Alberta
Premier Kenney addresses the province about a 1.5 billion investment in Keystone XL
From the Province of Alberta
Provincial investment kick-starts KXL pipeline
A $1.5 billion government investment in the Keystone XL (KXL) pipeline project will accelerate construction, ensuring it is operational by 2023
The Government of Alberta has finalized an agreement with Calgary-based TC Energy Corporation to provide financial support to accelerate construction of the KXL pipeline starting April 1. This investment will include $1.5 billion in equity investment in 2020 followed by a $6 billion loan guarantee in 2021. The project is expected to be completed and in service in 2023.
This agreement is the culmination of six months of negotiations, as well as rigorous vetting by government officials and outside industry experts to ensure the success of this project, while minimizing risk to taxpayers.
The government is backstopping the project to enable TC Energy to begin immediate construction on the Alberta portion of the pipeline. This will ensure the earliest possible date of completion. The project will create over 1,400 direct and 5,400 indirect jobs in Alberta during construction and will generate an estimated $30 billion in tax and royalty revenues for future generations of Albertans and Canadians.
“We cannot wait for the end of the pandemic and the global recession to act. There are steps we must make now to build our future focussed on jobs, the economy, and pipelines. Today we are moving forward with a project that is essential to our future prosperity. This investment in Keystone XL is a bold move to re-take control of our province’s economic destiny and put it firmly back in the hands of the owners of our natural resources, the people of Alberta. The Government of Alberta is confident that this is a wise investment. After construction is complete, we will be able to sell our shares at profit. In addition, the project will have a net return of over $30 billion to the Alberta taxpayer through royalties and higher prices for Alberta oil in the next 20 years.”
Once operational, Keystone XL will provide North America with a stable, secure supply of crude oil, reducing reliance on supply from OPEC. The pipeline will carry at least 830,000 barrels per day of Alberta crude, significantly increasing the province’s takeaway capacity and helping to protect the value of its energy resources.
Right now Alberta’s oil export capacity is limited by the lack of pipelines. Without the ability to export more oil, there is no incentive for producers to invest in more production in Alberta. Completing KXL will signal to the oil and gas industry, and to investors around the world, that they have a future in Alberta. Without more pipelines, the future of our oil and gas industry is capped; with today’s announcement, employers and investors should have the confidence to maintain existing projects and to spend new money on new projects.
Construction will begin immediately in Alberta, at the Canada-US border, in Montana, South Dakota and Nebraska.
The Keystone XL Pipeline offers a safe, reliable and environmentally responsible way to deliver crude oil from western Canadian oil fields to Gulf Coast refineries in the U.S. The project will run from Hardisty, Alberta, to Steele City, Nebraska and will cover 1,947 kilometres.
Given the significance of this issue, the Government will present a related motion for debate and vote this week.
Quick facts
Project details
- KXL will provide more than 830,000 barrels per day of crude oil to Gulf Coast Refineries
- Covers 1,947 kilometres from Hardisty, Alberta, to Steele City, Nebraska
- 259 kilometres of pipelines will be constructed in Alberta
- At least 6,800 direct and indirect jobs in Alberta and over 15,000 direct and indirect jobs in Canada
- Project is expected to be completed in 2023
Financial details (CDN$)
- Government of Alberta will contribute up to $1.5B (CAD) in equity investment in 2020
- The government will backstop this project with a $6 billion loan guarantee in 2021
- TC Energy will reimburse the government of Alberta 12 months after oil is flowing through the pipeline
Show your Alberta side. Buy Local. |
When the going gets tough, Albertans stick together. That’s why Alberta’s government is launching a new campaign to benefit hard-working Albertans.
Global uncertainty is threatening the livelihoods of hard-working Alberta farmers, ranchers, processors and their families. The ‘Buy Local’ campaign, recently launched by Alberta’s government, encourages consumers to eat, drink and buy local to show our unified support for the province’s agriculture and food industry.
The government’s ‘Buy Local’ campaign encourages consumers to buy products from Alberta’s hard-working farmers, ranchers and food processors that produce safe, nutritious food for Albertans, Canadians and the world.
“It’s time to let these hard-working Albertans know we have their back. Now, more than ever, we need to shop local and buy made-in-Alberta products. The next time you are grocery shopping or go out for dinner or a drink with your friends or family, support local to demonstrate your Alberta pride. We are pleased tariffs don’t impact the ag industry right now and will keep advocating for our ag industry.”
Alberta’s government supports consumer choice. We are providing tools to help folks easily identify Alberta- and Canadian-made foods and products. Choosing local products keeps Albertans’ hard-earned dollars in our province. Whether it is farm-fresh vegetables, potatoes, honey, craft beer, frozen food or our world-renowned beef, Alberta has an abundance of fresh foods produced right on our doorstep.
Quick facts
- This summer, Albertans can support local at more than 150 farmers’ markets across the province and meet the folks who make, bake and grow our food.
- In March 2023, the Alberta government launched the ‘Made in Alberta’ voluntary food and beverage labelling program to support local agriculture and food sectors.
- Through direct connections with processors, the program has created the momentum to continue expanding consumer awareness about the ‘Made in Alberta’ label to help shoppers quickly identify foods and beverages produced in our province.
- Made in Alberta product catalogue website
Related information
Alberta
Province to expand services provided by Alberta Sheriffs: New policing option for municipalities
Expanding municipal police service options |
Proposed amendments would help ensure Alberta’s evolving public safety needs are met while also giving municipalities more options for local policing.
As first announced with the introduction of the Public Safety Statutes Amendment Act, 2024, Alberta’s government is considering creating a new independent agency police service to assume the police-like duties currently performed by Alberta Sheriffs. If passed, Bill 49 would lay additional groundwork for the new police service.
Proposed amendments to the Police Act recognize the unique challenges faced by different communities and seek to empower local governments to adopt strategies that effectively respond to their specific safety concerns, enhancing overall public safety across the province.
If passed, Bill 49 would specify that the new agency would be a Crown corporation with an independent board of directors to oversee its day-to-day operations. The new agency would be operationally independent from the government, consistent with all police services in Alberta. Unlike the Alberta Sheriffs, officers in the new police service would be directly employed by the police service rather than by the government.
“With this bill, we are taking the necessary steps to address the unique public safety concerns in communities across Alberta. As we work towards creating an independent agency police service, we are providing an essential component of Alberta’s police framework for years to come. Our aim is for the new agency is to ensure that Albertans are safe in their communities and receive the best possible service when they need it most.”
Additional amendments would allow municipalities to select the new agency as their local police service once it becomes fully operational and the necessary standards, capacity and frameworks are in place. Alberta’s government is committed to ensuring the new agency works collaboratively with all police services to meet the province’s evolving public safety needs and improve law enforcement response times, particularly in rural communities. While the RCMP would remain the official provincial police service, municipalities would have a new option for their local policing needs.
Once established, the agency would strengthen Alberta’s existing policing model and complement the province’s current police services, which include the RCMP, Indigenous police services and municipal police. It would help fill gaps and ensure law enforcement resources are deployed efficiently across the province.
Related information
Province to expand services provided by Alberta Sheriffs: New policing option for municipalities
Made in Alberta! Province makes it easier to support local products with Buy Local program
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