Every school, hospital and road in Alberta depends on a strong economy. Your United Conservative government keeps delivering for it, and today brings the latest win.
The new Oil Sands Growth Program will attract tens of billions of dollars in new investment, create tens of thousands of good jobs for Albertans and fund rural municipalities with billions of dollars in property taxes.
It also moves Alberta toward Premier Danielle Smith’s plan to double oil production to eight million barrels per day, which could generate about $205 billion in cumulative additional revenues by 2040 and over $1.3 trillion by 2060. With new pipeline capacity on the way, this is how we fill it.
For everyday Albertans, that growth protects the Alberta tax advantage, increases Heritage Fund savings and helps pay for the schools, hospitals, roads, health care and services families rely on.
Under the program, approved projects get a guaranteed 10-year royalty framework. They pay a two per cent royalty rate for the first five years, rising one percentage point each year until reaching six per cent in years nine and 10. That certainty makes it more attractive for companies to invest billions of dollars in new projects.
The program is open to all eligible oil sands producers and targets a spring 2027 launch. Qualifying projects announced after Nov. 15, 2026, will be grandfathered in.
Good jobs for Albertans, funding for rural communities, support for families. That’s your United Conservative government getting the job done.