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Activist tune - Global Times

Activist tune - Global Times
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FEATURE-Canadian country music star spurs unlikely coalition against coal

FEATURE-Canadian country music star spurs unlikely coalition against coal
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Government of Alberta takes 50 per cent stake in Sturgeon Refinery for $825 million - Medicine Hat NewsMedicine Hat News

Government of Alberta takes 50 per cent stake in Sturgeon Refinery for $825 million Business Related Yes CALGARY – The Alberta government is taking 50 per cent ownership of the controversial Sturgeon Refinery by paying $825 million to reduce tolling costs at the facility northeast of Edmonton. The province has signed a restructuring deal that also extends the length of Alberta’s processing contract with the refinery by 10 years, to 2058. The deal means less taxpayer risk in the long-term and it won’t cost the province any more than it was already obligated to pay as a toll payer, the province said Monday. The government-owned Alberta Petroleum Marketing Commission has a contract to provide bitumen to the refinery.

Jason kenneyKathleen ganleyCanadian press onAlberta petroleum marketing commissionAlberta department of energyCanadian natural resources ltdThe canadian pressSturgeon refineryNorth west refiningEnergy minister sonya savageஜேசன் கெநீக்யாத்லீந் கன்லேய்கனடியன் ப்ரெஸ் ஆன்ஆல்பர்ட்டா பெட்ரோலியம் சந்தைப்படுத்தல் தரகுஆல்பர்ட்டா துறை ஆஃப் ஆற்றல்கனடியன் இயற்கை வளங்கள் லிமிடெட்

Government of Alberta takes 50 per cent stake in Sturgeon Refinery for $825 million | iNFOnews

July 05, 2021 - 3:40 PM CALGARY - The Alberta government is taking 50 per cent ownership of the controversial Sturgeon Refinery by paying $825 million to reduce tolling costs at the facility northeast of Edmonton. The province has signed a restructuring deal that also extends the length of Alberta s processing contract with the refinery by 10 years, to 2058. The deal means less taxpayer risk in the long-term and it wonât cost the province any more than it was already obligated to pay as a toll payer, the province said Monday. The government-owned Alberta Petroleum Marketing Commission has a contract to provide bitumen to the refinery.

Jason kenneyKathleen ganleyAlberta petroleum marketing commissionAlberta department of energyCanadian natural resources ltdSturgeon refineryNorth west refiningEnergy minister sonya savageஜேசன் கெநீக்யாத்லீந் கன்லேய்ஆல்பர்ட்டா பெட்ரோலியம் சந்தைப்படுத்தல் தரகுஆல்பர்ட்டா துறை ஆஃப் ஆற்றல்கனடியன் இயற்கை வளங்கள் லிமிடெட்ஸ்டர்ஜன் சுத்திகரிப்பு நிலையம்வடக்கு மேற்கு சுத்திகரிப்புஆற்றல் அமைச்சர் சோனியா காட்டுமிராண்டித்தனம்

Government of Alberta takes 50 per cent stake in Sturgeon Refinery for $825 million

The government-owned Alberta Petroleum Marketing Commission has a contract to provide bitumen to the refinery. Under the terms of the new deal, the province will pay North West Refining $425 million for its 50 per cent equity stake in the refinery and will pay Canadian Natural Resources Ltd., which will continue to own the other 50 per cent of the refinery, $400 million. As a result of making the payments now, the province will not have to pay approximately $1 billion in tolling payments over the next 30 years. It will also get to play a decision-making role in the refinery’s operations. In a news release, Energy Minister Sonya Savage said the restructuring will benefit Albertans in the long run.

Jason kenneyKathleen ganleyAlberta petroleum marketing commissionAlberta department of energyCanadian natural resources ltdSturgeon refineryNorth west refiningEnergy minister sonya savageஜேசன் கெநீக்யாத்லீந் கன்லேய்ஆல்பர்ட்டா பெட்ரோலியம் சந்தைப்படுத்தல் தரகுஆல்பர்ட்டா துறை ஆஃப் ஆற்றல்கனடியன் இயற்கை வளங்கள் லிமிடெட்ஸ்டர்ஜன் சுத்திகரிப்பு நிலையம்வடக்கு மேற்கு சுத்திகரிப்புஆற்றல் அமைச்சர் சோனியா காட்டுமிராண்டித்தனம்