Alberta considers bowing to producers
The Canadian province's new regime sees a way to pivot from a potentially costly repeal threat
Alberta premier Jason Kenney is not a fan of the province's C$3.7bn ($2.8bn) crude-by-rail contracts with transport firms Canadian National (CN) and Canadian Pacific (CP). But he may have to take an approach more pragmatic than his initial populist rhetoric. Even before former incumbent Rachel Notley had the Alberta Petroleum Marketing Commission sign the contracts in February, and two months before he won office, Kenney warned he would cancel them, labelling them reckless "corporate welfare". But the Kenney government quickly realised that the two railroad firms would seek penalties from Alberta if it broke the contracts, and, in mid-June, switched gears by indicating plans to offload the c
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
