Alberta
Alberta: The fuel for global growth in 2025
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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
Open letter to Ottawa from Alberta strongly urging National Economic Corridor
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Canada’s wealth is based on its success as a trading nation. Canada is blessed with immense resources spread across a vast country. It has succeeded as a small, open economy with an enviable standard of living that has been able to provide what the world needs.
Canada has been stuck in a situation where it cannot complete nation‑building projects like the Canadian Pacific Railway that was completed in 1885, or the Trans Canada Highway that was completed in the 1960s. With the uncertainty of U.S. tariffs looming over our country and province, Canada needs to take bold action to revitalize the productivity and competitiveness of its economy – going east to west and not always relying on north-south trade. There’s no better time than right now to politically de-risk these projects.
A lack of leadership from the federal government has led to the following:
- Inadequate federal funding for trade infrastructure.
- A lack of investment is stifling the infrastructure capacity we need to diversify our exports. This is despite federally commissioned reports like the 2022 report by the National Supply Chain Task Force indicating the investment need will be trillions over the next 50 years.
- Federal red tape, like the Impact Assessment Act.
- Burdensome regulation has added major costs and significant delays to projects, like the Roberts Bank Terminal 2 project, a proposed container facility at Vancouver, which spent more than a decade under federal review.
- Opaque funding programs, like the National Trade Corridors Fund (NTCF).
- Which offers a pattern of unclear criteria for decisions and lack of response. This program has not funded any provincial highway projects in Alberta, despite the many applications put forward by the Government of Alberta. In fact, we’ve gone nearly 3 years without decisions on some project applications.
- Ineffective policies that limit economic activity.
- Measures that pit environmental and economic objectives in stark opposition to one another instead of seeking innovative win-win solutions hinder Canada’s overall productivity and investment climate. One example is the moratorium on shipping crude through northern B.C. waters, which effectively ended Enbridge’s Northern Gateway proposal and has limited Alberta’s ability to ship its oil to Asian markets.
In a federal leadership vacuum, Alberta has worked to advance economic corridors across Canada. In April 2023, Alberta, Saskatchewan and Manitoba signed an agreement to collaborate on joint infrastructure networks meant to boost trade and economic growth across the Prairies. Alberta also signed a similar economic corridor agreement with the Northwest Territories in July 2024. Additionally, Alberta would like to see an agreement among all 7 western provinces and territories, and eventually the entire country, to collaborate on economic corridors.
Through our collaboration with neighbouring jurisdictions, we will spur the development of economic corridors by reducing regulatory delays and attracting investment. We recognize the importance of working with Indigenous communities on the development of major infrastructure projects, which will be key to our success in these endeavours.
However, provinces and territories cannot do this alone. The federal government must play its part to advance our country’s economic corridors that we need from coast to coast to coast to support our economic future. It is time for immediate action.
Alberta recommends the federal government take the following steps to strengthen Canada’s economic corridors and supply chains by:
- Creating an Economic Corridor Agency to identify and maintain economic corridors across provincial boundaries, with meaningful consultation with both Indigenous groups and industry.
- Increasing federal funding for trade-enabling infrastructure, such as roads, rail, ports, in-land ports, airports and more.
- Streamlining regulations regarding trade-related infrastructure and interprovincial trade, especially within economic corridors. This would include repealing or amending the Impact Assessment Act and other legislation to remove the uncertainty and ensure regulatory provisions are proportionate to the specific risk of the project.
- Adjusting the policy levers that that support productivity and competitiveness. This would include revisiting how the federal government supports airports, especially in the less-populated regions of Canada.
To move forward expeditiously on the items above, I propose the establishment of a federal/provincial/territorial working group. This working group would be tasked with creating a common position on addressing the economic threats facing Canada, and the need for mitigating trade and trade-enabling infrastructure. The group should identify appropriate governance to ensure these items are presented in a timely fashion by relative priority and urgency.
Alberta will continue to be proactive and tackle trade issues within its own jurisdiction. From collaborative memorandums of understanding with the Prairies and the North, to reducing interprovincial trade barriers, to fostering innovative partnerships with Indigenous groups, Alberta is working within its jurisdiction, much like its provincial and territorial colleagues.
We ask the federal government to join us in a new approach to infrastructure development that ensures Canada is productive and competitive for generations to come and generates the wealth that ensures our quality of life is second to none.
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Devin Dreeshen
Devin Dreeshen was sworn in as Minister of Transportation and Economic Corridors on October 24, 2022.
Alberta
Premier Smith and Health Mininster LaGrange react to AHS allegations
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Alberta Premier Danielle Smith and Health Minister Adriana LaGrange respond to allegations of political interference in the issuing of health-care contracts.
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