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The Alberta Energy Regulator (AER) is a quasi-judicial, independent agency regulating the development of energy resources in Alberta. Headquartered in Calgary, Alberta, the AER's mandate under the Responsible Energy Development Act (REDA) is "to provide for the efficient, safe, orderly and environmentally responsible development of energy resources and mineral resources in Alberta.” [1]
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In 1984, the Alberta Department of Energy and Natural Resources (ENR), was a complex multi-divisional organization, with a permanent staff of 2, 605 and a budget of $499 million, that was responsible for the management of energy, mineral, forest and fish and wildlife resources as well as public (crown owned lands) which constituted 62% of Alberta's land base. [2]
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According to a 2015 University of Alberta's Parkland Institute report by Jim Roy, who was a senior advisor for Royalty Policy for Alberta Energy from 1985 to 1993, from 2010 to 2015 Alberta collected $13.5 billion less in royalty than in the previous five years. Instead of getting the expected $2 billion per year increase, Alberta saw a $3 ...
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The Alberta Investment Management Corporation (AIMCo) was established in 2008 as a crown corporation to consolidate and manage Alberta's public sector investments. The Progressive Conservative government introduced the Alberta Investment Management Corporation Act in 2007, aiming to improve investment returns by up to $500 million annually.