Made-in-Alberta vaccine and drug development pipeline gets funding

Alberta invests $55.1M to taking vaccines, antiviral drugs from discovery to manufacturing

Made-in-Alberta vaccine and drug development pipeline gets fundingAlberta is building a better pipeline, but this one’s not for oil and gas products – it’s for vaccines and therapeutic drugs to fight viral diseases. The province announced a $55.1-million grant on Wednesday for University of Alberta research on ways to prevent and treat COVID-19, including $15 million for vaccine projects and $10 million for studies…

Infrastructure funding will drive innovation across the sciences

$27M from Alberta government goes to research in health, energy, environment, agriculture and astrophysics

Infrastructure funding will drive innovation across the sciencesAn investment of $27 million from the Alberta government will significantly boost research capacity and lead to innovations across the sciences at the University of Alberta. The provincial government announced recently that a four-year investment through its Research Capacity Program will be used to upgrade or create new facilities and infrastructure for 11 research projects.…

Oil markets dampen with new COVID strain, release of reserves

The dip came as a new COVID-19 strain sparked fears of renewed lockdowns and demand destruction

Oil markets dampen with new COVID strain, release of reservesWorld crude oil markets crashed on Friday by more than 10 per cent. For the first time since late September, West Texas Intermediate, the U.S. crude, tumbled below $70 a barrel, while the global benchmark, Brent, slumped to less than $75 a barrel. This crash wasn’t anticipated. The relief didn’t just come from the co-ordinated…

Food supply chain resilience put to the test by B.C. floods

Supply chains in Western Canada have always been vulnerable and that’s not going to change anytime soon

Food supply chain resilience put to the test by B.C. floodsImages from British Columbia over the past week have been heartbreaking: human casualties, dairy cows barely breathing above water before being pulled to safety, the loss of livestock across the Fraser Valley. Just devastating. And the flow of goods on rail and roads is severely compromised. Many now claim that flash floods and atmospheric rivers…

Alberta oil and gas hugely important to Ontario economy

$2.1B in salaries and wages were generated as the result of oil and gas spending in 2017

Alberta oil and gas hugely important to Ontario economyBy Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre A headline screamed “The end of the Oil Age” in the Economist in 2003. Fast forward 18 years and that still doesn’t make sense in many ways. The demand for oil is increasing across the globe. Even U.S. President Joe Biden is asking the Organization of…

Achieving net-zero will take decades to accomplish

The world is learning the hard way that the global economy still relies on fossil fuels

Achieving net-zero will take decades to accomplishWith the UN-sponsored Climate Change Conference (COP26) climate talks in Glasgow over, it is important to review some of the agreements and implications that have resulted from this process and assess the impact on Canada’s energy resources sector. Putting the rhetoric in context One can take seriously the undeniable threat posed by climate change while…

Albertans need a plan to balance the budget

Without a plan, the government is flying blind

Albertans need a plan to balance the budgetIt’s ironic to procrastinate on planning. Sure, things will change, and any plan will have to change too, but it’s still essential to have some ideas about where to go and how to get there. There will never be a better time to make a plan. Yet Alberta is putting off its financial planning. It…

Alberta leads the way in cutting labour mobility red tape

Making it easier for professionals certified in over 100 occupations to move to the province

Alberta leads the way in cutting labour mobility red tapeWhile nearly one in three Canadian businesses is reporting labour shortages, Alberta is taking steps to make it easier for professionals certified in over 100 occupations to move to the province. Currently, these professionals wait between six and 12 months for their credentials from other provinces to be recognized. Thus, highly proficient Canadian-trained professionals like…

Oil and gas provides nothing but opportunity for Indigenous peoples

The success of the industry is a success for Indigenous people

Oil and gas provides nothing but opportunity for Indigenous peoplesI learned from my dad about sharing opportunities and lending a helping hand. That principle of generosity now sets the tone for my business and its interactions with customers. The oil and natural gas industry has provided opportunities for me and my family, which I’m proud to pay forward to my employees, community and beyond.…

Edmonton-based partnership poised to close Canada’s drug supply gaps

Initiative could transform Alberta into a powerhouse in the development of life-saving therapies

Edmonton-based partnership poised to close Canada’s drug supply gapsA gap in homegrown drug manufacturing means that Canadians are at the mercy of the global supply chain when it comes to ensuring they have access to the drugs they need. Around 80 per cent of the raw ingredients for the world’s drugs are made in only two countries: China and India, according to a…
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