Economics

Media Releases & Op-eds

Redwater decision reassuring, but we aren’t out of the woods

Pembina Institute reacts to the Supreme Court of Canada’s Redwater decision

CALGARY – JODI MCNEILL, analyst at the Pembina Institute, made the following statement in response to the Supreme Court's Decision on the Redwater legal case:

"The Supreme Court of Canada has prioritized paying clean up costs before creditors when extractive companies go bankrupt. This outcome reinforces the growing understanding that polluters are responsible for their clean up obligations. Read more about Redwater decision reassuring, but we aren’t out of the woods

Media Releases & Op-eds

Statement on the Supreme Court of Canada Ruling on the Alberta Orphan Well Association Appeal

Edmonton, Alta. – With its ruling today, the Supreme Court of Canada has rightfully put the health of our environment ahead of banks. Companies cannot shed their environmental liabilities in order to pay banks back first. This ruling is a win for all Canadians, as there are massive outstanding environmental liabilities in many sectors, not just oil and gas. Read more about Statement on the Supreme Court of Canada Ruling on the Alberta Orphan Well Association Appeal

Media Releases & Op-eds

SCC decision on abandoned oil wells a victory for environment and public but problems remain, Ecojustice says

CALGARY – The Supreme Court of Canada ruled today that cleaning up abandoned oil and gas wells must come before the interests of creditors after a company has gone bankrupt. Ecojustice lawyer Barry Robinson issued the following statement in response:

“The Supreme Court of Canada has ruled that bankruptcy trustees must put the environment first. This is a win for the environment and good news for landowners and Albertans. Read more about SCC decision on abandoned oil wells a victory for environment and public but problems remain, Ecojustice says

Story

Alberta's carbon levy is working

Joshua Buck, Alberta Program Manager for Environmental Defence writes:

Since Alberta’s economy-wide carbon levy was introduced in 2017, a lot of claims have been made about the levy, both positive and negative. So, what are the facts? That’s what we wanted to know. We did some investigation and put together a report: Carbon Pricing in Alberta – A Review of its Successes and Impacts. And what did we find? Overall, Alberta’s carbon levy is a success. Read more about Alberta's carbon levy is working

Media Releases & Op-eds

Op-ed: Hold energy industry responsible for clean-up costs

An op-ed from Joshua Buck, Alberta climate program manager at Environmental Defence, on the $260-billion unfunded environmental liability in the oil and gas sector in Alberta:

Albertans have had a long-standing and mutually beneficial bargain with the oil and gas industry. Basically, the deal was, the companies can take Albertans’ resources, practically for free, but in exchange, they’ll create high-paying jobs for Albertans. They’ll create the conditions for a strong economy, low taxes, and a high quality of life.

But it looks like we have been duped. Because there was another, hidden part of the deal: massive clean-up costs that the companies aren’t able to pay. Costs that will likely be left to Albertans to pay, long into the future.

Read the full op-ed in the Edmonton Journal Read more about Op-ed: Hold energy industry responsible for clean-up costs

Media Releases & Op-eds

Op-ed: Why a price on carbon pollution is good for Canadians

By Josha MacNab

Published in iPolitics (November 1, 2018).

Every so often, a commitment is made that sets a new course and drives Canada forward.

This is the kind of commitment we saw last week when the federal government announced that Canada will put a price on pollution as of Jan. 1, 2019 — a milestone worth celebrating toward the implementation of Canada’s comprehensive plan to tackle climate change. Read more about Op-ed: Why a price on carbon pollution is good for Canadians

Event

Regan Boychuk: The (100) Billion Dollar Question

Oct 30 2018 - 6:30pm

Regan will be talking about the little-known but urgent dilemma Alberta faces as a result of insolvent polluters and captured regulators. Public officials have allowed hundreds of billions in unfunded oilfield environmental liabilities to accumulate to crude oil and natural gas industries that no longer turn a profit. But there remains a solution if Albertans can find the political will.

Doors 6:30 PM | Talk 7:00 PM

Cost: $5

BUY TICKETS HERE Read more about Regan Boychuk: The (100) Billion Dollar Question

Location

AWA Cottage School
455 12 Street NW
Calgary , AB
Story

Report: The Economic Impact of Restoring Woodland Caribou Habitat in the Bistcho and Yates Ranges in Northwestern Alberta

From the Alberta Wilderness Association website:

The following report by eminent natural resource economist Dr. Thomas Michael Power found that managing lands for woodland caribou recovery can grow the economy in the Bistcho-Yates caribou range lands of northwest Alberta. The October 2018 report was commissioned by Alberta Wilderness Association, David Suzuki Foundation and Harmony Foundation to evaluate a caribou restoration economy.

Download the full report here: Read more about Report: The Economic Impact of Restoring Woodland Caribou Habitat in the Bistcho and Yates Ranges in Northwestern Alberta

Media Releases & Op-eds

Caribou recovery can grow economy in northwest Alberta’s Bistcho-Yates ranges

Managing lands for woodland caribou recovery can grow the economy in the Bistcho-Yates caribou range lands of northwest Alberta, eminent natural resource economist Dr. Thomas Michael Power found in an October 2018 report evaluating a caribou restoration economy. The report was commissioned by Alberta Wilderness Association, David Suzuki Foundation and Harmony Foundation. Read more about Caribou recovery can grow economy in northwest Alberta’s Bistcho-Yates ranges

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