{"id":4388,"date":"2020-03-31T13:38:54","date_gmt":"2020-03-31T19:38:54","guid":{"rendered":"https:\/\/siever.ca\/kim\/?p=4388"},"modified":"2020-04-14T17:15:23","modified_gmt":"2020-04-14T23:15:23","slug":"10-things-to-know-about-albertas-keystone-xl-announcement","status":"publish","type":"post","link":"https:\/\/siever.ca\/kim\/2020\/03\/31\/10-things-to-know-about-albertas-keystone-xl-announcement\/","title":{"rendered":"10 things to know about Alberta\u2019s Keystone XL announcement"},"content":{"rendered":"\n

You\u2019ve probably seen the announcement<\/a> by this point that the Alberta government is spending $1.5 billion on the Keystone XL pipeline. <\/p>\n\n\n\n

Here are 10 things you should realize about it. <\/p>\n\n\n\n\n\n\n\n

1. The $1.5 billion the Alberta government is using to buy shares in the company is only part of the package. There\u2019s also a $6 billion loan guarantee. That\u2019s a total of $7.5 billion if the pipeline doesn\u2019t end up getting built with oil prices at record lows. <\/p>\n\n\n\n

2. For comparison, the Trudeau government spent $4.5 billion on the Trans Mountain Pipeline. And Canadians own it. <\/p>\n\n\n\n

3. This pipeline is supposed to create 1400 direct jobs in Alberta, as well as 5400 indirect jobs. That\u2019s 6800 jobs. <\/p>\n\n\n\n

4. Alberta lost over 50,000 full-time jobs between July 2019 and February 2020. <\/p>\n\n\n\n

5. The Alberta government laid off 25,000 education staff<\/a> just this past Saturday. <\/p>\n\n\n\n

6. The Alberta government is taking on potentially $7.5 billion in debt to create 6800 jobs. That\u2019s $1,102,941.18 per job. Their Saturday education layoff notice was to save $128 million. That\u2019s $5,120 per job. <\/p>\n\n\n\n

7. For $7.5 billion, the Alberta government could\u2019ve hired 1,464,843 people at the rate they were paying the 25,000 they just laid off. Even if you don\u2019t factor in the loan guarantee, that\u2019s still 292,969 jobs. <\/p>\n\n\n\n

8. TC Energy, the company building Keystone XL, made $32 million last year<\/a> from the corporate tax cut introduced in July. They had $4 bilion in profit in 2019<\/a>. They had $1.1 billion in the last quarter alone.<\/p>\n\n\n\n

9. Alberta doctors are having their funding cut<\/a> by 25% tomorrow, when the new budget comes into effect. In the middle of a pandemic.<\/p>\n\n\n\n

10. Jason Kenny doesn\u2019t actually care about jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"

You\u2019ve probably seen the announcement by this point that the Alberta government is spending $1.5 billion on the Keystone XL pipeline. Here are 10 things you should realize about it.<\/p>\n","protected":false},"author":1,"featured_media":4389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[106],"tags":[85,86,76],"class_list":["post-4388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alberta","tag-politics","tag-taxes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/03\/oil-pump-jack-1407715_1920.jpg?fit=1920%2C1483&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4NkW7-18M","jetpack-related-posts":[{"id":4648,"url":"https:\/\/siever.ca\/kim\/2020\/04\/15\/travis-toews-lets-himself-lend-1-25b-to-oil-refinery\/","url_meta":{"origin":4388,"position":0},"title":"Travis Toews lets himself lend $1.25B to oil refinery","author":"Kim Siever","date":"15 April 2020","format":false,"excerpt":"Did you know that Keystone XL isn\u2019t the only oil and gas project that the UCP government plans to spend over $1 billion on?","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/siever.ca\/kim\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/03\/oil-pump-jack-1407715_1920.jpg?fit=1200%2C927&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/03\/oil-pump-jack-1407715_1920.jpg?fit=1200%2C927&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/03\/oil-pump-jack-1407715_1920.jpg?fit=1200%2C927&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/03\/oil-pump-jack-1407715_1920.jpg?fit=1200%2C927&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/03\/oil-pump-jack-1407715_1920.jpg?fit=1200%2C927&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4810,"url":"https:\/\/siever.ca\/kim\/2020\/04\/23\/ab-finance-minister-approves-lending-ab-government-25-billion\/","url_meta":{"origin":4388,"position":1},"title":"AB finance minister approves lending AB government $25 billion","author":"Kim Siever","date":"23 April 2020","format":false,"excerpt":"The Alberta minister of finance was given the okay to lend the provincial government $25 billion, the largest approval during his term.","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/siever.ca\/kim\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/12\/money-2180330_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/12\/money-2180330_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/12\/money-2180330_1920.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/12\/money-2180330_1920.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/12\/money-2180330_1920.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4003,"url":"https:\/\/siever.ca\/kim\/2019\/11\/30\/tax-cuts-are-job-cuts-a-running-total\/","url_meta":{"origin":4388,"position":2},"title":"Tax cuts are job cuts: a running total","author":"Kim Siever","date":"30 November 2019","format":false,"excerpt":"In this article, I will keep a running total of the number of public sector job losses in Alberta.","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/siever.ca\/kim\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/11\/knife-316655_1280.jpg?fit=1200%2C794&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/11\/knife-316655_1280.jpg?fit=1200%2C794&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/11\/knife-316655_1280.jpg?fit=1200%2C794&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/11\/knife-316655_1280.jpg?fit=1200%2C794&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2019\/11\/knife-316655_1280.jpg?fit=1200%2C794&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4557,"url":"https:\/\/siever.ca\/kim\/2020\/04\/10\/alberta-lost-a-record-117000-jobs-in-march\/","url_meta":{"origin":4388,"position":3},"title":"Alberta lost a record 117,000 jobs in March","author":"Kim Siever","date":"10 April 2020","format":false,"excerpt":"The Alberta government released their March 2020 job numbers yesterday, and\u2014unsurprisingly\u2014they don\u2019t look good. Last month, Alberta lost over 117,000 jobs: 73,600 part-time jobs and 43,500 full-time jobs. Since Jason Kenney introduced his so-called Job Creation Tax Cut in July 2019, we\u2019ve had 4 months with drops in full-time jobs,\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/siever.ca\/kim\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/person-1821413_1920.jpg?fit=1200%2C801&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/person-1821413_1920.jpg?fit=1200%2C801&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/person-1821413_1920.jpg?fit=1200%2C801&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/person-1821413_1920.jpg?fit=1200%2C801&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/person-1821413_1920.jpg?fit=1200%2C801&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4592,"url":"https:\/\/siever.ca\/kim\/2020\/04\/13\/alberta-is-not-maintaining-education-spending\/","url_meta":{"origin":4388,"position":4},"title":"Alberta is not maintaining education spending","author":"Kim Siever","date":"13 April 2020","format":false,"excerpt":"The education minister is trying to suggest that Alberta is maintaining spending, assuaging fears that they\u2019re making spending cuts to education.","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/siever.ca\/kim\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/child-830988_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/child-830988_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/child-830988_1920.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/child-830988_1920.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/04\/child-830988_1920.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4237,"url":"https:\/\/siever.ca\/kim\/2020\/03\/06\/alberta-is-not-maintaining-healthcare-spending\/","url_meta":{"origin":4388,"position":5},"title":"Alberta is not maintaining healthcare spending","author":"Kim Siever","date":"6 March 2020","format":false,"excerpt":"The health minister is trying to suggest that Alberta is maintaining spending, assuaging fears that they\u2019re making spending cuts to healthcare.","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/siever.ca\/kim\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/02\/doctor-1149149_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/02\/doctor-1149149_1920.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/02\/doctor-1149149_1920.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/02\/doctor-1149149_1920.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/siever.ca\/kim\/wp-content\/uploads\/sites\/5\/2020\/02\/doctor-1149149_1920.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/posts\/4388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/comments?post=4388"}],"version-history":[{"count":5,"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/posts\/4388\/revisions"}],"predecessor-version":[{"id":4645,"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/posts\/4388\/revisions\/4645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/media\/4389"}],"wp:attachment":[{"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/media?parent=4388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/categories?post=4388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/siever.ca\/kim\/wp-json\/wp\/v2\/tags?post=4388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}