. 24/7 Space News .
OIL AND GAS
Alberta's economy turning corner
by Daniel J. Graeber
Edmonton, Alberta (UPI) Nov 8, 2016


disclaimer: image is for illustration purposes only

Alberta's economy is turning the corner after low crude oil prices and May wildfires created headwinds, provincial leaders said while touting a jobs plan.

"Too many families are struggling with job losses and uncertainty, so we took decisive action with a plan that's creating jobs now," Deron Bilous, the minister for economic development and trade, said in a statement.

The provincial government started the year with efforts to diversify an economic that relies heavily on oil for revenue. A jobs plan that includes more than $30 billion in capital spending emphasizes market diversity and small business tax breaks to boost regional prospects.

Alberta's economy was hit hard in May when wildfires sidelined about 1 million barrels of oil production per day. More than 27,000 jobs were lost in the province between May 1 and July 31, but by the provincial government's estimates, around 25,000 jobs were added between Aug. 1 and Oct. 31.

"We're getting back on our feet," Bilous said.

Provincial leaders this year appointed a five-member task force to help steer research, development and deployment of technology that could be used to advance a low-carbon economy in Alberta.

The province lies at the heart of the Canadian oil sector and lower crude oil prices have resulted in a 3.7 percent contraction for the provincial economy. The government in September unveiled a $23 million package to help pay for long-term, locally developed projects meant to create jobs and diversify the provincial economy.

So far, the government expects investments not tied to the oil and gas sector to reach $28 billion, which would be a record if estimates are accurate.

Total oil production for July, the last full month for which data are available, was 91 million barrels, about 5 percent less than last year.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
British oil and gas sector pleads for help
London (UPI) Nov 7, 2016
The British government needs to step in to help ease the pressure on investments in the North Sea brought on by lower oil prices, a trade body said. Lower crude oil prices, relatively unchanged from one year ago, but more than 40 percent below the level from two years ago, have forced some oil and gas companies to cut back on exploration and production activity. Deirdre Michie, t ... read more


OIL AND GAS
Progress, but uphill slog for women in tech

NavCube could support an X-ray communication test in space

NASA, Navy practice Orion module recovery

Weightless tourism just 4 years away

OIL AND GAS
JCSAT-15 arrives in Kourou for Dec Ariane 5 launch

Aerojet Rocketdyne completes CST launch abort engine hot fire tests

China launches first heavy-lift rocket

NASA Uses Tunnel Approach to Study How Heat Affects SLS Rocket

OIL AND GAS
Mars' ionosphere shaped by crustal magnetic fields

Iron-Loving Bacteria A Model For Mars Life

Opportunity makes small U-turn to reach summit of Spirit Mound

'Millions' needed to continue Europe's Mars mission: ESA chief

OIL AND GAS
Long March-5 reflects China's "greatest advancement" yet in rockets

New heavy-lift carrier rocket boosts China's space dream

Long March-7 being assembled, to transport Tianzhou-1

Kuaizhou-1 scheduled to launch in December

OIL AND GAS
AsiaSat wins patent for effective satellite broadband connectivity to aircraft

Sun-observing MinXSS CubeSat to yield insights into solar flare energetics

Optus achieves full certification of 4 teleports

ISRO's World record bid: Launching 83 satellites on single rocket

OIL AND GAS
We gather here today to join lasers and anti-lasers

Trace metal recombination centers kill LED efficiency

Studying structure to understand function within 'material families'

Study: Math scares everyone, even physicists

OIL AND GAS
What happens to a pathogenic fungus grown in space?

How Planets Like Jupiter Form

Giant Rings Around Exoplanet Turn in the Wrong Direction

Preferentially Earth-sized Planets with Lots of Water

OIL AND GAS
Mystery solved behind birth of Saturn's rings

Last Bits of 2015 Pluto Flyby Data Received on Earth

Uranus may have two undiscovered moons

Possible Clouds on Pluto, Next Target is Reddish







The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - SpaceDaily. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.