Dow to invest billions in Alberta
Episode Stats
Words per Minute
186.27087
Summary
Learn English with Alberta s Premier Rachel Notley. Rachel talks about Dow Chemical's decision to invest $1.8B in a net zero ethylene and derivatives complex in Alberta, and the benefits it will bring to the province.
Transcript
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But it truly is a great day for the people of Fort Saskatchewan, for Albertans and for all Canadians.
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It's a day that's been in the works, as you've heard for a number of years, and we are absolutely thrilled
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that Dow Chemical will build the world's first net zero ethylene and derivatives complex right here
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in Alberta's industrial heartland. This investment is a vote of confidence in Alberta.
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It reinforces the work that we have done to ensure our province is the best place in the country
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to invest and to do business. We have what the world needs, and I'm pleased to say that Dow has
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recognized that, citing our natural gas and ethane as some of the reasons that they chose to make this
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investment in Alberta. In addition, we've got low taxes, a strong focus on reducing red tape,
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and our Alberta Petrochemicals Incentive Program, or APIP. APIP has been crucial in attracting this
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investment, and through the various phases of the project, will contribute approximately $1.8 billion.
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APIP has been doing exactly what it was designed to do, attract investment, and because it's working,
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Alberta can look forward to thousands of construction jobs and hundreds of permanent positions through
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Dow's investment. It is another step forward in expanding Alberta's diversified energy economy as we
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do more with our resources and add value to them, and it's further proof of our province's determination
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to reach carbon-neutral status by 2050 by developing carbon capture utilization and storage technology,
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which is why we also announced the new Alberta Carbon Capture Incentive Program yesterday to dovetail
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with the announcement that the federal government has made. Progress in Alberta will also create big
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gains in the entire country. The world needs Alberta's oil and gas in every form, from crude to refined.
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It needs more Canadian energy for security, for stability, for peace, and for prosperity. Alberta can
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support Canada's international reputation as a dependable, democratic, stable supplier of energy
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products, and we can do more and do it more sustainably than ever, as we steadily reduce emissions
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from production. The result will be hundreds of billions of dollars in revenues and thousands more
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jobs in supporting industries all across Canada. All of this is cause for a celebration, and I am grateful to
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everyone who made today's decision possible. As you know, it started before me, thanks to our former
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Premier Jason Kenney, as well as our former Environment Minister and Energy Minister Sonja Savage, Doug Schweitzer,
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Dale Nally, and Jason Nixon, who all worked together to help move this project forward, and thanks again
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to the folks at Dow for your continued faith in Alberta. This decision is full of promise for Alberta's
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energy industry. I look forward to seeing that promise realized in full, and the next time Minister
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Champagne and I share a stage, we'll be in Dubai at COP28, and I'm so glad you've given us such a great