November 02, 2015

ANOTHER cancelled Alberta project: $1.6B Sundance 7 plant postponed "until the next decade"

Rebel Staff
 

TransAlta is suspending their Sundance 7 project until at least the next decade. 

Sundance 7 is a high efficiency, low emission natural gas electricity generating plant and a two-year, $1.6 billion construction project.

Or at least, it would have been.

It was canceled on October 30, just after that NDP attack budget came out. TransAlta reacted to the budget just like Shell, MEG and Husky did.

TransAlta cites the uncertainty around provincial climate change policies as one of the contributing factors. 

But there's a sliver of hope:

Sundance 7 is parked on the shelf until the next decade. The next decade means the next government, just after the NDP is voted out and into obscurity.

 


The NDP budget is a disaster. 50,000 are out of work. Investment is fleeing the province.
SIGN THE PETITION and tell Rachel Notley stop her war on oil and gas jobs in Alberta.

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Comments
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commented 2015-11-04 09:34:36 -0500
Rudden halfwit is very warranted. Even an understatement!
commented 2015-11-04 08:39:35 -0500
BRAVO ZULU, that is it in a nutshell. Great comment. Those of us that have been in the oilpatch for decades are not blind with rose colored glasses to see what is actually happening.
commented 2015-11-04 01:51:25 -0500
For anyone blaming oil prices i might remind you it was lower, in the first half of the 2000’s and i was busy , as was the whole patch.
commented 2015-11-04 00:47:59 -0500
Terry Rudden sorry my apologies.
commented 2015-11-03 21:55:34 -0500
Drew: that comment really didn’t need the “halfwit”.
commented 2015-11-03 20:10:53 -0500
Terry Ruden the company said it was the NDP you halfwit, that is the oil industry, some commenter making ridiculous claims is not the oil industry. Everyone i know from the industry says the same and please tell me why Sask is not losing so many jobs? Or why is BC not? They have tons of gas up north.
commented 2015-11-03 15:00:21 -0500
sheila, i love your vids. and you’re as cute as a button.

now for all the complainers of carly … it is impressive in itself to have run HP. you need quite a resume to land that job: think about it, it means she has been very successful prior to that job. and she doesn’t have to sell a suspect product that is being out competed by china (which is influenced by gov policy – just look at alberta’s oil industry for example), she just has to take the available money going in, and balance the country’s budget (a formidable task) and pay down the debt. i myself, at this point, am a cruz man – but carly is an impressive candidate that would do the states well considering their current administration.
commented 2015-11-03 14:01:51 -0500
Most of the posts here are correct… we have only seen the start of the businesses and investment fleeing Alberta and the good news dear baby Justin hasn’t even got started yet… it is very telling that most other (oil & gas) jurisdictions are still operating at a modest profit and plan on continuing to do so
commented 2015-11-03 12:19:11 -0500
I can’t wait till this government is out of power. Plus we have to make sure these freaks don’t get pensions as they will have only been in power for one setting.
commented 2015-11-03 12:02:37 -0500
With another project gone due to the NDP policies, I would suggest that they are probably “laughing all the way to the bank”, but then that is not the case since they lose money every project that shuts down because of their policies.
commented 2015-11-03 09:21:46 -0500
Ernest: come on, who are you going to believe….the oil industry, or Ezra?
commented 2015-11-02 21:19:02 -0500
I drove by the Alberta legislature grounds today and every 100 feet or so they have these decorative columns with torches burning on top. What is their policy on Co2 again?
commented 2015-11-02 21:14:16 -0500
How’d you get snow with all the global warming going on?
commented 2015-11-02 19:35:30 -0500
Ernest that guy is insane it is rarely over 100 a barrel and in no way is that a break even price. Not sure where this clown got that idea? There would be nothing much anywhere if that were a break even price.
commented 2015-11-02 19:23:34 -0500
Drove to Calgary yesterday and from High River to Calgary on highway 2 it looks like a used car lot with all the vehicles and equipment for sale. Shame on these commies, and this my friends is only the start . They have to be stopped soon or overthrown or locked up or……..
commented 2015-11-02 18:04:06 -0500
Bravo Zulu i agree let them freeze with their phony alternatives in the damn dark. And we need a new version of the Trudeau asswipe as well.
commented 2015-11-02 17:57:55 -0500
No Jimmy and Andrew on this one? The company itself stated the budget as a reason, oh sorry Jimmy might prove they are lying LMAO
commented 2015-11-02 17:54:08 -0500
BRAVO ZULU Good comment you are not alone in your thoughts
commented 2015-11-02 17:40:10 -0500
It’s not only Alberta the money is fleeing, it’s Canada. So far 70 billion has left Canada for other parts of the world where the return is much greater.
commented 2015-11-02 16:56:05 -0500
I wonder what the lefties new excuse will be when prices go back up?
commented 2015-11-02 16:55:15 -0500
William Wiser sorry but i was talking to the regional manager form Shell the other day, he says it is because of the NDP that much has been put aside for now, and we have had low prices before , much was still planned and business went on. it was not that long ago. And please tell me why Sask has not lost this many jobs if it is the price.
commented 2015-11-02 16:25:02 -0500
Lefty folks and paid trolls will mock anyone accusing the dippersof causing this….however…..

Most of these projects were waiting to see if it was possible to continue after the budget.

When the various companies reviews are completed the decision to continue or to halt is made – often within hours of the conclusion of the meeting.

So – no matter what folks say – the budget DID HAVE A HUGE IMPACT AND ANYONE NOT SEEING THIS is a damned fool.

Alberta is screwed – it is an intentional attack on the oil industry.

Unfortunately – or perhaps fortunately – it is now coming to the time when we can honestly come back to the old saying – “Let those eastern bastards freeze in the dark.”

I will be a Timmies that the dippers start to see serious threats to their security as people become more and more desparate.

And of course the law will not be applied equally and equitabley.

Be that as it may I would dearly love to take a few anti-oil sands dippers out back of the barn and give them some 2×4 loving. I know I am not alone.

In fact if any were to come round the place I could not guarantee their safety as more than a few that I know where I live are ready to apply a bit of loving.

Only the lefty folks will be offended at this – but then again they have usually been the recipients of tax dollars provided by hard working Albertans. Not many lefty folks know what an honest day’s work is – but they do know how to steal a person’s livlihood.

You will see more projects – large and small – cancelled over the next month as companies decide whether or not to continue in Alberta after the attack budget brought down by Notley – who after the next election might not be able to safely live in Alberta. Just betting it will get that bad.

You cannot continually ruin people and get away with it indefinitely.
commented 2015-11-02 15:56:22 -0500
Canada just suffered its worst cash outflow ever.

http://www.zerohedge.com/news/2015-11-02/forget-china-extremely-developed-country-just-suffered-its-biggest-money-outflow-eve

The blame is on oil, but this issue started 12 months ago from June – OIL WAS $102 PER BARREL back then.

So what else could it be? Could it be that the media party was projecting a socialist winner in Ottawa and in Alberta??

Could it be that the media party was effectively telling investors to get the fuck out of Canada???? .

Socialist suicide strikes again.
commented 2015-11-02 14:24:45 -0500
WILLIAM WISER, out of curiosity, were you the same kind of person that never even included global gas prices during the election race in your arguments? But this was not oil. It was natural gas. Not only that but it was proposed to produce electricity for Alberta, something greatly needed. Basically you are grasping at straws. It doesn’t take much to see this is from the NDP. They are anti-oil, etc. When it was Harper and a conservative government in Alberta, they were still making some money, and were not about to pull out. So I guess it is you that should try again. But I did get a kick out of a liberal using oil prices as an argument.
commented 2015-11-02 14:18:41 -0500
Paul Belanger The right will unite, and they have the numbers the New Debt Party is finished, They have no plan, no comment, no hope , just taxes and fees, They will be gone from alberta next election. Wildrose will be in. NDP may hold onto a few seats but one hit wonders they are.
commented 2015-11-02 14:17:51 -0500
Peter Netterville

That is exactly where Ont. is heading. Under the guise of the left wing climate change scam.
commented 2015-11-02 14:16:39 -0500
The American Green Machine has its hooks into our economic policies and is killing this country with their bullshit.
Yankees go home.
commented 2015-11-02 14:15:55 -0500
Paul said, “I find it curious that many folks believe this is a temporary fluke in AB governance.”

We Albertans have to believe that this NDP government will have their collective asses handed to them in 3 years 8 months and a smattering of days, otherwise we will go stark raving mad. Hope, Paul, we have to have hope!