The icefields and mountain glaciers of Alberta are situated on the continental divide and the eastern slopes of the Canadian Rocky Mountains. Alberta’s glaciers are concentrated here for two primary reasons: They form at the highest elevations, where temperatures are coolest. How many glaciers are in Alberta? Glacierized Area Size Range (km2) Glacier Count (n) […]
Category: Alberta
How Can I Get Out Of Debt In Alberta?
The Alberta OPD program is an easy and stress-free way to repay all of your debts, even government debt such as income tax and student loans. If you qualify for this program, you can be debt-free in five years. Find out how by scheduling a free, confidential appointment to talk about debt repayment. How long […]
Why Are Fossil Fuels Important To Alberta?
Alberta is the third largest producer of electricity in Canada and has an estimated generating capacity of 16 330 megawatts (MW). About 89% of electricity in Alberta is produced from fossil fuels– approximately 36% from coal and 54% from natural gas. How is the fossil fuel industry important to Alberta? Overview. The responsible development of […]
Why Is Gas Important To Alberta?
Alberta’s residential and commercial sectors account for 17%. The remaining 83% of natural gas consumed in Alberta is used by the industrial, electrical generation, transportation and other sectors. Natural gas is also an important raw material for the province’s oil sands and electric power-generation industries. Why is natural gas important to Alberta? Natural gas and […]
When Did Alberta Experience An Oil Boom?
In the 1970s, Alberta was hit by a modern-day gold rush. Oil prices soared and adventurers flooded into the province in a frenzied hunt to strike it rich. When did the oil industry start in Alberta? Oil is discovered in Alberta’s remote northwest. In 1965, the Banff Oil Company drills successful wells in this region. […]
How Many Mines Are In Alberta?
At present there are no underground mines active in Alberta. There are 4 major quarries in the province. Alberta has hundreds of sand and gravel pits of various sizes. Are there mines in Alberta? Highvale Mine, operated by TransAlta and SunHills Mining Partnership and located south of Lake Wabamun, about 70 kilometres west of Edmonton. […]
How Does Oil Impact The Alberta Economy?
Overview. The responsible development of oil sands is a key driver of Alberta’s and Canada’s economy. It creates jobs and tax revenue for government which support the social programs and capital infrastructure projects we rely on. Why is oil and gas so important in Alberta? The oil and gas industry helps drive Alberta’s economy and […]
How Long Is A Promissory Note Valid In Alberta?
It can be issued a month after the loan is given, or a decade. But once it has been issued, the two-year limit on legal action to recover the debt begins. As in the original law, the two-year clock is restarted whenever the borrower acknowledges the debt, whether by making an interest payment or by […]
How Much Of Canada’S Gdp Is Alberta Oil?
From the year 2000 onwards, its gross domestic product (GDP) share in the total economy averaged about 5% for Canada, 21% for Alberta, and 25% for Newfoundland and Labrador. The industry was severely hit by the oil price crisis. Crude oil and merchandise exports. January 2020 = 100 Mar. 2021 107.4356 105.2321 Apr. How much […]
When Did Oil Crash In Alberta?
Beginning in June 2014, the record high volume of worldwide oil inventories in storage—referred to as a global oil glut—caused crude oil prices to collapse at near ten-year low prices. When was the oil bust in Alberta? Job creation in the province of Alberta is expected to top the nation this year (though it wasn’t […]