Alberta
Future of Energy is Here – Province of Alberta pitches Alberta and Albertans at 2022 Energy Council conference

Alberta’s Energy Minister Pete Guthrie is making a powerful presentation to state and provincial legislators from across the United States and Canada at the Energy Council’s Global Energy and Environmental Issues Conference in Banff.
It’s a convincing pitch on behalf of energy workers, and Alberta taxpayers who rely so heavily on the province’s most lucrative industry. The presentation is boosted by this video profiling Alberta’s stable, abundant and environmentally responsible energy supply.
Energy Minister Pete Guthrie issued the following statement on Alberta’s energy sector at the 2022 Energy Council conference:
“Energy matters now more than ever. This year, we’ve seen how geopolitical events and volatile energy markets can impact the lives of people throughout the world. It matters where the energy that powers our homes, our economies and our lives comes from.
“The world needs a solution for long-term energy security that is also responsible, reliable and affordable. That solution is Alberta.
“It’s in this spirit that Alberta is proud to host the Energy Council’s Global Energy and Environmental Issues Conference in Banff. We are promoting our energy sector to more than 160 participants – including state and provincial legislators from the United States and Canada.
“During the conference, we will focus discussions on the future of the energy industry, the strength and security of the North American energy system and the role Alberta has to play.
“Alberta is the global leader in responsible energy development that the world needs. We have the innovation, technology and expertise needed to produce responsible energy. We have the highest human rights, labour and environmental standards. We have Canada’s fastest-growing renewable energy sector. On top of all that, we are rapidly developing carbon capture and storage and lowering emissions, with the Pathways Alliance targeting net zero by 2050.
“Our government firmly believes Alberta is the key to energy security for North America and the world. Our track record speaks for itself. Last year, about 62 per cent of the crude oil imported to the United States came from Alberta – that is 10 times more than their oil imports from Saudi Arabia, and over four times more than all of OPEC. Every barrel that comes from Alberta helps replace one produced by countries that do not adhere to our high environmental and social standards. Our province has one of the largest oil reserves in the world, and we are ready to supply nations around the world with our reliable and responsibly produced resources.
“Alberta’s support of research and innovation excellence ensures that innovators can continue to make groundbreaking discoveries, commercialize game-changing emissions-reducing technologies and solve some of the industry’s biggest challenges.
“The future of energy is here. It’s Alberta.”
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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