Varcoe: From inflation to oilpatch resurgence, Alberta's top business stories of 2022

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Varcoe: From inflation to oilpatch resurgence, Alberta's top business stories of 2022 yyc yycbiz

It confronts them every time they go to the pumps, stroll through a grocery store or open their utility bills.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

Facing pressure to act, the province lifted its 13-cent-a-litre tax on gasoline and provided rebates for sizzling electricity bills. A relief package introduced by the UCP government in November is expected to cost $2.8 billion over three years.provided kindling to the inflationary fire. Benchmark U.S. oil prices started the year at US$75 a barrel and topped $120 in March — and again in June — before returning to the mid-70s by December.

“We have gone to a place where energy security is, once again, top of mind,” says Calgary Chamber of Commerce CEO Deborah Yedlin. The province has room to spend billions of dollars on affordability measures, inject money into the Heritage Fund and pay off more than $13 billion of debt this year.Article contentsaga surrounding Suncor EnergyThe venerable integrated oil producer, after several years of disappointing results, found itself under the microscope in April.

Ottawa signalled it wants the sector to slash its emissions by 42 per cent by 2030, from 2019 levels. It didn’t take long for the emissions cap and other federal-provincial scraps to filter into the UCP leadership campaign to replace Jason Kenney as premier.Alberta sovereignty act

 

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god it just keeps getting worse

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