Our government understands that Alberta families want stability, good jobs, and a future full of opportunity for the next generation. For the last 10 years, Albertans have felt the impact of federal policies that held our economy back, slowed major projects, and made life harder for the workers and families who rely on a strong energy sector.
But now, things are changing. Premier Danielle Smith and Prime Minister Mark Carney have reached a landmark agreement to more than double oil exports to Asian markets and remove major barriers facing our province, including the federal oil and gas emissions cap and Clean Electricity Regulations.
With this new agreement, Alberta can focus on what we do best: growing our economy, exporting responsibly produced energy, and advancing nation-building projects that support all Canadians.
Ottawa will not implement the oil and gas emissions cap, allowing for a massive increase in heavy oil production and moving the province closer to its goal of reaching six million barrels per day by 2030 and eight million by 2035. The agreement will also bring stability to Alberta’s power grid and unlock new investments in AI data centres with the immediate suspension of the Clean Electricity Regulations in Alberta.
At the centre of this agreement is a declaration by the federal government that an Indigenous co-owned Alberta bitumen pipeline to Asian markets is a project in the national interest. This new pipeline, along with the Trans Mountain expansion, will allow for even more Alberta energy to reach international markets. It also represents one of the most significant steps toward Indigenous economic participation in Canada’s energy sector through equity ownership.
Alberta and the federal government have also committed to partnering with industry to build the world’s largest carbon capture utilization and storage project. Alberta bitumen will be the cleanest heavy oil on the planet displacing heavier emitting oil from Russia, Venezuela and Iran, and bringing better environmental and geopolitical outcomes.
This agreement restores investor confidence, cuts red tape, and strengthens Alberta’s competitiveness. It gives Alberta’s energy sector the stability and certainty needed for its success, and advances Canada’s position as a global energy superpower.
There is still more work to do, this agreement is just a first step, but this agreement marks a major landmark and step forward. This is Alberta’s moment of opportunity, and our government is ready to roll up our sleeves and continue to work on ensuring our province is the best place to live, work and raise a family.
As always, please free to reach out to my office with your feedback and questions at Chestermere.Strathmore@assembly.ab.ca.
Alberta’s health system today
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