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Alberta

Alberta Budget 2021

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Budget 2021 is focused on what matters most: protecting lives and livelihoods as we face one of the most difficult times in our history.

We will spend a record $23 billion on health care and there’s an additional $1.25 billion specifically to fight the pandemic.

The budget will also support jobs now and into the future. Over the next 3 years, we will spend $1.5 billion to develop key sectors and diversify the economy, and $20.7 billion to build new roads, schools and hospitals.

Over the course of the fiscal plan, our approach to responsible and stable spending will also help bring down overall per capita expense.

Economic outlook

Alberta’s economic outlook is slightly more positive than reported in 2020. Alberta’s economy (measured by real Gross Domestic Product, or GDP), is expected to partially rebound by 4.8% in 2021. The economy is now expected to reach pre-COVID levels in 2022.

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Overview

Protecting lives and livelihoods.

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Revenue

While Alberta’s revenue has been negatively impacted by the pandemic and reduced energy demand, it is starting to grow again. Provincial revenue is projected to be $43.7 billion in 2021-22, an increase of 3.3% from the forecast for 2020-21.

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Expense

Budget 2021 is making the right investments. The fiscal plan ensures the health care system can continue to manage the COVID-19 pandemic, helps support measures that will drive long-term economic recovery for a financially sustainable future, and ensures efficient delivery of services to Albertans.

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Capital plan

The Capital Plan remains a key element of the government’s recovery strategy. The 3-year plan will support tens of thousands of jobs and invest in strategic infrastructure projects that will help spur economic growth.

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What Budget 2021 means for you

Budget 2021 continues to provide social supports for those who need them, including children, families, seniors and vulnerable Albertans. It maintains funding for all current programs, including income and employment support, disability services and help for people experiencing homelessness or fleeing violence.

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Watch the news conference

Finance Minister Travis Toews provides details on Budget 2021.

Read the budget address

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Alberta

Male suspect involved in tragic incident between Beaumont and Edmonton sought by police; EPS release photos of suspect

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News release from the Edmonton Police Service (EPS)

The Edmonton Police Service (EPS) is assisting the RCMP with the investigation into a tragic incident that claimed the life of an innocent woman last night on 50 Street.

Yesterday, Saturday, Feb. 24, 2024, at approximately 9:40 p.m. various EPS resources were deployed to the area of 50 Street and 22 Avenue SW at the request of the RCMP. It was reported to police that RCMP attempted to conduct a traffic stop on a suspicious U-Haul in Beaumont, when the vehicle fled. The U-Haul subsequently travelled north on 50 Street into Edmonton, where it struck and killed a woman inspecting the exterior of her vehicle. Moments later the U-Haul came to rest just outside a gas station off of 22 Avenue and 50 Street.

After crashing the U-Haul, the male suspect then reportedly stole a Honda Civic that was parked outside the gas station with a child inside. Police did consider an Alert to the public at the time, though thankfully the child was located unharmed in the area of 66 Street and 25 Avenue minutes later. The suspect then fled the scene in the Honda Civic. The stolen vehicle has since been recovered outside of Edmonton.

The EPS and RCMP continue to actively seek the identity and whereabouts of the male suspect described as being approximately 5’11” who was last seen wearing a black hoodie with white text on the front, brown shorts and black shoes. CCTV photos of the suspect are included below.

“We are incredibly saddened to hear about the tragic death of the innocent woman who was killed on 50 Street,” says Det. Nigel Phillips with the EPS Investigative Response Team. “Our hearts are with her family and friends who will now have to carry on with this unfathomable loss.”

“We are doing everything we can to track down the suspect and we trust the public will help us identify and locate him as soon as possible.”

Assist to identify and locate: Male suspect running in area of 50 Street & 22 Avenue SW
While the RCMP is leading this investigation, the EPS is assisting and working collaboratively with its law enforcement partners.

Anyone with information about the suspect’s identity and/or their whereabouts is asked to contact the EPS immediately at 780-423-4567 or #377 from a mobile phone. Anonymous information can also be submitted to Crime Stoppers at 1-800-222-8477 or online at www.p3tips.com/250.

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Alberta

Low emissions, Indigenous-owned Cascade Power Project to boost Alberta electrical grid reliability

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The Cascade Power Project. Photo courtesy Kinetcor

From the Canadian Energy Centre

By Will Gibson

New 900-megawatt natural gas-fired facility to supply more than eight per cent of Alberta’s power needs

Alberta’s electrical grid is about to get a boost in reliability from a major new natural gas-fired power plant owned in part by Indigenous communities.  

Next month operations are scheduled to start at the Cascade Power Project, which will have enough capacity to supply more than eight per cent of Alberta’s energy needs.  

It’s good news in a province where just over one month ago an emergency alert suddenly blared on cell phones and other electronic devices warning residents to immediately reduce electricity use to avoid outages.  

“Living in an energy-rich province, we sometimes take electricity for granted,” says Chana Martineau, CEO of the Alberta Indigenous Opportunities Corporation (AIOC) and member of the Frog Lake First Nation.  

“Given much of the province was dealing with -40C weather at the time, that alert was a vivid reminder of the importance of having a reliable electrical grid.” 

Cascade Power was the first project to receive funding through the AIOC, the provincial corporation established in 2020 to provide loan guarantees for Indigenous groups seeking partnerships in major development projects. 

So far, the AIOC has underwritten more than $500 million in support. This year it has $3 billion  available, up from $2 billion in 2023.  

In August 2020 it provided a $93 million loan guarantee to the Indigenous Communities Consortium — comprised of the Alexis Nakota Sioux NationEnoch Cree NationKehewin Cree NationOChiese First NationPaul First Nation, and Whitefish (Goodfish) Lake First Nation — to become equity owners. 

The 900-megawatt, $1.5-billion facility is scheduled to come online in March. 

“It’s personally gratifying for me to see how we moved from having Indigenous communities being seen as obstacles to partners in a generation,” says Martineau. 

The added capacity brought by Cascade is welcomed by the Alberta Electrical System Operator (AESO), which is responsible for the provinces electrical grid. =

“The AESO welcomes all new forms of generation into the Alberta marketplace, including renewables, thermal, storage, and others,” said Diane Kossman, a spokeswoman for the agency.  

“It is imperative that Alberta continue to have sufficient dispatchable generation to serve load during peak demand periods when other forms of generation are not able to contribute in a meaningful way.” 

The Cascade project also provides environmental benefits. It is a so-called “combined cycle” power facility, meaning it uses both a gas turbine and a steam turbine simultaneously to produce up to 50 per cent more electricity from the same amount of fuel than a traditional facility.  

Once complete, Cascade is expected to be the largest and most efficient combined cycle power plant in Alberta, producing 62 per cent less CO2 than a coal-fired power plant and 30 per cent less CO2 than a typical coal-to-gas conversion.  

“This project really is aligned with the goals of Indigenous communities on environmental performance,” says Martineau. 

The partnership behind the power plant includes Axium InfrastructureDIF Capital Partners  and Kineticor Resource Corp. along with the Indigenous Communities Consortium. 

The nations invested through a partnership with OPTrust, one of Canada’s largest pension funds.  

“Innovation is not just what we invest in, but it is also how we invest,” said James Davis, OPTrust’s chief investment officer. 

“The participation of six First Nations in the Cascade Power Project is a prime example of what is possible when investors, the government and local communities work together.” 

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