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May 21, 2015

Latest bad news for oil-rich Alberta: more getting unemployment aid

CALGARY, Alberta, May 21 (Reuters) – The number of Alberta
job seekers collecting unemployment benefits rose the most in
March since the financial crisis, another sign last year’s crude
price plunge is still badly hurting the economy of the
oil-exporting Canadian province.

Statistics Canada said on Thursday that the number of
Albertans receiving unemployment insurance benefits rose for the
fifth-straight month in March to 38,800, 8.9 percent more than
in February.

May 12, 2015

Alberta premier-elect says royalty review coming in current term

CALGARY, Alberta, May 12 (Reuters) – Rachel Notley,
premier-elect of the Canadian province of Alberta, the largest
source of U.S. oil imports, said on Tuesday her newly elected
government intends to hold its promised review of royalty rates
for oil and gas producers in its current term.

Notley, whose left-wing New Democratic Party last week ended
the 44-year rule of the right-wing Progressive Conservatives,
said the dates for the review have not yet been set, nor has the
timing of her government’s first budget, which will be set in
the next few days as she finalizes her cabinet.

May 7, 2015

No experience, no problem: Alberta’s NDP rookies scramble to govern

CALGARY, Alberta, May 7 (Reuters) – Alberta’s new
left-leaning government, which sensationally ended the
Conservative party’s 44-year run in Canada’s energy heartland
this week, is undertaking a crash course that could be called:
“Ruling for Rookies.”

The election victory by the New Democratic Party (NDP) on
Tuesday will deliver one of the most inexperienced parties ever
to take office in Canada. The party previously held just four of
87 seats in the legislature and only a few of its 53 new
lawmakers have ever held public office.

May 7, 2015

Canadian Natural says will work with new Alberta government

CALGARY, Alberta, May 7 (Reuters) – Canadian Natural
Resources Ltd, the country’s largest oil producer, said
on Thursday it expects Alberta’s newly elected left-wing
government will be a good partner for the energy industry, but
warned that increased corporate taxes and royalties would cause
businesses to flee the province.

The company, which reported a first-quarter loss on
Thursday, said the policies of Premier-elect Rachel Notley and
her New Democratic Party would not be good for the industry,
though it is willing to educate her.

May 6, 2015

Left turn in Canada’s oil-rich Alberta stuns energy industry

CALGARY, Alberta, May 6 (Reuters) – Canadian oil and gas
shares tumbled and the country’s main stock index hit a
one-month low on Wednesday after the left-wing New Democratic
Party surged to power in the oil-rich province of Alberta on
promises that included energy industry reforms.

“Even now our inboxes are filling with messages expressing
something between disbelief and dismay,” analyst Andrew Bradford
of Raymond James brokerage said after the party won an election
on Tuesday to end 44 years of Conservative rule.

May 6, 2015

Left turn in Canada’s oil-rich Alberta leaves investors reeling

CALGARY, Alberta, May 6 (Reuters) – A seismic political
shift in Canada’s oil-producing heartland of Alberta has left
voters, investors and oil executives braced for change as a
rookie left-wing government promises major reforms after 44
years of Conservative rule.

The New Democratic Party (NDP) swept to crushing victory in
the Western Canadian province on Tuesday on a pledge to review
oversight of the oil and gas sector, capitalizing on voter anger
over low oil prices, entitled politicians and government budget

May 6, 2015

Canada’s Alberta takes hard left turn with NDP win

CALGARY, Alberta, May 5 (Reuters) – The left-wing New
Democrats won election in the Canadian province of Alberta on
Tuesday, ending the 44-year run by the Progressive Conservatives
amid promises to review oversight of the oil and gas sector in
the home of Canada’s oil sands.

At the end of a month-long campaign, the New Democratic
Party (NDP), which has never held more than 16 seats in the
87-seat provincial legislature, will lead a majority government.
It held a commanding lead in early results, leading or elected
in 54 seats at 9 p.m. local time while the Conservatives were
ahead in just 13, according to CBC TV.

May 5, 2015

Canada’s Alberta looks poised for change on election day

CALGARY, Alberta (Reuters) – The oil-rich Canadian province of Alberta could be poised for its first new government in 44 years on Tuesday as voters appear set to move away from the right-wing policies of the ruling Progressive Conservative and turn sharply left.

At the end of a month-long campaign, the New Democratic Party (NDP), which has never held more than 16 seats in the 87-seat provincial legislature, holds a commanding lead in the polls heading into the election.

May 4, 2015

Alberta’s possible pivot to the left alarms Canadian oil sector

CALGARY, Alberta (Reuters) – Canada’s oil-rich province of Alberta is on the cusp of electing a left-wing government that can make life harder for the energy industry with its plans to raise taxes, end support for key pipeline projects and seek a bigger cut of oil revenues.

Polls suggest Tuesday’s election is set to end the Conservative’s 44-year reign in the province that boasts the world’s third-largest proven oil reserves and now faces recession because of the slide in crude prices.

May 1, 2015

Polls show Conservatives in oil-rich Alberta may be set for defeat

CALGARY, May 1 (Reuters) – The center-right government of
Alberta is trailing badly in polls ahead of Tuesday’s election,
setting the stage for a possible left-wing victory in the
province, home to Canada’s oil sands and the largest source of
U.S. crude imports.

A poll released on Friday showed the left-of-center New
Democratic Party (NDP) with 44 percent support in Alberta, where
the Progressive Conservatives have ruled for 44 consecutive

    • About Scott

      "Based in Calgary, Alberta, I've covered Canada's energy industry and the oil sands for the past five years for Reuters, and a decade before that for newspapers and other wire services."
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