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Varcoe: As pipeline battles continue, new study underscores vital U.S.-Canada energy trade


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At times, you have to wonder if U.S. policymakers truly understand the importance of the energy relationship with their northern neighbours not just for Canada, but for both countries.
U.S. President Joe Biden cancelled the Keystone XL project on his first day in office, citing climate concerns. Michigan’s governor wants to halt Enbridge’s Line 5, even as the state relies on the products that move through the pipeline.
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Varcoe: As pipeline battles continue, new study underscores vital U.S.-Canada energy trade Back to video ....

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The Drilldown: Jobs could be lost in Canada's green transition: study


iPolitics
By iPolitics. Published on Apr 6, 2021 11:17am
Syncrude s Mildred Lake oilsands plant, located 100 km northwest of Fort McMurray, Alta. (Codie McLachlan/Star Edmonton)
The Lead  
New research from TD Economics finds that by 2050, up to 450,000 of Canada’s current 600,000 oil and gas jobs could be lost thanks to a “falling demand for fossil fuel.”
The report says governments “must develop worker transition plans now to prevent disastrous consequences,” or else losses could be similar to those experienced in the 1990s and early 2000s when manual jobs were slashed due to automation.
“There’s a role for governments to act to ensure that these workers aren’t forgotten and left behind,” said Francis Fong, a managing director and senior economist with TD and a co-author of the report. Although some workers will be able to find jobs in in clean energy, “we don’t exactly know what form the clean-energy transition is going ....

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Varcoe: After one terrible year, three hopeful signs for Alberta


The unemployment rate is falling. Oil prices and industry land sales are climbing.
And there’s a growing consensus stronger economic growth is on the way.
“Just having some light at the end of this brutal tunnel is very welcome,” University of Calgary economist Trevor Tombe said Friday.
One of the most promising indicators surfaced with a new employment report from Statistics Canada showing 16,800 jobs were created in the province in February.
As restaurants and bars were allowed to reopen for in-person service last month, 19,200 Albertans were able to return to work and collect a paycheque in the accommodation and food services industry. ....

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