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by Brian Jean – Minister of Energy and Minerals of Alberta
Recently I had the opportunity to speak at The Road Ahead, Alberta Energy 2024, presented by EnergyNow at the Calgary Petroleum Club.
The road ahead for Alberta in 2024 is an important one. Alberta is at the crossroads on many key energy issues which I wanted to expand upon.
Let me start with some quotes from the last Throne Speech that will give you a sense of where Premier Smith wants Alberta’s world leading energy industry to go.
This is a key one: “Alberta’s government will ensure the entire world understands that the words “Alberta” and “energy” are inextricably linked for generations.”
All credible energy forecasters see the oil and gas industry as being the globally dominant energy player for decades to come. This means that Alberta, which produces energy in a better way than any other jurisdiction, will have opportunities and jobs in the energy industry for the children and grandchildren of those who are its current employees. Not only is Alberta’s resource one that will last, but it is also one that will lead the world.
Again, from the Throne Speech: “Our province is the fourth-largest producer of oil and gas in the entire world – and is, far and away, its most environmentally responsible one. Alberta will not be content with fourth place – not when our province’s energy reserves and environmental technologies are second to none.”
Our Premier recognizes that not only do we have globally significant oil and gas resources in the ground, but we also possess the significant knowledge and skills of Alberta’s energy workers and energy companies. That said, as we continue to develop energy projects of all types, more skilled trades will be needed and Alberta is committed to developing these skilled trades “in province” where possible. This will allow Alberta to continue to develop oil and gas in the most responsible way possible which will continue to evolve as new technology is developed.
All that heads us towards success. As a government we need to be bold enough to create the mechanisms of success for our energy industry and we are committed to do this.
Also from the Throne Speech: “Not only will Alberta be the greenest energy producer in the world, our government will ensure we create one of the most efficient, timely and red-tape free jurisdictions on the planet to invest in energy – whether that be conventional, non-conventional, renewable or otherwise.”
Premier Smith has tasked our government with improving our regulatory capacity. She wants us to create the flexibility and nimbleness to have world class results in all our energy spaces. We will take bold steps in the oil sands as we work with Pathways Alliance to create the world’s first carbon abated major oil field.
We will take bold steps with non-conventional producers to make the most of our gas and liquids industries in the Montney and Duvernay. And we will continue to take bold steps to use our energy industry to drive economic opportunities and reconciliation for our indigenous communities.
We will take bold steps to make sure that Alberta continues to be one of the top global places to build wind and solar, while protecting farmland and viewscapes.
We will use the skills and Alberta know-how that spring from our oil and gas expertise to make breakthroughs in lithium development and helium exploration.
Alberta is the ideal place for energy investments in established energy sectors and emerging energy-related sectors like petrochemicals, hydrogen, ammonia, lithium, and helium.
We will continue to lead the world in carbon capture, utilization and sequestration. A technology that we have deployed at scale faster than almost any other jurisdiction.
Finally, Alberta will take advantage of our tremendous natural gas resources to make Alberta a global centre for petrochemical production in general. But more than that, we will specifically be the global leader in green petrochemicals made from our energy resources and greened by sequestering the carbon used in their production.
These are the bold ambitions that Premier Smith and our government have for Alberta’s energy sector. Alberta has the expertise, and the duty, to remain a major global energy supplier.
And allow me to end with one last quote from the Throne Speech: “The world needs more Alberta energy – not less – and Alberta’s government intends to empower Albertans to deliver it!”
Our government isn’t afraid to declare that Alberta is energy and energy is Alberta!
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