This statement is attributable to Deborah Yedlin, President & CEO at the Calgary Chamber of Commerce
“The Calgary Chamber of Commerce welcomes the signing of the memorandum of understanding (MOU) between Alberta and the federal government. This agreement comes at a pivotal moment, recognizing Alberta’s – and the energy sector’s – essential role in unlocking national economic growth that will realize our ambition to be an energy superpower. We are encouraged to see the MOU address the three-legged stool of energy growth: regulation that facilitates increased production, a path for market access to tidewater, and decarbonization through carbon capture and storage.
“We are encouraged by several key regulatory changes, including the removal of the oil and gas emissions cap, recognition of Alberta’s TIER industrial pricing system, suspension of the Clean Electricity Regulations and amendments to the anti-greenwashing provisions in Bill C-59, as stated within Budget 2025. Together, these measures offer important policy certainty for producers and help create conditions for long-term investment.
“With the need to increase access to new and emerging markets, including Asia, clarity on a path to enable a pipeline to tidewater is significant. This helps create the conditions needed to increase production, which hinges on the ability to have bitumen reach customers. Addressing longstanding impediments such as the Oil Tanker Moratorium Act is critical to attracting private sector investment – and ultimately strengthening economic prosperity across Canada.
“Alberta’s energy sector has long been committed to environmental stewardship, and advancing the Pathways project, which will be the largest carbon capture project in the world, positions Alberta well to grow our energy industry while reducing emissions. Combined with a predictable and pragmatic increase industrial carbon pricing, the MOU signed demonstrates environmental progress and economic growth can go hand-in-hand.
“For the MOU to succeed, sustained collaboration among governments, the private sector and Indigenous rightsholders will be essential. Indigenous prosperity is fundamental to Canada’s prosperity, and communities must have opportunities for equity participation in major infrastructure projects. The Calgary Chamber looks forward to continued partnership with Indigenous communities, governments and businesses to help build a more prosperous Canada for all.”
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About the Calgary Chamber of Commerce
The Calgary Chamber exists to empower our business community to advance a prosperous Calgary and Canada. As the convenor and catalyst for a vibrant, inclusive and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification and opportunity. As an independent, non-profit, non-partisan organization founded in 1891, we build on our history to serve and advocate for businesses of all sizes, in all sectors across the city.
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