Table of contents
- Streamlining professional governance laws
- Modernizing Alberta’s electricity system
- Implementing red tape reduction
- Modernizing condominium laws
- Enabling energy rebates
- Providing Albertans extra job protection
- Diversifying Alberta’s insurance sector
- Reforming teacher profession discipline processes
- Enhancing sexual assault law education
- Innovating the finance sector
- Making trust laws more efficient
- Transforming continuing care
- Protecting the health of women and girls
- Strengthening public’s right to know
- Designating Alberta's official gemstone
- Protecting roadside workers
- Delivering certainty for public health rules
- Recognizing special days
- Implementing Budget 2022
- Recognizing the Platinum Jubilee
- Renaming Calgary constituency
- Putting students first
- Improving Alberta’s waste management
- Protecting and preserving Alberta’s outdoors
- Improving the affordable housing system
- Restoring tax accountability
- Upholding the value of artists to Alberta
- Strengthening infrastructure planning
- COVID-19 civil liability protection
- Modernizing post-secondary education
- Modernizing public health laws
- Empowering citizen initiatives
- Holding elected officials accountable
- Improving child care
- Establishing the Heroes' Fund
- Strengthening the financial sector
- Financing transportation projects
- Modernizing justice and policing
- Attracting job creating investment
- Improving public health care
- Restoring balance in Alberta’s workplaces
- Strengthening democracy in Alberta
- Making Alberta roads safer
- Strengthening mental health care
- Creating an Alberta Parole Board
- Supporting victims of crime and public safety
- Alberta Sovereignty within a United Canada Act
- Strengthening Alberta’s justice system
- Introducing the Alberta Firearms Act
- Protecting property rights
- Protecting survivors of human trafficking
- Modernizing Alberta's Police Act
- Preserving Canada's economic prosperity
- Protecting critical infrastructure
- Carbon tax repeal
- Job Creation Tax Cut
- Public sector wage arbitration deferral
- Alberta Senate Election Act
Status: Bill 72 received royal assent on June 17, 2021
Ministry responsible: Energy
The Preserving Canada’s Economic Prosperity Act, gives the Minister of Energy the authority, if necessary, to restrict the export of crude oil and natural gas from Alberta.
This authority can protect the economic interests of Alberta and ensure we receive maximum value for our natural energy resources.
The act replaced a previous act with the same name and came into effect retroactively to May 1, 2021.
The Act gives the government authority to require companies to obtain a licence before exporting natural gas and crude oil from Alberta via pipeline, rail or truck.
Export licences are required for every company only if the energy minister determines it’s in the public interest.
Licences may be issued for lower amounts than what was previously being exported.
Imports of products into Alberta are not currently subject to any restrictions.
Anyone who fails to comply with the act, its regulations or a term or condition of a licence may face fines up to:
- $10 million per day for companies
- $1 million per day for individuals
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