Alberta Willing to Take $7 Billion Alsands Risk, Lougheed Says
Premier Peter Lougheed stated Alberta will assume more than seven billion dollars in the Alsands project and offer 25 percent equity, plus loan guarantees totalling about 34 percent. The federal government matches the offer, limiting upfront capital to 2.4 billion for the Shell Explorer Gulf Canada consortium. The plan includes a staged equity draw from a trust fund over six years and complicates ownership to at least 50 percent for the consortium.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Peter Lougheed
Lougheed
Shell Explorer-Gulf Canada
Aslands
Toronto
Shell Explorer
Gulf
Petrocan
Federal Crown Corporation
Alberta and federal loan guarantees for oil project deal
Alberta and the federal government would each back 34 percent of private sector preproduction expenditures for an oil project. Loans would not require interest or principal repayments until first production around 1988. Royalty and tax terms favor the private sector and the government would later collect royalties and taxes as production proceeds.
MENTIONED IN THIS ARTICLE
Alberta
Lougheed
Argentina backs UN resolution on Falklands crisis
Argentine Foreign Minister Nicanor Costa Mendez stated Buenos Aires will comply with the UN Security Council resolution and seeks a diplomatic settlement. He rejected Haig's claim that peace proposals were refused and reiterated openness to talks after 17 years. Britain imposes total blockade. U S suspends military exports and backs Britain as Haig warns of a dangerous phase.
MENTIONED IN THIS ARTICLE
United Nations
Reuter
Nicanor Costa Mendez
Security Council
Falklands
U.S
Alexander Haig
Haig
Buenos Aires
Costa Mendez
Argentina
Javier Perez de Cuellar
Peru
Britain
Falkland Islands
United States
Washington
South Atlantic
Commodity Credit Corporation
London Daily Mail
Reagan
Defence Ministry
London
Finland decries 0-0 Soviet Czechoslovakia hockey draw
Finnish media condemn the world hockey tour finale as fixed to deny Canada a silver medal. The 0-0 game drew only the first major international goalless result since 1948. Viktor Tikonov rejected fixed-play claims, citing motivational difficulties after Soviet gold was secured.
MENTIONED IN THIS ARTICLE
Helsinki
AFP
Soviet Union
Czechoslovakia
Canada
St. Moritz
Switzerland
Viktor Tikonov
Helsingin Sanomat
Uusi Suomi
Oil deal risky: Notley criticizes Alberta concessions
Edmonton NDP leader Grant Notley warns the Allands consortium deal could cost Alberta more than 7 billion dollars with a 14 billion project. He says the government shoulders risk while benefits delay 18 years, oil price projections may miss, and small businesses would lose loan relief. Opposition Leader Ray Speaker condemns concessions as too late.
MENTIONED IN THIS ARTICLE
Alberta
Notley
NDP
Ray Speaker
Sellout claimed in Allands project talk
The Western Canada Concept labels the saving plan for the Allands project a sellout before details are set. The note appears on page 3 in a brief item. Also mentioned is a mysterious radio communications blank hindering Ocean Ranger crew details before their loss in the North Atlantic.
MENTIONED IN THIS ARTICLE
Allands
Western Canada
Ocean Ranger
North Atlantic
Islanders
New York Islanders
Quebec
Chicago Black Hawks
Canucks
Alberta Doctors face possible ban on emergency ward extra billing
Alberta physicians council to discuss restricting extra billing in emergency wards amid complaints under the Health Care Insurance Act. Health groups cite Medicine Hat and other hospitals while Ottawa investigators assess illegal price fixing.
MENTIONED IN THIS ARTICLE
Medicine Hat and District
Alberta
Alberta College of Physicians and Surgeons
Roy Leriche
Consumers’ Association of Canada
Medicine Hat
Ottawa
Combines Investigation
Edmonton
Consumers’ Association
Leriche
Medicine Hat News
Council
Leo Hill
Medicine Hat and District Hospital
Hill
Also Mentioned on This Page
Alsands
Canada Council
Timothy Porteous
Allands Consortium
Butterfly
Pia Zadora
Comodoro Rivadavia
Argen
Vancouver
Arthur Erickson
Trudeau
Bill Sass
Grant Notley
Grace A
Ann Landers
Bill Sass Saas
Charles Lynch
Seema Ma
Don McGillivray
Entertainment
Jim Coleman Peeve
John Walker
Jovices
Pete Massey
Ward Billing
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