‘It’s going to disrupt everything’: Blockades threaten to gum up Canadian economy: Cenovus CEO

CALGARY – Protests and blockades rolling across the country threaten to “gum up” the Canadian economy and could potentially derail recent improvements in Alberta’s oil industry, according to Alex Pourbaix, chief executive officer of Cenovus Energy Inc. The arrest and removal of protestors hindering work on a natural gas pipeline in British Columbia in the past week has sparked a wave of protests and blockades by Indigenous and environmental groups across the country, which have forced some ports to close and railway companies to stop running trains across busy corridors.…

Fight over how to measure carbon risks is pitting the energy industry against the finance world

CALGARY — A fight over how to measure an oil company’s environmental footprint and social performance has pit members of the energy industry against the financial services industry, with even the Bank of Canada weighing in with a call for more disclosure on carbon emissions. Climate change was one of the six largest vulnerabilities to the Canadian economy, the Bank of Canada said in a report published Thursday, noting that “better transparency” on carbon emissions and environmental disclosures from companies in the resources sector could help alleviate the risk of…

Rachel Notley, Jason Kenney channel glories of past premiers in battle for Alberta’s economic soul

CALGARY — Jason Kenney, running to be Alberta’s next premier, is lunching on a salad at the Blackfoot Diner, a popular truck stop eatery just outside Calgary’s downtown, but offering red-meat economic policy proposals to his base in historically conservative Alberta. While the province’s demographics and leanings are changing, and some of his United Conservative Party’s social policy proposals have met with staunch opposition and protests, his core economic promises of reducing corporate taxes, eliminating carbon taxes, and reducing regulatory timelines to encourage new investment are finding some currency as the…