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‘We go to the wall for you,’ Alberta Premier tells energy producers

Federal government says it is ‘biggest obstacle’ to growth in Canada’s oil and gas industry

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Alberta’s Prime Minister Daniel Smith called the federal government “the biggest obstacle” to the growth of Canada’s oil and gas industry, in a defiant speech before a packed gathering of Canadian oil and gas drillers. He declared himself to be a “strong supporter” of the department. Calgary.

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“I want you to know from the start that this government has a loyal following,” Smith said, explaining how he would govern the heart of Canada’s energy industry after a month of work. “We will fight for you, we will go to the wall for you.”

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Smith told the more than 400 people who gathered at the Canadian Association of Energy Contractors’ (CAOEC) annual industry situation event on November 23 that her government would use every means at its disposal to “fight the federal government.” ‘too much,’ he said, arguing for state jurisdiction. its natural resources.

“The biggest obstacles facing the growth of this sector are not the oil fields, nor the global market. They are located in a building about 2,400 miles east of the Capitol. Without a doubt, we face the following triple threat: The hostility, ideology and incompetence seen by the current federal government,” Smith said, giving a warm round of applause.

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The prime minister, who was sworn in on Oct. 24, is the subject of her controversy in the state legislature next week after winning the United Conservative Party leadership election to replace troubled former prime minister Jason Kenny. I plan to submit a sovereignty bill.

Smith said Alberta’s sovereignty within the laws of the Union of Canada asserts the province’s ability to ignore federal laws it deems unconstitutional. One of his potential goals could be Ottawa’s proposed oil and gas emissions cap. Details will be announced in the spring.

Smith blamed Ottawa for a flurry of federal climate policies, including a federal carbon tax on fuel and Bill C-69. Critics say activists have complicated approval of energy projects by creating additional opportunities to hinder progress.

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“While it’s tragically easy for activists and grandstanders to play make-believe about the realities of the Canadian economy, Albertans are more down-to-earth than that,” Smith said. “We know Alberta is the engine that drives Canada’s prosperity, and the energy sector is just the fuel for that engine.

“I can’t speak for others, but … from the Alberta government’s perspective, let me be clear: We will always stand by you in the industry.”

Smith’s remarks were warmly received. Much of the industry enjoyed record cash flows in the past 18 months as Russia’s invasion of Ukraine disrupted already-stretched global supplies and sent prices skyrocketing. I’ve been

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Still, CAOEC said in its 2023 forecast that it expects more drilling activity to take place next year. The industry continues to push the federal government for new tax credits, but says it needs to help decarbonize the energy sector.

According to The Canadian Press, CAOEC expects 6,409 wells to be drilled in Canada in 2023, an increase of about 15% from 2022.

Headwater Exploration Inc. President and COO Jason Jaskela said: Resources, obviously we all know that’s not true. Capital was hard to come by, prices were dropping and we were right sizing all kinds of businesses but really , the capital market was not open. We kind of transitioned from that. We are now in an environment where I believe energy security is very important. Capital is finally returning to the sector as the industry generates more revenue. ”

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Smith had some nice things to say about Prime Minister Justin Trudeau’s government. She approved Ottawa’s Innovation and Emissions Reduction (TIER) program, the state’s system for pricing and regulating industrial greenhouse gas emissions, as meeting increasingly stringent federal climate standards over the next decade. He said he was happy with what he did.

The Chancellor also triumphed over the news that Federal Environment Minister Stephen Guilbeau refused to back a failed proposal to get signatories to commit to a complete phase-out of fossil fuels at COP27. .

“The federal government needs to listen when we claim our right to exploit our natural resources, and they’re starting to get the message,” Smith said.

• Email: mpotkins@postmedia.com | Twitter:

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‘We go to the wall for you,’ Alberta Premier tells energy producers

Source link ‘We go to the wall for you,’ Alberta Premier tells energy producers

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