. Military 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 Space Media 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.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork 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
US general says missile system in S. Korea in 8-10 months

Yemen rebel missile shot down near Mecca: coalition

US to deploy missile defense to South Korea 'soon'

China, Russia blast US missile defence at regional forum

OIL AND GAS
USS Carl Vinson test-fires Rolling Airframe Missile, Phalanx

Is China's new short-range missile system designed to compete with Iskander

Raytheon receives Rolling Airframe Missile contract modification

BAE receives max $600 million U.S. Navy contract for laser-guided rockets

OIL AND GAS
A remote-controlled drone helps in designing future wireless networks

U.S. Navy's first drone squadron stands up

Iraqi forces battle car bombs with commercial drones

China to export CH-5 drone

OIL AND GAS
Airbus DS awarded contract for Maritime Network Evolution with the UK MoD

SES enhances connectivity for governments and institutions

US Navy Satellite Begins Pre-Operational Testing After Rocky Ride Into Orbit

MUOS-5 Secure Communications Satellite Reaches Orbit, Begins Pre-Operational Testing

OIL AND GAS
DARPA extends EW contract work by BAE Systems

Lasers, hybrid power for Army's next-gen combat vehicle, experts say

Ceradyne producing next-gen helmets, body armor

First U.S. Stryker with 30mm cannon debuts

OIL AND GAS
After State Dept. blocks the sale, Rodrigo Duterte cancels order for 26,000 U.S. M16s

UK ex-minister says MoD misled him over Saudi arms deal

Turkish foreign minister hits back at 'weak' Iraq PM

Pentagon suspends clawback of decade-old enlistment bonuses

OIL AND GAS
Trump victory provokes global shock and angst

Moscow accuses Dutch sub of monitoring Med fleet

Uncertainty across Middle East after Trump victory

Tug of war over China's founding father Sun Yat-sen

OIL AND GAS
Light drives single-molecule nanoroadsters

Nanostructures made of pure gold

Shedding light on the formation of nanodroplets in aqueous

'Pressure-welding' nanotubes creates ultrastrong material









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. 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. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. 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.