What the Energy Industry wants to see from Alberta politicians as they gear up for the next election – CAPP

CALGARY — The energy industry has revealed what it wants to see from Alberta politicians as they gear up for a spring election.

The Canadian Association of Petroleum Producers says politicians should enact policies that will double the industry’s growth rate by 2020.

It wants tax cuts, shorter regulatory times and government support for six new energy pipelines.

There is no mention of a price on carbon or a cap on oilsands emissions, both of which were brought in by Alberta’s current NDP government.

CAPP’s Oil and Natural Gas Priorities for a Prosperous Alberta can be found here.

The Canadian Association of Petroleum Producers quotes: Tim McMillan, President and CEO

• “Albertans need to be well-informed and have a clear picture of how we can make our province better before heading into the election. A vote for energy sends the message that Alberta can, and should, be supplying energy to the world.”
• “Industry has been asking for effective policy changes to make Alberta more competitive. We want to attract global investment to the oil and natural gas sector, but to do so we need greater regulatory certainty along with fiscal and economic policies that allow us to compete globally.”
• “A healthy oil and natural gas industry benefits all Albertans and builds on the backbone of our economy. As Albertans head to the polls, the message is that a vote for energy is a vote to build a prosperous future for Alberta.”
• “The Alberta Energy Platform is ambitious and achievable. By increasing our competitiveness globally, we can attract the investment we need to create jobs, grow production, and become the world’s fourth-largest oil producer and third-largest natural gas producer.”

Supporting Information:

• The oil and natural gas industry supported more than 20,000 businesses across Alberta in 2015.
• Capital investment across Canada’s oil and natural gas industry fell to about $41 billion in 2018, down from $81 billion in 2014.
• Capital investment in Canada’s oil sands dropped to about $13 billion in 2018, compared to $34 billion in 2014.
• The International Energy Agency’s World Energy Outlook 2018, projects oil and natural gas will account for 53 per cent of the world’s total energy demand in 2040. Global oil demand is projected to increase by 10 per cent and natural gas demand is expected to increase by 43 per cent.
• Canada’s oil and natural gas industry is committed to climate leadership and accelerating environmental performance through innovation.
• Canada’s Oil Sands Innovation Alliance (COSIA) member companies have invested $1.4 billion to develop and share 981 distinct environmental technologies.

Association president Tim McMillan says the International Energy Agency predicts oil and gas demand is on track to grow and he believes Canada’s well-regulated oilpatch should be filling those markets.

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