Asian Tribune Your Multilingual Newspaper covering World and local news News
As questions loom about how Canada’s oilpatch will spend its record profits, Alberta’s rural municipalities are once again calling for what they’re owed in outstanding property taxes. Jason Schneider, a director with the Rural Municipalities of Alberta (RMA), says the oil boom is good news, and the majority of companies are paying their …
Read More »After UN chief calls out ‘scandalous’ profits, Ottawa offers no plan to hike taxes on oil and gas industry
Canada’s Ministry of Finance says it’s aiming to make everyone pay “their fair share of tax” but is not committing to an elevated tax on energy companies who are reporting sizeable windfalls while consumers feel pinched at the gas pumps. The ministry’s statement comes on the heels of United Nations Secretary General Antonio Guterres …
Read More »Government insists it will meet its 2030 emissions target despite extension for oil and gas sector
The federal government says Canada will still achieve its 2030 greenhouse gas emissions reduction commitments despite Environment Minister Steven Guilbeault offering the oil and gas sector a little more time to hit its targets. “The target date hasn’t changed. Really, the minister was just trying to show flexibility and good will,” said Bruce Cheadle, a …
Read More »Oil prices are rising, but Canada is getting comparatively less for every barrel — here’s why
Oil prices around the world have risen to their highest levels in years, but Canadian oilsands producers are seeing comparatively less for every barrel because of imbalances in supply and demand. The benchmark North American oil price, a crude blend known as West Texas Intermediate or WTI, was changing hands …
Read More »Why high oil prices aren’t creating an economic boom in Canada
The sky high price of gasoline is pushing many Canadians to their financial limits. Usually when this happens, the pain at the pumps is offset by a burst in growth for the Canadian economy. High oil prices used to mean a surge in investments and hiring. Not this time. “Typically …
Read More »Jason Kenney makes a timely pitch for Alberta oil to U.S. senators. But will it work?
With skyrocketing gas prices, Washington scrambling for more oil and the U.S. midterm elections around the corner, Alberta Premier Jason Kenney’s appearance before a U.S. Senate committee to pitch his province’s oil couldn’t come at a better time. The premier, who has championed his province as a trustworthy source of energy to the U.S., …
Read More »