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The National Energy Program (French: Programme énergétique national, NEP) was an energy policy of the Canadian federal government from 1980 to 1985. The economically nationalist policy sought to secure Canadian energy independence, though was strongly opposed by the private sector and the oil-producing Western Canadian provinces, most notably Alberta.
According to the Edmonton Journal, Commissioner Allan recommended that the Alberta government, "update transparency standards for non-profits and charities, engage in dialogue with First Nations communities to explore economic development opportunities", "work to re-brand Canadian energy with a strategy "built on a vision of being a global leader in lower carbon energy and climate solutions ...
The aim of the National Oil Policy was to promote the Alberta oil industry by securing for it a protected share of the domestic market. Under the policy, Canada was divided into two oil markets. The market east of the Ottawa Valley (the Borden Line) would use imported oil, while west of the Borden Line, consumers would use the more expensive ...
Due to the high oil prices of the 1970s Alberta experienced a boom in its oil sector and the entire economy as a whole. In October 1980, the National Energy Program (NEP) was created by the federal government under Prime Minister Trudeau, and support for Alberta separatism and anger toward the federal government reached new level of popular ...
Pathways Alliance's major project is a potential $16.5 billion carbon capture and storage network to be constructed in northern Alberta. [4] As of May 2024, the proposed CCS network aims to capture CO2 emissions from over 20 oilsands facilities in northern Alberta and transport them via a 400-kilometer pipeline to an underground storage hub near Cold Lake.
The Sturgeon refinery is owned and operated by the Canadian Natural Resources Ltd. and the Alberta government. On July 6, 2021 Premier Jason Kenney announced that the province of Alberta had acquired a 50% "equity stake" in the Sturgeon Refinery through the APMC, which now owns the "stake previously owned by Calgary-based North West Refining Inc."
According to a 2015 University of Alberta's Parkland Institute report by Jim Roy, who was a senior advisor for Royalty Policy for Alberta Energy from 1985 to 1993, from 2010 to 2015 Alberta collected $13.5 billion less in royalty than in the previous five years. Instead of getting the expected $2 billion per year increase, Alberta saw a $3 ...
Alberta's net debt was $27.5 billion by March 2019, which represents the end of the 2018-19 fiscal year (FY). [45]: 70 [46] By November 2018, Alberta's government expenditures were $55 billion while the revenue was about $48 billion, according to a report by the University of Calgary's School of Public Policy (SPP) economist, Trevor Tombe.