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You can help reach more Albertans with a contribution of as little as $5. Any amount you can afford would be gratefully accepted.
You can help Team Nenshi reach more Albertans with a contribution of as little as $5. Any amount you can afford would be gratefully accepted.
Rachel Notley announced another major private instement in a project that will help diversify Alberta’s economy, support hundreds of jobs and add value to our energy resources.
The new $600-million petrochemical upgrading facility would help make more household products derived from propane. The major investment is part of Notley's Made-in-Alberta energy diversification strategy and a strong vote of confidence by the private sector.
“For decades, Albertans settled for less while new jobs and investment went south of the border,” Notley said. “We’re fighting for a Made-in-Alberta plan because it means more good jobs and top dollar for energy resources that belong to all Albertans.”
After years of boom and bust, Notley has fought hard to implement the biggest economic diversification since Peter Lougheed.
The new Inter Pipeline Ltd. project is just the latest in a series of new projects that will upgrade products right in province, instead of shipping them away. So far, the Made-in-Alberta plan has created an estimated 10,000 jobs and $12.6 billion in private investment. Notley has also aggressively attracted billions of private investment in renewable energy, small businesses and high tech.
Calgary firm unveils plan for $600M petrochemical upgrading facility
Read more on cbc.caInter Pipeline produces propylene at its facilities east of Edmonton. The new project will help turn those energy products into building blocks for adhesives, floor polishes and paints. Construction will create about 600 jobs for more than two years, with another 50 long-term positions supporting the local economy once the facility is fully up and running.
Energy diversification is a shrewd strategy to inject billions into Alberta’s economy while protecting the province from the effects of wild commodity price swings.
We’ve made it clear that Alberta is open for business, and investors are certainly getting the message.
Yet Jason Kenney opposes the strategy, threatening to rip up contracts for billion-dollar private investments. Instead of strategic investment in the energy sector, Kenney plans to hand out the biggest corporate tax giveaway in Canadian history. While his plan will make profitable corporations more profitable, it’s unlikely to accelerate the diversification of Alberta’s economy.
On the contrary, Kenney’s risky ideological plan will create another massive hole in Alberta’s budget. Kenney is arguing against tying health care and education funding to population growth, while suggesting that tax cuts will pay for themselves.
“We’ve made it clear that Alberta is open for business, and investors are certainly getting the message,” said Notley. “What could be better than Alberta hands working to ensure Alberta’s resources fetch the best possible price on the market?”
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