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The National Energy Program (French: Programme énergétique national, NEP) was an energy policy of the Canadian federal government from 1980 to 1985. The economically nationalist policy sought to secure Canadian energy independence, though was strongly opposed by the private sector and the oil-producing Western Canadian provinces, most notably Alberta.
The aim of the National Oil Policy was to promote the Alberta oil industry by securing for it a protected share of the domestic market. Under the policy, Canada was divided into two oil markets. The market east of the Ottawa Valley (the Borden Line) would use imported oil, while west of the Borden Line, consumers would use the more expensive ...
Pierre Trudeau responded to the embargo by imposing an oil export tax, forcing Alberta into giving a discounted price to the rest of the country at Alberta's expense. By 1975, the world price of oil had ballooned nearly 300%, to $12 a barrel, [70] but central Canada was buying Alberta
Pipelines originating from Alberta regulated by the NEB (now, CER) The National Energy Board was an independent economic regulatory agency created in 1959 by the Government of Canada to oversee "international and inter-provincial aspects of the oil, gas and electric utility industries." [1] Its head office was located in Calgary, Alberta.
Suncor Energy completed merger with Canada's 11th largest company Petro Canada on August 1, 2009 in a 21 billion dollar deal to form the largest oil and second largest company overall in Canada. [66] [67] At the time of the merger it had a market capitalization of $43 billion and held the biggest position in Alberta's oil sands. [68]
CNOOC Petroleum North America ULC, formerly known as Nexen, is a Canadian oil and gas company based in Calgary, Alberta. Originally the Canadian subsidiary of US-based Occidental Petroleum (known as Canadian Occidental Petroleum or CanOxy), it became an independent company, Nexen, in 2000.
Halifax placed first and worst in Canada at $225 [80] a month. Compared to other cities in North America, Calgary and Edmonton placed seventh and eighth in terms of the highest power costs. [81] Vancouver, BC was among the least expensive ($130 a month). [80] In Alberta, energy spending (without gasoline costs) represents 2.3% of total ...
The Alberta Enterprise Group (AEG) is a member-based, non-profit business and corporate advocacy organization based in Alberta, Canada. [ 1 ] The organization's members collectively employ more than 150,000 people and generate billions in economic activity each year.