New Bill Allows Alberta More Power Over Oil And Gas Exports

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New Bill Allows Alberta More Power Over Oil And Gas Exports

It looks like Bill 12 is getting the OK-Go from the province.

Premier Rachel Notley announced this morning that the government plans the ‘Preserving Canada’s Economic Prosperity Act’ – which allows them to restrict oil and gas exports.

While speaking to reporters, Notley says the Federal government has shown their commitment to ensuring the Trans Mountain pipeline gets built.

“The Federal government took an important step on that matter. In announcing that Ottawa will fully backstop the project, the Federal government has worked with Alberta to eliminate the financial risk to the project brought by the actions of the B.C. government.”

Notley says that the bill allows the province the authority to force any company exporting energy products to require a license.

She adds this will allow British Columbia a chance to feel what it’s like to be on the other side of the argument.

“With B.C. seeking to limit what energy products can flow across provincial borders, Alberta has the right to make that decision for ourselves. Bill 12 gives us that power.”

Companies who don't apply may face fines up to $10 million per day.

–with files from Jaryn Vecchio
Fort McMurray News
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