Last week the Government of Alberta established the Premier’s Investment Council (PIC) to improve coordination across ministries and provincial agencies responsible for investment attraction, economic development and resource sector growth.
Chaired by Premier Danielle Smith, the PIC brings together 20 members, including key cabinet ministers and the leadership of provincial bodies involved in investment attraction, economic development and resource sector growth. The council will align efforts across government, share market intelligence and focus on high-impact opportunities that strengthen Alberta’s competitive position.
The PIC also builds on the government’s March 23 commitment to introduce legislation that would establish a 120-day approval timeline for major projects once consultation and environmental assessments are complete. This legislation represents a serious commitment to improving the province’s competitiveness as a destination for large-scale investment.
Alberta has set ambitious goals for doubling oil and gas production by 2035 and increasing market access. An accelerated approval process is that improves coordination between government and regulatory bodies and gives industry the certainty needed to make these major investments.
For CLRA members, the government’s recent announcements are encouraging. A more predictable approval environment and a more coordinated government will help create the conditions needed to deliver large and complex projects. This direction also supports CLRA’s priorities on workforce readiness and creating the conditions required to deliver large and complex projects.
CLRA will continue to engage in the advancement of these economic policies as Alberta shapes the investment climate and the major project opportunities that flow from them, through our own advocacy work and membership in the Resource Diversification Council
For more information, view the official announcement here.
