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Sustaining the interests of Albertans through the stewardship and responsible development of energy and mineral resource systems. Alberta Energy
manages the development of province's resources including conventional oil, oil sands, natural gas,
petrochemicals,
minerals and
coal.
develops policy for the Renewable Electricity Program
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
Alberta Energy’s current and past
business plans are available along with a listing of
online services. 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.
Structure
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. 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 2017, energy products accounted for about 69.6% of Alberta’s total merchandize exports.
(Source: Statistics Canada, Table: 12-10-0002-01) |
