Today both Premiers from Alberta and Saskatchewan attended a lunch hosted by the Energy Services, Supply, and Manufacturing Association (ENSERVA). Danielle Smith and Scott Moe's main agenda was discussing responsible maximization of energy production in the two provinces. Smith's speech highlighted taking advantage of Alberta's resources, which according to reserve estimates by McDaniels, "found that Alberta's proven reserves amount to 1.36 quadrillion cubic feet of gas, of which about 144 trillion are recoverable in today's technology, and 1.8 trillion barrels of oil, again, about 140,467 billion barrels are recoverable with today's technology. At a price that's been hovering around $60 for WTI, that's $9 trillion worth of value. There isn't a single country in the world that would leave $9 trillion worth of resource value in the ground, and that's what's at stake here.".The province's goal is "to double production, which we did about two years ago. And we are already on it," claims Smith.She also discussed how all seven provinces in Western Canada can work together to achieve these goals. "Nation building projects that can strengthen Canada's global competitiveness and energy independence, include a suite of strategic infrastructure projects — from West Coast pipelines to an enhanced rail corridor and increasing the capacity of Canada's existing pipeline network that will unlock trade, reduce reliance on the American market, and import oil and gas into the Maritimes, and support national unity.".She also addressed how Alberta's provincial and federal government can help reduce global emissions by exporting more Canadian natural gas. "The Fraser Institute has talked about how if we just displaced 20% of China's coal fleet with natural gas, that would reduce global emissions by 630 tons, megatons — which is almost as much as our entire production of CO2 in Canada in a given year. That's why LNG export is so vitally important if we're going to tackle the issue of emissions reduction and Alberta's low emissions. Natural gas is well positioned to serve Asia and other growing markets through competitive shipping routes, and also several countries have made direct appeals for Canadian natural gas," said Smith.Premier Moe stated in his speech how Alberta and Saskatchewan working together is essential, since both provinces have felt the impact of federal policies on the energy sector. ."Those policies have actually hindered the investment into this particular industry, and other industries, causing some of the Canadian outcomes to be weaker in terms of our economic indicators, like our GDP per capita. What policies and areas do we need to really look at in order for us to aspire to become a global energy superpower?""Well, first, there's a number of regulatory policies, and you hear myself and Premier Smith and others talking about those regulatory policies — including C-69, which needs to be revamped, the emissions cap, and the tanker ban."During the fireside chat, both premiers also discussed Bill C-5, which is meant to remove federal trade barriers from interprovincial goods and services..Danielle Smith discussed further Alberta's proposal for nation building which was, "A Northwest BC Coast bitumen pipeline in conjunction with the pathways projects. We think if we can build those together — cost $10 to $20 billion probably to build the Pathways project — but if you can build a million barrel a day bitumen pipeline now, you're making $20 billion a year, year after year for the foreseeable future."When asked how successful Canada will be in the future without, meeting our economic potential in the energy sector, Smith claims the government must address the policies that are investment killers to preserve Canada's economic prosperity. "One, of course, is we need a substantial rewrite of Bill C-69 and end the emissions cap. There's no point in investing in increased production if you're essentially going to cap the amount of emissions on a bridge time frame that makes it impossible to achieve.".On Alberta and Saskatchewan working together, Premier Moe says to fight the regulatory bills requires collaboration. "Over the next few years, we have the greatest opportunity to work together with our conservative friends on the federal level, and with the United States, through which we could see economic growth in this nation unlike anything we've seen in my lifetime."
