Alberta
Andrew Scheer’s announcement and press conference on the opposition’s plan for the Trans Mountain Pipeline Expansion
From A News Release of The Official Opposition
The Leader of Canada’s Conservatives and the Leader of the Official Opposition, the Hon. Andrew Scheer, has laid out a two-step plan to get the Trans Mountain Expansion built and the steps a Conservative government will take in 2019 to undo the damage Justin Trudeau’s failures have caused.
“After years of failing to deliver results on the Kinder Morgan Trans Mountain Expansion, Justin Trudeau and the Liberals still have no plan of action to get the pipeline completed,” Scheer said. “What they announced last week gets us no closer to construction or completion of this critical project and what they have done over the last three years has inflicted terrible damage to our energy sector.
“That’s why today I am outlining steps Justin Trudeau should take immediately to get Trans Mountain built and announcing what a Conservative government will do to reverse Justin Trudeau’s failed policies and make Canada a place where energy investments are encouraged.”
These steps include:
Immediate completion of indigenous consultations
Appealing the Federal Court of Appeal’s ruling to the Supreme Court
Repealing Bill C-69 and ending the shipping ban in northern British Columbia
Enacting legislation to:
Clarify roles of proponents and governments in consultations
End foreign-funded interference in regulatory hearings
Provide certainty on approval timelines and schedules
Scheer reminds Canadians that four pipeline projects were completed under the previous Conservative government without spending one cent of taxpayers’ money. These include Enbridge’s Alberta Clipper, Trans Canada’s original Keystone pipeline, Kinder Morgan’s Anchor Loop, and Enbridge’s Line 9B Reversal. Together, they ship 1.2 million barrels of western Canadian oil every single day.
“The only thing that has changed between then – when pipelines were proposed, approved, and actually built – and now – when pipelines are suffocated to death by government overreach and incompetence – is Justin Trudeau becoming Prime Minister of Canada,” Scheer said.
BACKGROUND INFORMATION:
Step 1: What Justin Trudeau should do right now
Appoint a Ministerial Special Representative to complete the indigenous consultation process
Enact emergency legislation to affirm that Transport Canada’s analysis of tanker traffic was sufficient and does not need to be duplicated by the National Energy Board
Request a stay of the Federal Court of Appeal ruling and appeal the ruling to the Supreme Court of Canada
Support Bill S-245 to clarify that the pipeline is under federal jurisdiction
Step 2: What a Conservative government will do in 2019
Repeal the Liberal Carbon Tax
Repeal Bill C-69, the Anti-Pipeline Bill
End the ban on shipping traffic on the North Coast of British Columbia
Enact legislation that will:
Clarify the roles of proponents and governments that are involved in consultations;
Ensure that standing is given only to those with expertise or who are directly impacted by the project in order to end foreign-funded interference in regulatory hearings; and
Provide certainty to investors on approval timelines and schedules.
Use the federal declaratory power to declare a major project ‘for the general advantage of Canada’ under Section 92.10 of the Constitution Act, 1867, where we deem it necessary for future projects.
Alberta
Alberta’s fiscal update projects budget surplus, but fiscal fortunes could quickly turn
From the Fraser Institute
By Tegan Hill
According to the recent mid-year update tabled Thursday, the Smith government projects a $4.6 billion surplus in 2024/25, up from the $2.9 billion surplus projected just a few months ago. Despite the good news, Premier Smith must reduce spending to avoid budget deficits.
The fiscal update projects resource revenue of $20.3 billion in 2024/25. Today’s relatively high—but very volatile—resource revenue (including oil and gas royalties) is helping finance today’s spending and maintain a balanced budget. But it will not last forever.
For perspective, in just the last decade the Alberta government’s annual resource revenue has been as low as $2.8 billion (2015/16) and as high as $25.2 billion (2022/23).
And while the resource revenue rollercoaster is currently in Alberta’s favor, Finance Minister Nate Horner acknowledges that “risks are on the rise” as oil prices have dropped considerably and forecasters are projecting downward pressure on prices—all of which impacts resource revenue.
In fact, the government’s own estimates show a $1 change in oil prices results in an estimated $630 million revenue swing. So while the Smith government plans to maintain a surplus in 2024/25, a small change in oil prices could quickly plunge Alberta back into deficit. Premier Smith has warned that her government may fall into a budget deficit this fiscal year.
This should come as no surprise. Alberta’s been on the resource revenue rollercoaster for decades. Successive governments have increased spending during the good times of high resource revenue, but failed to rein in spending when resource revenues fell.
Previous research has shown that, in Alberta, a $1 increase in resource revenue is associated with an estimated 56-cent increase in program spending the following fiscal year (on a per-person, inflation-adjusted basis). However, a decline in resource revenue is not similarly associated with a reduction in program spending. This pattern has led to historically high levels of government spending—and budget deficits—even in more recent years.
Consider this: If this fiscal year the Smith government received an average level of resource revenue (based on levels over the last 10 years), it would receive approximately $13,000 per Albertan. Yet the government plans to spend nearly $15,000 per Albertan this fiscal year (after adjusting for inflation). That’s a huge gap of roughly $2,000—and it means the government is continuing to take big risks with the provincial budget.
Of course, if the government falls back into deficit there are implications for everyday Albertans.
When the government runs a deficit, it accumulates debt, which Albertans must pay to service. In 2024/25, the government’s debt interest payments will cost each Albertan nearly $650. That’s largely because, despite running surpluses over the last few years, Albertans are still paying for debt accumulated during the most recent string of deficits from 2008/09 to 2020/21 (excluding 2014/15), which only ended when the government enjoyed an unexpected windfall in resource revenue in 2021/22.
According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk. To avoid deficits, the Smith government should meaningfully reduce spending so that it’s aligned with more reliable, stable levels of revenue.
Author:
Alberta
Premier Smith says Auto Insurance reforms may still result in a publicly owned system
Better, faster, more affordable auto insurance
Alberta’s government is introducing a new auto insurance system that will provide better and faster services to Albertans while reducing auto insurance premiums.
After hearing from more than 16,000 Albertans through an online survey about their priorities for auto insurance policies, Alberta’s government is introducing a new privately delivered, care-focused auto insurance system.
Right now, insurance in the province is not affordable or care focused. Despite high premiums, Albertans injured in collisions do not get the timely medical care and income support they need in a system that is complex to navigate. When fully implemented, Alberta’s new auto insurance system will deliver better and faster care for those involved in collisions, and Albertans will see cost savings up to $400 per year.
“Albertans have been clear they need an auto insurance system that provides better, faster care and is more affordable. When it’s implemented, our new privately delivered, care-centred insurance system will put the focus on Albertans’ recovery, providing more effective support and will deliver lower rates.”
“High auto insurance rates put strain on Albertans. By shifting to a system that offers improved benefits and support, we are providing better and faster care to Albertans, with lower costs.”
Albertans who suffer injuries due to a collision currently wait months for a simple claim to be resolved and can wait years for claims related to more serious and life-changing injuries to addressed. Additionally, the medical and financial benefits they receive often expire before they’re fully recovered.
Under the new system, Albertans who suffer catastrophic injuries will receive treatment and care for the rest of their lives. Those who sustain serious injuries will receive treatment until they are fully recovered. These changes mirror and build upon the Saskatchewan insurance model, where at-fault drivers can be sued for pain and suffering damages if they are convicted of a criminal offence, such as impaired driving or dangerous driving, or conviction of certain offenses under the Traffic Safety Act.
Work on this new auto insurance system will require legislation in the spring of 2025. In order to reconfigure auto insurance policies for 3.4 million Albertans, auto insurance companies need time to create and implement the new system. Alberta’s government expects the new system to be fully implemented by January 2027.
In the interim, starting in January 2025, the good driver rate cap will be adjusted to a 7.5% increase due to high legal costs, increasing vehicle damage repair costs and natural disaster costs. This protects good drivers from significant rate increases while ensuring that auto insurance providers remain financially viable in Alberta.
Albertans have been clear that they still want premiums to be based on risk. Bad drivers will continue to pay higher premiums than good drivers.
By providing significantly enhanced medical, rehabilitation and income support benefits, this system supports Albertans injured in collisions while reducing the impact of litigation costs on the amount that Albertans pay for their insurance.
“Keeping more money in Albertans’ pockets is one of the best ways to address the rising cost of living. This shift to a care-first automobile insurance system will do just that by helping lower premiums for people across the province.”
Quick facts
- Alberta’s government commissioned two auto insurance reports, which showed that legal fees and litigation costs tied to the province’s current system significantly increase premiums.
- A 2023 report by MNP shows
-
conflict1 day ago
US and UK authorize missile strikes into Russia, but are we really in danger of World War III?
-
John Stossel2 days ago
Green Energy Needs Minerals, Yet America Blocks New Mines
-
Addictions2 days ago
BC Addictions Expert Questions Ties Between Safer Supply Advocates and For-Profit Companies
-
Alberta2 days ago
Early Success: 33 Nurse Practitioners already working independently across Alberta
-
armed forces1 day ago
Judge dismisses Canadian military personnel’s lawsuit against COVID shot mandate
-
Alberta2 days ago
Province considering new Red Deer River reservoir east of Red Deer
-
Business22 hours ago
CBC’s business model is trapped in a very dark place
-
conflict2 days ago
Putin Launches Mass-Production of Nuclear Shelters for his People