Tag Archives: Alberta

Alberta aims to revive natural gas industry

The government of Alberta, sideswiped by the recession and depressed natural gas prices, is stepping up its efforts to resuscitate drilling and compete against massive supplies of shale gas from British Columbia and the United States. Premier Ed Stelmach’s government is expected on Thursday to extend royalty breaks on natural gas production. Observers also believe [...]

Full Story

Alberta slips into recession

Falling stock prices and energy revenues have hit Alberta hard, and the debt-free province is now expected to post a $1-billion deficit – its first budget shortfall in 15 years. It’s a major reversal from even last August, when government officials were projecting Alberta would rake in an $8.5-billion surplus by the end of the [...]

Full Story