Connect with us

Anglais

Alberta regulator apologizes for spooking public with $260-billion cleanup cost estimate

Published

on

[ad_1]

The Alberta Energy Regulator is apologizing for a “staggering” presentation, made last February by one of its highest-ranking officials, that warned the province’s oilpatch that it could be sitting on an estimated $260 billion in financial liabilities.

The details of the presentation, made by the regulator’s vice-president of closure and liability Robert Wadsworth, riled up the Alberta and federal legislatures when made public in a report on Thursday by National Observer, Global News, the Toronto Star and StarMetro Calgary.

The estimated liabilities Wadsworth cited in his February presentation are $200 billion greater than the previous calculation made public by the regulator. The AER had previously said the cost was just over $58 billion.

The joint media report, based on speaking notes released through Freedom-of-Information legislation, revealed Wadsworth’s thoughts on the “flawed” nature of Alberta’s oversight. He warned the industry to prepare for tougher rules cracking down on a growing number of inactive sites.

Wadsworth has declined to give an interview about his remarks. The regulator said earlier this week in a statement that the estimates he released were based on a worst-case scenario involving a “complete and immediate” shutdown of the entire industry.

“We want to apologize for the concern and confusion that this information has caused,” the statement reads. “The numbers are staggering: $260 billion in total liability, which is $200 billion more than we have consistently reported. This particular estimate was created for a presentation to try and hammer home the message to industry that the current liability system needs improvement.

“While the message to address liability is important, the numbers were not validated and were based on a hypothetical worst-case scenario. Using these estimates was an error in judgment and one we deeply regret.”

That statement appears to be at odds with Wadsworth’s presentation, which stated multiple times that the $260-billion figure was likely to be a low estimate.

The $58-billion calculation, according to Wadsworth’s presentation notes, is based on self-reported numbers from industry. The $260-billion estimate, meanwhile, was “calculated internally” by AER’s own experts.

The AER said Thursday that its earlier, public figure of $58.65 billion was an “AER-verified” calculation of current liabilities.

When asked whether it disagreed with the presentation, the regulator would only say the higher estimate had “not been validated by the AER.”

Wadsworth also warned that provincial officials needed to act quickly to ensure taxpayers were not left on the hook for the liabilities, since companies had only submitted about $1.6 billion in security deposits to cover the cost.

The liability estimate factors in the costs of shutting down and cleaning up oil-and-gas sites at the end of their usefulness. That includes inactive wells, pipelines and tailings ponds in the oilsands.

Pressed by journalists to respond to the report, Alberta Premier Rachel Notley noted that the problem was significant.

She said the liabilities would be hard to address amid the “biggest oil price drops in generations,” adding that company practices have improved, but after decades of buildup, the existing problem is “not one that we can fix overnight.”

“The issue has always been one that is of concern to us,” Notley said. “It’s actually a matter that I raised with the provincial government well before we were in government — back when I was in opposition.”

United Conservative Party Leader Jason Kenney declined to comment on the investigation’s findings.

However, UCP MLA Jason Nixon said his party will likely have more to say about the issue ahead of Alberta’s upcoming provincial election, scheduled for spring 2019.

“Regulations were behind when our industry started, and there’s going to be some creative ways that governments in the future are going to have to look at tackling,” Nixon said. “I don’t have an answer for that today.”

The issue also came up during Question Period in the House of Commons on Thursday, as federal politicians sparred over the investigation’s findings.

Alexandre Boulerice, NDP MP for Rosemont—La Petite-Patrie, asked what it would take to get the Liberal government to take “real action” on climate change.

“That’s a hefty bill for pollution,” Boulerice said in French, referring to the estimated $260-billion price tag.

“When you have to take the Liberals to court to get them to take real steps on climate change, things must be pretty bad. Is that what the Liberals are waiting for? To be taken to court?”

The federal minister responsible for intergovernmental affairs disagreed.

“On the contrary,” responded Dominic LeBlanc. “We’ve shown that we would take climate change seriously. We have a plan that Canadians understand and that they know will make a real difference in the fight against climate change.”

In its new statement from Thursday, the regulator added that regardless of the estimates, it was still working directly with companies to introduce new requirements that improve oversight.

With files from Kieran Leavitt, StarMetro Edmonton

[ad_2]

Source link

قالب وردپرس

Anglais

Nostalgia and much more with Starburst XXXtreme

Published

on

By

Get a taste of adventure with Starburst XXXtreme based on the legendary NetEnt Game. The nostalgic themes are sure to capture fans of the classic version as they get treated to higher intensity, better visuals, and features. The most significant element of the game is its volatility. Patience will not be an essential virtue considering the insane gameplay, and there is a lot of win potential involved. It retains the original makeup of the previous game while adding a healthy dose of adrenaline. 

Starburst Visuals and Symbols

The game is definitely more conspicuous than before. The setting happens over a 5-reel, 3-row game grid with nine fixed win lines, which function if a succession from the left to the right reel is present. Only those players that that attain the highest win per bet line are paid. From a visual standpoint, the Starburst XXXtreme slots illustrates lightning effects behind the reels, which is not surprising as it is inherited from the original version. Available themes include Classic, Jewels, and Space. The game is also available in both desktop and mobile versions, which is advantageous for players considering the global pandemic. According to Techguide, American gamers are increasingly having more engaging gaming experiences to socialize to fill the gap of in-person interaction. Starburst XXXtreme allows them to fill the social void at a time when there is so much time to be had indoors. 

Starburst XXXTreme Features

Players get to alternate on three features which are Starburst Wilds, XXXtreme Spins, and Random Wilds. The first appears on reels 2,3, or 4. When these land, they expand to cover all positions while also calculating the wins. They are also locked for a respin. If a new one hits, it also becomes locked while awarding another respin. Starburst XXXtreme offers a choice between two scenarios for a higher stake. In one scenario with a ten times stake, the Starburst Wild is set on random on reels 2,3, or 4, and a multiplier starts the respin. The second scenario, which has a 95 times stake, starts with two guaranteed starburst wilds on reels 2,3, or 4. it also plays out using respin game sequence and features. The game also increases the potential with the Random Wilds feature to add Starburst Wilds to a vacant reel at the end of a spin. Every Starburst Wild gives a random multiplier with potential wins of x2, x3, x5, x10, x25, x50, x100, or even x150.

The new feature is sure to be a big hit with the gaming market as online gambling has shown significant growth during the lockdown. AdAge indicates the current casino customer base is an estimated one in five Americans, so Starburst XXXtreme’s additional features will achieve considerable popularity. 

What We Think About The Game

The gambling market has continued to diversify post-pandemic, so it is one of the most opportune times to release an online casino-based game. Thankfully Starburst XXXtreme features eye-catching visuals, including the jewels and space themes. These attract audience participation and make the gameplay inviting. The game also has a nostalgic edge. The previous NetEnt iteration featured similar visuals and gameplay, so the audience has some familiarity with it. The producers have revamped this version by tweaking the features to improve the volatility and engagement. 

That is characterized by the potential win cap of 200,000 times the bet. Starburst XXXtreme does not just give betting alternatives for players that want to go big. The increase of multipliers also provides a great experience. If the respins in the previous version were great, knowing that multipliers can go hundreds of times overtakes the game to a new level. 

Players should get excited about this offering. All of the features can be triggered within a single spin. Whether one plays the standard game or takes the XXXtreme spin route, it is possible to activate all of the features. Of course, the potential 200,000 times potential is a huge carrot. However, the bet size is probably going to be restricted and vary depending on the casino. It is also worth pointing out that a malfunction during the gameplay will void all of the payouts and progress. Overall, the game itself has been designed to provide a capped win of 200,000 times the original bet. 

Continue Reading

Anglais

‘We’re back’: Montreal festival promoters happy to return but looking to next year

Published

on

By

In downtown Montreal, it’s festival season.

In the city’s entertainment district, a musical act was conducting a sound check on stage Friday evening — the second day of the French-language version of the renowned Just For Laughs comedy festival. Tickets for many of the festival’s free outdoor shows — limited by COVID-19 regulations — were sold out.

Two blocks away, more than 100 people were watching an acoustic performance by the Isaac Neto Trio — part of the last weekend of the Festival International Nuits d’Afrique, a celebration of music from the African continent and the African diaspora.

With COVID-19 restrictions continuing to limit capacity, festival organizers say they’re glad to be back but looking forward to next year when they hope border restrictions and capacity limits won’t affect their plans.

Charles Décarie, Just For Laughs’ CEO and president, said this is a “transition year.”

“Even though we have major constraints from the public health group in Montreal, we’ve managed to design a festival that can navigate through those constraints,” Décarie said.

The French-language Juste pour rire festival began on July 15 and is followed by the English-language festival until July 31.

When planning began in February and March, Décarie said, organizers came up with a variety of scenarios for different crowd sizes, ranging from no spectators to 50 per cent of usual capacity.

“You’ve got to build scenarios,” he said. “You do have to plan a little bit more than usual because you have to have alternatives.”

Continue Reading

Anglais

MELS new major movie studio to be built in Montreal

Published

on

By

MONTREAL — MELS Studios will build a new film studio in Montreal, filling some of the gap in supply to meet the demand of Hollywood productions.

MELS president Martin Carrier said on Friday that MELS 4 studio construction will begin « as soon as possible », either in the fall or winter of next year. The studio could host productions as early as spring 2023.

The total investment for the project is $76 million, with the Quebec government contributing a $25 million loan. The project will create 110 jobs, according to the company.

The TVA Group subsidiary’s project will enable it to stand out « even more » internationally, according to Quebecor president and CEO Pierre Karl Péladeau. In the past, MELS Studios has hosted several major productions, including chapters of the X-Men franchise. The next Transformers movie is shooting this summer in Montreal.

Péladeau insisted that local cultural productions would also benefit from the new facility, adding that the studio ensures foreign revenues and to showcase talent and maintain an industry of Quebec producers.

STUDIO SHORTAGE

The film industry is cramped in Montreal.

According to a report published last May by the Bureau du cinéma et de la télévision du Québec (BCTQ), there is a shortage of nearly 400,000 square feet of studio space.

With the addition of MELS 4, which will be 160,000 square feet, the company is filling part of the gap.

Carrier admitted that he has had to turn down contracts because of the lack of space, representing missed opportunities of « tens of millions of dollars, not only for MELS, but also for the Quebec economy. »

« Montreal’s expertise is in high demand, » said Montreal Mayor Valérie Plante, who was present at the announcement.

She said she received great testimonials from « Netflix, Disney, HBO and company » during an economic mission to Los Angeles in 2019.

« What stands out is that they love Montreal because of its expertise, knowledge and beauty. We need more space, like MELS 4, » she said.

There is still not enough capacity in Quebec, acknowledged Minister of Finance, the Economy and Innovation Eric Girard.

« It is certain that the government is concerned about fairness and balance, so if other requests come in, we will study them with the same seriousness as we have studied this one, » he said.

Grandé Studios is the second-largest player in the industry. Last May, the company said it had expansion plans that should begin in 2022. Investissement Québec and Bell are minority shareholders in the company.

For its part, MELS will have 400,000 square feet of production space once MELS 4 is completed. The company employs 450 people in Quebec and offers a range of services including studio and equipment rentals, image and sound postproduction, visual effects and a virtual production platform.

Continue Reading
Styles De Vie7 mois ago

MAPEI Canada inaugure l’agrandissement de son usine à Laval, au Québec

Styles De Vie7 mois ago

Le Gala Elles reconnaissent célèbre les femmes remarquables de l’industrie de la construction

Styles De Vie7 mois ago

Préparez votre maison pour l’hiver afin d’éviter les réclamations d’assurance

Styles De Vie7 mois ago

Quatre façons de commencer à travailler dans le domaine des ventes

Styles De Vie7 mois ago

La Commission indépendante soutient le recours de la Cour suprême contre le déni des droits des non-francophones par le Québec

Styles De Vie7 mois ago

Justin Trudeau est un raciste contre les Noirs et les Premières Nations – 14 signes

Styles De Vie7 mois ago

Enfants aux études loin de la maison : Trois conseils pour veiller à la santé de leurs finances

Styles De Vie7 mois ago

Règles et règlements que toutes les entreprises canadiennes doivent connaître

Styles De Vie7 mois ago

Épargnez pour l’avenir grâce à nos trucs financiers pour la rentrée

Styles De Vie7 mois ago

Efficacité énergétique: 10 façons économiques de l’améliorer

Actualités2 années ago

Ces légendes du baccara vous dévoilent leurs secrets

Affaires2 années ago

Retard de vol : le devoir de la compagnie envers ses passagers

Anglais3 années ago

Nostalgia and much more with Starburst XXXtreme

Opinions3 années ago

Même les jeunes RÉPUBLIQUES se lassent du capitalisme, selon les sondeurs américains — RT USA News

Opinions3 années ago

« Aucune crise climatique ne causera la fin du capitalisme ! »

Opinions3 années ago

Innovation : le capitalisme « responsable », faux problème et vraie diversion

Opinions3 années ago

Vers la fin du Capitalocène ?

Opinions3 années ago

Le “capitalisme viral” peut-il sauver la planète ?

Opinions3 années ago

Livre : comment le capitalisme a colonisé les esprits

Opinions3 années ago

Patrick Artus : « Le capitalisme d’aujourd’hui est économiquement inefficace »

Anglais5 années ago

Body found after downtown Lethbridge apartment building fire, police investigating – Lethbridge

Santé Et Nutrition4 années ago

Comment aider un bébé à développer son goût

Anglais5 années ago

Head of Toronto Community Housing placed on paid leave

Styles De Vie5 années ago

Salon du chocolat 2018: les 5 temps forts

Anglais5 années ago

This B.C. woman’s recipe is one of the most popular of all time — and the story behind it is bananas

Santé Et Nutrition6 années ago

Gluten-Free Muffins

Santé Et Nutrition5 années ago

We Try Kin Euphorics and How to REALLY Get the Glow | Healthyish

Anglais5 années ago

Man facing eviction from family home on Toronto Islands gets reprieve — for now

Anglais6 années ago

Condo developer Thomas Liu — who collected millions but hasn’t built anything — loses court fight with Town of Ajax

Anglais5 années ago

27 CP Rail cars derail near Lake Louise, Alta.

Anglais5 années ago

Ontario’s Tories hope Ryan Gosling video will keep supporters from breaking up with the party

Styles De Vie6 années ago

Renaud Capuçon, rédacteur en chef du Figaroscope

Mode5 années ago

Paris : chez Cécile Roederer co-fondatrice de Smallable

Anglais5 années ago

Ontario Tories argue Trudeau’s carbon plan is ‘unconstitutional’

Anglais5 années ago

100 years later, Montreal’s Black Watch regiment returns to Wallers, France

Anglais5 années ago

Trudeau government would reject Jason Kenney, taxpayers group in carbon tax court fight

Styles De Vie5 années ago

Ford Ranger Raptor, le pick-up roule des mécaniques

Affaires5 années ago

Le Forex devient de plus en plus accessible aux débutants

Technologie5 années ago

Los Angeles poursuit The Weather Channel pour atteinte à la vie privée

Anglais4 années ago

The Bill Gates globalist vaccine depopulation agenda… as revealed by Robert F. Kennedy, Jr.

Trending

slot server jepang
judi slot pulsa