In the Headlines: Alberta Budget and Renewables Moratorium, LNG, and IEA Backlash

The Alberta Government is lifting the moratorium on new wind and solar project permits, a policy that was enacted in the summer of 2023.

The Alberta Government introduces its 2024 fiscal budget. Before the budget announcement, Premier Danielle Smith made the case for rebuilding the Alberta Heritage Savings Trust Fund to help eliminate the revenue roller coaster that results from volatile oil and gas prices. The budget also included Carbon Capture and Storage (CCS) funding and a registration tax of $200 per year for each electric vehicle.

Qatar announced it will add more LNG capacity by 2030. Given Shell’s recent projection of more than 50% growth in global LNG demand by 2040 and that the US will supply 30% of total demand by 2030, what are the implications on LNG markets and the Canadian opportunity for LNG exports?

The IEA has been criticized for prioritizing climate advocacy over energy security.