Friday, February 22, 2019
Alberta, Canada has an opportunity to become one of the most attractive places in the world for oil and natural gas investment, but only if Albertans vote for energy in the next provincial election, and insist political parties adopt policies aimed at enhancing industry competitiveness. That is according to the Canadian Association of Petroleum Producers (CAPP), which has authored an Alberta energy platform titled Oil and Natural Gas Priorities for a Prosperous Alberta.
The platform sets out aspirational goals and policy recommendations focused on four priority areas, including market access, regulatory competitiveness, climate policy, and fiscal and economic policy. In its platform, CAPP pro- vides information about the challenges facing Alberta’s oil and natural gas industry, as well as action-oriented recommendations. The association seeks to inform Albertans and political parties how the province can get back on track and supply energy to the world. Noted is that the success of the province is largely tied to a strong oil and natural gas industry; a vote for energy moves Alberta toward a more prosperous future.
CAPP’s recommendations advocate a strong growth scenario for the oil and natural gas industry in Alberta, increasing its competitiveness in the global energy market and attracting investment back to the province. The association’s energy platform sets out goals to ensure the rate of Alberta’s oil and natural gas supply doubles in growth and helps meet global demand; displaces less-responsible sources of supply; doubles investment in Alberta; and makes Canada the fourth-largest oil producer and third-largest natural gas producer in the world.
“In the upcoming provincial election, it’s important all Albertans vote for energy at the ballot box,” CAPP emphasizes. Its energy platform is to inform all Albertans of the concerns and vision of the oil and natural gas business in a manner that is nonpartisan and is not advertising. “The business of energy is the business of every government of Alberta regardless of its political persuasion. CAPP does not support or oppose any particular registered party or candidate.”
“Albertans need to be well-informed and have a clear picture of how we can make our province better before heading into the election,” said Tim McMillan, president and CEO of CAPP. “A vote for energy sends the message that Alberta can, and should, be supplying energy to the world.” He added that 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.”
The association highlights that a healthy oil and natural gas industry benefits all Albertans and builds on the backbone of the economy. Further, the energy plat- form is achievable. By increasing competitiveness globally, investment can be attracted to create jobs and grow production. Further, the oil and gas industry supported more than 20,000 businesses across Alberta in 2015. However, capital investment across Canada’s oil and gas industry fell to about $41 billion in 2018, down from $81 billion in 2014. Finally, Canada’s energy industry is committed to climate leadership and accelerating environmental performance through innovation.
(SOURCE: The Weekly Propane Newsletter, February 19, 2019)
The platform sets out aspirational goals and policy recommendations focused on four priority areas, including market access, regulatory competitiveness, climate policy, and fiscal and economic policy. In its platform, CAPP pro- vides information about the challenges facing Alberta’s oil and natural gas industry, as well as action-oriented recommendations. The association seeks to inform Albertans and political parties how the province can get back on track and supply energy to the world. Noted is that the success of the province is largely tied to a strong oil and natural gas industry; a vote for energy moves Alberta toward a more prosperous future.
CAPP’s recommendations advocate a strong growth scenario for the oil and natural gas industry in Alberta, increasing its competitiveness in the global energy market and attracting investment back to the province. The association’s energy platform sets out goals to ensure the rate of Alberta’s oil and natural gas supply doubles in growth and helps meet global demand; displaces less-responsible sources of supply; doubles investment in Alberta; and makes Canada the fourth-largest oil producer and third-largest natural gas producer in the world.
“In the upcoming provincial election, it’s important all Albertans vote for energy at the ballot box,” CAPP emphasizes. Its energy platform is to inform all Albertans of the concerns and vision of the oil and natural gas business in a manner that is nonpartisan and is not advertising. “The business of energy is the business of every government of Alberta regardless of its political persuasion. CAPP does not support or oppose any particular registered party or candidate.”
“Albertans need to be well-informed and have a clear picture of how we can make our province better before heading into the election,” said Tim McMillan, president and CEO of CAPP. “A vote for energy sends the message that Alberta can, and should, be supplying energy to the world.” He added that 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.”
The association highlights that a healthy oil and natural gas industry benefits all Albertans and builds on the backbone of the economy. Further, the energy plat- form is achievable. By increasing competitiveness globally, investment can be attracted to create jobs and grow production. Further, the oil and gas industry supported more than 20,000 businesses across Alberta in 2015. However, capital investment across Canada’s oil and gas industry fell to about $41 billion in 2018, down from $81 billion in 2014. Finally, Canada’s energy industry is committed to climate leadership and accelerating environmental performance through innovation.
(SOURCE: The Weekly Propane Newsletter, February 19, 2019)
