About Alberta Energy
- manages the development of province's non-renewable resources including coal, minerals, natural gas, petrochemicals, conventional oil and oil sands and renewable energy (wind, bioenergy, solar, hydro, geothermal, etc.)
- grants industry the right to explore for and develop energy and mineral resources through the Tenure system.
- establishes, administers and monitors the effectiveness of fiscal and royalty systems
- promotes energy efficiency and conservation by both Albertans and industry
- encourages additional investment that creates jobs and economic prosperity
Energy’s mission is to assure sustained prosperity in the interests of Albertans through the stewardship of energy and mineral resource systems, responsible development and wise use of energy.
The ministry consists of the Department of Energy (DOE), the Alberta Energy Regulator (AER), the Alberta Utilities Commission (AUC), the Alberta Petroleum Marketing Commission (APMC) and the Post-Closure Stewardship Fund.
- The AER regulates the safe, efficient, orderly, and environmentally-responsible development of hydrocarbon resources over their entire life cycle. This includes allocating and conserving water resources, managing public lands, and protecting the environment while providing economic benefits for all Albertans.
- The AUC regulates the utilities sector, natural gas, and electricity markets to protect the social, economic, and environmental interests of Alberta consumers.
- The APMC markets the Crown’s conventional crude oil royalty barrels and supports projects that will bring an added economic benefit to the province through improved market access or value-added processing.
- The Post-Closure Stewardship Fund is financed by carbon capture and storage operators in Alberta, which will ensure that the storage sites are properly maintained in the long-term after operations cease. Industry will pay a per-tonne fee for the carbon dioxide stored to ensure that Albertans do not bear the burden of these costs after responsibility for the sites reverts to the provincial government.
All areas report under the annual report.
Alberta is a global energy leader with a diverse resource portfolio that includes oil, oil sands, natural gas, minerals, and coal, as well as unconventional resources including shale gas, coal bed methane and tight oil and gas. Alberta also supports renewable and alternative resources, an example of this is Carbon Capture and Storage (CCS).
Albertans own 81% of the province's oil, natural gas and other mineral resources. The remaining 19% are 'freehold' mineral rights owned by the federal government on behalf of First Nations or in National Parks, and by individuals and companies. Alberta Energy is responsible for ensuring the development of Alberta’s resources by maintaining a competitive royalty and regulatory framework to attract capital investment from world markets. Royalty revenue is reported every September.
In 2016, energy products accounted for about 65% of Alberta’s total merchandize exports. (Source: Statistics Canada, Cansim 228-0060).