Word: alberta
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Hard on the heels of the real estate developers are Canadian oil and gas companies. These firms have been so discouraged by their government's policy of heavy taxation and price controls that they find the U.S. an attractive alternative market. This year Alberta-based oil and gas hunters will spend as much as $4 billion searching for energy in the U.S., vs. $1.5 billion to $2 billion spent at home. The International Association of Drilling Contractors in Houston estimates that by late spring there may be as many as 250 Canadian drilling rigs operating in the U.S. This...
British Columbia boldly announced that it would refuse to turn over the tax and would hold it in a trust instead, pending a court of appeal decision on its legality. Neighboring Alberta and probably Saskatchewan will make their payments on schedule in January but will accompany them with formal protests. The West's purpose: to force Canadian Prime Minister Pierre Trudeau to renegotiate the National Energy Program he announced last October, which sharply increased the federal share of oil and gas revenues...
Even if the courts decide to overrule the tax boycott, Trudeau's program will still face other obstacles in the West. In Alberta, the country's leading oil supplier, Premier Peter Lougheed warned that unless Ottawa negotiates a higher price for crude, the province will not only cut back production by 15% but will hold up construction of two new refineries...
...action earlier in the afternoon, the Crimson also emerged victorious with freshman Jessica Rice, sophomore Cindy Phillips, and junior Alberta Young leading the way with three individual wins each...
Scott Sangster, So., Sherwood Pk, Alberta--Defense...