Preserving Canada’s Economic Prosperity Act

Bill 12 was introduced to give the province the power it needs to restrict the export of crude oil, natural gas and refined fuels.

Status: Bill 12 introduced April 16
Ministry responsible: Energy

Overview

Roadblocks put in place by the British Columbia government have resulted in pipeline delays that have caused the Canadian economy to lose out on millions of dollars of revenue every day – revenue that could have been used to build roads, schools and hospitals and keep thousands of Canadians working.

Bill 12: Preserving Canada's Economic Prosperity Act has been introduced to defend Alberta's energy industry and maximize the value of our natural energy resources.

Export licences

If passed, Bill 12 would give the government authority to require companies to obtain a licence before exporting energy products from Alberta via pipeline, rail or truck, including:

  • natural gas
  • crude oil
  • refined fuels, such as gasoline, diesel and jet fuel

Export licences would be required for every company and only if the energy minister determines it’s in the public interest to ensure:

  • adequate pipeline capacity is available to maximize the return on resources
  • supply is maintained for Alberta's needs, now and into the future

Licences may be issued for lower amounts than what was previously being exported. Further details on the application process would be included in the forthcoming regulations.

Imports of products into Alberta are not currently subject to any restrictions.

Fact sheet: Preserving Canada's economic prosperity (PDF, 51 KB)

Offences

If passed, 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

Stakeholder consultations

Preliminary discussions have been held with stakeholders during the development of this legislation. We are committed to working closely with affected stakeholders throughout the implementation of the act, if it is passed.

We recognize the importance of the oil and gas sector, both as an economic driver and as an employer of thousands of Albertans. The effective implementation of the act is an important step to defend Alberta’s workers, our economy and our progress on climate change.

Timeline

If passed, Bill 12 would come into force upon proclamation.

News

Preserving Canada's economic prosperity (April 16, 2018)