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WITTEVRONGEL: Changes to royalties could super-charge upgrading in Alberta

“Updating the royalty system to one based on market pricing for bitumen also invites capital investment and the accompanying development of other oil sands products such as carbon fibre.”

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With news of the official termination of the Keystone XL project, the Alberta government is out approximately $1.3 billion. What’s more, the province is left with unrefined bitumen that it doesn’t have the capacity to upgrade to higher-value products like gasoline and diesel. Why, then, does the province not look to develop its own capacity to refine bitumen and upgrade its oil

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4 Comments

4 Comments

  1. Cytotoxic

    July 5, 2021 at 7:39 pm

    “for Albertans first”

    Please keep your hands off of my stuff and leave me out of your nationalist-collectivist fantasies.

  2. Baron Not Baron

    July 4, 2021 at 11:03 pm

    Sure thing carbon fiber is a great thing to start developing in Alberta; sure there’s a vital need for the oil to really come out and be totally refined and made into ready for use products in Alberta, for Albertans first, and the surplus sold outside Alberta.

    Actions of this sort need a cut-off of any strings from Ottawa, and do our own thing. For that, Wildrose Independence Party is the answer to these problems.

    Remember and adopt an important fact: every single problem is a new opportunity! You have to look at these so called “problems”, as being new opportunities. These issues are great opportunities for Albertans! We should be thankful for them that finally Alberta can manufacture something on which it could say.. MADE IN ALBERTA (which you are part of!).

  3. Steven

    June 28, 2021 at 9:45 am

    Albertans have to turn away from the anti oil/gas noise outside of the province and do our own thing. We need a Premier who will fight for Albertans and our oil/gas industry. My hope is in the Wildrose Independence Party of Alberta (WIPA). Say good bye to the UCP & Jason Kenney.

  4. Economic Refugee

    June 27, 2021 at 10:02 pm

    These arguments sound very familiar. I can understand why a Montreal-based analyst might not realize this issue has been discussed many times in Alberta.

    It always comes back to the problem of getting Product to Consumer. Does anyone think that the ‘leave it in the ground’ crowd is going to support pipelines for refined petroleum products like diesel or jet fuel?

    Then there’s the petrochemical industry. Products that are absolutely vital to our way of life, but unless the economic variables work out, the same transportation hurdles oppose local refinement.

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Energy

VENKATACHALAM & KAPLAN: Oil and gas production is essential to BC’s economy

Here’s another slice of statistical bread to consider: In 2017 the BC oil and gas industry purchased $5.6 billion worth of goods and services from other sectors.

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Guest column by Ven Venkatachalam and Lennie Kaplan of the Canadian Energy Centre British Columbia has been producing oil and natural gas since 1952. In fact, as of 2018, BC produced 32% of Canada’s natural gas production and 2% of Canada’s conventional daily oil production. British Columbia collects royalties from oil and gas development, supporting the economic prosperity in the province.

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Energy

Petitions call for Suzuki sanctions, fundraising boycott

“There are going to be pipelines blown up if our leaders don’t pay attention to what’s going on,” vowed the 85-year-old activist.

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There are now dueling petitions circulating demanding action against eco-activist David Suzuki for saying if governments don't take drastic action on climate change, pipelines would be blown up. At an Extinction Rebellion event in Victoria, BC in November Suzuki crossed the line between peaceful activism and extremism, opponents say. “There are going to be pipelines blown up if o

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Energy

KAY: Green extremists ignore indigenous voices that don’t fall in line

Barbara Kay’s debut column with the Western Standard.

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In mid-November, a handful of Wet’suwet’en hereditary chiefs in BC spearheaded yet another attempt — thwarted by the RCMP — to scuttle Coastal GasLink’s $6.6 billion natural gas pipeline. The half-completed pipeline will run 670 km from Dawson Creek in northeast BC to Kitimat on the west coast, there to be processed in an $18-billion terminal financed by LNG Canada’s joint partnershi

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