Realizing Alberta's Full Potential

Construction workers walking up stairs of an oil and gas plant

Mission

Provide leadership, advocacy and trusted information to ensure Alberta is the number one jurisdiction to invest in.

Vision

A prosperous Alberta realizing full value from our energy resources.

Our Members

Providing Value For Albertans

Diversification provides immense energy transition opportunities. Global demand for petrochemical products is expected to grow, and with the right policy framework, Alberta can capitalize on this growth over the next decade.

$21.7B

of proposed projects

77K

total direct jobs

$1.5B

in tax revenues

$34.5B

boost to Alberta’s GDP

Challenges for Alberta

Alberta is competing with a global market to attract investment for petrochemical projects.

According to the Chemical Industry Association of Canada, more than $200B was invested in North American petrochemical projects from 2014 to 2019, but Canada’s share was less than 5%. Recent investment friendly policies in the U.S. Inflation Reduction Act will further hinder Alberta’s ability to attract investment into the value-added sector and Alberta’s ability to diversify our economy.

The $21.7B of future investments are entirely within the Alberta government's control. However, $5.9B of these projects will not be built in Alberta without an extension to the Alberta Petrochemical Incentive Program (APIP).

In a competitive global environment, APIP has put Alberta on the map and secured recent major investments. Without APIP, Alberta’s structural capital cost disadvantage would re-emerge and cause projects to be built in other jurisdictions.

Our Priorities

We are dedicated to realizing the full potential of Alberta’s abundant natural resources by expanding and diversifying Alberta’s resource manufacturing industries. Through our unique partnership of industry, post-secondary, and labour, we work with government to develop policies that attract investment while protecting the taxpayer and diversifying our economy to provide well-paying jobs to Albertans.

Extending APIP

APIP has been a tremendous success for attracting investment to Alberta and resolved Alberta’s structural capital cost disadvantage. While other major jurisdictions also offer combinations of incentive programs, low-cost feedstock, skilled workforces, or easy market access, the certainty provided by APIP serves as a key geographical differentiator for companies making final investment decisions. An extension of the program until 2035 would unlock an additional $11.4B in additional capital investment and operational spending from 2026 to 2035.


Workforce development

Should the $21.7B of our member's projects be built, Alberta needs skilled labour available for the 42,556 direct jobs created during the construction phase and the 34,426 direct jobs created in the operational phase between 2026 and 2035. While industry, post-secondary, and labour groups have a role to play in developing our workforce, we need the government to take additional actions to enhance overall labour availability and training.

Decarbonization

New petrochemical projects will not be built without an emphasis on the energy transition. Our members support the creation and implementation of the Alberta Carbon Capture Incentive Program (ACCIP).

Designated Industrial Zones

The RDC is supportive of the Industrial Heartland Designated Industrial Zone (DIZ)'s intent to "establish a best-in-class regulatory framework that will help attract new investment and create good jobs for Albertans while realizing environmental outcomes", and is working with the Alberta government to ensure a smooth implementation.