Single-use plastic ban could impact Alberta's ability to attract investment, industry group warns - Edmonton Journal | Canada News Media
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Single-use plastic ban could impact Alberta's ability to attract investment, industry group warns – Edmonton Journal

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4 years ago

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“The government’s talking, for example, about harmonizing extended producer responsibility across Canada,” she said.

“And what that means is that the industry that puts plastic products on the market also takes responsibility for those plastic products after they are used. And then that way, what we see across different geographies, like British Columbia, like the EU, is you can get much higher collection and recycling rates for plastics.”

Marshall said as governments work to increase collection, recycling rates and scale, there are opportunities to invest in petrochemicals.

“Those are the big opportunities where I think when you look at that from an investment perspective, there’s still lots of strengths and opportunity in petrochemicals,” she said.

Energy Minister Sonya Savage announces a new orphan well site rehabilitation program, during a press conference in Edmonton Friday, April 24, 2020. (Photo by Chris Schwarz/Government of Alberta)
Energy Minister Sonya Savage attacked the federal government’s single-use plastic ban on Wednesday, Oct. 07, 2020 . Photo by Chris Schwarz /Government of Alberta

At a press conference Wednesday, Alberta Energy Minster Sonya Savage accused the federal government of “proceeding in a direction that suits their agenda and their purpose.”

She said part of Alberta’s economic recovery plan is to bring in more petrochemical activity, including the manufacturing of plastics.

“So we would just say that is Alberta’s jurisdiction. It’s a key part of our economic recovery strategy,” she said.

“So we’ll be following that announcement from the federal government and each and every announcement to ensure that it doesn’t infringe on our constitutional jurisdiction and to ensure that it doesn’t infringe on our ability to recover our economy and doesn’t infringe on our ability to diversify our economy.”

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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October 16, 2024

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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2 weeks ago

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October 11, 2024

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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2 weeks ago

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October 10, 2024

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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