Premier Texas-bound to Spur Energy Investment

Premier Jason Kenney will tell U.S. investors during a Nov. 18-21 mission to Texas why they should bank on Alberta’s reliable, safe and ethical energy sector.

In Houston and Dallas, Premier Kenney will speak with investors and business leaders to reaffirm Alberta’s position as a critical supplier of energy resources to Texas and North America. He will underscore how Alberta continues to be the most stable, secure and environmentally responsible energy supplier to the United States.

“Our top goal is getting Alberta back to work. That means restoring investor confidence and reversing the flow of money, ideas and businesses from Alberta to places like Texas. That’s why I’m keeping my commitment to Albertans to take our ‘Open for Business’ message to some of the world’s biggest job creators. This trip will allow me to raise awareness among prospective investors about our growth strategy, including the Job Creation Tax Cut, Red Tape Reduction, and recent decisions like special production allowances to permit more Alberta energy to reach U.S. markets.”Jason Kenney, Premier

During his meetings, Premier Kenney will highlight how the province has laid the foundation as a more competitive place for energy sector investments by:

  • Reducing the corporate tax rate and cutting red tape from government processes.
  • Introducing enhanced capital cost allowances.
  • Providing certainty to the oil and gas royalty structure.
  • Confirming its $1.1-billion commitment to the Petrochemicals Diversification Program.

These and other initiatives are a part of government’s plan to support job creation and improve policies that lay the foundation for sustained economic growth in Alberta.

Texas is Alberta’s second largest export market overall. In 2018, Alberta’s exports to Texas totalled $11.5 billion worth of goods. 

The estimated cost of the Nov. 18-21 mission for the Premier, three political staff and a security detail is $32,000.

Premier Texas-bound to Spur Energy Investment

Premier Kenney’s itinerary*

Monday, Nov. 18Travel to Houston
Tuesday, Nov. 19Meetings with business leaders
Wednesday, Nov. 20Meetings with investors and fund managersMeetings with business leaders
Thursday, Nov. 21Travel to DallasMeetings with business leadersMeeting with Rachel McCormick, Canadian Consul GeneralTravel to Calgary

*Subject to change.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *