Alberta
Alberta’s Energy Road Ahead Has Never Been More Important: Brian Jean – Minister of Energy and Minerals
From EnergyNow.ca
By Brian Jean – Minister of Energy and Minerals of Alberta
Recently I had the opportunity to speak at The Road Ahead, Alberta Energy 2024, presented by EnergyNow at the Calgary Petroleum Club.
The road ahead for Alberta in 2024 is an important one. Alberta is at the crossroads on many key energy issues which I wanted to expand upon.
Let me start with some quotes from the last Throne Speech that will give you a sense of where Premier Smith wants Alberta’s world leading energy industry to go.
This is a key one: “Alberta’s government will ensure the entire world understands that the words “Alberta” and “energy” are inextricably linked for generations.”
All credible energy forecasters see the oil and gas industry as being the globally dominant energy player for decades to come. This means that Alberta, which produces energy in a better way than any other jurisdiction, will have opportunities and jobs in the energy industry for the children and grandchildren of those who are its current employees. Not only is Alberta’s resource one that will last, but it is also one that will lead the world.
Again, from the Throne Speech: “Our province is the fourth-largest producer of oil and gas in the entire world – and is, far and away, its most environmentally responsible one. Alberta will not be content with fourth place – not when our province’s energy reserves and environmental technologies are second to none.”
Our Premier recognizes that not only do we have globally significant oil and gas resources in the ground, but we also possess the significant knowledge and skills of Alberta’s energy workers and energy companies. That said, as we continue to develop energy projects of all types, more skilled trades will be needed and Alberta is committed to developing these skilled trades “in province” where possible. This will allow Alberta to continue to develop oil and gas in the most responsible way possible which will continue to evolve as new technology is developed.
All that heads us towards success. As a government we need to be bold enough to create the mechanisms of success for our energy industry and we are committed to do this.
Also from the Throne Speech: “Not only will Alberta be the greenest energy producer in the world, our government will ensure we create one of the most efficient, timely and red-tape free jurisdictions on the planet to invest in energy – whether that be conventional, non-conventional, renewable or otherwise.”
Premier Smith has tasked our government with improving our regulatory capacity. She wants us to create the flexibility and nimbleness to have world class results in all our energy spaces. We will take bold steps in the oil sands as we work with Pathways Alliance to create the world’s first carbon abated major oil field.
We will take bold steps with non-conventional producers to make the most of our gas and liquids industries in the Montney and Duvernay. And we will continue to take bold steps to use our energy industry to drive economic opportunities and reconciliation for our indigenous communities.
We will take bold steps to make sure that Alberta continues to be one of the top global places to build wind and solar, while protecting farmland and viewscapes.
We will use the skills and Alberta know-how that spring from our oil and gas expertise to make breakthroughs in lithium development and helium exploration.
Alberta is the ideal place for energy investments in established energy sectors and emerging energy-related sectors like petrochemicals, hydrogen, ammonia, lithium, and helium.
We will continue to lead the world in carbon capture, utilization and sequestration. A technology that we have deployed at scale faster than almost any other jurisdiction.
Finally, Alberta will take advantage of our tremendous natural gas resources to make Alberta a global centre for petrochemical production in general. But more than that, we will specifically be the global leader in green petrochemicals made from our energy resources and greened by sequestering the carbon used in their production.
These are the bold ambitions that Premier Smith and our government have for Alberta’s energy sector. Alberta has the expertise, and the duty, to remain a major global energy supplier.
And allow me to end with one last quote from the Throne Speech: “The world needs more Alberta energy – not less – and Alberta’s government intends to empower Albertans to deliver it!”
Our government isn’t afraid to declare that Alberta is energy and energy is Alberta!
Alberta
They never wanted a pipeline! – Deputy Conservative Leader Melissa Lantsman
From Melissa Lantsman
Turns out the anti-development wing of the Liberal Party never stopped running the show.
Today, we’ll see if the Liberals vote for the pipeline they just finished bragging about.
Spoiler: they won’t. Because with the Liberals, the announcements are real, but the results never are.
Alberta
Premier Smith: Canadians support agreement between Alberta and Ottawa and the major economic opportunities it could unlock for the benefit of all
From Energy Now
By Premier Danielle Smith
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If Canada wants to lead global energy security efforts, build out sovereign AI infrastructure, increase funding to social programs and national defence and expand trade to new markets, we must unleash the full potential of our vast natural resources and embrace our role as a global energy superpower.
The Alberta-Ottawa Energy agreement is the first step in accomplishing all of these critical objectives.
Recent polling shows that a majority of Canadians are supportive of this agreement and the major economic opportunities it could unlock for the benefit of all Canadians.
As a nation we must embrace two important realities: First, global demand for oil is increasing and second, Canada needs to generate more revenue to address its fiscal challenges.
Nations around the world — including Korea, Japan, India, Taiwan and China in Asia as well as various European nations — continue to ask for Canadian energy. We are perfectly positioned to meet those needs and lead global energy security efforts.
Our heavy oil is not only abundant, it’s responsibly developed, geopolitically stable and backed by decades of proven supply.
If we want to pay down our debt, increase funding to social programs and meet our NATO defence spending commitments, then we need to generate more revenue. And the best way to do so is to leverage our vast natural resources.
At today’s prices, Alberta’s proven oil and gas reserves represent trillions in value.
It’s not just a number; it’s a generational opportunity for Alberta and Canada to secure prosperity and invest in the future of our communities. But to unlock the full potential of this resource, we need the infrastructure to match our ambition.
There is one nation-building project that stands above all others in its ability to deliver economic benefits to Canada — a new bitumen pipeline to Asian markets.
The energy agreement signed on Nov. 27 includes a clear path to the construction of a one-million-plus barrel-per-day bitumen pipeline, with Indigenous co-ownership, that can ensure our province and country are no longer dependent on just one customer to buy our most valuable resource.
Indigenous co-ownership also provide millions in revenue to communities along the route of the project to the northwest coast, contributing toward long-lasting prosperity for their people.
The agreement also recognizes that we can increase oil and gas production while reducing our emissions.
The removal of the oil and gas emissions cap will allow our energy producers to grow and thrive again and the suspension of the federal net-zero power regulations in Alberta will open to doors to major AI data-centre investment.
It also means that Alberta will be a world leader in the development and implementation of emissions-reduction infrastructure — particularly in carbon capture utilization and storage.
The agreement will see Alberta work together with our federal partners and the Pathways companies to commence and complete the world’s largest carbon capture, utilization and storage infrastructure project.
This would make Alberta heavy oil the lowest intensity barrel on the market and displace millions of barrels of heavier-emitting fuels around the globe.
We’re sending a clear message to investors across the world: Alberta and Canada are leaders, not just in oil and gas, but in the innovation and technologies that are cutting per barrel emissions even as we ramp up production.
Where we are going — and where we intend to go with more frequency — is east, west, north and south, across oceans and around the globe. We have the energy other countries need, and will continue to need, for decades to come.
However, this agreement is just the first step in this journey. There is much hard work ahead of us. Trust must be built and earned in this partnership as we move through the next steps of this process.
But it’s very encouraging that Prime Minister Mark Carney has made it clear he is willing to work with Alberta’s government to accomplish our shared goal of making Canada an energy superpower.
That is something we have not seen from a Canadian prime minister in more than a decade.
Together, in good faith, Alberta and Ottawa have taken the first step towards making Canada a global energy superpower for benefit of all Canadians.
Danielle Smith is the Premier of Alberta
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