Global discussions about climate change will play a role in a revamped policy in Alberta, home to the Canadian oil sands industry, said Premier Rachel Notley.
“There’s uncertainty created by the climate change issues” for the oil and gas industry, she said in a briefing in Calgary on Wednesday. “It’s not responsible” to not consider changes to regulation given the “worldwide conversation around climate change,” she said.
Alberta’s oil industry, especially those companies producing bitumen from the oil sands, has been tarnished in the U.S. and elsewhere because of the carbon intensity of extracting the fuel.
Some Canadian oil companies have said they already face high operating costs, and additional regulation that adds to costs will threaten jobs and profits.
Notley became premier of the oil-rich Canadian province this month after her left-leaning New Democratic Party won a majority in parliament, ending a 44-year streak of Progressive Conservative government.