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Stock impact report

Danielle Smith's attack on clean power is an attack on free enterprise [Globe and Mail, The (Toronto, Canada)]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
But throughout Alberta's southern expanses – as anyone who lives there or has visited can attest – there's a lot of sunshine and a lot of wind . These natural resources are part of the reason Alberta last year attracted almost all of the private capital invested in solar and wind power in Canada. Potential resources aren't enough. Alberta is also well known – usually – for its business-orientated culture that rewards taking risks. In the late 1940s, Imperial Oil drilled a series of 133 wells. All of them came up empty. Then, near Edmonton, a gusher erupted at Leduc No. 1, launching Alberta's oil industry. What helped launch solar and wind power in Alberta was the province's electricity market, unique in Canada, where sellers of power can strike deals directly with buyers. This propelled renewable power, including in 2021 when Amazon agreed to buy the majority of the power from what would become the country's largest solar farm. That underpinned Amazon's plans to invest more than $ Show less Read more
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