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Alberta

Alberta supports the development of Small Modular Nuclear Reactors

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Alberta signs small modular nuclear reactor MOU

Alberta has signed a memorandum of understanding (MOU) with New Brunswick, Ontario and Saskatchewan to support the development of small modular nuclear reactors (SMRs).

Premier Jason Kenney signed the MOU, previously signed by the three other provinces, on April 14. He joined New Brunswick Premier Blaine Higgs, Ontario Premier Doug Ford and Saskatchewan Premier Scott Moe at a virtual event where the premiers shared the findings of a study that examined the feasibility of SMRs in Canada.

“Alberta has always been committed to clean, affordable energy. Small modular reactors are an exciting new technology that could be used in the future to significantly cut greenhouse gas emissions, for example by generating power for Canadian oilsands producers. Nuclear is the cleanest form of electricity production, and with SMRs is now more affordable and scalable for industrial use. We are excited to be part of this group that will help develop Canadian SMR technology.”

Jason Kenney, Premier of Alberta

“Today’s announcement confirms the commitment of our provinces to advancing SMRs as a clean energy option, leveraging the strength and knowledge of each of our jurisdictions. This study confirms the feasibility of small modular reactors in Canada and outlines a path forward to deploy this new clean, safe, reliable and competitively priced power. This new technology will help attract investment, create high-skilled jobs and contribute to our growing economy.”

Scott Moe, Premier of Saskatchewan

“Our government believes the best way to ensure that Canada becomes a leader in advanced small modular reactor development and deployment is through continued engagement and partnerships. New Brunswick has already attracted two tremendous vendors in ARC Clean Energy Canada and Moltex Energy who are now developing their capacity and generating local economic development in the province. New Brunswick is well-positioned to be a world leader in the SMR field.”

Blaine Higgs, Premier of New Brunswick

“It is important that our provinces take these next steps together to continue leading the development of cutting-edge small modular reactors for the benefit of future generations. Ontario is home to a world-class nuclear industry, which we will leverage as we continue our critical work on this innovative technology in order to provide affordable, reliable, safe and clean energy while unlocking tremendous economic potential across the country.”

Doug Ford, Premier of Ontario

With the addition of Alberta to the MOU, all provinces involved have agreed to collaborate on the advancement of SMRs as a clean energy option to address climate change and regional energy demands while supporting economic growth and innovation.

The SMR Feasibility Study, formally requested as part of the MOU in December 2019, concludes that the development of SMRs would support domestic energy needs, curb greenhouse gas emissions and position Canada as a global leader in this emerging technology. SMRs are nuclear reactors that produce 300 megawatts of electricity or less. They can support large established grids, small grids, remote off-grid communities and resource projects.

The study, conducted by Ontario Power Generation, Bruce Power, NB Power and SaskPower, identifies three streams of SMR project proposals for consideration by the governments of Ontario, New Brunswick and Saskatchewan.

Stream 1 proposes a first grid-scale SMR project of approximately 300 megawatts constructed at the Darlington nuclear site in Ontario by 2028. Subsequent units in Saskatchewan would follow, with the first SMR projected to be in service in 2032.

Stream 2 involves two fourth generation advanced small modular reactors that would be developed in New Brunswick through the construction of demonstration units at the Point Lepreau Nuclear Generating Station. By fostering collaboration among the various research, manufacturing, federal and provincial agencies, an initial ARC Clean Energy demonstration unit plans to be ready by 2030.

Moltex Energy Inc.’s waste recycling facility and reactor is preparing to be ready by the early 2030s. Through ongoing support and collaborations, these advanced technologies could start being deployed as early as 2030 in support of the industrial needs in areas like Saskatchewan, Alberta and around the globe.

Stream 3 proposes a new class of micro-SMRs designed primarily to replace the use of diesel in remote communities and mines. A five-megawatt gas-cooled demonstration project is underway at Chalk River, Ont., with plans to be in service by 2026.

The report identifies the potential for all three streams to create employment and economic growth benefits for Canada, as well as opportunities to export technology and expertise to address global issues such as climate change and energy reliability.

The next action identified in the MOU is the development of a joint strategic plan, to be drafted by the governments of Alberta, New Brunswick, Ontario and Saskatchewan. The plan is expected to be completed this spring.

The partner provinces will continue to work together and across the nuclear industry to help ensure Canada remains at the forefront of nuclear innovation while creating new opportunities for jobs, economic growth, innovation and a lower-carbon future.

Alberta

Big win for Alberta and Canada: Statement from Premier Smith

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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.”

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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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