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Government Announces The Energy Diversification Act

The provincial government announced the expansion of the Petrochemicals Diversification Program which will include a combination of loan guarantees, grants and royalty credits, and a program that will ensure needed infrastructure for petrochemical feedstock. A Partial Upgrading Program was previously announced. Combined these efforts form the three pillars of The Energy Diversification Act, tabled in the legislature on March 8.

Alberta’s commitment would total up to $2 billion to leverage long-term private investment, including:

Read more on The Energy Diversification Act. Read the recommendations of the Energy Diversification Advisory Committee.