Full Report.Pdf

Total Page:16

File Type:pdf, Size:1020Kb

Full Report.Pdf STUDY NO. 195 MAY 2021 CANADIAN NATURAL GAS MARKET SUPPLY AND DEMAND PATHWAYS OF CHANGE 3512 - 33 Street NW, #150, Calgary, AB T2L 2A6 350 Sparks Street, #805, Ottawa, ON K1R 7S8 403.282.1231 | www.ceri.ca | [email protected] @ceri_canada Canadian Energy Research Institute Canadian Natural Gas Market Supply and Demand Pathways of Change Authors: Hamid Rahmanifard, Toufigh Bararpour and Mounika Majeti With contributions from: Madie Zamzadeh and Nurul Hussein Recommended Citation (Author-date style): Rahmanifard, Hamid, Toufigh Bararpour and Mounika Majeta. 2021. “Canadian Natural Gas Market Supply and Demand Pathways of Change.” Study No. 195. Calgary, AB: Canadian Energy Research Institute. https://ceri.ca/assets/files/Study_195_Full_Report.pdf. Recommended Citation (Numbered style): H. Rahmanifard, T. Bararpour and M. Majeti, “Canadian Natural Gas Market Supply and Demand Pathways of Change,” Canadian Energy Research Institute, Calgary, AB, Study No. 195, 2021. URL: https://ceri.ca/assets/files/Study_195_Full_Report.pdf. Copyright © Canadian Energy Research Institute, 2021 Sections of this study may be reproduced in magazines and newspapers with acknowledgment to the Canadian Energy Research Institute May 2021 Printed in Canada Acknowledgements: The authors of this report would like to extend their thanks and sincere gratitude to all CERI staff that provided insightful comments and essential data inputs required for the completion of this report, as well as those involved in the production, reviewing and editing of the material, including but not limited to Allan Fogwill, Dinara Millington, Ian Gates, David Layzell, Experience Ikechukwu Nduagu and Mohd Adnan Khan. Responsibility for any errors, interpretations, or omissions lies solely with CERI. ABOUT THE CANADIAN ENERGY RESEARCH INSTITUTE Founded in 1975, the Canadian Energy Research Institute (CERI) is an independent, registered charitable organization specializing in the analysis of energy economics and related environmental policy issues in the energy production, transportation, and consumption sectors. Our mission is to provide relevant, independent, and objective economic research of energy and environmental issues to benefit business, Government, academia, and the public. For more information about CERI, visit www.ceri.ca. CANADIAN ENERGY RESEARCH INSTITUTE 150, 3512 – 33 Street NW, Calgary, Alberta T2L 2A6 Email: [email protected] Phone: 403-282-1231 Canadian Natural Gas Market Supply and Demand Pathways of Change i Table of Contents List of Figures ................................................................................................................................................ ii List of Tables ................................................................................................................................................ iii Acronyms and Abbreviations ....................................................................................................................... iv Chapter 1 Executive Summary ..................................................................................................................... vi Chapter 2 : Introduction ............................................................................................................................... 1 1.1 Retirement of Coal-Fired Power Plants .............................................................................................. 5 1.2 Petrochemical Facilities ...................................................................................................................... 6 1.3 LNG Plants ........................................................................................................................................... 8 1.4 Decarbonization of Canadian Energy Systems Using Hydrogen ....................................................... 10 1.4.1 Hydrogen Production ................................................................................................................ 11 1.4.2 Hydrogen Transportation and Distribution ............................................................................... 12 1.4.3 Potential Markets for Canadian Hydrogen................................................................................ 14 1.5 Report Structure ............................................................................................................................... 14 Chapter 3 : Additional Natural Gas Demand Estimation ............................................................................ 15 2.1 Retirement of Coal-Fired Power Plants ............................................................................................ 16 2.2 Petrochemical Plants ........................................................................................................................ 16 2.3 LNG Plants ......................................................................................................................................... 17 2.4 Decarbonization of Canadian Energy System Using Hydrogen ........................................................ 17 2.5 Additional Natural Gas Demand at National Level ........................................................................... 21 Chapter 4 : Economic Analysis .................................................................................................................... 24 3.1 Economic Impacts of Natural Gas Production .................................................................................. 24 3.2 Levelized Cost Estimation for Hydrogen Production ........................................................................ 30 3.1.1 Hydrogen Production Cost Analysis .......................................................................................... 32 3.1.2 Sensitivity Analysis .................................................................................................................... 33 Chapter 5 : Conclusions .............................................................................................................................. 36 Bibliography ................................................................................................................................................ 37 May 2021 ii Canadian Energy Research Institute List of Figures Figure E.1 Additional Natural Gas Demand in Canada................................................................................ vii Figure E.2 Hydrogen production cost contributions for four case studies; SMR (Current), SMR (Future), PEM (Current) and PEM (Future). ............................................ viii Figure 1.1 The US dry shale gas production (2006-2020). ............................................................................ 2 Figure 1.2 Canada's natural gas exports and marketable production. ......................................................... 3 Figure 1.3 Canada’s natural gas export and import volumes to the US. ...................................................... 4 Figure 1.4 Coal production (left) and coal consumption for electricity generation (right) by province (2019). ......................................................................................... 6 Figure 1.5 Natural gas demand estimation for new LNG plants in Canada. ............................................... 10 Figure 1.6 A hydrogen supply and demand system. ................................................................................... 11 Figure 2.1 Conceptual illustration of the Evolving scenario. ...................................................................... 15 Figure 2.2 Additional natural gas demand for the retirement of coal power plants. ................................ 16 Figure 2.3 Additional natural gas demand for new LNG plants. ................................................................. 17 Figure 2.4 Additional natural gas demand for hydrogen production. ........................................................ 19 Figure 2.5 Avoided CO2 emission by replacing traditional fuels with hydrogen. ........................................ 20 Figure 2.6 Additional natural gas demand in Canada. ................................................................................ 23 Figure 3.1 Additional natural gas demand for IO analysis, 2021-2030. ...................................................... 26 Figure 3.2 AECO-C natural gas price forecast. ............................................................................................ 27 Figure 3.3: Annual GDP impacts of additional natural gas demand, 2021-2030. ....................................... 28 Figure 3.4: Annual net tax impacts of additional natural gas demand, 2021-2030. .................................. 29 Figure 3.5: The impacts of additional natural gas demand on employment (Jobs) and labour income, 2021-2030. ................................................................ 30 Figure 3.6 Hydrogen production cost contributions for four case studies; SMR (Current), SMR (Future), PEM (Current) and PEM (Future). ............................................. 32 Figure 3.7 The results of sensitivity analysis for Current (a) and Future (b) centralized SMR cases. ......... 34 Figure 3.8 The sensitivity analysis results for Current (a) and Future (b) distributed PEM cases. ............. 35 May 2021 Canadian Natural Gas Market Supply and Demand Pathways of Change iii List of Tables Table 1.1 Provincial petrochemical plant capacities and feedstock. ............................................................ 6 Table 1.2 New petrochemical
Recommended publications
  • Debates of the House of Commons
    43rd PARLIAMENT, 2nd SESSION House of Commons Debates Official Report (Hansard) Volume 150 No. 086 Thursday, April 22, 2021 Speaker: The Honourable Anthony Rota CONTENTS (Table of Contents appears at back of this issue.) 5997 HOUSE OF COMMONS Thursday, April 22, 2021 The House met at 10 a.m. government's position on it, diplomatic representations it has made with respect to that issue, as well as the government's intention with respect to raising the genocide investigation specifically. Prayer The response that was tabled to that question makes no mention of any genocide investigation. In fact, it does not address the ques‐ tion at all. It refers broadly to Sri Lanka, but it makes no mention of ROUTINE PROCEEDINGS the substance of the question. I know that it is practice for the Speaker not to be asked to evalu‐ ● (1005) ate the particulars of the quality of the response. However, in this [English] case, given that the alleged response does not in any way acknowl‐ COMMISSIONER OF THE ENVIRONMENT AND edge or respond to the question, I would submit that this makes a SUSTAINABLE DEVELOPMENT total mockery of the expectation in the Standing Orders for the gov‐ The Speaker: It is my duty to lay upon the table, pursuant to ernment to table a response. subsection 23(5) of the Auditor General Act, the spring 2021 re‐ There have to be some constraints on the response the govern‐ ports of the Commissioner of the Environment and Sustainable De‐ ment presents. After all, if the government were to present a re‐ velopment to the House of Commons.
    [Show full text]
  • Annual Report 2019/2020 Contents Message from the CEO
    Annual Report 2019/2020 Contents Message from the CEO.................................................................................3 Energy Literacy ...........................................................................................4 Research .....................................................................................................6 Rapid Response ...........................................................................................8 Looking Ahead ..........................................................................................10 Financial Statements ................................................................................11 2 CANADIAN ENERGY CENTRE LTD. “ The Canadian Energy Centre uses data, stories and narrative to demonstrate how the industry can and will drive economic recovery” Message from the CEO The Canadian Energy Centre was established in October 2019 as an The Canadian Energy Centre uses data, stories and narrative to demon- organization that would defend natural resources owned by Albertans, strate how the industry can and will drive economic recovery. and of benefit to the entire country. Energy production, primarily oil and gas production, is an essential plank of the country’s economic wellbeing. While this annual report speaks to the final four months of the fiscal year as we built operations, it also provides some targets for the CEC to achieve Between 2000 and 2018, Canada’s energy industry has contributed $359 as we move into the next fiscal year, and complete our first full
    [Show full text]
  • What Is the Future of Canada's Energy Sector?
    PUBLICATIONS SPP Pre-Publication Series June 2021 WHAT IS THE FUTURE OF CANADA’S ENERGY SECTOR? EMERGING THEMES OF AN OPTIMAL PATHWAY Mac Van Wielingen AF-6 www.policyschool.ca ALBERTA FUTURES PROJECT PRE-PUBLICATION SERIES Alberta has a long history of facing serious challenges to its economy, including shocks in the form of resource price instability, market access constraints, and federal energy policies. However, the recent and current challenges seem more threatening. It seems that this time is truly different. The collapse of oil and gas prices in 2014 combined with the rapid growth of U.S. oil production, difficulties in obtaining approval for infrastructure to reach new markets and uncertainty regarding the impacts of climate change policies world-wide have proven to be strong headwinds for the province’s key energy sector. Together, the negative effects on employment, incomes and provincial government revenues have been substantial. To make matters worse, in early 2020 the COVID-19 pandemic struck a major blow to the lives and health of segments of the population and to livelihoods in many sectors. The result has been further employment and income losses, more reductions in government revenues and huge increases in government expenditures and debt. These events, combined with lagging productivity, rapid technological shifts, significant climate policy impacts and demographic trends, call for great wisdom, innovation, collective action and leadership to put the province on the path of sustainable prosperity. It is in this context that we commissioned a series of papers from a wide range of authors to discuss Alberta’s economic future, its fiscal future and the future of health care.
    [Show full text]
  • AB Today – Daily Report October 15, 2019
    AB Today – Daily Report October 15, 2019 Quotation of the day “Heading north again.” Environmental activist Greta Thunberg announces she will travel to Alberta in the near ​ ​ ​ ​ future. Today in AB On the schedule The house reconvenes at 10 a.m. The government is expected to put forward a motion to authorize evening debates on Mondays, Tuesdays and Wednesdays throughout the fall session. MLAs could debate the following bills at committee of the whole: ● Bill 14, Alberta Indigenous Opportunities Corporation Act, or ​ ● Bill 15, Real Estate Amendment Act. ​ Environment and Parks Minister Jason Nixon is expected to introduce Bill 16, Public Lands ​ ​ ​ ​ Modernization (Grazing Leases and Obsolete Provisions) Amendment Act. Per the order paper, Community and Social Services Minister Rajan Sawhney could also ​ ​ introduce Bill 17, Disclosure to Protect Against Domestic Violence (Clare’s Law) Act, and ​ ​ Energy Minister Sonya Savage could introduce Bill 18, Electricity Statutes (Capacity Market ​ ​ ​ ​ Termination) Amendment Act. Premier watch Premier Jason Kenney spoke at the Edmonton Mennonite Centre for Newcomers’ RISE ​ ​ Awards ceremony on Thursday night, where he told attendees about his government’s Fairness For Newcomers Action Plan. In an interview with CBC’s The Current, Kenney signalled he would not hold a provincial ​ ​ ​ referendum on the equalization formula if Conservative Party of Canada Leader Andrew ​ Scheer ends up in the prime minister’s office. Kenney has previously said a 2021 referendum ​ on the issue would remain in play unless a coastal pipeline is built, Bill C-69 and Bill C-48 are ​ ​ ​ ​ repealed, and “a fair deal” on equalization is achieved through Ottawa.
    [Show full text]
  • 2020-23 Fiscal Plan (Alberta Budget 2020)
    BUDGET 2020 Fiscal Plan A Plan for Jobs and the Economy 2020 – 23 Alberta Treasury Board and Finance Communications 9th floor, Edmonton Federal Building 9820 – 107 Street NW Edmonton, Alberta, T5K 1E7 Telephone: 780 427-5364 Toll-free within Alberta: 310-0000 then 780 427-5364 [email protected] For electronic copies of Budget 2020: Fiscal Plan visit our website at: alberta.ca/budget-documents.aspx ISBN 978-1-4601-4716-0 (Print) ISBN 978-1-4601-4717-7 (Online) ISSN 2369-0119 (Print) ISSN 2369-0127 (Online) Copyright © 2020 President of Treasury Board and Minister of Finance and its licensors. All rights reserved. BUDGET 2020 GOVERNMENT OF ALBERTA | 2020 –23 2020 –23 Fiscal Plan PRESENTED BY TRAVIS TOEWS PRESIDENT OF TREASURY BOARD AND MINISTER OF FINANCE in the Legislative Assembly of Alberta February 27, 2020 Accountability Statement The government’s Fiscal Plan for the three years commencing April 1, 2020 was prepared under my direction in accordance with the Fiscal Planning and Transparency Act and the government’s accounting policies. All of the government’s policy decisions as of February 14, 2020 with material economic or fiscal implications have been considered in preparing the three year Fiscal Plan. Original signed by Travis Toews President of Treasury Board and Minister of Finance February 14, 2020 2 Fiscal Plan 2020 – 23 Fiscal Plan 2020 – 23 Overview ................................................................ 5 A Blueprint for Jobs ........................................................ 23 Economic Outlook ........................................................
    [Show full text]
  • Legislative Assembly of Alberta the 30Th Legislature Second Session
    Legislative Assembly of Alberta The 30th Legislature Second Session Standing Committee on Public Accounts Energy Tuesday, June 15, 2021 8 a.m. Transcript No. 30-2-26 Legislative Assembly of Alberta The 30th Legislature Second Session Standing Committee on Public Accounts Phillips, Shannon, Lethbridge-West (NDP), Chair Guthrie, Peter F., Airdrie-Cochrane (UC), Deputy Chair Armstrong-Homeniuk, Jackie, Fort Saskatchewan-Vegreville (UC) Lovely, Jacqueline, Camrose (UC) Neudorf, Nathan T., Lethbridge-East (UC) Pancholi, Rakhi, Edmonton-Whitemud (NDP) Renaud, Marie F., St. Albert (NDP) Rowswell, Garth, Vermilion-Lloydminster-Wainwright (UC) Schmidt, Marlin, Edmonton-Gold Bar (NDP) Singh, Peter, Calgary-East (UC) Turton, Searle, Spruce Grove-Stony Plain (UC) Walker, Jordan, Sherwood Park (UC) Office of the Auditor General Participant W. Doug Wylie Auditor General Support Staff Shannon Dean, QC Clerk Teri Cherkewich Law Clerk Trafton Koenig Senior Parliamentary Counsel Philip Massolin Clerk Assistant and Director of House Services Michael Kulicki Clerk of Committees and Research Services Sarah Amato Research Officer Melanie Niemi-Bohun Research Officer Nancy Robert Clerk of Journals and Research Officer Warren Huffman Committee Clerk Jody Rempel Committee Clerk Aaron Roth Committee Clerk Rhonda Sorensen Manager of Corporate Communications Janet Laurie Supervisor of Corporate Communications Jeanette Dotimas Communications Consultant Michael Nguyen Communications Consultant Tracey Sales Communications Consultant Janet Schwegel Director of Parliamentary
    [Show full text]
  • ALBERTA BUDGET 2021 Contents
    ALBERTA BUDGET 2021 Contents The 2021 Alberta Budget: What You Need to Know ......................................................1 Advanced Education .....................................................................................................................4 Agriculture and Forestry .............................................................................................................5 Children’s Services .......................................................................................................................6 Community and Social Services .............................................................................................7 Culture, Multiculturalism and Status Of Women .............................................................8 Education ..........................................................................................................................................9 Energy ............................................................................................................................................... 10 Environment and Parks ..............................................................................................................11 Health and Mental Health ........................................................................................................ 12 Indigenous Relations ................................................................................................................. 14 Infrastructure ................................................................................................................................
    [Show full text]
  • Fuel and Faith: a Spiritual Geography of Fossil Fuels in Western Canada
    Fuel and Faith: a spiritual geography of fossil fuels in Western Canada by Darren Fleet M.J., University of British Columbia, 2011 B.A., Simon Fraser University, 2005 Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy in the School of Communication Faculty of Communication, Art and Technology © Darren Fleet 2021 SIMON FRASER UNIVERSITY Spring 2021 Copyright in this work rests with the author. Please ensure that any reproduction or re-use is done in accordance with the relevant national copyright legislation. Declaration of Committee Name Darren Fleet Degree Doctor of Philosophy Title Fuel and Faith: a spiritual geography of fossil fuels in Western Canada Committee Chair: Siyuan Yin Assistant Professor, Communication Shane Gunster Supervisor Associate Professor, Communication Enda Brophy Committee Member Associate Professor, Communication Stephen Collis Committee Member Professor, English Am Johal Examiner Director, Vancity Office of Community Engagement Imre Szeman External Examiner Professor, Communication Arts University of Waterloo ii Ethics Statement iii Abstract With the acceleration of climate change, Canada's commitment to action on carbon emissions faces several vital contradictions. These tensions have economic, social, and communicative dimensions. This research seeks to investigate some of these manifestations by looking at how energy is understood and articulated through the lens of faith. Unique to the Canadian cultural/petrol landscape is that the physical geography of extraction
    [Show full text]
  • 2021 Environmental Scan
    UNMASKING THE FUTURE 2021 Environmental Scan Prepared for Calgary Foundation • January, 2021 • By James Stauch Institute for Community Prosperity, Mount Royal University 1 UNMASKING THE FUTURE TABLE OF Contents 3 Introduction 6 Scanning the Horizon 8 A Roaring, but Shackled, Twenties 11 A Political Forecast: Shifting Polarities 15 A Civil Society Forecast: Stepping Up and Stepping Out 19 Feminizing Finance: The Age of She-conomics 21 The Business of Government? Whatever We Want it to Be 24 Toward Universal Child Care: The Key to a She-covery 26 Flattening the Carbon Curve, Flattening the Rockies 28 Exorcising the Resource Curse: The Emerging Post-Carbon Alberta Powerhouse 31 Clocking in to the 21st Century: A Workplace Revolution 34 A New (Digital) Deal 37 From Pity to Parity: Revisiting Income and Social Supports 39 Old Canada: Do We Stand on Guard for Thee? 42 The Experience(d) City: From a Place to Work to a Place to Live 44 Full Speed Ahead: The Electric, Eclectic Future of Transportation 46 There and Back Again: Rediscovering the Community Policing Paradigm 48 Not OK, Boomer: Polarization or an Epidemic of Gullibility? 2 UNMASKING THE FUTURE Introduction “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us…” Charles Dickens, A Tale of Two Cities “While the COVID-19 pandemic affects us all, the health impacts have been worse for seniors, essential workers, racialized populations, people living with disabilities and women.
    [Show full text]
  • Legislative Assembly of Alberta the 30Th Legislature First Session
    Legislative Assembly of Alberta The 30th Legislature First Session Standing Committee on Resource Stewardship Ministry of Energy Consideration of Main Estimates Tuesday, November 19, 2019 3:30 p.m. Transcript No. 30-1-12 Legislative Assembly of Alberta The 30th Legislature First Session Standing Committee on Resource Stewardship Hanson, David B., Bonnyville-Cold Lake-St. Paul (UCP), Chair Ceci, Joe, Calgary-Buffalo (NDP), Deputy Chair Bilous, Deron, Edmonton-Beverly-Clareview (NDP)* Dach, Lorne, Edmonton-McClung (NDP) Feehan, Richard, Edmonton-Rutherford (NDP) Getson, Shane C., Lac Ste. Anne-Parkland (UCP) Jones, Matt, Calgary-South East (UCP)** Loewen, Todd, Central Peace-Notley (UCP) Rehn, Pat, Lesser Slave Lake (UCP) Rosin, Miranda D., Banff-Kananaskis (UCP) Rowswell, Garth, Vermilion-Lloydminster-Wainwright (UCP)*** Sabir, Irfan, Calgary-McCall (NDP) Schmidt, Marlin, Edmonton-Gold Bar (NDP) Sigurdson, R.J., Highwood (UCP) Singh, Peter, Calgary-East (UCP) Smith, Mark W., Drayton Valley-Devon (UCP) Turton, Searle, Spruce Grove-Stony Plain (UCP) Yaseen, Muhammad, Calgary-North (UCP) * substitution for Lorne Dach ** substitution for Shane Getson *** substitution for Mark Smith Also in Attendance Horner, Nate S., Drumheller-Stettler (UCP) Support Staff Shannon Dean Clerk Stephanie LeBlanc Clerk Assistant and Senior Parliamentary Counsel Teri Cherkewich Law Clerk Trafton Koenig Parliamentary Counsel Philip Massolin Clerk of Committees and Research Services Sarah Amato Research Officer Nancy Robert Research Officer Michael Kulicki Committee Clerk Jody Rempel Committee Clerk Aaron Roth Committee Clerk Karen Sawchuk Committee Clerk Rhonda Sorensen Manager of Corporate Communications Jeanette Dotimas Communications Consultant Tracey Sales Communications Consultant Janet Schwegel Managing Editor of Alberta Hansard Transcript produced by Alberta Hansard Standing Committee on Resource Stewardship Participant Ministry of Energy Hon.
    [Show full text]
  • Legislative Assembly of Alberta the 30Th Legislature Second Session
    Legislative Assembly of Alberta The 30th Legislature Second Session Standing Committee on Resource Stewardship Ministry of Energy Consideration of Main Estimates Wednesday, March 4, 2020 3:30 p.m. Transcript No. 30-2-4 Legislative Assembly of Alberta The 30th Legislature Second Session Standing Committee on Resource Stewardship Hanson, David B., Bonnyville-Cold Lake-St. Paul (UCP), Chair Ceci, Joe, Calgary-Buffalo (NDP), Deputy Chair Dach, Lorne, Edmonton-McClung (NDP) Feehan, Richard, Edmonton-Rutherford (NDP) Getson, Shane C., Lac Ste. Anne-Parkland (UCP) Loewen, Todd, Central Peace-Notley (UCP) Rehn, Pat, Lesser Slave Lake (UCP) Rosin, Miranda D., Banff-Kananaskis (UCP) Sabir, Irfan, Calgary-McCall (NDP) Singh, Peter, Calgary-East (UCP) Smith, Mark W., Drayton Valley-Devon (UCP) Stephan, Jason, Red Deer-South (UCP)* Yaseen, Muhammad, Calgary-North (UCP) * substitution for Mark Smith Also in Attendance Gray, Christina, Edmonton-Mill Woods (NDP) Rowswell, Garth, Vermilion-Lloydminster-Wainwright (UCP) Schmidt, Marlin, Edmonton-Gold Bar (NDP) Support Staff Shannon Dean Clerk Stephanie LeBlanc Clerk Assistant and Senior Parliamentary Counsel Teri Cherkewich Law Clerk Trafton Koenig Parliamentary Counsel Philip Massolin Clerk of Committees and Research Services Sarah Amato Research Officer Nancy Robert Research Officer Michael Kulicki Committee Clerk Jody Rempel Committee Clerk Aaron Roth Committee Clerk Rhonda Sorensen Manager of Corporate Communications Jeanette Dotimas Communications Consultant Tracey Sales Communications Consultant Janet Schwegel Director of Parliamentary Programs Amanda LeBlanc Deputy Editor of Alberta Hansard Transcript produced by Alberta Hansard Standing Committee on Resource Stewardship Participants Ministry of Energy Hon. Sonya Savage, Minister Douglas Borland, Assistant Deputy Minister, Ministry Services March 4, 2020 Resource Stewardship RS-307 3:30 p.m.
    [Show full text]
  • 2020-2021 Independent Auditor's Opinions
    2020-2021 Independent Auditor’s Opinions As of November 15, 2019, we are planning to conduct 109 statutory financial statements audits of the Province of Alberta, its agencies, boards and commissions and regulated funds for the year ended March 31, 2020. Our independent audits provide assurance on the accuracy and completeness of the financial reporting of the following entities, and ensures accountability on the expenditure of public resources: Regulated Funds Alberta Foundation for the Arts Access to the Future Fund Alberta Foundation for Health Research Alberta Cancer Prevention Legacy Fund Alberta Historical Resources Foundation Alberta Heritage Foundation for Medical Research Alberta Indigenous Opportunities Corporation Endowment Fund Alberta Innovates Alberta Heritage Savings Trust Fund Alberta Investment Management Corporation Alberta Heritage Scholarship Fund Alberta Pensions Services Corporation Alberta Heritage Science and Engineering Research Alberta Securities Commission Endowment Fund Alberta Social Housing Corporation Alberta Lottery Fund Alberta Sport Connection Alberta Risk Management Fund Alberta Transportation Safety Board Alberta School Foundation Fund Alberta Utilities Commission Climate Change and Emissions Management Fund Canadian Energy Centre Environmental Protection and Enhancement Fund Energy Efficiency Alberta Historic Resources Fund Gainers Inc. Human Rights Education and Multiculturalism Fund Natural Resources Conservation Board Land Stewardship Fund N.A. Properties (1994) Ltd. Post-closure Stewardship Fund
    [Show full text]