Business & Economy

UCP government to continue with NDP’s petrochemical credit program, cancel two others

The United Conservative government in Alberta says it will continue with a program introduced by the former NDP regime to use $1.1 billion in natural gas royalty credits to encourage new petrochemical...

Oct 23, 2019

Oilsands carbon liability at centre of closely watched New York fraud lawsuit

Alberta's oilsands are at the centre of a closely watched court battle in New York today. The state's attorney general is accusing Exxon Mobil of misrepresenting the risks the operations face as gover...

Oct 23, 2019

City councillors weigh in on federal election results

Members of Red Deer city council are weighing in with their reaction to Monday's federal election result of a Liberal minority government. Mayor Tara Veer says the sentiment she's heard throughout the...

Oct 22, 2019 Justin Trudeau's Liberals were given a minority government in Monday's federal election. (Photo: The Canadian Press)

Husky Energy confirms layoffs, but won't say how many

CALGARY - Calgary-based Husky Energy Inc. is confirming it is laying off staff but won't say how many.The company controlled by Hong Kong billionaire Li Ka-Shing says the reductions are a result of st...

Oct 22, 2019

Construction underway on next phase at Clearview Market Square

As many local motorists may have already noticed, work is now well underway on Phase 2 of Clearview Market Square in northeast Red Deer.The Melcor development near the roundabout at 67 Street and 30 A...

Oct 21, 2019 Construction crews are busy with work on Phase 2 of Clearview Market Square in northeast Red Deer. Officials with Melcor anticipate three new buildings to initially go up over the next several months.

Alberta legislation would scrap NDP plan to change electricity power market

EDMONTON - Alberta has introduced legislation to follow through on its promise to end the plan to move the provincial power market to a capacity system.Energy Minister Sonya Savage says stakeholders d...

Oct 17, 2019 (Lethbridge News Now file photo)

United We Roll to counter-protest Thunberg climate strike at Legislature

A climate strike planned for the Alberta Legislature on Friday featuring Swedish activist Greta Thunberg has sparked a 'call to action' by supporters of Alberta's oil and gas industry.Glen Carritt wit...

Oct 17, 2019 (rdnewsNOW file photo)

Chamber hands out Business of the Year awards

The Red Deer & District Chamber of Commerce announced the 2019 Business of the Year Awards to five recipients at their 36th Business of the Year Awards held at the Red Deer College Arts Centre on ...

Oct 16, 2019

Red Deer County providing tax relief for shallow gas producers

Red Deer County Council is complying with a request from the Alberta government to provide property tax relief for shallow gas producers this year.The request from Alberta Municipal Affairs calls on m...

Oct 16, 2019

Company linked to Warren Buffett investing in Alberta wind farm

CALGARY - A company linked to American investment guru Warren Buffett says it will break ground on a $200-million, 117.6-megawatt wind farm in southeastern Alberta next year.In a news release, Calgary...

Oct 15, 2019 Warren Buffet (Photo: The Canadian Press)