CleanTechnica•26 days ago
Alberta’s $900 Million Bet: How the Province Chose Fossil Risk Over Clean Energy Markets
Key Takeaway
Alberta's $900 million commitment to its petroleum marketing agency signals a strong provincial preference for fossil fuel investment, potentially hindering clean energy market growth and diversification for developers and large loads.
AI Summary
- •Alberta's January 2026 Order in Council authorized up to $900 million in funding, borrowing, and investments for its provincial petroleum marketing agency.
- •This policy decision significantly expands the agency's powers and commits substantial provincial debt to fossil fuel interests, bypassing traditional legislative processes.
- •The move signals a provincial prioritization of fossil fuel investments over clean energy market development, potentially increasing risk for clean energy developers and limiting options for large consumers seeking decarbonized power in Alberta.
Topics
emissionsfinancingpolicy
Article Content
Alberta’s January 2026 Order in Council authorizing expanded powers and funding for the province’s petroleum marketing agency shouldn’t exist, and if it had, it should have been a bill. Authorizing up to $900 million across borrowing, advances or investments by the Minister of Finance and provincial debt with broad powers ... [continued] The post Alberta’s $900 Million Bet: How the Province Chose Fossil Risk Over Clean Energy Markets appeared first on CleanTechnica .