Alberta
Contractors Association disappapointed by Teck Withdrawal
From the Progressive Contractors Association
PCA Highly Disappointed by Withdrawal of Teck Resources Mine Project
Edmonton (February 24, 2019) – The cancellation of the $20-billion Frontier Oil Sands Mine Project, is a major setback for resource development in Canada, according to the Progressive Contractors Association of Canada (PCA), whose member companies and workers would have welcomed the opportunity to build the project.
“It’s a major blow to Canadian workers, their employers, First Nations, and investors,” said Paul de Jong, president of the Progressive Contractors Association of Canada (PCA). “This is a company that’s clearly been sideswiped by Canada’s failure to stand up for resource projects that matter to Alberta and all Canadians. We are at a crossroads with Canada’s resource economy. Teck’s cancellation culminates a 10-year regulatory process and had the support of all local First Nations. Canada must decide whether the rule of law and fair consultation will prevail, or a radical minority.”
Citing the ongoing debate over climate change policy, Teck Resources Ltd., withdrew its application to move forward with the project. PCA believes that Teck’s CEO Don Lindsay is right that Canada needs a better, more reliable framework for moving resource projects forward.
The project proposed by Teck Resources Ltd., would have created as many as 7,000 jobs during construction, another 2,500 jobs during operation, and billions in tax revenues to all three levels of government.
“Not only has Canada missed out on major jobs and revenue, it’s signalling to investors that this is not the right place for their investment dollars,” added de Jong. “Those opportunities are going to more sophisticated jurisdictions that have the vision and strategic approach to get national resources projects approved and built.”
About the Progressive Contractors Association of Canada (PCA)
With offices in BC, Alberta and Ontario, PCA is the voice of progressive unionized employers in Canada’s construction industry. Our member companies are responsible for 40 percent of energy and natural resource construction projects in British Columbia and Alberta and are leaders in infrastructure construction across Canada. PCA member companies employ more than 25,000 skilled construction workers in Canada, represented primarily by CLAC.
Contractors Association disappapointed by Teck Withdrawal.
Read more from Todayville Edmonton.
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.”
From the Fraser Institute
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
Province announces plans for nine new ‘urgent care centres’ – redirecting 200,000 hospital visits
Poilievre on 2025 Election Interference – Carney sill hasn’t fired Liberal MP in Chinese election interference scandal
2025 Federal Election Interference from China! Carney Pressed to Remove Liberal MP Over CCP Bounty Remark
RFK Jr. Drops Stunning Vaccine Announcement
Province pumping $100 million into Collegiates and Dual-Credit hands-on learning programs
Feds Spent Roughly $1 Billion To Conduct Survey That Could’ve Been Done For $10,000, Musk Says
Donald Trump suggests Mark Carney will win Canadian election, touts ‘productive call’ with leader
-
Daily Caller2 days agoBiden Administration Was Secretly More Involved In Ukraine Than It Let On, Investigation Reveals
-
Business2 days agoTrump says ‘nicer,’ ‘kinder’ tariffs will generate federal revenue
-
2025 Federal Election2 days ago
PM Carney’s Candidate Paul Chiang Steps Down After RCMP Confirms Probe Into “Bounty” Comments
-
2025 Federal Election2 days agoPoilievre, Conservatives receive election endorsement from large Canadian trade union
-
Business2 days agoBiden’s Greenhouse Gas ‘Greendoggle’ Slush Fund Is Unraveling
-
2025 Federal Election2 days ago
Liberal MP Paul Chiang Resigns Without Naming the Real Threat—The CCP
-
2025 Federal Election1 day agoMark Carney refuses to clarify 2022 remarks accusing the Freedom Convoy of ‘sedition’
-
2025 Federal Election5 hours agoWEF video shows Mark Carney pushing financial ‘revolution’ based on ‘net zero’ goals