Alberta
Canadian Energy Centre launches with mandate to promote Canadian energy
https://www.youtube.com/watch?v=Z2_AsaHmwKA
From the Canadian Energy Centre
The Canadian Energy Centre (CEC) starts operations today with a mandate to promote Canada as the supplier of choice for the world’s growing demand for responsibly produced energy.
In the coming weeks, the website canadianenergycentre.ca will share with the rest of the world the true story of Canada’s energy sector. It will push back against incorrect narratives and begin to respond to the lies and myths targeting Alberta in real time.
The CEC has three units that will work together to tell Canada’s energy story:
- A rapid response unit to issue swift responses to misinformation about Canadian oil and natural gas.
- A pro-active energy literacy unit that creates original content to elevate the general understanding of Canada’s energy sector and help the country take control of its energy story.
- A data and research unit that centralizes and analyses data targeting investors, researchers, and policy makers.
Tom Olsen, Chief Executive Officer, said the CEC will offer a fact-based narrative to reflect a truthful picture of the existing and future energy mix of fossil fuels, renewables, and other forms of energy.
“Demand for oil and gas will increase for decades to come. Canada, with its world-leading, environmental, social and governance standards, should be the first choice for consumers around the world. We will no longer apologize for our industry or be ashamed of our industry. Canadian energy makes the world a better place.”
“The Canadian Energy Centre is a key part of Alberta’s new, proactive strategy to tell the truth about our responsibly produced resources. Alberta has been a great motor of jobs, prosperity, and social progress because of our natural resources, and increasingly we are world leaders in technology that reduces the environmental output of our oil and gas,” said Alberta Premier Jason Kenney. “We will no longer passively accept a campaign of defamation seeking to landlock one of Canada’s greatest assets.”
“Today is an important milestone in our efforts to set the record straight and tell the true story of Canadian energy,” said Alberta Energy Minister Sonya Savage. “The narratives about Canada’s energy sector are simply untrue and unacceptable. Our energy sector operates with the highest environmental, social and governance standards in the world.”
The Canadian Energy Centre will also feature a mix of stories to re-introduce Canada’s energy sector and lead advertising campaigns throughout key markets in Canada. As of today, a number of narrative stories have already been published to the CEC’s website including:
- “Canada’s natural resources can be global catalyst for a greener future”
- “Indigenous leaders bring energy message to Japan”
- “Fossil fuel misinformation presented to students in Alberta”
- “Prosthetics derived from petrochemicals allow athletes to stay in the game”
The CEC is an independent provincial corporation that has a $30-million annual budget — $20 million derived from industry through the Technology, Innovation and Emissions Reduction (TIER) fund, $10 million re-purposed from advertising spending earmarked by the previous provincial government.
Follow the Canadian Energy Centre on Twitter and Facebook @CDNEnergyCentre
Alberta maintains a balanced budget while ensuring pressures from population growth are being addressed.
Alberta faces rising risks, including ongoing resource volatility, geopolitical instability and rising pressures at home. With more than 450,000 people moving to Alberta in the last three years, the province has allocated hundreds of millions of dollars to address these pressures and ensure Albertans continue to be supported. Alberta’s government is determined to make every dollar go further with targeted and responsible spending on the priorities of Albertans.
The province is forecasting a $4.6 billion surplus at the end of 2024-25, up from the $2.9 billion first quarter forecast and $355 million from budget, due mainly to higher revenue from personal income taxes and non-renewable resources.
Given the current significant uncertainty in global geopolitics and energy markets, Alberta’s government must continue to make prudent choices to meet its responsibilities, including ongoing bargaining for thousands of public sector workers, fast-tracking school construction, cutting personal income taxes and ensuring Alberta’s surging population has access to high-quality health care, education and other public services.
“These are challenging times, but I believe Alberta is up to the challenge. By being intentional with every dollar, we can boost our prosperity and quality of life now and in the future.”
Midway through 2024-25, the province has stepped up to boost support to Albertans this fiscal year through key investments, including:
- $716 million to Health for physician compensation incentives and to help Alberta Health Services provide services to a growing and aging population.
- $125 million to address enrollment growth pressures in Alberta schools.
- $847 million for disaster and emergency assistance, including:
- $647 million to fight the Jasper wildfires
- $163 million for the Wildfire Disaster Recovery Program
- $5 million to support the municipality of Jasper (half to help with tourism recovery)
- $12 million to match donations to the Canadian Red Cross
- $20 million for emergency evacuation payments to evacuees in communities impacted by wildfires
- $240 million more for Seniors, Community and Social Services to support social support programs.
Looking forward, the province has adjusted its forecast for the price of oil to US$74 per barrel of West Texas Intermediate. It expects to earn more for its crude oil, with a narrowing of the light-heavy differential around US$14 per barrel, higher demand for heavier crude grades and a growing export capacity through the Trans Mountain pipeline. Despite these changes, Alberta still risks running a deficit in the coming fiscal year should oil prices continue to drop below $70 per barrel.
After a 4.4 per cent surge in the 2024 census year, Alberta’s population growth is expected to slow to 2.5 per cent in 2025, lower than the first quarter forecast of 3.2 per cent growth because of reduced immigration and non-permanent residents targets by the federal government.
Revenue
Revenue for 2024-25 is forecast at $77.9 billion, an increase of $4.4 billion from Budget 2024, including:
- $16.6 billion forecast from personal income taxes, up from $15.6 billion at budget.
- $20.3 billion forecast from non-renewable resource revenue, up from $17.3 billion at budget.
Expense
Expense for 2024-25 is forecast at $73.3 billion, an increase of $143 million from Budget 2024.
Surplus cash
After calculations and adjustments, $2.9 billion in surplus cash is forecast.
- $1.4 billion or half will pay debt coming due.
- The other half, or $1.4 billion, will be put into the Alberta Fund, which can be spent on further debt repayment, deposited into the Alberta Heritage Savings Trust Fund and/or spent on one-time initiatives.
Contingency
Of the $2 billion contingency included in Budget 2024, a preliminary allocation of $1.7 billion is forecast.
Alberta Heritage Savings Trust Fund
The Alberta Heritage Savings Trust Fund grew in the second quarter to a market value of $24.3 billion as of Sept. 30, 2024, up from $23.4 billion at the end of the first quarter.
- The fund earned a 3.7 per cent return from July to September with a net investment income of $616 million, up from the 2.1 per cent return during the first quarter.
Debt
Taxpayer-supported debt is forecast at $84 billion as of March 31, 2025, $3.8 billion less than estimated in the budget because the higher surplus has lowered borrowing requirements.
- Debt servicing costs are forecast at $3.2 billion, down $216 million from budget.
Related information
From LifeSiteNews
Alberta announced it ‘is reviewing how MAID is regulated to ensure there is a consistent process as well as oversight that protects vulnerable Albertans, specifically those living with disabilities or suffering from mental health challenges.’
The Conservative provincial government of Alberta is pushing back against the Canadian federal government’s continued desire to expand euthanasia in the nation, saying it will launch a review of the legislation and policies surrounding the grim practice, including a period of public engagement.
The United Conservative Party (UCP) government under Premier Danielle Smith in a press release said the province needs to make sure that robust safeguards and procedures are in place to protect vulnerable people from being coerced into getting euthanatized under the MAiD (Medical Assistance in Dying) program.
“Alberta’s government is reviewing how MAID is regulated to ensure there is a consistent process as well as oversight that protects vulnerable Albertans, specifically those living with disabilities or suffering from mental health challenges,” said the government Monday.
The government said a online survey regarding MAiD open to all Albertans who have opinions about the deadly practice will be available until December 20.
“We recognize that medical assistance in dying is a very complex and often personal issue and is an important, sensitive and emotional matter for patients and their families,” said Alberta’s Minister of Justice and Attorney General Mickey Amery.
Amery said it is important to ensure this process has the “necessary supports to protect the most vulnerable.”
The government said that it will also be engaging with academics, medical associations, public bodies, as well as religious organizations and “regulatory bodies, advocacy groups” regarding MAiD
The government said all information gathered through this consultation will “help inform the Alberta government’s planning and policy decision making, including potential legislative changes regarding MAID in Alberta.”
When it comes to MAiD, Prime Minister Justin Trudeau’s Liberal government sought to expand it from the chronically and terminally ill to those suffering solely from mental illness.
However, in February, after pushback from pro-life, medical, and mental health groups as well as most of Canada’s provinces, the federal government delayed the mental illness expansion until 2027.
Alberta’s Minister of Mental Health and Addiction Dan Williams said that the UCP government has been “clear” that it does not “support the provision of medically assisted suicide for vulnerable Albertans facing mental illness as their primary purpose for seeking their own death.”
“Instead, our goal is to build a continuum of care where vulnerable Albertans can live in long-term health and fulfilment. We look forward to the feedback of Albertans as we proceed with this important issue,” he noted.
The Alberta government said that as MAiD is “federally legislated and regulated” it is main job will be to try and make sure that it protects “vulnerable individuals” as much as possible.
Alberta’s Minister of Health Adriana LaGrange reaffirmed that the Alberta government “does not support expanding MAID eligibility to include those facing depression or mental illness and continues to call on the federal government to end this policy altogether.”
The number of Canadians killed by lethal injection under the nation’s MAiD program since 2016 stands at close to 65,000, with an estimated 16,000 deaths in 2023 alone. Many fear that because the official statistics are manipulated the number may be even higher.
To combat Canadians being coerced into MAiD, which LifeSiteNews has covered, the combat pro-life Delta Hospice Society (DHS) is offering a free “Do Not Euthanize Defense Kit” to help vulnerable people “protect themselves” from any healthcare workers who might push euthanasia on the defenseless.
COP 29 leaders demand over a $1 trillion a year in climate reparations from ‘wealthy’ nations. They don’t deserve a nickel.
What Will Be the Future of the Keystone XL Pipeline Under President Trump?
Health Care Update: Province will deliver health services regionally in seven “health corridors”
Trump Energy Policies will be executed by New York Rep. Lee Zeldin and North Dakota Gov. Doug Burgum
-
Brownstone Institute2 days agoThe Most Devastating Report So Far
-
Business2 days agoCarbon tax bureaucracy costs taxpayers $800 million
-
ESG1 day agoCan’t afford Rent? Groceries for your kids? Trudeau says suck it up and pay the tax!
-
Daily Caller1 day agoLos Angeles Passes ‘Sanctuary City’ Ordinance In Wake Of Trump’s Deportation Plan
-
John Stossel1 day agoGreen Energy Needs Minerals, Yet America Blocks New Mines
-
Alberta1 day agoProvince considering new Red Deer River reservoir east of Red Deer
-
MAiD2 days agoOver 40% of people euthanized in Ontario lived in poorest parts of the province: government data
-
Addictions1 day agoBC Addictions Expert Questions Ties Between Safer Supply Advocates and For-Profit Companies