Calgary at the Crossroads: Balancing Sovereignty and Investment in Critical Resources
Canadians Prioritize Sovereignty Amidst Investment Debate
Calgary, as a hub for Canada's energy and emerging critical minerals sectors, is deeply engaged in the national conversation surrounding foreign investment. A November 26, 2025, poll by the non-profit Angus Reid Institute revealed that three-in-five (59%) Canadians view "losing sovereignty" over critical resources as a greater economic threat than the potential loss of development and jobs due to insufficient investment. This sentiment shapes federal policy under Prime Minister Mark Carney, who assumed office on March 14, 2025, and whose government prioritizes accelerating critical resource development amidst a complex global landscape, including Donald Trump's second term as US President inaugurated January 20, 2025.
Federal Strategy Meets Local Stakes
Ottawa is actively balancing resource development with national interest. The government is reviewing a proposed acquisition of Canada's Teck Resources by British Anglo American, stipulating the combined company be headquartered in Canada and adhere to Canadian regulations. This aligns with years of actively discouraging Chinese investment in critical sectors. Federal initiatives include a C$6.4 billion investment in 26 mining projects, a $2 billion "Critical Minerals Sovereign Fund," and the G7 Critical Minerals Action Plan launched in Kananaskis, all aimed at bolstering resource security. However, Calgary understands overly restrictive policies could stall development and job creation, vital for the city's robust economy and projected growth.
Alberta's Push for Competitiveness
The Alberta government, under Premier Danielle Smith, is actively engaging with Ottawa, with an energy pact expected to provide exemptions from federal environmental laws and support a new oil pipeline to the B.C. coast, contingent on provincial carbon pricing and significant carbon capture investments. The Calgary Chamber of Commerce has welcomed Budget 2025's focus on economic priorities, advocating for reduced tax rates and streamlined regulations to stimulate private sector investment. For Calgary, navigating the balance between national sovereignty and creating a competitive investment environment remains crucial for sustained prosperity.
