Alberta
MLA says Trudeau’s “Emergency” underlines the need for a full public inquiry into government handling of covid crisis
This article and video submitted by Red Deer South MLA Jason Stephan
As of Tuesday restrictions are substantially all gone from Alberta. Good. This is more how it should have been all along. We have seen too much top-down, command and control approach by all levels of government. I have and will continue to ask for an independent, comprehensive public inquiry. The better way is for Governments to trust adults to govern themselves and their families in respectful ways. Trudeau’s use of the Emergency Act looks increasingly ridiculous, even dangerous.
Last week the Alberta Government brought forward a motion on the Emergency Act. I stood in the legislature and the following are excerpts of my statement: (video and then written statement)
“Mr. Speaker, about a month ago I attended the Trucker Convoy Rally at Gasoline Alley. It was packed with friends. It was not an angry gathering; it was a positive atmosphere filled with hope. Why? Because men and women and families, had felt voiceless, disenfranchised by Federal and Provincial governments. But now they had a voice in a trucker convoy. That was a cause to celebrate; they did not feel listened to, they felt ignored.
I understand that feeling. I have felt it myself. We have seen a top-down, command and control approach that treated adults as children, not respecting and trusting them to govern themselves and their families in respectful ways.
Mr. Speaker what I have witnessed, offends my core values as a public servant. Mr. Speaker, many Albertans feel the same. In the end the truth will prevail, and history will show, that governments made gross errors, that across-the-board vaccine passports and mandates caused more harm than good, especially to young adults and children. Public health authorities undermined their own authority with biased reporting and using fear and coercion as a tool.
Mr. Speaker I have spoken on this before, and I will be bringing forward a motion in this legislature for there to be a comprehensive, public inquiry into COVID, including a full cost analysis of COVID restrictions, mandates and passports, especially on young adults and children. The truth must prevail. Mr. Speaker, in respect of the trucker convoy, we know what the Prime Minister did, that he went into hiding, and sought to cancel and delegitimize the protestors calling them a fringe minority, labelling them as misogynists and racists.
Now Mr. Speaker, there were a few protestors who did blockade public roads. I do not condone that. I do not believe, like some politicians in this legislature, that the ends justify the means. Even in a cause that is just, it is not right to blockade. It undermines the moral high ground of a just cause. I sorrow that it occurs. The Prime Minister enacted the Emergency Act. While he quickly revoked it, why did he do it in the first place? This was not an emergency. Yes, there were a few breaking the law, and in those isolated cases, the police should have been enforcing the laws.
This is a very serious matter. The Emergency Act must never be used as a political tool, attacking an entire movement of Canadians, including many Albertans, who felt disenfranchised, whose crime was disagreeing with government.
It labelled an entire movement which disagrees with government, as a public danger, an emergency, a voice that must be stomped out and silenced. Mr. Speaker, this is a very bad precedent. What will the government do when there is a real emergency? Will citizens need to look over their shoulders if they support causes that an insecure, unprincipled government feels threatens their power and position? Government is supposed to protect freedoms and support prosperity for its people. In many cases, they have done the opposite. There is cause for concern, turbulence is on the horizon, in some respects it is already upon us. There is an urgency to prepare.”
The truth produces hope. There is healing in the truth. The truth makes us better. In the end, the truth prevails.
Alberta
Province to double Alberta’s oil production
The Government of Alberta is working with partners to increase pipeline capacity in pursuit of its goal to double crude oil production and increase exports to the United States.
Alberta is a strong partner to the United States, currently delivering more than 4.3 million barrels per day to the U.S. The province is committed to increasing Alberta’s crude oil production and preserving and adding pipeline capacity, supporting North American energy security as well as enabling increased U.S. production.
The Government of Alberta is taking immediate action to accelerate its plan to increase pipeline capacity to get more product to market and more value for its product.
A critical step towards achieving this goal includes working directly with industry. This is why Alberta’s government has signed a letter of intent with Enbridge, which will form a working group with the Alberta Petroleum Marketing Commission (APMC). The working group will evaluate future egress, transport, storage, terminalling and market access opportunities across the more than 29,000 kilometres of the Enbridge network in support of moving more Alberta oil and gas to Canadians and American partners.
“The world needs more Alberta oil and gas, and we need to make sure Alberta is meeting those needs. Our objective of doubling oil production aligns with Enbridge’s plans to enhance its existing pipeline systems and we look forward to partnering with them to enhance cross-border transport solutions. This will also allow us to play a role in supporting the United States in its energy security and affordability goals.”
The working group will focus on preserving and optimizing egress, developing opportunities to expand along Enbridge’s current footprint, and developing new solutions to improve global market access and maximize the value of Alberta’s commodity. Additionally, it will work with government to cut red tape and streamline regulations and permitting approvals. It will also assess opportunities for shared investment and benefit to both Albertans and Enbridge by leveraging BRIK (Bitumen-Royalty-In-Kind) barrels.
“A strong and growing Alberta oil and gas transport and storage network will allow the Government of Alberta to maximize the economic benefits for all Albertans from our bitumen and natural gas royalties. We must also pursue regulatory reform where needed so Alberta can continue to be an attractive place for companies to invest.”
“Enbridge has 75 years of experience delivering Alberta’s energy, safely and cost-effectively to support the region’s economy, unlock export value and help meet North American demand. We’re prepared – and exceptionally well-positioned – to work with producers and governments to deliver capacity as production ramps up, providing cost-effective, scalable, executable solutions now and through the decade that support North American energy security, reliability and affordability.”
Alberta
Albertans still waiting for plan to grow the Heritage Fund
From the Fraser Institute
By Tegan Hill
In February 2024, the Smith government promised to share a plan to grow the Heritage Fund—Alberta’s long-term resource revenue savings fund—with the public before the end of 2024. But 2025 is upon us, and Albertans are still waiting.
The Lougheed government originally created the Heritage Fund in 1976/77 to save a share of the province’s resource wealth, including oil and gas revenues, for the future. But since its creation, Alberta governments have deposited less than 4 per cent of total resource revenue in the fund.
In other words, for decades successive Alberta governments have missed a golden opportunity. When governments make deposits in the Heritage Fund, they transform onetime (and extremely volatile) resource revenue into a financial asset that can generate more stable earnings over time. Eventually, the government could use annual income from the fund to replace volatile resource revenue in the budget.
Historically, however, rules that would have helped ensure the fund’s growth (for example, a requirement to deposit 30 per cent of resource revenue annually) were “statutory” rather than “constitutional,” which meant Alberta governments could easily disregard, change or eliminate these rules once they were no longer convenient.
And they did. The government changed that 30 per cent requirement to 15 per cent by 1982/83, and after an oil price collapse, eliminated it entirely in 1987/88. Due to a lack of consistent deposits, paired with the real value of the fund eroding over time due to inflation, and nearly all fund earnings being spent, the Heritage Fund is expected to be worth less than $25 billion in 2024/25.
Again, while Premier Smith has promised to grow the fund to between $250 billion to $400 billion by 2050, we’ve yet to see how she plans to do that. Whatever plan the government produces, it should heed lessons from other successful resource revenue savings fund such as Alaska’s Permanent Fund.
The Alaska government created its fund the same year Alberta created the Heritage Fund, but Alaska’s fund is worth roughly US$80 billion (or C$113 billion) today. What has the Alaska government done differently?
First, according to Alaska’s constitution, the state government must deposit 25 per cent of all mineral revenues into the fund each year. This type of “constitutional” rule is much stronger than a “statutory” rule that existed in Alberta. (While Canada does not have separate provincial constitutions, it’s possible to change Canada’s Constitution for province-specific measures.) Second, the Alaska government must set aside a share of the fund’s earnings each year to offset the effects of inflation—in other words, “inflation-proof” the principal of the fund to preserve its real value. And finally, the government must pay a portion of fund earnings to Alaskan citizens in annual dividends.
The logic of the first two rules is simple—the Alaskan government promotes growth in the fund by depositing mineral revenue annually, and inflation-proofing maintains the fund’s purchasing power. But consider the third rule regarding dividends.
The Alaska government created the annual dividend, paid out annually to Alaskans, to create political pressure for future governments to responsibly maintain the fund. Because citizens have an ownership share in the fund, they’re more interested in the state maximizing returns from its resource wealth. This has helped maintain and reinforce robust fiscal rules that make the Permanent Fund successful.
Based on this success, if the Smith government began contributing 25 per cent of resource revenue to the Heritage Fund and inflation-proofed the principal, it could pay each Albertan a total dividend between roughly $600 to $1,100 from 2024/25 to 2026/27, or roughly $2,300 to $4,400 per family of four. And as the fund grows, so would the dividends.
Almost one year ago, the Smith government promised a new plan for the Heritage Fund. When the plan is finally released, it should include a constitutional requirement for consistent contributions and inflation-proofing, and annual dividends for Albertans.
-
National2 days ago
Former Saskatchewan Premier Brad Wall on working with (or against) Justin Trudeau
-
Crime2 days ago
UK’s Liberal Gov’t Is Imploding As Mass Rape Scandal Roils Country
-
National1 day ago
Canadians challenge Prime Minister’s decision to prorogue Parliament: “no reasonable justification”
-
International22 hours ago
Poilievre rebukes Trump for suggesting Canada should become 51st US state
-
Energy1 day ago
Why Canada Must Double Down on Energy Production
-
Business2 days ago
Mark Zuckerberg promises end to fact-checkers, says Facebook censorship has ‘gone too far’
-
Censorship Industrial Complex2 days ago
Trudeau’s ‘Online Harms’ bill likely dead now that Parliament has been suspended
-
Brownstone Institute2 days ago
Zuckerberg openly admits the US government’s involvement in aggressive violation of the First Amendment