Alberta
Alberta Budget 2024 – Communities, Resource Development, Natural disasters, and Policing,
Budget 2024: Investing in safe, welcoming communities
Budget 2024 is a responsible plan that keeps Alberta communities safe and secure.
Budget 2024 protects the environment and safeguards communities and the economy from challenges like wildfires, floods and drought.
“We have a responsible plan that will help protect Albertans and their communities from situations like natural disasters. Ensuring Alberta can continue on its path of growth and prosperity was at top of mind developing Budget 2024.”
Budget 2024 highlights – responsible resource management
Last summer’s wildfires, floods and drought conditions affected many parts of Alberta. Budget 2024 protects Albertans and their communities through major investments in wildfire prevention and firefighting services, flood and drought mitigation projects. This includes:
- $251 million in capital funding over three years for flood and drought mitigation projects to protect Albertans, properties and businesses.
- $539 million in capital funding over three years for municipal and regional water and wastewater projects, including the Water for Life strategy.
- $151 million in additional operating dollars over the next three years to improve Alberta’s wildfire response readiness, enhance night operations, support volunteer and community wildfire response programs, provide additional airtanker support and provide additional resources to fight wildfires.
- $55 million in capital funding over three years to upgrade or purchase new wildfire fighting equipment and facilities.
- $19 million to create a modern, 21st century water strategy to increase water availability through water storage projects, conservation, data systems and stronger water policies.
- $418 million in capital funding over three years for infrastructure projects to manage water, including:
- $262 million for irrigation projects to support farmers and agriculture producers.
- $147 million for water infrastructure projects to ensure necessary irrigation water supply throughout the province.
- $10 million for feasibility studies to explore options for water storage in the Waterton, Belly and St. Mary basins, and Ardley.
“We are preparing for the 2024 wildfire season by investing in prevention, response and mitigation programming. These investments will directly equip Alberta’s wildland firefighters with the tools they need to help keep Albertans and their communities safe.”
“We are making critical investments to protect, conserve and maximize water in Alberta. These measures will help keep communities safe during emergencies while keeping families in their homes and businesses open during droughts and floods.”
“As we face what may be another tough year for Alberta’s agriculture industry, Budget 2024 is looking to the future to see where new water projects are possible while ensuring our existing infrastructure continues to be well-maintained to provide water security for Albertans.”
Budget 2024 highlights – community safety
Albertans deserve to feel safe in their communities, whether they are at their homes, studying at school or commuting to work. Budget 2024 helps promote a safe environment so Albertans feel secure, welcomed and valued through:
- $49 million in capital funding over three years to better support first responders and sheriffs by providing them with the equipment and facilities they need to protect Albertans.
- $10 million in 2024-25 to support 100 police officers deployed to high-crime areas in Calgary and Edmonton through the Safe Streets Action Plan.
- $8 million in community-based grants to continue addressing crime prevention, community safety and hate crimes.
- $85 million in operating expense to the Prevention of Family and Sexual Violence program, an increase of $5 million from the 2023-24 budget, to support victims and women at risk of assault.
Alberta’s government is also working closely with municipalities, Indigenous leaders and first responders so vulnerable people have access to shelter and housing, health care and recovery-oriented services.
“Albertans have a right to feel safe working and living in their communities, and this budget makes sure we can put the right resources in place to ensure public safety across this province. Additional investments to improve public safety – including supports for police and investments to strengthen Alberta’s response during a disaster – will help meet urgent needs while we lay the groundwork to deliver other public safety priorities over the next three years.”
Budget 2024 is a responsible plan to strengthen health care and education, build safe and supportive communities, manage the province’s resources wisely and promote job creation to continue to build Alberta’s competitive advantage.
Premier Danielle Smith issued the following statement on the April 2, 2025 U.S. tariff announcement:
“Today was an important win for Canada and Alberta, as it appears the United States has decided to uphold the majority of the free trade agreement (CUSMA) between our two nations. It also appears this will continue to be the case until after the Canadian federal election has concluded and the newly elected Canadian government is able to renegotiate CUSMA with the U.S. administration.
“This is precisely what I have been advocating for from the U.S. administration for months.
“It means that the majority of goods sold into the United States from Canada will have no tariffs applied to them, including zero per cent tariffs on energy, minerals, agricultural products, uranium, seafood, potash and host of other Canadian goods.
“There is still work to be done, of course. Unfortunately, tariffs previously announced by the United States on Canadian automobiles, steel and aluminum have not been removed. The efforts of premiers and the federal government should therefore shift towards removing or significantly reducing these remaining tariffs as we go forward and ensuring affected workers across Canada are generously supported until the situation is resolved.
“I again call on all involved in our national advocacy efforts to focus on diplomacy and persuasion while avoiding unnecessary escalation. Clearly, this strategy has been the most effective to this point.
“As it appears the worst of this tariff dispute is behind us (though there is still work to be done), it is my sincere hope that we, as Canadians, can abandon the disastrous policies that have made Canada vulnerable to and overly dependent on the United States, fast-track national resource corridors, get out of the way of provincial resource development and turn our country into an independent economic juggernaut and energy superpower.”
From the Fraser Institute
By any measure, Alberta is an energy powerhouse—within Canada, but also on a global scale. In 2023, it produced 85 per cent of Canada’s oil and three-fifths of the country’s natural gas. Most of Canada’s oil reserves are in Alberta, along with a majority of natural gas reserves. Alberta is the beating heart of the Canadian energy economy. And energy, in turn, accounts for one-quarter of Canada’s international exports.
Consider some key facts about the province’s energy landscape, as noted in the Alberta Energy Regulator’s (AER) 2023 annual report. Oil and natural gas production continued to rise (on a volume basis) in 2023, on the heels of steady increases over the preceding half decade. However, the dollar value of Alberta’s oil and gas production fell in 2023, as the surging prices recorded in 2022 following Russia’s invasion of Ukraine retreated. Capital spending in the province’s energy sector reached $30 billion in 2023, making it the leading driver of private-sector investment. And completion of the Trans Mountain pipeline expansion project has opened new offshore export avenues for Canada’s oil industry and should boost Alberta’s energy production and exports going forward.
In a world striving to address climate change, Alberta’s hydrocarbon-heavy energy sector faces challenges. At some point, the world may start to consume less oil and, later, less natural gas (in absolute terms). But such “peak” consumption hasn’t arrived yet, nor does it appear imminent. While the demand for certain refined petroleum products is trending down in some advanced economies, particularly in Europe, we should take a broader global perspective when assessing energy demand and supply trends.
Looking at the worldwide picture, Goldman Sachs’ 2024 global energy forecast predicts that “oil usage will increase through 2034” thanks to strong demand in emerging markets and growing production of petrochemicals that depend on oil as the principal feedstock. Global demand for natural gas (including LNG) will also continue to increase, particularly since natural gas is the least carbon-intensive fossil fuel and more of it is being traded in the form of liquefied natural gas (LNG).
Against this backdrop, there are reasons to be optimistic about the prospects for Alberta’s energy sector, particularly if the federal government dials back some of the economically destructive energy and climate policies adopted by the last government. According to the AER’s “base case” forecast, overall energy output will expand over the next 10 years. Oilsands output is projected to grow modestly; natural gas production will also rise, in part due to greater demand for Alberta’s upstream gas from LNG operators in British Columbia.
The AER’s forecast also points to a positive trajectory for capital spending across the province’s energy sector. The agency sees annual investment rising from almost $30 billion to $40 billion by 2033. Most of this takes place in the oil and gas industry, but “emerging” energy resources and projects aimed at climate mitigation are expected to represent a bigger slice of energy-related capital spending going forward.
Like many other oil and gas producing jurisdictions, Alberta must navigate the bumpy journey to a lower-carbon future. But the world is set to remain dependent on fossil fuels for decades to come. This suggests the energy sector will continue to underpin not only the Alberta economy but also Canada’s export portfolio for the foreseeable future.
Jock Finlayson
Senior Fellow, Fraser Institute
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