Business

Inactive wells are posing health and safety risks and lowering land values, say experts who add the $260-billion problem will only grow if not addressed now.

08
April
2019

There’s something missing from our election debate—and in sheer dollars, it may be the biggest single issue that has ever faced this province.

Last fall, a groundbreaking investigation revealed the Alberta Energy Regulator’s internal estimate of Alberta’s true oilfield cleanup costs: $260 billion.

Let that sink in, $260 billion. The same as Alberta’s entire provincial budget through 2025. A staggering five times higher than they had publicly reported up to that point.

Compare that to the $1.6 billion—or 0.6 per cent of the cost—currently being held by the province as a deposit for those cleanup costs, and we have a massive ticking time bomb on our hands. A time bomb with devastating impacts on the people and communities that call Alberta home.

Who is going to pay for this cleanup? And by when?

Right now in Alberta, there...

Headlines

25
February
2019

Firms obscure bad news in financial reports, study suggests

Unclear narratives in annual corporate reports may be a red flag for stock price crashes, new study shows.

Firms that publish complex or ambiguous annual reports might be trying to mask poor performance and could be inadvertently signalling a crash in their stock price, according to new research from the
20
February
2019

Billing consumers could help make cloud computing more energy-efficient: study

“Invisible” cost of energy used by data centres could be passed on to customers to encourage sustainable practices, says U of A computing scientist.

Cloud computing services would be more energy-efficient if users were billed directly by providers, according to a new University of Alberta study. “In 2015, data centres consumed more energy
13
February
2019

Focusing on good management rather than emissions may help farmers address climate change

New study of Alberta farmers suggests scaling up practices that make economic and environmental sense rather than focusing only on carbon emissions.

Building on existing agricultural practices—and not pointing fingers at farming as a climate change villain—will better address the hotly debated issue, says a University of Alberta expert. A new
04
January
2019

Institutional investors drive corporate social responsibility, study shows

Norms in countries where investors are based influence environmental and social performance of firms they invest in, according to U of A research.

Firms will invest in areas that reflect the environmental and social values of the countries their leading investors are based in, according to new research out of the University of Alberta. Using
17
December
2018

Why Christmas marketing is a harder sell than it used to be

A fragmented media landscape and consumers’ desire to buy items that represent their values has led to a shift away from the big brands, according to U of A expert.

While Coca-Cola didn’t invent Santa Claus as we know him today, it perfected the image. In 1931, the global company pulled an on-brand red suit and hat over the perfect amount of heft one would
04
December
2018

U of A student hopes her app will entice more people to try vegetarian dishes when dining out

Hazel Foerstner’s app will list vegetarian dishes in all local restaurants; hopes to launch by end of year.

Some of the best business ideas are born out of hunger, literally. While in Europe during the summer of 2017, Hazel Foerstner ate only potato chips for three straight days. “I was starving,”
03
December
2018

$4 million from Lockheed Martin helps U of A biofuel spinoff company forge ahead

Investment will go toward construction of Forge Hydrocarbons’ commercial-scale production facility, already underway.

A University of Alberta spinoff company producing the next generation of renewable fuels received a US$4-million investment from Lockheed Martin to help the startup build a $25-million production
30
November
2018

How Shakespeare still informs today’s family businesses

Generational squabbles, ungrateful heirs and identity crises present perennial challenges for family businesses, says U of A expert.

While established family businesses generate much of Canada’s gross domestic product and are key drivers of entrepreneurship, it’s a national tragedy that—according to a University of Alberta
29
November
2018

U of A celebrates commercial potential of research

Researchers obtained nine patents and started up 11 spinoff companies last year through TEC Edmonton.

A new type of neuromuscular electrical stimulation designed to better treat people with spinal cord injuries was one of nine patents, along with 11 spinoff companies, that were celebrated during TEC
14
November
2018

Quickness of counterbids, not time pressure, creates bidding frenzy in auctions: study

Intensity of bidding drives desire to win and willingness to pay, U of A marketing researchers find.

By MICHAEL BROWN How fast a competitor counters your bid during an auction will increase your desire to win—and likely your willingness to pay for the auctioned product, according to a new study
26
October
2018

$2.3-million space opens in downtown Edmonton for U of A spinoff health companies

UAlberta Health Accelerator revs up in TEC Centre Labs.

Five years after taking his first steps into the world of entrepreneurship, Brayden Whitlock no longer has any illusions about the effort needed to be successful. “The idea is only 10 per cent of