Alberta

[foenix]

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[Ka-El]

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[rustled]

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[captkirkcanada]

ATB Financial is Alberta’s most important financial asset. Founded in 1938 under a Social Credit government during the Great Economic Depression ATB is North America’s most important public bank with over $47.673 billion in assets, 6 times larger than then the only other public bank in North America, the Bank of North Dakota and 3.6 times larger than Servus Credit Union in Alberta (with $14.2 billion in assets). What does it mean to have our own public bank?

ATB Financial does not pay any federal or provincial income tax. This is because ATB Financial is an asset of the Government of Alberta and is exempt from paying income taxes. No other bank in Canada such benefits. ATB Financial is required to pay a levy in lieu of not paying taxes. For the three months ended June 30, 2016 ATB Financial paid the Government of Alberta (Minister of Finance) a mere $7,466 for payment in lieu of taxes.

Alberta currently contributes over 27% of Canada’s Greenhouse Gas emissions imposing an unfunded carbon liability on the planet. This liability does not appear on Alberta’s books or on the books of petroleum companies. The reason it goes unaccounted on the public accounts of Alberta is because governments operate without a balance sheet of the total wealth or assets of a province, municipality or nation. This is a bizarre blind spot in public accounting.

Today Alberta is running an enormous financial deficit in excess of $10 billion. From what you’ve learned about ATB Financial now you can see that running a deficit by government is completely unnecessary given that it actually has the power to create its own credit through the same powers of fractional reserve lending as other banks. Alberta also has another crown jewel called AIMCo for Alberta investment management Corporation. this financial institution has over $90 billion under management the legacy of the Alberta heritage fund was which was established with oil and gas royalties beginning in the 1970s under Peter Lougheed. The potential capacity of this incredible financial institution combined with AIMCo means of Alberta has well over $133 billion in financial assets and investment equity that is the envy of all of Canada. In fact the combined assets of these two Alberta financial institutions is almost half the size of the entire Canadian pension plan which is estimated at roughly $278 billion.

If Alberta had a proper balance sheet it would show an unfunded liability associated with Alberta’s carbon emissions of 274 megatonnes of CO2 emissions (2014) at value of at least $13.7 billion. That is based on pricing carbon at $50/tCO2, which is a conservative figure compared to what countries like Sweden and Norway are currently pricing carbon, where carbon pricing ranges from $93/tCO2 to $220/tCO2, respectively. Alberta’s emissions represented 37.4% of Canada’s total emissions of 733 megatonnes in 2014.

https://anielski.com/atb-financial-albe ... g-economy/


how alberta can dig itself out of its tar sand hole it is now in

[The Green Barbarian]

If Alberta had a proper balance sheet it would show an unfunded liability associated with Alberta’s carbon emissions of 274 megatonnes of CO2 emissions (2014) at value of at least $13.7 billion. That is based on pricing carbon at $50/tCO2, which is a conservative figure compared to what countries like Sweden and Norway are currently pricing carbon, where carbon pricing ranges from $93/tCO2 to $220/tCO2, respectively. Alberta’s emissions represented 37.4% of Canada’s total emissions of 733 megatonnes in 2014.

This entire paragraph is abject nonsense. Now the evil sky genie adherents want to create liabilities on balance sheets to honor their false deity. What a load of total and utter garbage. For shame that these foolish imbeciles think they can lecture others on liabilities, especially non-existent liabilities like this one, completely invented in the fevered imaginations of low-functioning fools.

how alberta can dig itself out of its tar sand hole it is now in

No one knows what a "tar sand hole" is - this comment is just silly. Alberta is doing great right now, and thank goodness for that!

[Pappywinkle]

The UCP under corrupt Kenney are doign such a terrible job that doctors and teachers are considering leaving the UCP dumpster fire. The UCP has been absolutely disastrous for Albertan families.

Alberta doctors, teachers express interest in leaving the province

New numbers show Alberta could be facing a new kind of brain drain, with doctors and teachers saying they want to work outside of the province.

The Alberta Teachers’ Association has been conducting what it calls “pulse surveys” throughout the pandemic.

The latest edition saw nearly a third of about 1,300 members saying they expect they will not be teaching in Alberta come the next school year.

Nearly one in six, or 16.4 per cent, of respondents said they will have retired by next year. One in seven — 14.3 per cent — planned to leave teaching to join another profession. Nearly seven per cent of respondents said they would be leaving Alberta to teach in another location.

“When you talk to teachers as to why, (they say it is) the lack of response that is clear from the government around COVID,” said ATA president Jason Schilling.

He said teachers reported being frustrated they still had not received rapid test kits or medical masks.

https://globalnews.ca/news/8541449/albe ... ain-drain/

[Ka-El]

The UCP has been absolutely disastrous for Albertan families.

Most Albertans can hardly wait for the next election.

Alberta NDP continues to lead UCP in voter support

The Alberta NDP led by Rachel Notley continues to lead the ruling UCP led by Premier Jason Kenney in popularity among voters, according to polling data released Thursday by Angus Reid.

The poll suggests roughly two-in-five Albertans, or 42 per cent, would vote for the NDP compared to roughly three-in-10, or 31 per cent for the UCP.

The Wildrose Independence Party has 16 per cent support, followed by the Alberta Party at eight per cent and the Liberals at one per cent.

The NDP have led the UCP in terms of voter intention since March 2021, according to the Angus Reid poll done every three months, and the gap has remained somewhat steady since June 2021.

More ...

https://calgary.ctvnews.ca/alberta-ndp- ... -1.5748115

[The Green Barbarian]

Most Albertans can hardly wait for the next election.

Yup - to re-elect the UCP.

[Pappywinkle]

The UCP has been absolutely disastrous for Albertan families.

Most Albertans can hardly wait for the next election.

Alberta NDP continues to lead UCP in voter support

The Alberta NDP led by Rachel Notley continues to lead the ruling UCP led by Premier Jason Kenney in popularity among voters, according to polling data released Thursday by Angus Reid.

The poll suggests roughly two-in-five Albertans, or 42 per cent, would vote for the NDP compared to roughly three-in-10, or 31 per cent for the UCP.

The Wildrose Independence Party has 16 per cent support, followed by the Alberta Party at eight per cent and the Liberals at one per cent.

The NDP have led the UCP in terms of voter intention since March 2021, according to the Angus Reid poll done every three months, and the gap has remained somewhat steady since June 2021.

More ...

https://calgary.ctvnews.ca/alberta-ndp- ... -1.5748115

And rightly so!!

[captkirkcanada]

solar to cool ice, i like it


https://edmonton.ctvnews.ca/town-south- ... -1.5754011

A newly completed solar installation in Calmar, Alta., is ready to power the local arena.

Almost 11,000 square-feet of solar panels are now on the roof of the Mike Karbonik Arena in the town of 2,000 southwest of Edmonton. The 464 panels are expected to generate 165 megawatt-hours per year, about 98 per cent of the arena’s energy consumption, town officials say.

"Overall, we're anticipating at current electricity rates we'll be seeing a savings of about $5,000 a year. And we only expect that to go up as power goes up in price," councillor and deputy mayor Krista Gardner told CTV news Edmonton.

Calmar is in a partnership to provide recreational services to Leduc County residents as well. As such, the arena is one of the town's largest energy expenditures. Council expects to save $30,000 a year for the panels' lifespan of 25 years.

"The arena is a really important place in our community, and so to be able to make it more cost effective to run and more environmentally conscious is really just a win-win for us here," Gardner said.

[captkirkcanada]

Alberta’s annual solar showcase will return next month with its biggest audience yet.

The 2022 Solar Alberta Solar Show opens Feb. 7. The online conference features five days of free and paid talks on renewable power and net-zero homes.

About a thousand people had registered for the event as of Jan. 18, said Heather MacKenzie of Solar Alberta.

“We’re not starting for another three weeks almost, and we already have more registrations than any other year,” she said.

“It’s probably going to be our biggest show yet.”

https://www.stalberttoday.ca/local-news ... ns-4982347

let the sun shine

[captkirkcanada]

2 charts explain how covid is attacking babies in alberta and how many .

covbb1.png

covbb2.png

remember these are babies

[captkirkcanada]

The sign in front of the First Baptist Church Calgary on Fourth Street S.W. reads ‘Everyone Welcome,’ but a recent memo sent out to church members outlines future plans to deny membership for those identifying with the LGBTQ2S+ community.

According to the letter sent by Pastor Norm Derkson, the church is thankful for its long-time partnership with the Canadian Baptists of Western Canada (CBWC), but disagrees with other churches that are accepting of those with non-heterosexual lifestyles because it goes against their interpretation of scripture beliefs.

The CBWC has voted on a solid position with this matter, affirming and reaffirming a biblical view of marriage and sexuality, and yet these churches have been allowed to continue with practices that are contrary to our collectively stated convictions," the letter reads.

He says the goal is "to provide a procedure for addressing churches 'acting in ways contrary to our assembly ratified positions; one that both provides for hopeful restoration, as well as necessary removal from fellowship in cases where there is no repentance'."

A member of the First Baptist Church Calgary who does not wish to be identified confirmed to CTV News that the church board and members of its congregation voted in favour of recommending the motion at a meeting on Jan. 30.

https://calgary.ctvnews.ca/calgary-bapt ... -1.5767010


my take is at least they are being honest and open about being bigots. thats progress isnt it?

[captkirkcanada]

Five environmental groups file statement of claim in defamation suit against Alberta premier

Over a two-year period, the ENGOs said in a news release, “groups and individuals were named publicly and targeted on social media, causing some individuals to receive death threats.”

After giving Jason Kenney more than two months to apologize for or retract his claims they spread false information about Alberta’s fossil fuel industry, five environmental groups followed through this week on their threat to sue Alberta’s premier and the provincial government for defamation.

“Our goals are to seek an apology and retraction of the untrue statements made by the Alberta government and Mr. Kenney about our organizations, which undermine our ability to educate Canadians about the risks and solutions to the climate crisis,” Environmental Defence Canada executive director Tim Gray said today.

“All we asked for was a correction and an apology, but Premier Kenney refuses to retract the false statements he made and apologize for lying about the results of the Alberta Inquiry,” Gray said.

The plaintiffs are the Dogwood Initiative, Environmental Defence Canada, Greenpeace Canada, Raincoast Conservation Foundation, Sierra Club Canada Foundation, Sierra Club of British Columbia Foundation, West Coast Environmental Law and Research Foundation, and the Western Canada Wilderness Committee.

should make life interesting for jason

[fluffy]

Extractive Populism and the Future of Canada

"It is worth reminding ourselves how bitterly the fossil fuel industry and Alberta resisted the National Energy Program in the 1980s, a very mild form of nationalization that was promoted at the time as delivering “Canadian oil for Canadians.” While the oil and gas sectors fiercely opposed this “real” nationalization as a threat to corporate profit and private sector–led development, they gradually realized that symbolic forms of nationalization were extremely useful in legitimating the tar sands for publics outside of Alberta.

Consequently, over the last two decades Canadians have been subject to a flood of advertising and public relations, think-tank reports, speeches from politicians and corporate executives, sympathetic news coverage and, most recently, social media campaigns that consistently portray the oil and gas sector as if it had been nationalized, was a public enterprise designed
to serve the common good, and that its primary purpose was the provision of jobs and tax revenue and energy security for all Canadians."

https://www.policyalternatives.ca/sites ... %20WEB.pdf

(Scroll down to page 13 for the article quoted)

Don't for a second think that with the amount of money at stake in Alberta's oil & gas industry that there aren't measures being taken to manipulate public opinion, to paint the industry as a champion of the working man. Kenney's amateurish attempts to aid in these efforts are notthing compared to the sophistication of the real program.