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Alberta

Danielle Smith vows Alberta won’t be ‘transitioning away’ from oil, natural gas

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From LifeSiteNews

By Clare Marie Merkowsky

‘Energy security and affordability are comparable with sustainability. Alberta is actively reducing emissions through technology, not taxes’

Alberta is refusing to phase out oil and gas, despite the regulations proposed by Prime Minster Justin Trudeau’s government.

On November 20, Alberta Premier Danielle Smith announced on X, formerly known as Twitter, that the province will focus on reducing emissions but will not eliminate the gas and oil sector, as effectively demanded by the Trudeau government.  

“Energy security and affordability are comparable with sustainability. Alberta is actively reducing emissions through technology, not taxes,” she wrote.  

“But, we will not be transitioning away from oil and natural gas,” Smith declared.  

Also on November 20, Smith blasted Alberta’s leader of the provincial opposition, the New Democratic Party’s Rachel Notley, for pushing for energy regulations and the carbon tax on Albertans.  

“I think Albertans wish the member of the opposite would stand up for Albertans for a change rather than take marching orders from the federal NDP leader,” she said, referring to NDP leader Jagmeet Singh who has sided with the Liberal government in favor of the carbon tax and energy regulations.  

“If they had just agreed to eliminate the carbon tax, it would reduce inflation 16%, which means we wouldn’t have to see an increase in interest rates, which means people could afford to buy a house as well,” she continued, referring to information from the Bank of Canada.  

“Maybe she should stand up for Albertans for a change,” Smith declared.  

Smith’s statements come in response to Trudeau attempting to force a net zero emissions goal on provinces across Canada, regardless of the negative effects it will have on Canadians’ lives.  

Trudeau has also refused to extend the carbon tax exemption to all forms of home heating, instead only exempting the forms of heating used in the Liberal-held Atlantic provinces.

Smith has repeatedly refused to submit to the Liberal government’s demands, warning that Canadians could freeze in the winter if the new “clean emissions” regulations are enforced. 

Smith’s warnings are not unfounded. Alberta’s electric grid operator, Alberta Electric System Operator (AESO), warned that Trudeau’s 2035 net-zero power grid goal will mean instability for the western province and are “not feasible.”  

In September, Smith announced that she is preparing to use her province’s Sovereignty Act to fight the energy regulations. 

The draft version of the federal government’s Clean Electricity Regulations (CER) states that there will be billions of higher costs associated with a so-called “green” power transition, especially in the resource-rich provinces of Alberta, Saskatchewan, New Brunswick, and Nova Scotia, which use natural gas and coal to fuel power plants. 

In May, Minister of Environment Steven Guilbeault declared that violating environmental regulations banning the use of coal and gas-fired power after 2035 may even result in criminal sanctions, a statement that only increased the tension between the federal government and the provinces opposed to the proposed policies. 

The Trudeau government also recently threatened to withhold billions of taxpayer money to provinces that will continue to use resources such as natural gas, oil and coal to generate electricity beyond 2035. 

In addition to Smith, Saskatchewan Premier Scott Moe has likewise promised to fight back against the new regulations, saying recently that “Trudeau’s net-zero electricity regulations are unaffordable, unrealistic and unconstitutional.” 

“They will drive electricity rates through the roof and leave Saskatchewan with an unreliable power supply. Our government will not let the federal government do that to the Saskatchewan people,” he charged. 

The Trudeau government’s current environmental goals – in lockstep with the United Nations’ “2030 Agenda for Sustainable Development” – include phasing out coal-fired power plants, reducing fertilizer usage, and curbing natural gas use over the coming decades. 

The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization with which Trudeau and some of his cabinet are involved. 

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Alberta

Energy sector will fuel Alberta economy and Canada’s exports for many years to come

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From the Fraser Institute

By Jock Finlayson

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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Alberta

Owner sells gas for 80 cents per litre to show Albertans how low prices ‘could’ be

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Undoubtedly some of the motorists driving past The Whistle Stop Cafe at Mirror on Tuesday morning thought it was an April Fools prank.  It wasn’t.

Chris Scott, owner of the gas station at The Whistle Stop Cafe offered a one day promotion on April 1st. Scott sold 8000 litres of regular gasoline for $0.80/ litre.

The promotion was funded by Scott and the Alberta Prosperity Project.  In this video posted to his social media, Chris Scott explains why they did it.

www.albertaprosperityproject.com

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