'We have to be bold': Saskatchewan, Alberta premiers on energy and restoring investor confidence
Alberta Premier Danielle Smith and Saskatchewan Premier Scott Moe are aiming for a joint front on energy, infrastructure and other issues.
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Smith and Moe discussed national energy security and Prime Minister Mark Carney's notion of Canada becoming an 'energy superpower' during an event hosted by Enserva, an energy sector association, at the Calgary Telus Convention Centre on Monday.
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Moe noted that he's 'cautiously optimistic' about the current situation, a shift from pessimism during the past several years under former Prime Minister Justin Trudeau.
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'There are some comments from this prime minister that I truly think we can get behind,' said Moe, highlighting Carney's notion of Canada becoming a 'global energy superpower.'
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Smith noted the importance of Alberta's exports south of the border and elsewhere. Oil from the province goes to 55 refineries in the U.S., 20 of which are 100 per cent reliant on Canadian oil. In addition, Alberta supplies almost 60 per cent of crude imports to the U.S. and more than 8.6 billion cubic feet of natural gas daily, according to Smith.
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According to ATB Economics, over 88 per cent of Alberta's exports were to the U.S. last year, nearly the same as in 2023. For 2024, energy products also accounted for 82 per cent of the province's exports to the U.S.
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'Our province is already a cornerstone of North American energy security, whether (the) U.S. president will admit it or not, we are critical to the United States' supply,' said Smith.
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Regarding some from the U.S. taking about 'American energy dominance,' Moe said: 'You need to put the word north in front of your statement, because there is no American energy dominance if you're not going to have North American energy dominance, North American security.'
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According to Moe, the opportunity is 'ripe' for Canada, and not shifting policies around energy would be the 'greatest missed opportunity that this nation has ever experienced.'
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