Western Standard - Federal Government’s Proposed Emissions Cap On Alberta’s Oil And Gas Sector

Learn English with Rachel Notley, Alberta s First Lady, in response to the federal government's proposed de facto production cap on Alberta's oil and gas sector. Rachel says the proposed cap is an attack on Alberta s economic and social well-being, and she calls on the Trudeau government to withdraw it.

00:00:00.000 But today's announced de facto production cap on Alberta's oil and gas sector amounts to an intentional attack by the federal government on the economy of Alberta and the financial well-being of millions of Albertans and Canadians.

00:00:13.020 Alberta owns our resources, and under the Constitution, we have the exclusive jurisdiction to develop them and to manage them.

00:00:19.240 And we've done so responsibly by setting a price on carbon as far back as 2007, developing a carbon offset and trading program, investing billions in commercial scale carbon capture.

00:00:30.000 Utilization and storage, creating an innovation fund that has so far supported more than 260 emissions-reducing project with $2.6 billion worth of grants, and by establishing a clearer framework for reaching carbon neutrality across our entire economy by 2050.

00:00:45.440 With his pronouncement today, singling out the oil and gas sector alone for punitive federal treatment, Justin Trudeau and his Eco-Extremist Minister of the Environment and Climate Change, Stephen Gibault, are risking hundreds of billions of dollars in investments in Alberta's and Canada's economy and core social programs.

00:01:02.220 They're devaluing the retirement investments of millions of Canadians, and they're threatening the jobs of hundreds of thousands of Albertans.

00:01:09.440 And ironically, they're also significantly undercutting global emissions reduction efforts by effectively de-incentivizing capital investment by the oil and gas sector in the emissions-reducing technologies and fuels that the world needs Alberta to develop and share.

00:01:23.480 This proposed cap also undermines the unity of our country, and Albertans will not tolerate it.

00:01:29.260 Our province is simply done with what amounts to a steady stream of economic sanctions and punitive measures thrown upon our citizens and businesses to intentionally damage their livelihoods and the economic engine that disproportionately powers our national economy and the programs that Canadians rely on.

00:01:44.940 So over the coming months, our cabinet and our caucus will develop constitutional shields in response to this and other recent attacks on our province by what is fast becoming one of the most damaging federal administrations in Canadian history.

00:01:57.900 Alberta will continue to implement our emissions reduction and energy development plan to achieve a carbon-neutral economy by 2050 through a combination of investments in emission-reducing technologies combined with practical emission offsets,

00:02:11.180 all while continuing to develop Alberta's world-class natural energy resources for Canada and for the world.

00:02:18.320 The Alberta, the federal government must stay out of our province's constitutional jurisdiction and instead work with us to align our emissions reduction efforts with our effective Made in Alberta plan.

00:02:28.980 We have been working with them for the last several months on that effort, and we hope with this statement that they will now take us up on that offer and withdraw this proposal.

00:02:41.180 The Florence is for the Shifted Building. 0.98

00:02:42.440 The

Western Standard - December 07, 2023

Federal Government’s Proposed Emissions Cap On Alberta’s Oil And Gas Sector

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