Monday, March 10

Politics

Auditor General and orphaned wells
Credit Ratings, Energy, Government Finances, Politics

Auditor General and orphaned wells

On 23 March the Auditor General issued his spring reports into four areas including the Liability Management program for  oil and gas wells administered by the Alberta Energy Regulator. AER has a system to mitigate the risks for the closure of oil and gas infrastructure; however, parts of the system have not operated effectively…criteria were not fully met in the following areas: risk management practices goals, performance measurement and public accountability assessing information from OWA timely closure of inactive sites collecting sufficient financial security and minimizing risk of inappropriate licence transfers suspension, abandonment, remediation and reclamation regulatory processes Three main problems with the current liability management system are: lack of pr...
Budget, Energy, Environment, Government Finances, Health, Opinion/Research, Politics

Solutions-based policy development and Some Modest Recommendations

There are major issues confronting Alberta- a massive understatement if there ever was!   As a student, practitioner, and teacher of public policy for over 40 years, the following ideas are in a germination phase and readers are encouraged to comment and add their suggestions on the central germ of this idea. A solutions-based approach to government policy-making offers a means of identifying a small number of “problems” which require immediate attention and on which there is a consensus on the need for action. This approach starts with Problem identification. The government’s prerogative, but our current government arguably sees things much differently than a majority of Albertans- (e.g. the visceral hate of the federal government as represented by Mr. Trudeau.) In this blogpost, I set o...
Employment, Energy, Environment, Opinion/Research, Politics

Sustainable Jobs- An Interim Plan plus Pathways pitch

“The budget and the economy bill are replete with folly and injustice. It is a tragedy that the moral energies and enthusiasm of many truly self-sacrificing and well wishing people should be so misdirected.” John Maynard Keynes, Essays in Persuasion, “The Economy Bill, “19 September 1931 at page 145. On 17 February Natural Resources Canada’s minister Jonathan Wilkinson led the release of  an “interim” Sustainable Jobs Plan  (ISJP), The news release begins: Canada has what it takes to be a clean energy and technology supplier of choice in a net-zero world….to secure and create jobs, to grow our industries, and to lead the world with the resources and technologies it will need for generations to come. A chicken in every pot is proposed- “highly skilled and dedicated workers, abundant nat...
Breaking News- Premier Smith’s delivers ultimatum to Trudeau
Energy, Environment, Opinion/Research, Politics

Breaking News- Premier Smith’s delivers ultimatum to Trudeau

Letter from Premier Smith to Prime Minister Trudeau February 16, 2023 Media inquiries Premier Danielle Smith invites Ottawa to collaborate with Alberta on carbon capture, utilization and storage investment and halt introduction of Just Transition legislation and oil and gas emissions cap. Dear Prime Minister: I am writing in follow up to our meeting of February 7th, during which we discussed the need for the Government of Canada to halt introduction of the proposed Just Transition legislation and implementation of unachievable targets and measures under the federal Emissions Reduction Plan (ERP) such as the Clean Electricity Regulations (CER) and oil and gas sector emissions cap. As a much more productive alternative, I invited your government to agree to commencing a collaborative ef...
Budgetary advice from UofC and the Fraser Institute – cross-examined
Budget, Energy, Environment, Opinion/Research, Politics

Budgetary advice from UofC and the Fraser Institute – cross-examined

“Don’t Spend Away the Windfall: Better Options for Alberta’s Unexpected Revenues,” written by Jack M. Mintz, Trevor Tombe, Joel Emes, and Tegan Hill is timely asit arrives a few weeks before the provincial budget (28 February).  This contribution, combining the right leaning Fraser Institute and two well-known University of Calgary economists offers three approaches for considering the windfall by Alberta’s finance minister Travis Toews. The paper’s moralistic title suggests politicians are not to be trusted with windfalls At this moment, we are also awaiting the report of Todd Hirsch who was engaged by the Alberta NDP to study “how an NDP government can stabilize the province’s finances and build a more resilient economy.” His mandate has been interpreted as what to do with the windfall b...
ATB, Financial Institutions, Opinion/Research, Politics

Open Reply to Free Alberta Strategy letter of 2 February to donors on article in The Conversation

On 30 January The Conversation ran an article of mine entitled What the Free Alberta Strategy gets wrong about Canada’s banking system that was reprinted in Abpolecon.ca. On Thursday at 8:01 a.m. I received the following email from the Free Alberta Strategy (FAS). Robert,  The Free Alberta Strategy is back in the news again! This time though, it’s thanks to an attack piece, which we thought we'd take some time to respond to. In a new article published in the federal-government-funded “The Conversation” publication, Robert L. Ascah, a researcher at the also-federal-government-funded Parkland Institute, attempts to lay the hatchet to the Free Alberta Strategy. In his piece, entitled “What the Free Alberta Strategy gets wrong about Canada’s banking system,” Mr. Ascah argues that the Alberta ...
ATB, Banks, Financial Institutions, Fiscal History, Opinion/Research, Politics, Uncategorized

What the Free Alberta Strategy gets wrong about Canada’s banking system

  Reproduced with permission from The Conversation.     January 30, 2023 2.05pm EST Author Robert L. Ascah Robert L. Ascah is a Friend of The Conversation. Research Fellow, The Parkland Institute, University of Alberta Disclosure statement Robert (Bob) L. Ascah is affiliated with Alberta NDP. Partners University of Alberta provides funding as a founding partner of The Conversation CA. University of Alberta provides funding as a member of The Conversation CA-FR. View all partners We believe in the free flow of information Republish our articles for free, online or in print, under Creative Commons licence. Email Twitter Facebook LinkedIn Print What is the Free Alberta Strategy, the co-creation of two lawyers and a Calgary political scientist? And ...
Energy, Environment, Intergovernmental, Politics

Smith to Trudeau- Olive branch or iron fist in a velvet glove?

Last Thursday, Premier Danielle Smith wrote Prime Minister Trudeau about the “just transition” legislation that the Liberal government will introduce this year. At first blush this letter was seen as an “olive branch”.  In Smith’s words:- We can continue with the endless court challenges, legislation to protect jurisdictional rights and inflammatory media coverage over our disagreements, or, as is my strong preference, Alberta and Ottawa can work in partnership on a plan that will signal to all Canadians and investors from around the world that our governments have cooperatively designed a series of incentives and initiatives intended to achieve the following objectives The attempt to dial down the rhetoric may be her government’s response to internal party polling that indicates fights ...
Bankruptcies, Banks, Employment, Energy, Environment, Politics, Uncategorized

Smith as CEO Alberta Enterprise Group to Savage: 29 July 2021- “RStar”

Below is the full text of the letter from then AEG President Danielle Smith to then Energy Minister Sonya Savage concerning a proposed royalty credit for legally required environmental remediation. Analysis of letter is below. ALBERTA ENTERPRISE GROUP 11626-119 Street  Edmonton, AB T5G 2X7   July 29, 2021 Minister Sonya Savage Minister of Energy 394 Legislature Building 10800-97 Avenue Edmonton, AB T5K 2B6   Dear Minister Savage: It was a pleasure meeting with you to discuss a pilot project this fall, to test out the RStar program as a new approach to address the issue of decommissioning and closing inactive wells. I would like to summarize our conversation as you are working with your department officials to understand why this pilot project is so important to our membe...
Environment, Politics

Issues to follow in 2023- Analysis and Opinion- Part 1

Report by Todd Hirsch for NDP on windfall.  In October former ATB Financial Todd Hirsch was given a mandate by NDP leader Rachel Notley to study what to do with windfall revenues received by the province’s treasury. Hirsch was a consummate pick of Notley.   (Full disclosure- I hired Todd as ATB's first economist through a lengthy process which I won't bore you with.) Hirsch was ATB’s chief economist for 15 years and knows the province’s economy inside and out. Hirsch’s persona, excellent speaking raves and travelling to ever part of the province speaking and learning about Alberta’s economy will build enormous economic credibility which the NDP hopes to “capitalize” on.  There are only so many financial alternatives to parceling out a budget surplus: 1) pay down debt, 2) spend the money, o...