“Today, Minister of Energy and Natural Resources Jonathan Wilkinson released a paper reannouncing a host of new investment tax credits and programs for renewable electricity projects and technology upgrades.
“Under normal circumstances, this would be welcome news. Unfortunately, the federal government has a track record of announcing tax credits and programs and then failing to follow through.
“The amount of funding announced today, approximately $40 billion, is also a pittance compared with the estimated $1.7 trillion in funding that would be required to fully transition the grid by 2035.
“Alarmingly, reports indicate that Minister Wilkinson and Minister of Environment and Climate Change Canada Steven Guilbeault are considering prohibiting access to these funds, should they ever become available, to provinces that will not commit to their unrealistic 2035 timeline. This would obviously penalize the provinces most in need of assistance in transitioning to a carbon-neutral grid, including Alberta.
“Alberta will not recognize any target that will massively drive up the cost of Alberta power bills while simultaneously risking the integrity of Alberta’s grid.”
Rebecca Schulz, Minister of Environment and Protected Areas
“We are rapidly reducing emissions, but Ottawa’s goal for net zero by 2035 is overly ambitious and poses significant challenges for electricity reliability and affordability. Not to mention, their upcoming Clean Electricity Regulation and other policies are driving instability and uncertainty.
“I am pleased that the federal government acknowledges the need for natural gas-powered electricity to back up intermittent renewable power from wind and solar. Alberta is committed to reducing emissions while still maintaining a safe, reliable, affordable and sustainable electricity system.
“Alberta is Canada’s leader in renewable electricity development. However, there are many concerning issues around the rapid pace of development, which is why we have recently paused approvals to review how renewable projects move forward. We know that renewables will play a key part in Alberta’s electrical grid, but it is essential that we do this right so Albertans are able to count on reliable electricity without intermittency.
“Alberta’s unique grid is disproportionately impacted by these federal ambitions. There must be careful consideration for the competitive, deregulated aspects of Alberta’s system to minimize economic impacts on Alberta families and businesses.”
Nathan Neudorf, Minister of Affordability and Utilities