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Alberta

New gas reserves take Canada into global top 10

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Left to right – Daniel Yergin, vice chairman S&P Global; Hon. Danielle Smith, Premier of Alberta; Hon. Susan B. Bourgeois., Louisiana Secretary of Economic Development; and Jim Fitterling, CEO Dow Inc.

New Alberta reserves study finds Alberta’s gas reserves have increased six-fold, moving Canada’s gas reserves into the top 10 globally.

Alberta has always been a giant when it comes to natural gas, but after looking carefully at the Montney, Duvernay and the Deep Basin, new data has identified that the total gas resource in ground exceeds 1,360 trillion cubic feet (TCF). Of this, 130TCF is proved and recoverable gas reserves. For comparison, the latest U.S. government reserve number, using comparable methodologies, for Texas natural gas is 170TCF.

Gas (TCF)

Oil (billion barrels)

Current Resource in Ground*

1360

1820

Previous AER Reserve number

24

159.4

2025 McDaniel Proved Reserve study

130**

167***

EIA Texas Reserves (2023)

170

20

* resource in ground number reflects an estimate of total resource in place.

** with proved and probable 144TCF.

*** oil reserve studies for all basins not yet complete.

Adding these new gas reserves to other provinces’ reserves sees Canada’s overall gas number more than double and results in Canada’s ranking moving from number 15 to number nine globally.

When it comes to oil reserves, Alberta remains a titan with a total resource in ground number of 1.8 trillion barrels. Oilsands proven reserves are more than 165 billion recoverable barrels and there is other growth. For example, new opportunities like the Clearwater basin which has almost two billion barrels of new reserves. For comparison, Texas’ proved oil reserves sit at 20 billion barrels.

Alberta’s global ranking for oil has not changed, however the increase of seven billion additional proved barrels does result in extending the province’s total years of overall oil supply to 137 years.

“Alberta’s responsible energy sector has embraced technology and innovation, and these advancements have allowed us to unlock material gas reserves that were previously not accounted for. While other jurisdictions could face inventory concerns in the future, Alberta’s reserves will be essential for North America to continue accessing affordable energy.”

Danielle Smith, Premier of Alberta

“This announcement reinforces that Alberta has the reserves needed to enhance long-term energy security for our trading partners. With vast amounts of gas, oil and liquids, Alberta’s energy sector is ready and willing to work with our U.S. partners to achieve global energy security.”

Brian Jean, Minister of Energy and Minerals

The study to review Alberta’s natural gas and oil reserves was commissioned by the Alberta Energy Regulator and was conducted by McDaniel and Associates Consultants. McDaniel is still completing this work and a final number for all fields and growth areas will be completed in the coming weeks.

“The continued expansion of Alberta’s reserves offers immense potential for long-term energy security, ensuring a reliable source of energy to support both domestic needs and international markets.”

Mike Verney, executive vice-president, McDaniel and Associates Consultants Ltd.

Alberta’s government is working closely with industry to determine all options for egress to market in support of our aspiration to double Alberta’s oil and gas production.

Faced with uncertainty around trade and security, Alberta’s government remains focused on diplomacy and continuing to build a resilient and diversified economy that is better positioned to withstand external shocks and ensure long-term prosperity.

Background

  • Reserves are the most accurate measure of a jurisdiction’s future oil and gas potential. McDaniel and the Alberta Energy Regulator use the Canadian Oil and Gas Evaluation Handbook methodology to perform reserve studies.
  • Reserves are estimated volumes of hydrocarbon resources that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions. Reserves estimates change from year to year because of:
    • price and cost changes
    • new discoveries
    • thorough appraisals of existing fields
    • existing reserves production
    • new and improved production techniques and technologies

Quick facts

  • In 2023, Alberta produced 10.9 billion cubic feet per day (bcf/d) of natural gas. This was 61 per cent of Canadian natural gas production in 2023.
  • Alberta is also the largest supplier of natural gas to the U.S. In 2023, Alberta exported 4.54 bcf/d to the U.S.
  • Alberta oil directly supports more than 50 U.S.-based refineries with direct investment in more than 20 U.S. states, and is essential to affordability, growth, economic prosperity and energy security in the U.S.
  • The U.S. Midwest continues to be the largest market for Canadian crude oil, followed by the U.S. Gulf Coast.
  • As 2025 began, U.S. imports of crude oil from Canada reached a weekly record 4.42 million barrels per day, with the majority supplied by Alberta.

This is a news release from the Government of Alberta.

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Alberta

Photo radar to be restricted to School, Playground, and Construction Zones as Alberta ends photo radar era

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Alberta’s government is fulfilling its promise to end Automated Traffic Enforcement (ATE) in select locations while enhancing safety with a new Traffic Safety Fund.

For years, Alberta has had the most ATE sites of any jurisdiction in Canada with many serving as a “cash cow,” generating millions of dollars in revenue with no clear evidence they were improving traffic safety. Now, following thorough consultation and review of existing ATE sites, Alberta’s government is making significant changes to restore public trust in the use of photo radar.

Effective April 1, the updated ATE Technology Guideline will prohibit photo radar on numbered provincial highways and connectors, restricting it only to school, playground and construction zones. Intersection safety devices in Alberta will also be limited to red light enforcement only, ending the “speed-on-green” ticketing function.

“We have officially killed the photo radar cash cow and the revenue-generating “fishing holes” that made Alberta the biggest user of photo radar in Canada. The updated guideline will ensure that photo radar is used for safety only. The new provincial traffic safety fund will support municipalities in physical improvements at key intersections, helping to reduce traffic risks and enhance safe roads.”

Devin Dreeshen, Minister of Transportation and Economic Corridors

Alberta’s government has also created a new $13-million Traffic Safety Fund for municipalities to upgrade local roads and intersections that pose demonstrated safety risks. Details will be made available on how to apply for the Traffic Safety Fund, once the application process has been finalized.

“This shift ensures that photo radar is used where it matters most – near schools, playgrounds and construction zones. Traffic enforcement should be about protecting people, not generating revenue. The new Traffic Safety Fund gives municipalities the tools to make targeted improvements to roads and intersections with real safety concerns. Keeping Edmontonians safe on our streets must always remain the priority.”

Tim Cartmell, Pihêsiwin councillor, City of Edmonton

“Shifting photo radar to playgrounds and construction zones enhances safety where it matters most – protecting our children and workers on Calgary’s roads. I’m proud to back this important step toward safer communities.”

Dan McLean, Ward 13 councillor, City of Calgary

“The Traffic Safety Fund is a welcome addition to the overall funding available to municipalities. The Rural Municipalities of Alberta support a dynamic approach to managing traffic safety.”

Kara Westerlund, president, Rural Municipalities of Alberta

Municipalities are encouraged to use traffic calming measures instead of photo radar but may request provincial approval for an exemption to the photo radar ban in high-collision locations. To do so, municipalities must submit a business case detailing high-collision frequency and severity at the site, relative to similar locations, and demonstrate how other safety measures are not possible or will be ineffective. To be approved for an exemption, they must also commit to audit the exempted site every two years to assess the effectiveness of photo radar in reducing collisions at that location.

The updated ATE Technology Guideline also includes parameters around equipment testing and maintenance, data collection and reporting requirements, traffic safety plans, signage and public communication of photo radar locations.

Quick facts

  • On April 1, the new ATE 2025 Technology Guideline comes into force.
  • The newly created Traffic Safety Fund will provide $13 million over three years to help municipalities re-engineer intersections to reduce collisions:
    • $1 million in 2025-26
    • $2 million in 2026-27
    • $10 million in 2027-28
  • Alberta first introduced photo radar in 1987.

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Alberta

Albertans have contributed $53.6 billion to the retirement of Canadians in other provinces

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From the Fraser Institute

By Tegan Hill and Nathaniel Li

Albertans contributed $53.6 billion more to CPP then retirees in Alberta received from it from 1981 to 2022

Albertans’ net contribution to the Canada Pension Plan —meaning the amount Albertans paid into the program over and above what retirees in Alberta
received in CPP payments—was more than six times as much as any other province at $53.6 billion from 1981 to 2022, finds a new report published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“Albertan workers have been helping to fund the retirement of Canadians from coast to coast for decades, and Canadians ought to know that without Alberta, the Canada Pension Plan would look much different,” said Tegan Hill, director of Alberta policy at the Fraser Institute and co-author of Understanding Alberta’s Role in National Programs, Including the Canada Pension Plan.

From 1981 to 2022, Alberta workers contributed 14.4 per cent (on average) of the total CPP premiums paid—Canada’s compulsory, government- operated retirement pension plan—while retirees in the province received only 10.0 per cent of the payments. Alberta’s net contribution over that period was $53.6 billion.

Crucially, only residents in two provinces—Alberta and British Columbia—paid more into the CPP than retirees in those provinces received in benefits, and Alberta’s contribution was six times greater than BC’s.

The reason Albertans have paid such an outsized contribution to federal and national programs, including the CPP, in recent years is because of the province’s relatively high rates of employment, higher average incomes, and younger population.

As such, if Alberta withdrew from the CPP, Alberta workers could expect to receive the same retirement benefits but at a lower cost (i.e. lower payroll tax) than other Canadians, while the payroll tax would likely have to increase for the rest of the country (excluding Quebec) to maintain the same benefits.

“Given current demographic projections, immigration patterns, and Alberta’s long history of leading the provinces in economic growth, Albertan workers will likely continue to pay more into it than Albertan retirees get back from it,” Hill said.

Understanding Alberta’s Role in National Programs, Including the Canada Pension Plan

  • Understanding Alberta’s role in national income transfers and other important programs is crucial to informing the broader debate around Alberta’s possible withdrawal from the Canada Pension Plan (CPP).
  • Due to Alberta’s relatively high rates of employment, higher average incomes, and younger population, Albertans contribute significantly more to federal revenues than they receive back in federal spending.
  • From 1981 to 2022, Alberta workers contributed 14.4 percent (on average) of the total CPP premiums paid while retirees in the province received only 10.0 percent of the payments. Albertans net contribution was $53.6 billion over the period—approximately six times greater than British Columbia’s net contribution (the only other net contributor).
  • Given current demographic projections, immigration patterns, and Alberta’s long history of leading the provinces in economic growth and income levels, Alberta’s central role in funding national programs is unlikely to change in the foreseeable future.
  • Due to Albertans’ disproportionate net contribution to the CPP, the current base CPP contribution rate would likely have to increase to remain sustainable if Alberta withdrew from the plan. Similarly, Alberta’s stand-alone rate would be lower than the current CPP rate.

 

Tegan Hill

Director, Alberta Policy, Fraser Institute

Nathaniel Li

Senior Economist, Fraser Institute
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