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Alberta News

More dividends chopped as energy firms address oil prices below US$30 per barrel

More dividends chopped as energy firms address oil prices below US$30 per barrel

CALGARY — More energy industry dividends are being slashed as investors turn their backs on companies whose payouts are now unaffordable with oil prices plunging to less than US$30 per barrel. Calgary-based TORC Oil & Gas Ltd.

Alberta to sell native grassland despite promises no Crown land would be sold

EDMONTON — The Alberta government is looking to auction off a small patch of native prairie to be plowed under despite recent promises that no Crown land would be put up for sale.
'Sit in jail and wait:' Legal experts worried about coronavirus court delays

'Sit in jail and wait:' Legal experts worried about coronavirus court delays

CALGARY — Some legal experts are warning that the COVID-19 pandemic will have lasting effects on the Canadian justice system.
TransAlta buying cogeneration plant in Michigan for US$27 million

TransAlta buying cogeneration plant in Michigan for US$27 million

CALGARY — TransAlta Corp. has acquired a cogeneration facility in Michigan from two private companies for approximately US$27 million. TransAlta chief executive Dawn Farrell says the deal marks the company's first U.S. cogeneration project.
NewsAlert: WestJet to suspend international and transborder flights for 30 days

NewsAlert: WestJet to suspend international and transborder flights for 30 days

CALGARY — WestJet says it is suspending all commercial international and transborder flights for a 30-day period to help control the spread of COVID-19, effective March 23.

Alberta cities ramping up measures to fight spread of COVID-19

CALGARY — Two Alberta cities have called local states of emergency to help fight the spread of COVID-19.
Alberta's chief medical health officer in self-isolation, gets coronavirus test

Alberta's chief medical health officer in self-isolation, gets coronavirus test

EDMONTON — A doctor who has become the face of Alberta's medical response to the novel coronavirus outbreak is in self-isolation.
Calgary airport expects steep passenger, revenue drop from COVID-19

Calgary airport expects steep passenger, revenue drop from COVID-19

CALGARY — The Calgary Airport Authority expects to lose revenues equivalent to nearly one quarter of its annual budget as the COVID-19 pandemic spurs flight cancellations, reduced bookings and travel restrictions.
Spring breakup slowdown offers needed pause for hard-hit drilling industry

Spring breakup slowdown offers needed pause for hard-hit drilling industry

CALGARY — It's a "glass half-full" way of looking at a crisis but as plunging oil prices cast a shadow over oil and gas companies in Western Canada, the drilling industry is already slowing down because of the weather.
Former Aurora Cannabis CEO Terry Booth sells 12.2M shares in company

Former Aurora Cannabis CEO Terry Booth sells 12.2M shares in company

EDMONTON — Aurora Cannabis Inc. says founder and former chief executive Terry Booth has sold nearly 12.2 million shares in the company into the open market.