Alberta
Province twinning David Thompson Highway (#11) from Sylvan Lake to Rocky Mountain House

From the Province of AlbertaImproving David Thompson Highway and creating jobsThe Government of Alberta will twin a 66-kilometre stretch of the David Thompson Highway between Sylvan Lake and Rocky Mountain House.This $120-million project is part of Albertaās Recovery Plan and will create about 582 jobs, while upgrading the highway and improving traffic flow along this important recreation corridor.
The David Thompson Highway project is part of the more than $10 billion infrastructure spending announced as part of Albertaās Recovery Plan. This spending includes: $6.9 billion Budget 2020 capital spending, $980 million accelerated for Capital Maintenance and Renewal, $200 million for Strategic Transportation Infrastructure Program and water infrastructure projects, $600 million in strategic infrastructure projects, $500 million in municipal infrastructure and $1.5 billion for Keystone XL.
Albertaās government is helping create more than 50,000 good jobs for Albertans by building schools, roads and other core infrastructure that benefits Albertans and communities. It will further diversify our economy by helping sectors grow and succeed and return investment to our province by ensuring we have the most competitive tax environment in Canada Quick facts
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Alberta
Big win for Alberta and Canada: Statement from Premier Smith

Premier Danielle Smith issued the following statement on the April 2, 2025 U.S. tariff announcement:
āToday 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.
āThis is precisely what I have been advocating for from the U.S. administration for months.
āIt 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.
āThere 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.
āI 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.
āAs 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.ā
Alberta
Energy sector will fuel Alberta economy and Canadaās exports for many years to come

From the Fraser Institute
By any measure, Alberta is an energy powerhouseāwithin Canada, but also on a global scale. In 2023, it produced 85 per cent of Canadaās oil and three-fifths of the countryās natural gas. Most of Canadaās 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 Canadaās international exports.
Consider some key facts about the provinceās energy landscape, as noted in the Alberta Energy Regulatorās (AER) 2023Ā 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 Albertaās oil and gas production fell in 2023, as the surging prices recorded in 2022 following Russiaās invasion of Ukraine retreated. Capital spending in the provinceās 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 Canadaās oil industry and should boost Albertaās energy production and exports going forward.
In a world striving to address climate change, Albertaās 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 āpeakā consumption hasnāt 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 Sachsā 2024 global energy forecast predicts that āoil usage will increase through 2034ā thanks to strong demand in emerging markets and growing production of petrochemicals that depend on oil as the principalĀ 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 Albertaās energy sector, particularly if the federal government dials back some of the economically destructive energy andĀ climate policiesĀ adopted by the lastĀ government. According to the AERās ābase caseā 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 Albertaās upstream gas from LNG operators in British Columbia.
The AERās forecast also points to a positive trajectory for capital spending across the provinceās 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 āemergingā 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 Canadaās export portfolio for the foreseeable future.
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