News Releases and Backgrounders
Alberta welcomes progress on Trans Mountain Pipeline expansion (May 19, 2016)
Following the National Energy Board announcement on the Trans Mountain Pipeline expansion project, Energy Minister Margaret McCuaig-Boyd has the following statement: “Today’s recommendation by the National Energy Board fits a responsible national approach to energy infrastructure. Canada is balancing the need for much stronger action on climate change with the need to pay for that action, by sustainably developing our natural resources – including our energy resources.
Province, industry discuss fire impacts to oil sands operations (May 10, 2016)
Premier Rachel Notley and oil industry representatives met today to discuss the state of oil sands facilities in the wildfire area and how to move forward to return to full operations.
Royalty changes promote jobs, investment and innovation (April 21, 2016)
Oil and gas producers in Alberta can move ahead on drilling and investment plans for 2017 with new technical formulas now available. These formulas are part of the next step in implementing Alberta’s Modernized Royalty Framework and will determine royalty rates and certain cost allowances. This milestone is another step towards implementing the recommendations from the Royalty Review Advisory Panel.
Alberta Jobs Plan supports families, creates jobs, controls costs - Budget 2016 moves Alberta forward (April 14, 2016)
Budget 2016 - The Alberta Jobs Plan
moves Alberta forward by supporting families and businesses through a tough economy, promoting job creation and economic diversification, and carefully controlling government spending. Energy business plan 2016- 2019
Alberta takes next steps to phase-out coal pollution under Climate Leadership Plan (March 16, 2016)
Terry Boston, the retired head of North America’s largest power grid, will lead discussions with coal-fired electricity generation owners as the province transitions from coal to cleaner sources of power. Coal Phase-out fact sheetand Scope of work.
Alberta and the United Kingdom establish new low carbon partnership (March 15, 2016)
Energy Minister Margaret McCuaig-Boyd and the British High Commissioner to Canada Howard Drake have signed a UK-Alberta Low Carbon Innovation and Growth Framework Agreement.
Historically low oil prices and declining revenue impacting third quarter results (February 24, 2016)
Alberta faces a significant budget shortfall as oil prices continue to collapse – to the lowest levels in more than a decade – causing a substantial hit to government revenue. The oil price collapse has significantly impacted Alberta’s resource and personal income tax revenue streams. Prudent financial management, including the re-profiling of some projects and bringing expenses in line with the province’s new economic reality, has helped the province mitigate some of the effects of the oil price shock this fiscal year.
Energy minister to meet with global energy leaders and promote Alberta’s energy industry during CERAWeek in Houston (February 19, 2016)
CERAWeek is an annual conference that brings together energy leaders from across North America and the globe to discuss and collaborate on critical topics of interest to Alberta’s energy strategy.
Alberta takes significant step toward diversifying economy (February 1, 2016)
The new Petrochemicals Diversification Program is part of the government’s continued action on the economy, helping to create jobs, attract investment and diversify Alberta’s economy. The program will encourage companies to invest in the development of new Alberta petrochemical facilities by providing royalty credits. The program is expected to support the construction of several petrochemical facilities that use methane or propane to produce the materials for products that include plastics, detergents and textiles.
Modernized royalty system will promote jobs and investment activity, while increasing revenue to Albertans over time (January 29, 2016)
The adoption of the Royalty Review Advisory Panel’s recommendations will create a simpler, more transparent and efficient system that encourages job creation and investment, rewards innovation and increases returns to the province over time. Royalty Report
Premier Notley’s statement on Alberta NEB submission supporting Trans Mountain pipeline (January 12, 2016)
“Earlier today, I wrote to the National Energy Board in support of the Kinder Morgan Trans Mountain Pipeline expansion project. Our government believes this project is good for Albertans and good for all Canadians. It will create jobs, spur economic growth, and help fund our province’s transition to a greener, less carbon intensive economy on many levels." Alberta's NEB submission
Renewable energy will power up to 30 per cent of Alberta’s electricity grid by 2030 (November 30, 2015)
Alberta’s climate leadership plan will create jobs and spur billions in new investment.
Minister of Energy Margaret McCuaig-Boyd and Minister of Environment and Parks Shannon Phillips were joined today by leaders from Alberta energy and electricity companies, as well as companies looking to invest in building Alberta’s future electricity system.
Climate Leadership Plan will protect Albertans’ health, environment and economy (November 22, 2015)
Alberta’s Climate Leadership Plan accelerates the transition from coal to renewable electricity sources, puts a price on carbon pollution for everyone, and sets emissions limits for the oil sands. Other measures include broad programs to improve energy efficiency, support green technological innovations, reduce methane, and provides supports to ensure that families and small businesses are protected. The plan is based on the advice of the Climate Change Advisory Panel. Plan speech
Budget 2015 supports jobs and families (October 27, 2015)
Finance Minister Joe Ceci tabled the new government’s first budget today. This plan will achieve three key priorities for Albertans:
•Stabilizing frontline public services, including health care, education, and social services;
•Setting out a prudent path to return to balance; and
•Stimulating job creation, economic growth and diversification.
Energy business plan
Albertans invited to telephone town hall on royalties (October 13, 2015)
Royalty review panel chair Dave Mowat is looking to hear from Albertans and answer their questions on the royalty review process. The telephone town hall gives the panel an opportunity to build on the conversations they’ve been having with Albertans across the province. The input the panel receives, whether in person, over the phone or online , continues to help guide their work. On Thursday, October 15 the telepone town hall will run from 7 p.m. to 8:30 p.m. participants may dial into the call at 1-877-229-8493 (ID 114591) starting at 6:55 p.m.
Energy Minister to strengthen trade relationship with China (October 7, 2015)
Energy Minister Margaret McCuaig-Boyd will support Alberta-China energy partnerships on a mission to China from October 10-16. This trip follows Premier Rachel Notley’s mission to eastern Canada and the United States to promote Alberta as a healthy place to invest and do business.
Albertans are invited to community engagement sessions on royalties (September 10, 2015)
The royalty review advisory panel is hosting four community engagement sessions to gather input from Albertans on the future of Alberta’s royalty framework for non-renewable energy resources.
Alberta’s royalty review is now underway (August 28, 2015)
The royalty review advisory panel will begin its work connecting with Albertans as it reviews the province’s non-renewable resource royalty framework. Energy economist Peter Tertzakian, former Alberta deputy minister of finance Annette Trimbee, and Mayor of Beaverlodge Leona Hanson will work alongside panel chair Dave Mowat. The group will engage with Albertans, energy-related industries and key stakeholders through a combination of meetings, public sessions and interactive, web-based discussions throughout the fall. Panel mandate Current royalty information
Energy Minister statement on Nexen pipeline spill (July 24, 2015)
Energy Minister Marg McCuaig-Boyd provided the following statement to the news media after visiting the Nexen spill site: “Our government came together today with the Fort McMurray First Nation to meet with the Alberta Energy Regulator and Nexen because we share a deep concern over the spill that happened here.
Dave Mowat, President and CEO of ATB Financial, will chair the province’s royalty review advisory panel.
The panel will be responsible for listening to Albertans and stakeholders on what type of royalty structure the province should have. It will work under the principle that the owners of our oil and gas resources, the people of Alberta, deserve a royalty system that contributes to a strong, healthy economy where prosperity is shared.