Tuesday, December 24

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Bill 22 – Important changes to ATB, AIMCo and ACFA- Updated
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Bill 22 – Important changes to ATB, AIMCo and ACFA- Updated

Immediate outrage from Alberta's official opposition greeted the introduction of the Reform of Agencies, Boards, and Commissions and Government Enterprises Act on Monday, 18 November. While the opposition NDP focused on the political aspects of the firing of Lorne Gibson- his position was abolished by the Act- careful study shows the legislation will have significant implications beyond the political party sphere. The 172 page omnibus bill, introduced by Treasury Board President and Finance Minister Travis Toews, is part of the legislation necessary to give effect to some of the 24 October budget announcements. This analysis and opinion piece is devoted to three of the most important financial institutions owned by the Alberta Crown. Before commenting on the details in Bill 22, it is im...
Energy Wars in the 1970s- Hyndman’s files
Energy, Government Finances, Intergovernmental, Uncategorized

Energy Wars in the 1970s- Hyndman’s files

Two more excerpts from the files of the late Lou Hyndman come from the mid 1970s. The disputes being addressed by senior political leaders followed soon after the OPEC oil embargo. The conflict which emerged between Ottawa and the consuming provinces (e.g. Ontario) and Alberta involved a bitter fight over which order of government would collect the lion's share of the rapid increase in the world price of oil. The first excerpt is from a speech given by the then Treasurer, Gordon Miniely at a finance ministers' conference. The second extract is from a speech, presumably authored, by J.Peter Meekison, a special intergovernmental affairs advisor and then deputy minister of Alberta's Federal and Intergovernmental Affairs department dated in December 1974. The speech is significant as i...
Opinion/Research, Uncategorized

Budget 2019- Analysis and Opinion

Genesis, analysis, investment imperative, rating agencies Treasury Board President and Finance Minister Trevor Toews was provided considerable advice as he prepared his October 2019 budget. The precursors included the NDP's "path to balance"- a Recovery built to Last, the UCP platform, Alberta Strong & Free, the report of the Blue Ribbon Panel (MacKinnon Report) and the Shadow Budget produced by the C.D. Howe Institute. In this report, we look at how the Alberta budget compares with these other "suggestions" or "guideposts." Then we examine the "big gamble" that underlines the UCP budget- if they create the environment for investment, will it come? Finally, we ask how the rating agencies will evaluate the UCP's initial stewardship of Alberta's public finances. Genesis Unlike...
Populism and its Discontents-
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Populism and its Discontents-

2019 Parkland Institute Conference Between November 15 and 17, the annual Parkland Conference is taking place at the University of Alberta. The conference examines the currents of populism evident in Canada and abroad. Keynote speakers include Professor of Philosophy (University of Toronto) Mark Kingwell and Erika Shaker of the Canadian Centre for Policy Alternatives. For for more information on sessions and other speakers including registration choices go to Parkland Institute.
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Presentation to Edmonton IPACU- 17 April 2019

Below is a presentation given to the Institute of Public Administration of Canada's noon hour learning sessions. The presentation and speaking notes address, at a high level, basic elements of public finance administration and policy in Alberta.
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Election 2019: The Good, the Bad, and the Ugly

Over the past three weeks, the two main parties and two smaller parties have released their full policy platforms or position statements. The following is a high level look at some of the policy proposals by highlighting good, bad, and "ugly" proposals. Animosity between 2 major parties Premier Rachel Notley It goes without saying that much of the campaign has featured personality politics with Rachel Notley spending an inordinate amount of time questioning Jason Kenney's character. At the time of writing, this tactic has not appeared to have improved her party's chances of retaining office. One of the most evident features of this attack is that it has demonstrated significant weaknesses in her party's capacity to articulate visionary policies. The Good The Alberta...
Journey to Obsession -A Sales   Tax for Alberta (Part 2)
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Journey to Obsession -A Sales Tax for Alberta (Part 2)

The following is a draft of the preface for the unnamed as yet book title about a sales tax for Alberta- hopefully forthcoming in the summer of 2019. The following is a personal set of experiences related to the sales tax discussion that is not included in the forthcoming book. It’s the story of my interest, then obsession, about the rationale for Alberta adopting a sales tax.. NDP in office Then fast forward to the unexpected NDP victory on 5 May 2015.  Premier Notley’s government focused initially on steadying the listing fiscal ship by engaging David Dodge, the former Governor of the Bank of Canada.  Dodge provided a rationale for even higher infrastructure spending.  The government also deliberately sought to stabilize the public service by pledging to maintain ad...
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Welcome to AbPolEcon.ca

Dear Reader - welcome. AbPolEcon.ca is the successor website to Albertarecessionwatch.com. No more newspaper PDFs AbPolEcon.ca has carried forward most  of the content from Albertarecessionwatch.com  but does not contain scanned PDF documents from Globe and Mail and Edmonton Journal articles. For readers who would like to see news articles related to blog postings, there are over 1800 news articles that are indexed into the classification system of this website. Please contact us for assistance. Improved cross-referencing of posts The migration of Albertarecessionwatch.com to AbPolEcon.ca  includes improved cross-referecning of related articles.  What's Coming As Alberta moves closer to election day, posts will focus on the most pressing issues faced by the province.  ...
Environmental Liabilities- Regulators and Players
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Environmental Liabilities- Regulators and Players

The above image on the from carbonclick.com  Abpolecon.ca apologizes for this omission.   Originally posted 2 April 2018 Highlights: Alberta Energy Regulator and Licensee Liability Rating system Roles played Orphan Well Association and Surface Rights Board Nomenclature What are asset retirement obligations? Albertarecessionwatch.com has been examining the scope of reclamation costs faced by the Alberta oil, gas and oil sands industries, and, ultimately, the Alberta government and taxpayers.  The Redwater Resources case,  Redwater  heard by the Supreme Court on 15 February is, arguably, the first salvo in what will be a long drawn out legal affair pitting environmental "interests" (NGOs, some governments, indigenous groups) against other governments, regulators,...
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What to watch for tomorrow….

Originally posted on 21 March 2018 Provincial Finance Minister Joe Ceci brings down his fourth budget. Many, many moving parts Don't expect a lot of new spending or new tax hikes A path to balance by 2023 has been signalled (more…)