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UPDATE: Mikisew Cree Nation announces their support for the Teck Frontier project

Published

4 years ago

3 minute read

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Update – Premier Kenney on the announcement

Premier Kenney had this to say about the announcement: “The Government of Alberta made a promise to ensure our First Nations partners are true partners in prosperity. The Mikisew Cree, and every other First Nation looking to create new opportunities for their people are a part of this effort, and that is why we must highlight their voices. Our Indigenous partners understand that while we utilize the resources we inherit, we also must protect the land, which they have depended on for time immemorial.” – Premier Jason Kenney

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Background:

 from The Mikisew Cree First Nation

February 21, 2020

Wood Buffalo, AB – ​The Mikisew Cree First Nation have announced their support for the approval of the Teck Frontier Project. This decision was made using a community-based decision making framework aimed at ensuring a healthy future for our people and the Peace Athabasca Delta.

The First Nation reached this decision by evaluating the proponent’s environmental and social commitments and the mitigation and accommodation measures being brought to federal and provincial decision-makers against Mikisew’s Nikechinahonan Framework. That framework is aimed at ensuring the project is consistent with the health of Wood Buffalo National Park, the health of traditional resources, and the cultural, physical and social health of the Mikisew community.

Chief Archie Waquan noted that this moment came after a rigorous review of environmental and cultural studies in a 10-year consultation process led by elders and staff. “We applaud Teck, Canada and Alberta for working with us to identify ground-breaking measures to safeguard Wood Buffalo National Park, wood bison and our community. With the long term commitments from Teck, Alberta and Canada, we see a strong path for protecting Wood Buffalo National Park, the Ronald Lake Bison Herd and our culture and community if the project proceeds. That is how we got to today’s decision to confirm our support.”

In making its decision today, Mikisew leadership noted its appreciation for the hard work done by federal officials and the Government of Alberta to take Mikisew’s concerns seriously and contribute meaningful solutions to resolving them. Among other things, this includes actions relating to bison, community well-being, water quality and quantity and the creation of a new protected area. Mikisew urges both governments to commit to uphold and fully endorse the important commitments that have been developed to preserve the environment and culture if the project is approved.

Mikisew also urges both governments to use this process as a blueprint for future resource development decisions. The federal government, through a cabinet decision, stands to make a decision on the project next week.

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Alberta

Alberta government should eliminate corporate welfare to generate benefits for Albertans

Published on May 2, 2024

By

From the Fraser Institute

By Spencer Gudewill and Tegan Hill

Last November, Premier Danielle Smith announced that her government will give up to $1.8 billion in subsidies to Dow Chemicals, which plans to expand a petrochemical project northeast of Edmonton. In other words, $1.8 billion in corporate welfare.

And this is just one example of corporate welfare paid for by Albertans.

According to a recent study published by the Fraser Institute, from 2007 to 2021, the latest year of available data, the Alberta government spent $31.0 billion (inflation-adjusted) on subsidies (a.k.a. corporate welfare) to select firms and businesses, purportedly to help Albertans. And this number excludes other forms of government handouts such as loan guarantees, direct investment and regulatory or tax privileges for particular firms and industries. So the total cost of corporate welfare in Alberta is likely much higher.

Why should Albertans care?

First off, there’s little evidence that corporate welfare generates widespread economic growth or jobs. In fact, evidence suggests the contrary—that subsidies result in a net loss to the economy by shifting resources to less productive sectors or locations (what economists call the “substitution effect”) and/or by keeping businesses alive that are otherwise economically unviable (i.e. “zombie companies”). This misallocation of resources leads to a less efficient, less productive and less prosperous Alberta.
And there are other costs to corporate welfare.

For example, between 2007 and 2019 (the latest year of pre-COVID data), every year on average the Alberta government spent 35 cents (out of every dollar of business income tax revenue it collected) on corporate welfare. Given that workers bear the burden of more than half of any business income tax indirectly through lower wages, if the government reduced business income taxes rather than spend money on corporate welfare, workers could benefit.

Moreover, Premier Smith failed in last month’s provincial budget to provide promised personal income tax relief and create a lower tax bracket for incomes below $60,000 to provide $760 in annual savings for Albertans (on average). But in 2019, after adjusting for inflation, the Alberta government spent $2.4 billion on corporate welfare—equivalent to $1,034 per tax filer. Clearly, instead of subsidizing select businesses, the Smith government could have kept its promise to lower personal income taxes.

Finally, there’s the Heritage Fund, which the Alberta government created almost 50 years ago to save a share of the province’s resource wealth for the future.

In her 2024 budget, Premier Smith earmarked $2.0 billion for the Heritage Fund this fiscal year—almost the exact amount spent on corporate welfare each year (on average) between 2007 and 2019. Put another way, the Alberta government could save twice as much in the Heritage Fund in 2024/25 if it ended corporate welfare, which would help Premier Smith keep her promise to build up the Heritage Fund to between $250 billion and $400 billion by 2050.

By eliminating corporate welfare, the Smith government can create fiscal room to reduce personal and business income taxes, or save more in the Heritage Fund. Any of these options will benefit Albertans far more than wasteful billion-dollar subsidies to favoured firms.

Authors:

Spencer Gudewill
Policy Analyst, Fraser Institute
and
Tegan Hill
Associate Director, Alberta Policy, Fraser Institute
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Alberta

Official statement from Premier Danielle Smith and Energy Minister Brian Jean on the start-up of the Trans Mountain Pipeline

Published on May 1, 2024

By

Alberta is celebrating an important achievement for the energy industry – the start-up of the twinned Trans Mountain pipeline. It’s great news Albertans and Canadians as this will welcome a new era of prosperity and economic growth. The completion of TMX is monumental for Alberta, since this will significantly increase our province’s output. It will triple the capacity of the original pipeline to now carry 890,000 barrels per day of crude oil from Alberta’s oil sands to British Columbia’s Pacific Coast.
We are excited that Canada’s biggest and newest oil pipeline in more than a decade, can now bring oil from Edmonton to tide water in B.C. This will allow us to get our energy resources to Pacific markets, including Washington State and California, and Asian markets like Japan, South Korea, China, and India. Alberta now has new energy customers and tankers with Alberta oil will be unloading in China and India in the next few months.
For Alberta this is a game-changer, the world needs more reliably and sustainably sourced Alberta energy, not less. World demand for oil and gas resources will continue in the decades ahead and the new pipeline expansion will give us the opportunity to meet global energy demands and increase North American and global energy security and help remove the issues of energy poverty in other parts of the world.
Analysts are predicting the price differential on Canadian crude oil will narrow resulting in many millions of extra government revenues, which will help fund important programs like health, education, and social services – the things Albertans rely on. TMX will also result in billions of dollars of economic prosperity for Albertans, Indigenous communities and Canadians and create well-paying jobs throughout Canada.
Our province wants to congratulate the Trans Mountain Corporation for its tenacity to have completed this long awaited and much needed energy infrastructure, and to thank the more than 30,000 dedicated, skilled workers whose efforts made this extraordinary project a reality. The province also wants to thank the Federal Government for seeing this project through. This is a great example of an area where the provincial and federal government can cooperate and work together for the benefit of Albertans and all Canadians.
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