Recognizing the energy sector’s importance to the province’s past and future, Alberta’s government is officially declaring the week of June 6-10 as Energy Week in Alberta.
The industry contributes billions of dollars to Alberta’s economy and employs hundreds of thousands of Albertans and Canadians. Energy Week also recognizes Alberta’s potential to help meet growing demand for responsible energy and to strengthen global energy security.
New business, investment and partnership opportunities will also be the province’s focus at North America’s largest energy exhibition, which returns to Calgary this week. This year’s Global Energy Show, previously known as the Global Petroleum Show, will run from June 7-9 and bring together Canadian and global energy leaders in support of the sector.
“This week is all about highlighting that Alberta can – and should – be a big part of establishing global energy security. By producing and selling more Alberta energy, we can help reduce worldwide demand for energy from corrupt and dangerous regimes like Putin’s Russia. We are excited to tell this story and to welcome industry leaders to our province with our signature western hospitality.”
“Alberta is proud to be one of the most responsible producers of oil and gas globally and we are at the forefront of innovation and a diversified energy sector. As we recover from the pandemic, strong global demand for oil and gas is projected for decades to come. Alberta is well-positioned to meet that demand. We are excited to celebrate the industry’s achievements throughout Energy Week.”
“The future for Alberta’s energy industry is bright, with new and emerging opportunities to diversify into sectors like petrochemicals, plastics recycling and hydrogen. The dynamic, innovative and entrepreneurial spirit of our energy sector will power our province for decades to come and cement our place as a global supplier of clean, responsibly produced energy.”
“Our energy sector is diversifying at an unprecedented rate. I look forward to our province’s bright future and the role Alberta energy will play in our recovery and in the global energy transition.”
Minister Savage and Associate Minister Nally will lay the groundwork for new partnerships with key provincial, national and international delegates over the course of the three-day exhibition and conference.
Alberta’s presence at the show will also include the Alberta Pavilion – a hub of activity that will draw potential partners looking to learn more about Alberta’s technology innovation and leadership in responsible energy development through targeted industry presentations, meetings and exhibition space.
This year’s show will have a hybrid format, with in-person attendees and virtual components.
- In 2021, the mining, quarrying and oil and gas extraction sector was the largest sector in Alberta, accounting for 21.1 per cent of Alberta’s GDP.
- The sector remains the largest source of capital investment in Alberta at $18 billion in 2021, which made up 32 per cent of total capital expenditures in the province.
- In 2022, Alberta’s mining, quarrying and oil and gas extraction sector is expected to see capital expenditures increase by 23 per cent to $22.1 billion.
- In December 2021, Alberta had 4,314 businesses with employees in the mining, quarrying and oil and gas extraction industry, which made up 2.5 per cent of businesses with employees.
- Alberta has seen more than $5 billion in investment announced for generation projects – including more than $2 billion for utility-scale renewable projects – since July 2019.
- According to the Alberta Electric System Operator, Alberta currently has 2,449 MW of renewables under construction, 2,770 MW under regulatory approval and 15,357 MW announced and awaiting approval