for management, non-union employees The Alberta government now forecasts the economy will grow by four per cent in 2017, up from the 2.6 per cent forecast at budget and 3.1 per cent at first quarter, according to an Alberta government press release. But credit agency DBRS announced Wednesday that […]

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Global upstream oil and gas investment falls 25% in 2016, modest rebound in 2017 – IEA

  Rapidly growing economies of Southeast Asia represent over 4% of global energy investment Total energy investment worldwide in 2016 was just over $1.7 trillion, accounting for 2.2 per cent of global GDP, according to the International Energy Agency(IEA). Investment was down by 12 per cent compared to IEA’s revised 2015 energy investment estimate of

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SPARK 2017 conference in Edmonton a big success for Alberta clean tech industry

Emission Reductions Alberta planning SPARK conference again in 2019 More than 560 innovation and business leaders converged in Edmonton last week to attend SPARK 2017. The conference, featuring more than 80 speakers, was co-hosted by Emissions Reduction Alberta and Alberta Innovates, according to a press release. “Our province’s doors are open to ideas and investment,”

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Global energy system being transformed by renewables, electrification, says IEA annual report

U.S.projected to become world’s largest LNG exporter and net oil exporter by end of 2020’s The resurgence in oil and gas production from the United States, deep declines in the cost of renewables, and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to

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Alberta hottest economy in 2017, but provincial deficit unchanged at $10.5 billion

“Alberta’s economy is recovering, but it is not returning to what it looked like in 2014.” – Todd Hirsch Alberta’s economy continued to pick up momentum in the first half of 2017, with gains in jobs, housing, exports and other areas, according to a press release from the Alberta Government, which is now forecasting economic

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