Top Location for Renewable Investment

Alberta is a leading renewable, carbon capture and geothermal investment destination with billions invested since July 2019.

Major oil companies that produce 90% of oil production in Canada – mainly in Alberta, have committed to net-zero by 2050. The oil and gas sector are the largest contributors of cleantech spending in Canada, accounting for 75% of annual spend.

As of January 2020, Alberta’s industrial carbon pricing framework has already offset 175 million tonnes (193 million US tons) of emissions. Alberta is regulating to reduce methane emissions by 45 percent by 2025.

Canada LNG for electricity would equal 65% fewer emissions than coal, the equivalent to removing 22 million cars, providing an opportunity to help global energy markets decarbonize.

Secure $30 billion for CCUS investment over the next 10 years to offset 60Mt of emissions.

Innovate further reductions in oil sands’ carbon intensity up to 23% by 2030.

Alberta Carbon Trunk Line is the largest CCUS system in the world, with capacity to transport up to 14.6 million tonnes of Co2 per year, equal to removing 3 million cars.

Indigenous consultation and participation are foundational to the development of Alberta’s natural resources. Over 400 Indigenous-owned enterprises from over 65 communities generate $3.33 billion each year as suppliers to the energy sector, which directly supports the operating budgets and employment in respective communities.

Alberta’s Mineral Strategy is mapping sustainable mining projects to develop the energy systems and technologies that will continue to drive a net zero future including investing $28 million for Geothermal Resource Development and the Mineral Strategy.

Emissions Reduction Alberta has supported over 200 projects to eliminate 37.7 Mt of emissions, create 30,000 jobs and $4.5 billion in GDP by 2030.

$449 million in stimulus funding over four years through the Technology Innovation and Emissions Reduction (TIER) system to reduce emissions and position Alberta as a global sustainable energy leader.

Alberta is one of the leading jurisdictions for renewable, geothermal and cleantech energy investment in North America. More than $2B of renewable power developments have been unveiled in Alberta since July 2019.

Alberta has signed an MOU with Ontario, Saskatchewan and New Brunswick to explore advanced nuclear technology development to further decarbonize the provincial economy.

Decreasing emissions from electricity generation by 60% from 2005 levels through the phase out of emissions from coal-fired power by 2023, ahead of many European countries.

In 2019, Edmonton became one of only 32 cities in the world to have become fully compliant with its Global Covenant of Mayors for Climate and Energy commitment.

Recognized internationally for our ESG performance by the Yale Environmental Performance, World Bank Governance and Social Progress indices.

Canada’s oil and gas sector has been the largest spender on cleantech investing, 75% of the $1.4 billion spent annually.

Invest $136 million by 2030 in upskilling our workforce to ensure they have the skills and the ingenuity to tackle today’s problems and provide sustainable solutions for tomorrow.

In 2014-15, oil sands developments accounted for $3.3 billion of business with 399 Indigenous-owned businesses in 65 communities in Alberta.

The Alberta Indigenous Opportunities Corporation, is providing up to $1B in financing for Indigenous led projects to advance Indigenous leadership in natural resource development.

According to Worley Parsons of ten leading oil and gas jurisdictions, Alberta was recognized for its leadership and regulatory framework.

Alberta’s flaring standards were adopted by the World Bank’s Global Gas Flaring Reduction Partnership.

Alberta was the first jurisdiction in Canada to regulate and put a price on carbon emissions and has been doing so since 2007. Carbon tax revenues are then invested into emissions reductions across the economy, cutting carbon and driving a sustainable future.

Alberta was the first jurisdiction to enact legislation on land reclamation over 50 years ago.

Through the Methane Reduction Framework, over $300 million invested to-date in methane reduction projects and a target of 45% reduction in methane by 2025.