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About Braid

Braid develops a shared financial account service that helps users pool money, send requests, assign access controls, and utilize associated debit cards.

Braid Headquarter Location

1625 North Market Blvd. Suite N 112

Sacramento, California, 95834,

United States


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Braid: Alberta's anti-energy inquiry an exercise in futility

Feb 3, 2021

Proving foreign money helped some anti-energy campaigns won't make a difference to anything. Author of the article: Feb 02, 2021  •  2 hours ago  •  3 minute read The inquiry, headed by forensic accountant Steve Allan, into the funding of oil and gas critics has been extended again. JimWells/Postmedia Article Sidebar Article content In the long history of Alberta public inquiries, a true classic has to be this judicial probe from 1975: “Inquiry Made into Matters Concerning a Grant or Sale of Bull Semen to the Government of Brazil between the 1st Day of January, 1973, and the 28th day of May, 1975.” Don’t laugh. Try refreshing your browser, or Braid: Alberta's anti-energy inquiry an exercise in futility Back to video OK, laugh. But this was a serious issue touching on a deputy agriculture minister’s alleged benefit from such a sale. The Brazilians didn’t want just any bull semen. They demanded it from a particular bull named Aron, resident in Cardston. The inquiry judge scolded the agriculture minister for poor judgment in allowing his deputy to go on a sales trip. The official himself, Dr. Glen Purnell, was fired. Rarely will I use bull semen to make a point. But it’s this: That odd inquiry was beneficial to Alberta. It found impropriety and called out a minister, the legendary Hugh “Doc” Horner, who was premier Peter Lougheed’s powerful rural lieutenant. Advertisement Article content continued The government was humbled by its own inquiry. Imagine that today. By extreme contrast, we have the public inquiry into funding of “anti-Alberta energy campaigns,” which is of absolutely no benefit to Alberta. Led by forensic accountant Steve Allan, with its final report now delayed until the end of May, the inquiry is supposed to root out campaigns paid for by foreign interests striving to shut down the oilsands and Alberta oil production in general. But the inquiry has become the target for the anti-industry forces it’s supposed to be investigating. They use it to paint Alberta as the bully rather than the victim. Has foreign money helped some anti-energy campaigns? Nearly everybody believes that, including both outraged Albertans and the people who hope for some of the funding. Proving this common belief won’t make a difference to anything. If the inquiry fails to find evidence, though, that’s a problem. Hyena laughs from one end of the land to the other. And there’s another thing: The inquiry itself is arguably a misuse of the Public Inquiries Act. This legislation mandates investigations “connected with the good government of Alberta, or the conduct of the public business of Alberta.” Also, an inquiry should look into matters “within the jurisdiction of the legislature.” There is scope for wider use in “a matter of public concern.” But the act clearly intends this powerful investigative tool for internal Alberta matters relating to government. Advertisement Article content continued The funding inquiry doesn’t fit any such definition. By its very name it deals with “foreign” activities, not domestic ones. It’s in no way related to government performance or the legislature’s purview. There have been useful public inquires into health care and, most sadly, the 1998 shooting deaths of an Indigenous boy, Ty Jacobs, 9, and his mother Constance by an RCMP constable on Tsuut’ina land. “A modern day tragedy,” the inquiry justice declared it. The report is heart-wrenching reading to this day. That inquiry benefited Alberta. It led to 18 recommendations and began Alberta’s long journey into the age of reconciliation. This funding inquiry hurts Alberta, whether it’s legitimate or not. Mary Moran, CEO of Calgary Economic Development, says polling shows that only 44 per cent of Canadians think the city is anything but a one-horse town. The city’s image for diversification is actually stronger outside the country. That’s the problem we need to be working on. The constant pursuit of retribution only exaggerates it. On May 5, 2018, then-opposition Leader Jason Kenney told a huge UCP audience in Red Deer he was going to fight back furiously against hostility to oil and gas. He promised a “war room” (another story, later). But even though he lashed out at many enemies, he did not actually mention a public inquiry. Rather, he promised “a special legislature committee investigation into the sources of foreign funds behind the anti-Alberta special interests.” The escalation to a full-scale public inquiry with judicial powers came later. It was a terrible mistake. Don Braid’s column appears regularly in the Herald Share this Story: Braid: Alberta's anti-energy inquiry an exercise in futility Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc. Email Address There was an error, please provide a valid email address. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it please check your junk folder. 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CB Insights Intelligence Analysts have mentioned Braid in 1 CB Insights research brief, most recently on Mar 3, 2021.

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Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.

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