Alberta
Alberta: The fuel for global growth in 2025
By Patrick Malkin
In an era defined by economic volatility and political strife, Alberta stands out as a beacon of success, outpacing many areas of North America in growth and innovation. The province’s achievements can be attributed to a combination of prudent governance, resource management, and a commitment to diversification that positions it as a model for other regions.
At the heart of Alberta’s success is its robust economy, driven primarily by its abundant natural resources. The province is rich in oil, gas, and minerals, which have historically fueled its growth. However, what sets Alberta apart is its ability to adapt and evolve. Unlike many resource-dependent regions, Alberta has not rested on its laurels. Instead, it has invested in technology and innovation to enhance its energy sector’s efficiency and sustainability. Initiatives aimed at carbon emissions and promoting innovative energy are gaining traction, demonstrating that Alberta is not merely a fossil fuel powerhouse but a forward-thinking leader, and breadbasket for energy in North America.
Alberta is addressing growing global energy needs by leveraging AI adoption, fueling a robust expansion our energy sector and taking the lead in a new era of energy innovation which could produce worldwide benefits.
The Danielle Smith government has embraced fiscal responsibility and business-friendly policies that attract investment. By maintaining competitive tax rates and fostering a regulatory environment that encourages entrepreneurship, the province has become a magnet for both domestic and international businesses. This strategic approach leads to job creation and economic resilience, even in the face of global downturns. While other regions grapple with increased unemployment and stagnant growth, Alberta’s job market shows strength, reflecting the effectiveness of its policies.
Education and workforce development also play pivotal roles in Alberta’s success story. The province has invested heavily in education and skills training, ensuring that its workforce is equipped to meet the demands of a rapidly changing economy. With a focus on STEM (science, technology, engineering, and mathematics) fields, Alberta is cultivating a generation of innovators and problem solvers who will drive the next wave of economic growth. This commitment to human capital development is a crucial differentiator, setting Alberta apart from regions that have neglected investment in education.
Alberta’s diverse economy is another factor contributing to its success. While the energy sector remains vital, the province has successfully expanded into agriculture, technology, tourism, and manufacturing. This diversification mitigates the risks associated with reliance on a single industry and enhances overall economic stability. As the global economy shifts, Alberta’s varied economic landscape positions it to adapt more readily to change than regions heavily reliant on an individual sector.
Political stability and effective governance cannot be overlooked. Alberta’s leadership under Smith, has prioritized transparency and accountability, fostering public trust and engagement. By listening to the needs of its constituents and responding with effective policy solutions, the government has cultivated a sense of unity and purpose that resonates with Albertans. This contrasts sharply with the polarization seen in other parts of North America, where political gridlock can stifle progress.
Alberta’s success is not merely a product of its natural resources; it is the result of strategic planning, investment in human capital, and a commitment to innovation and diversification. As other regions struggle with economic challenges and levels of economic instability, Alberta serves as a shining example of what can be achieved through sound governance and forward-thinking policies. As we move further into the 21st century, the lessons learned from Alberta’s remarkable rise may hold the key to unlocking potential in other regions, reminding us that success is not merely about resources but about how we choose to leverage them for the greater good.
Patrick Malkin
Deputy Chief of Staff for Operations
Province of Alberta
@MalkinPcos on X
Alberta’s government has announced new steps to meaningfully act on the province’s ownership of its oil and gas resources and maximize resource revenue.
Alberta’s government will now collect bitumen royalties in-kind (BRIK) in addition to conventional royalties in-kind (CORIK), allowing the province to obtain the top price for oil resources and positioning Alberta as a potentially significant player in the global oil market.
The Alberta Petroleum Marketing Commission (APMC), Alberta’s commercial oil and gas agency, will now be able to combine conventional and bitumen royalty barrels to bring to market significant petroleum volumes that will spur private sector investments. This will give government the ability to seek new deals on Alberta’s energy resources internationally, making the province one of the largest global heavy oil market players and maximizing the return for Albertans.
On March 10, 2025, Premier Danielle Smith met with a global oil and petrochemical multinational to discuss a first-of-its-kind potential transaction that would see the overseas transport and sale of approximately two million barrels per month of Government of Alberta owned heavy oil via the APMC.
“This program gives the province greater say in where we sell our oil. Receiving bitumen royalties in-kind is another tool in our investment toolbox and will give us the opportunity to maximize our resource potential, become one of the most significant players in the heavy oil market and garner more value for Albertans.”
“Alberta and Canada have benefited greatly from the innovation and investment of our partners, the companies driving our energy industry. This move will allow us to promote increased pipeline capacity and grow our global markets, which is good for Albertans, for industry, and for global energy security.”
Given the significant volume of conventional and bitumen royalty barrels that will become available over time, the APMC will seek agreements with other jurisdictions and industry players to ensure Albertans benefit to the greatest extent possible from the ownership of their natural resources. This will help improve and diversify markets. The transportation of these barrels will help incentivize pipeline capacity growth in support of Alberta’s aspiration to double its oil and gas production.
“APMC will work diligently to seek commercially prudent deals that make sense for Albertans and the Alberta energy industry. The opportunity exists to find transactions that will directly and indirectly secure extra value for Albertans, and the experienced team at APMC is committed to doing just that.”
Faced with uncertainty around trade and security, Alberta’s government remains focused on diplomacy and continuing to build a resilient and diversified economy that is better positioned to withstand external shocks and ensure long-term prosperity.
Alberta
Former Chief Judge of Manitoba Proincial Court will lead investigation into AHS procurement process
Deputy Minister of Jobs, Economy and Trade Christopher McPherson has issued the following statement on an independent third-party investigation into procurement and contracting processes used by the Government of Alberta and Alberta Health Services (AHS):
Deputy Minister of Jobs, Economy and Trade Christopher McPherson has issued the following statement on an independent third-party investigation into procurement and contracting processes used by the Government of Alberta and Alberta Health Services (AHS):
“While serving as Acting Deputy Minister of Executive Council, Premier Danielle Smith asked me to establish a credible, independent, third-party investigation into the procurement processes used by the Government of Alberta and AHS and their outcomes.
“I have informed Premier Smith that the Honourable Raymond E. Wyant, former Chief Judge of the Provincial Court of Manitoba, will lead this investigation. I asked Premier Smith to issue a ministerial order to facilitate his work and she has done so. Judge Wyant’s work on this matter begins immediately.
“Judge Wyant was appointed to the Manitoba bench in 1998 before becoming Chief Judge in 2002. Prior to his service on the bench, Judge Wyant worked as a criminal defence lawyer and Crown attorney and was acting deputy director of Manitoba prosecutions at the time of his appointment to the Bench. He has also taught law for many years at Robson Hall at the University of Manitoba.
“Judge Wyant will review the relevant legislation, regulations and policies related to procurement typically used by Government of Alberta departments and agencies, specifically AHS, and their application to the procurement of pharmaceuticals and to services offered by chartered surgical facilities. Questions that Judge Wyant will consider are outlined in the attached terms of reference, and include whether or not any elected official, Government of Alberta or AHS employee, or other individuals, acted improperly during the procurement processes. Judge Wyant will make recommendations to the government for improvement or further action as appropriate.
“Appointed under the Government Organization Act, Judge Wyant will operate independently of government. The Government of Alberta will provide Judge Wyant with access to all relevant documents held by its departments and AHS, as well as facilitate interviews with relevant individuals.
“Judge Wyant has been given a budget of $500,000 to undertake this important work, including to retain legal and audit assistance at his discretion. He is being paid $31,900 per month, which is the same remuneration rate as the Chief Justice of the Alberta Court of Justice.
“To ensure additional independence, Service Alberta and Red Tape Reduction will hold the budget for this third-party investigation.
“Judge Wyant will deliver an interim written report by May 30, 2025. A final written report and recommendations will be delivered by June 30, 2025, and it will be posted on alberta.ca.”
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