Alberta
Alberta Government looking for refinery partners
Premier Notley greets members of the Building Trades of Alberta while announcing a new Expression of Interest for refining in the province.
From the Province of Alberta
Premier seeking industry interest in oil refining
https://www.youtube.com/watch?v=6KrzHECxTPU&feature=youtu.be
In response to strong industry encouragement, Alberta is taking action to explore interest from the private sector in building a new oil refinery in the province.
As part of a made-in-Alberta strategy to get more value for our energy resources, Premier Rachel Notley announced the government is issuing a Request for Expression of Interest to determine business cases for investing in a new refinery in Alberta or tied to Alberta production.
“For decades, Albertans have been talking about getting more value for our oil here at home. So let’s stop the talk, end the decades of dreaming and start making more of the products the world needs here at home. It’s time to grab the bull by the horns and to do more refining and upgrading that adds value and creates jobs here. The future is coming and it will be made in Alberta.”
Building a new refinery would create good-paying, long-term jobs for Albertans. New refining capacity would also help lower the oil price differential over the long term, protecting the province from a lack of capacity to export oil, and making sure we get full value for the energy resources owned by all Albertans.
“Large industrial value-add energy investments help provide economic resilience and diversification, and create highly skilled, well-paying jobs for decades. Alberta has abundant feedstock, skilled labour and the ability to refine our resources to high-value products the world needs. There is significant international competition for these projects and for Alberta to compete, government and industry must work together. We commend the government’s focus on ensuring that the value of Alberta’s resources stays with Albertans.”
“Building Trades of Alberta has always believed you should refine it where you mine it. By doing that, you maximize the value of our resources for the people of Alberta, while creating good jobs for skilled trades workers in our province. We thank the government for exploring new options for refining and upgrading here in Alberta.”
“The work of the Energy Diversification Advisory Committee was focused on securing Alberta’s future in a more diversified oil and gas sector. It’s good to see another action that builds on Alberta’s strengths, including a highly skilled workforce and world-class resources. This is another sign the government is focused on made-in-Alberta solutions to ensure Alberta’s energy economy is built to last.”
Projects must have a strong return on investment for Albertans. Any proposed facility will consume Alberta-produced oil feedstock and produce marketable refined products.
The government will consider interest in new greenfield investments or an expansion of facilities at an existing brownfield site. Submissions will be accepted until Feb. 8, 2019, with the results helping inform next steps that may include issuing a Request for Proposals to construct a new refinery.
Companies will be required to submit their engineering design and technical feasibility, project timing and execution plan, plans for sales points and transportation to market, participation of Indigenous communities, expected environmental performance, financing to complete the project, and identification and estimates of revenues to benefit Albertans.
Expressions of Interest have been used in the past to obtain industry and public suggestions on major projects and how the government can utilize existing interest to maximize the value for Albertans.
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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