Creating a more efficient regulatory system

In a letter to Diana McQueen, the MLA heading up efforts to improve the efficiency of the oil and gas regulatory system, the Chamber recommended the Government of Alberta consider moving from a multi-agency delivery model to a more integrated approach up to and considering a single regulator.

“The current system is very complex and lacks integrated policies and delivery mechanisms,” said Ben Brunnen, Director of Policy & Research and Chief Economist with the Calgary Chamber of Commerce. “The challenge is to develop a regulatory framework that assures strong environmental outcomes, protects public safety, facilitates prudent resource management and encourages business investment and innovation.” 

Competitiveness Review gets fiscal terms right

The Calgary Chamber of Commerce welcomed the latest royalty curve announcement on May 27. The Emerging Technology Initiative, which recognizes the high-cost of developing Alberta’s unconventional and deep resource pools, along with previously announced changes to conventional oil and natural gas royalty rates, will position Alberta more competitively.

“These changes will help restore investor confidence and attract new investment,” said Geoff Pradella, Vice-President of Public & Government Affairs with the Calgary Chamber of Commerce. “It creates a better risk-reward scenario and recognizes the high cost of new technology to access Alberta’s unconventional resources. The result will be more jobs and prosperity for all businesses, from the driller to the dry cleaner.” 

Calgary Chamber participates in Alberta Competitiveness Forum

More than 120 senior government and industry leaders gathered on June 2 to discuss ways the province can attract investment and increase innovation and productivity. The forum kicked off work on the Alberta Competitiveness Act, a partnership between government and business to strengthen the economy and Albertans’ quality of life.

“Economic competitiveness is our members’ number one priority,” said Ben Brunnen, Director of Policy & Research and Chief Economist. “We must ensure we have the best foundation in place for business to succeed. We are pleased to be invited to the forum and participate on behalf of Calgary’s business community.”