Some big power companies have ended the “no disconnections” policy they brought in under lockdown.
Read more: https://bit.ly/2ZJv6mc
Oil Markets Could Soon Face A Devastating Supply Crunch
Concerted production cuts by OPEC+ and IOCs have largely been canceled out by a sharp fall in global oil demand from a record peak of >100 mbd to a recent low of 70 mbd, while WTI prices appear stuck in the mid-$30/barrel range. Given this backdrop, the last thing on the minds of investors probably is the prospect of the oil markets doing a 180 by going from a supply glut to a supply crunch. Still, it’s worth taking a look at this through a contrarian lens that reveals the unexpected: An oil supply shock is not as far removed from the realm of possibility as we might imagine.
Read more: https://bit.ly/2B9S9MH
Calgary air traffic in April almost completely grounded by COVID-19
Calgary’s air traffic traveled decades back in time last month to numbers crunched by the COVID-19 pandemic.
Read more: https://bit.ly/36BB9dK
Alberta economy to contract seven per cent this year, a ‘historic’ decline: Conference Board
Alberta’s economy will decline by a “historic” seven per cent this year, according to a new forecast that says the province is eyeing its worst recession on record.
Read more: https://bit.ly/2TKPv6r
Housing market will take years to climb out of the hole brought on by ‘historic recession’: CMHC
Construction on new housing will be slashed by at least half this year as prices and sales on existing homes plunge due to the economic shock from the coronavirus pandemic, the Canada Mortgage and Housing Corporation predicted in its housing market outlook released Wednesday.
Read more: https://bit.ly/2yCUfUi
No property tax rate increase for Sylvan Lakers
Tax rates will remain the same for property owners in the Town of Sylvan Lake this year.
Read more: https://bit.ly/3gtKDMU
Greystone development land use re-designation completes public hearing
COCHRANE— A land-use re-designation is one step closer to reality for the Greystone area development after the public hearing concerning the land came to a close.
Read more: https://bit.ly/2XtZsGg
Enel Green Power connects two new wind farms near Pincher Creek
Representing an investment of over $210 million, Enel Green Power has connected its 105 MW Riverview and 29.4 MW Castle Rock Ridge II wind farms in Pincher Creek to the grid.
Read more: https://bit.ly/2M20MuP
Council discusses divesting of City-owned buildings
City council is considering divesting numerous City-owned properties over the next few years, and is seeking a process from staff on how to do it in a responsible way.
Read more: https://bit.ly/2LZ9pX0
New southside school to be named after Robert Plaxton
Lethbridge School Division’s newest school, located in the southeast corner of the city in the Fairmont area, will be formally called Dr. Robert Plaxton Elementary School.
Read more: https://bit.ly/3d921Ej