Calgary’s votes will be pivotal in the next provincial election
Alberta’s Sovereignty Act stokes controversy
Supporters say the act will deter Ottawa from introducing further legislation affecting oil and gas, while opponents say it creates uncertainty that will harm investment
Alberta premier Danielle Smith and her United Conservative Party (UCP) government passed a piece of quasi-separatist legislation in early December in an attempt to stop the federal government from implementing policies that would affect the province’s oil and gas industry. And the move has generated significant controversy. The heads of both the Calgary and Canadian chambers of commerce warn the uncertainty caused will deter capital investment in Alberta. Rachel Notley, the leader of the centre-left New Democratic Party (NDP) has labelled the legislation as “job killing” and has said her first order of business if she regains power in a late May provincial election will be to revoke it. Petr
Also in this section
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
