Nov 25, 2024, 7:59 PM
Nov 25, 2024, 7:59 PM

Alberta aims to de-risk pipeline investments without subsidies

Highlights
  • Alberta's government is exploring options to boost oil and gas exports without offering subsidies.
  • Premier Danielle Smith aims to create a favorable investment environment for private sector participation.
  • Expanding pipeline capacity is essential for meeting rising production levels and U.S. demand.
Story

In Alberta, Canada, the provincial government is actively seeking ways to enhance pipeline capacity and increase oil and gas exports to the United States. Premier Danielle Smith emphasized a strategy focused on 'de-risking' investments rather than funneling government funds into specific projects. The province's interest in expanding access to U.S. markets is particularly motivated by traditional support from U.S. leadership, as demonstrated in the aftermath of Donald Trump's presidential election victory. Alberta's government is exploring various methods for expansion, including partnerships with American pipeline companies and utilizing existing rights-of-way to facilitate greater export capabilities. With ongoing talks and plans, Alberta hopes to assure pipeline companies that a growing oil output will justify expansions of current infrastructure.

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