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Energy In Alberta
The economy of Alberta is the sum of all economic activity in Alberta, Canada's fourth largest province by population. Alberta's GDP in 2018 was CDN$338.2 billion. Although Alberta has a presence in many industries such as agriculture, forestry, education, tourism, finance, and manufacturing, the politics and culture of the province have been closely tied to the production of fossil energy since the 1940s. Alberta—with an estimated 1.4 billion cubic metres of unconventional oil resource in the bituminous oil sands—leads Canada as an oil producer. In 2018, Alberta's energy sector contributed over $71.5 billion to Canada's nominal gross domestic product. According to Statistics Canada, in May 2018, the oil and gas extraction industry reached its highest proportion of Canada's national GDP since 1985, exceeding 7% and "surpass ngbanking and insurance" with extraction of non-conventional oil from the oilsands reaching an "impressive", all-time high in May 2018. With conventi ...
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Pembina Oil Field
The Pembina oil field is one of the largest and most prolific conventional oil fields in the province of Alberta, Canada. The mature field is centered on Drayton Valley and is named for the Pembina River, which crosses the region from southwest to northeast. It taps reservoirs in the Cretaceous formations of the Western Canada Sedimentary Basin for oil and gas production. The main hydrocarbon-bearing unit is the Cardium Formation. Production also comes from the Viking Formation and sandstone beds of the Fernie Formation such as the Rock Creek Member. History The first oil was discovered by Mobil Oil in February 1953, and it started a boom that saw the investment of $900 million in the area. Gallery Image:Alberta oil field.JPG, Aerial view of oil well locations in Pembina oil field Image:draytonvalley.jpg, Pumpjack near Drayton Valley Drayton Valley is a town in central Alberta, Canada. It is located on Highway 22 (Cowboy Trail), approximately southwest of Edmonton. It is ...
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2020 Russia–Saudi Arabia Oil Price War
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, facilitating a 65% quarterly fall in the price of oil. In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%. The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. Russia walked out of the agreement, leading to the fall of the OPEC+ alliance. Oil prices had already fallen 30% since the start of the year due to a drop in demand. The price war is one of the major causes and effects of the ensuing global stock-market crash. In early April 2020 and again in June 2020, Saudi Arabia and Russia agreed to oil production cuts. The price of oil became negative on 20 April. Oil production can be slowed, but not stopped completely, and even the lowest possible production level resulted in greater supply than dema ...
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Conference Board Of Canada
The Conference Board of Canada is a Canadian not-for-profit think tank dedicated to researching and analyzing economic trends, as well as organizational performance and public policy issues. Describing itself as "objective" and "non-partisan", the Conference Board of Canada claims not to lobby for special interests. It is funded through fees charged for services delivered to the private and public sectors alike. The organization conducts, publishes and disseminates research on various topics of interest to its members. It publishes research reports, conducts meetings, holds conferences and provides on-line information services, which aim to develop individual leadership skills and organizational capacity. The Conference Board of Canada was established in 1954 as a division of the American National Industrial Conference Board, now simply known as The Conference Board. The Conference Board of Canada acquired a separate legal identity in 1981, and currently has over 200 employees, ...
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Emission Intensity
An emission intensity (also carbon intensity or C.I.) is the emission rate of a given pollutant relative to the intensity of a specific activity, or an industrial production process; for example grams of carbon dioxide released per megajoule of energy produced, or the ratio of greenhouse gas emissions produced to gross domestic product (GDP). Emission intensities are used to derive estimates of air pollutant or greenhouse gas emissions based on the amount of fuel combusted, the number of animals in animal husbandry, on industrial production levels, distances traveled or similar activity data. Emission intensities may also be used to compare the environmental impact of different fuels or activities. In some case the related terms emission factor and carbon intensity are used interchangeably. The jargon used can be different, for different fields/industrial sectors; normally the term "carbon" excludes other pollutants, such as particulate emissions. One commonly used figure is c ...
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Moody's Investors Service
Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the Fortune 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in structured finance. In Moody's Investors Service' ...
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University Of Calgary
The University of Calgary (U of C or UCalgary) is a public research university located in Calgary, Alberta, Canada. The University of Calgary started in 1944 as the Calgary branch of the University of Alberta, founded in 1908, prior to being instituted into a separate, autonomous university in 1966. It is composed of 14 faculties and over 85 research institutes and centres. The main campus is located in the northwest quadrant of the city near the Bow River and a smaller south campus is located in the city centre. The main campus houses most of the research facilities and works with provincial and federal research and regulatory agencies, several of which are housed next to the campus such as the Geological Survey of Canada. The main campus covers approximately . A member of the U15, the University of Calgary is also one of Canada's top research universities (based on the number of Canada Research Chairs). The university has a sponsored research revenue of $380.4 million, wi ...
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China–United States Trade War (2018–present)
The China–United States trade war () is an ongoing economic conflict between the People's Republic of China and the United States of America. In January 2018, U.S. President Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft. The Trump administration stated that these practices may contribute to the U.S.–China trade deficit, and that the Chinese government requires transfer of American technology to China."Findings of the Investigation into China's Acts, Policies, and Practices Related to Technology Tran ...
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Financial Post
The ''Financial Post'' was an English Canadian business newspaper, which published from 1907 to 1998. In 1998, the publication was folded into the new ''National Post'',"Black says Post to merge with new paper". ''The Globe and Mail'', July 23, 1998. although the name ''Financial Post'' has been retained as the banner for that paper's business section and also lives on in the ''Post''s monthly business magazine, ''Financial Post Business''. The ''Financial Post'' started publication in 1907 by John Bayne Maclean."Publishing Inc. on the move". ''The Globe and Mail, April 9, 1983. It was a weekly publication, and one of the core assets of Maclean's media business, which eventually became Maclean-Hunter. The paper was purchased by Sun Media in 1987, and expanded into a daily tabloid on February 1, 1988, and added home delivery newspaper in 1990, with a reformatted ''Financial Post Magazine'' following shortly after. In 1998, Sun Media sold the ''Financial Post'' to Hollinger, whos ...
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Rachel Notley
Rachel Anne Notley (born April 17, 1964) is a Canadian politician who served as the 17th premier of Alberta from 2015 to 2019, and has been the leader of the Opposition since 2019. She sits as the member of the Legislative Assembly (MLA) for Edmonton-Strathcona, and is the leader of the Alberta New Democratic Party (NDP). The daughter of former Alberta NDP leader Grant Notley, she was a lawyer before entering politics; she focused on labour law, with a specialty in workers' compensation advocacy and workplace health and safety issues. Notley was first elected to the Legislative Assembly in the 2008 provincial election, succeeding former NDP leader Raj Pannu. Six years later on October 18, 2014, Notley won the Alberta New Democratic Party leadership election on the first ballot with 70% of the vote and went on to lead the party to a majority victory in the 2015 provincial election, ending 44 years of rule by the Progressive Conservative Association of Alberta. In the 2019 pr ...
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TD Economics
TD, Td, or td may refer to: Arts, entertainment, and media Games and toys *Tails Doll *Toon Disney *Tech Deck, a type of fingerboard *''Ten Desires'', the thirteenth official game in the ''Touhou'' series * ''Test Drive'' (1987 video game), a driving simulation game *''Total Distortion'', a 1995 computer/mac adventure game *Tournament director (chess) or Tournament controller, the organizer and arbiter of a tournament, responsible for enforcing the tournament rules and the laws of chess *Tournament director (poker), the individual charged with running a poker tournament * Tournament director, in duplicate bridge *Tower defense, a genre of video games in which players repel enemies by strategically placing defensive towers *''Tower Dream'', a Super Famicom video game *Toronto Defiant, an Overwatch League team Music *Tangerine Dream, a seminal German krautrock group *Team Dresch, an American punk rock band *Tenacious D, a comedy rock duo *Throwdown (band), American straight e ...
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COVID-19 Pandemic In Alberta
The COVID-19 pandemic in Alberta is part of an ongoing global pandemic of coronavirus disease 2019 (COVID-19), an infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The province of Alberta has the third-most cases of COVID-19 in Canada, behind only Ontario and Quebec. Jason Kenney, the Premier of Alberta, working closely with the Emergency Management Cabinet Committee, followed the recommendations of Alberta's Chief Medical Officer of Health, Dr. Deena Hinshaw, in response to the "rapidly evolving global threat". A state of public health emergency was declared on March 17. Alberta's public health laboratory greatly increased tests for COVID-19, reaching 1,000 a day by March 8, and 3,000 a day by March 26. Hinshaw said that by March 20, "World-wide, Alberta has been conducting among the highest number of tests per capita." As of March 18, 2022, 6,905,190 tests have been conducted in Alberta. On June 12, the entire province of Alberta mo ...
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