Five years after Alberta raised a record-setting $3.5 billion at auctions of provincially owned oil and gas drilling rights, sales are on pace this year to set a historic low, part of a downward trend seen across Western Canada.
As oil prices plunged over the past two years, so too have the storied perks, including the much-envied "Golden Fridays" that some large oil and gas companies offered their office workers to ensure a healthy work-life balance.
Alberta Premier Rachel Notley says her visit to Washington, D.C., this week was aimed at flipping the script on Alberta’s oilsands, which many Americans associate with the maligned Keystone XL pipeline rejected by President Barack Obama last year.
An arm's-length agency created as a world-class monitor of the environmental impacts of Alberta's oilsands is instead a "failed experiment" that should be rolled back up into the government, a review has concluded.
The Petroleum Services Association of Canada has asked Ottawa for $500 million in infrastructure spending to clean up inactive oil and gas wells in Alberta, a move the group says would provide a much-needed boost for the ailing industry.