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Diversifying Alberta’s Oil Economy Needn’t be Divisive, Renewables Backer Says

April 3, 2023
Reading time: 2 minutes

Vulcan Solar Park, site of the future Travers Solar Project, Green Energy Futures/flickr

Vulcan Solar Park, site of the future Travers Solar Project, Green Energy Futures/flickr

A Calgary-based renewable energy developer says all Albertans will gain from the clean energy transition if they can move beyond a polarized perspective on the province’s oil economy.

“The reality is that with climate change and energy security both urgent issues, net-zero is the destination we need to reach,” writes Dan Balaban, CEO of Greengate Power, in an op-ed for the Calgary Herald. But the diversification of Alberta’s economy continues to be a polarizing topic.

“It shouldn’t be,” he says.

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View our latest digests

Balaban contends that Alberta’s responsibly produced oil has its place “as long as oil continues to be used in the world.” And yet, “there’s a case for everyone to support renewable energy.”

With abundant solar and wind resources, a deregulated electricity market, and robust carbon pricing, Albertans have a unique opportunity to diversify the province’s economy and capitalize on a net-zero future, he explains. Strong energy prices have driven solid renewables growth in Alberta, and electrification of transportation, buildings, and heavy industry is set to create even greater power demand that “renewable energy is ready to meet.”

Already, Alberta’s renewables boom has created thousands of jobs for the provincial economy and generated billions of dollars of private sector investment. Plus, with politicians of all levels and ties introducing renewable energy incentives, Alberta is poised to lead the way [pdf] in attracting renewable energy investments from top-tier international partners.

Municipalities stand to gain, as well. More than 40% of the tax base in Vulcan County comes from solar and wind projects, Balaban notes.

But to benefit from Canada’s transition off fossil fuels, Alberta will need to overcome differences to collaborate, innovate, and gain support “from everyone, regardless of political or ideological differences,” Balaban writes.

“By working together, we can accelerate the pace of change, realize our full renewable energy potential, and drive positive outcomes for the environment, the economy, and the entire province.”







in Canada, Cities & Communities, Community Climate Finance, Energy Politics, Finance & Investment, Heat & Power, Society & Culture, Solar, Subnational, Wind

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Diversifying Alberta’s Oil Economy Needn’t be Divisive, Renewables Backer Says

April 3, 2023
Reading time: 2 minutes

Vulcan Solar Park, site of the future Travers Solar Project, Green Energy Futures/flickr

Vulcan Solar Park, site of the future Travers Solar Project, Green Energy Futures/flickr

A Calgary-based renewable energy developer says all Albertans will gain from the clean energy transition if they can move beyond a polarized perspective on the province’s oil economy.

“The reality is that with climate change and energy security both urgent issues, net-zero is the destination we need to reach,” writes Dan Balaban, CEO of Greengate Power, in an op-ed for the Calgary Herald. But the diversification of Alberta’s economy continues to be a polarizing topic.

“It shouldn’t be,” he says.

Get the latest climate news and analysis, direct to your inbox.

Subscribe Today

View our latest digests

Balaban contends that Alberta’s responsibly produced oil has its place “as long as oil continues to be used in the world.” And yet, “there’s a case for everyone to support renewable energy.”

With abundant solar and wind resources, a deregulated electricity market, and robust carbon pricing, Albertans have a unique opportunity to diversify the province’s economy and capitalize on a net-zero future, he explains. Strong energy prices have driven solid renewables growth in Alberta, and electrification of transportation, buildings, and heavy industry is set to create even greater power demand that “renewable energy is ready to meet.”

Already, Alberta’s renewables boom has created thousands of jobs for the provincial economy and generated billions of dollars of private sector investment. Plus, with politicians of all levels and ties introducing renewable energy incentives, Alberta is poised to lead the way [pdf] in attracting renewable energy investments from top-tier international partners.

Municipalities stand to gain, as well. More than 40% of the tax base in Vulcan County comes from solar and wind projects, Balaban notes.

But to benefit from Canada’s transition off fossil fuels, Alberta will need to overcome differences to collaborate, innovate, and gain support “from everyone, regardless of political or ideological differences,” Balaban writes.

“By working together, we can accelerate the pace of change, realize our full renewable energy potential, and drive positive outcomes for the environment, the economy, and the entire province.”







in Canada, Cities & Communities, Community Climate Finance, Energy Politics, Finance & Investment, Heat & Power, Society & Culture, Solar, Subnational, Wind

Leave a Reply Cancel reply

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