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Subject

Alberta's climate policy.

Significance

Alberta's recently announced climate policy marks a sharp reversal of the regulatory environment, after years of energy-friendly provincial governments in Edmonton. Alberta Premier Rachel Notley's emissions reduction plan signals a robust policy shift for the province, with sectoral, national and international knock-on effects.

Impacts

Albertan energy producers will seek to exchange their support of the climate plan for government support of midstream projects.

The Alberta government may forgo a significant increase in oil and gas royalty rates to retain investment in the oil sands.

Alberta's health services may see job-loss-related strains, such as increased rates of mental health problems, suicide and substance abuse.

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