Michael Bernstein, Clean Prosperity’s President and CEO, made the following statement in response to today’s announcement by the Government of Alberta.
“The Alberta Government’s proposed new pipeline project could be part of a grand bargain between the provincial and federal governments on climate and energy policy.
Growth in energy production should be pursued in tandem with decarbonization. It’s what the world wants, and it’s what we need to deliver together as a country.
Michael Bernstein, president and chief executive officer, Clean Prosperity
“Growth in energy production should be pursued in tandem with decarbonization. It’s what the world wants, and it’s what we need to deliver together as a country.
“This pipeline, combined with the construction of the Pathways carbon capture project, could be the next phase of a grand bargain between the federal and Alberta governments. This is a project that could help fulfil our shared provincial and national ambition to be an energy superpower, while protecting our long-term carbon competitiveness.
“To realize this vision, Ottawa and Alberta must work together on carbon market reforms that keep Albertan industry competitive while also accelerating the growth of the low-carbon economy.
“To drive this expansion, the federal and provincial governments should jointly offer carbon contracts for difference to guarantee the carbon-credit revenues that companies will earn from their investments in decarbonization. Strong carbon markets can unlock tens of billions worth of investments in Alberta and across Canada.
“This project could mark the beginning of a low-carbon economic expansion that will transform Alberta into a diversified energy powerhouse.”
Contact: media@cleanprosperity.ca
