Alberta
Alberta has an opportunity like never before

As the world’s energy debate continues to grow, with climate change and the economy both sources of large concern to many, there is often a divide both politically and regionally and Canada is no different.
Places like Alberta, with an economy that has been largely centered around the oil and gas sector for decades, is a Canadian province quite often at odds with the Canadian government for its desire to put in place renewable energy policies like carbon taxes and hold off on pipelines.
There are abundant sources of renewable energy in Alberta that could provide jobs and a pathway out of its current situation. Despite being intermittent, Alberta’s wind and solar potential is very apparent. However, to scale it to the level necessary to stop burning massive amounts of coal and natural gas, we will need large battery backups to store power in order to combat the intermittency issues of wind and solar.
These investments can be made, and I would argue the more the province opens up space on the grid, the more foreign investment we will see.
But this is also a tough pill to swallow when you have companies built from the ground up for decades, employing hundreds of thousands of people who have been educated and trained in what they do. Alberta as a province enjoyed strong growth for decades, providing hundreds of billions of dollars to the Federal Government to help balance the books and provide health care for millions of Canadians.
Geothermal is famously used in Iceland and in California at the world’s largest facility, the Geysers Geothermal Complex, which has a 1517 MW capacity. Geothermal energy has limitations for growth due to requiring locations to tap into volcanic aquifers, which it had not been able to overcome until now. Eavor Technologies Inc. uses a completely different method for their production. They use a closed loop system and do not rely on traditional wells or pumps. They are able to drill two vertical wells, connect them together underground and essentially create a conductive radiator with many parallel lines to cover a large amount of ground without the volcanic aquifers. Their unique IP uses an environmentally safe fluid that circulates using the thermosyphon effect. As the hot fluid rises through the outlet well, the change in pressure forces the cool fluid to drop through the inlet well, creating continuous circulation without the need for a parasitic pump. The Eavor-Loop completely isolates the fluid from the surrounding environment and produces zero GHG emissions, making the entire process carbon neutral. For extra appeal, this can all be done by the same Alberta drilling rig operators that do not get to work as much as they once did, putting oil and gas companies back to work.
This means Alberta, famous for its oil industry, has the potential to become famous for an entirely renewable grid with a mix of Eavor-Loops, solar, wind and battery storage. It also gives us the ability to grow an Alberta made technology in Eavor loop for export. This unique opportunity for economic diversification and expansion aligns simultaneously with both environmental and economic concerns, presenting a balanced approach to the climate question without compromising on existing Alberta jobs and infrastructure
Brian Scott
Clean Energy Advocate
For more stories, visit Todayville Calgary.
Agriculture
Lacombe meat processor scores $1.2 million dollar provincial tax credit to help expansion

Alberta’s government continues to attract investment and grow the provincial economy.
The province’s inviting and tax-friendly business environment, and abundant agricultural resources, make it one of North America’s best places to do business. In addition, the Agri-Processing Investment Tax Credit helps attract investment that will further diversify Alberta’s agriculture industry.
Beretta Farms is the most recent company to qualify for the tax credit by expanding its existing facility with the potential to significantly increase production capacity. It invested more than $10.9 million in the project that is expected to increase the plant’s processing capacity from 29,583 to 44,688 head of cattle per year. Eleven new employees were hired after the expansion and the company plans to hire ten more. Through the Agri-Processing Investment Tax Credit, Alberta’s government has issued Beretta Farms a tax credit of $1,228,735.
“The Agri-Processing Investment Tax Credit is building on Alberta’s existing competitive advantages for agri-food companies and the primary producers that supply them. This facility expansion will allow Beretta Farms to increase production capacity, which means more Alberta beef across the country, and around the world.”
“This expansion by Beretta Farms is great news for Lacombe and central Alberta. It not only supports local job creation and economic growth but also strengthens Alberta’s global reputation for producing high-quality meat products. I’m proud to see our government supporting agricultural innovation and investment right here in our community.”
The tax credit provides a 12 per cent non-refundable, non-transferable tax credit when businesses invest $10 million or more in a project to build or expand a value-added agri-processing facility in Alberta. The program is open to any food manufacturers and bio processors that add value to commodities like grains or meat or turn agricultural byproducts into new consumer or industrial goods.
Beretta Farms’ facility in Lacombe is a federally registered, European Union-approved harvesting and meat processing facility specializing in the slaughter, processing, packaging and distribution of Canadian and United States cattle and bison meat products to 87 countries worldwide.
“Our recent plant expansion project at our facility in Lacombe has allowed us to increase our processing capacities and add more job opportunities in the central Alberta area. With the support and recognition from the Government of Alberta’s tax credit program, we feel we are in a better position to continue our success and have the confidence to grow our meat brands into the future.”
Alberta’s agri-processing sector is the second-largest manufacturing industry in the province and meat processing plays an important role in the sector, generating millions in annual economic impact and creating thousands of jobs. Alberta continues to be an attractive place for agricultural investment due to its agricultural resources, one of the lowest tax rates in North America, a business-friendly environment and a robust transportation network to connect with international markets.
Quick facts
- Since 2023, there are 16 applicants to the Agri-Processing Investment Tax Credit for projects worth about $1.6 billion total in new investment in Alberta’s agri-processing sector.
- To date, 13 projects have received conditional approval under the program.
- Each applicant must submit progress reports, then apply for a tax credit certificate when the project is complete.
- Beretta Farms has expanded the Lacombe facility by 10,000 square feet to include new warehousing, cooler space and an office building.
- This project has the potential to increase production capacity by 50 per cent, thereby facilitating entry into more European markets.
Related information
Alberta
Alberta Next: Alberta Pension Plan

From Premier Danielle Smith and Alberta.ca/Next
Let’s talk about an Alberta Pension Plan for a minute.
With our young Alberta workforce paying billions more into the CPP each year than our seniors get back in benefits, it’s time to ask whether we stay with the status quo or create our own Alberta Pension Plan that would guarantee as good or better benefits for seniors and lower premiums for workers.
I want to hear your perspective on this idea and please check out the video. Get the facts. Join the conversation.
Visit Alberta.ca/next
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