Following Alberta’s referendum decisively rejecting independence and choosing to remain part of Canada, business leaders across the country are urging federal and provincial governments to increase investment in the province’s energy sector. More than 75 percent of Albertans voted against the separatist movement in Monday’s vote, signaling a clear preference to maintain their place within the federation.

In the lead-up to the referendum, several prominent executives from Alberta’s energy industry publicly warned of the economic risks associated with secession, despite the sector’s typical hesitation to engage in political matters. In the aftermath of the vote, these leaders have called for renewed focus on large-scale energy infrastructure projects aimed at realizing Alberta’s resource potential within the Canadian economy.

Vern Yu, president and CEO of AltaGas, who actively supported the Remain campaign, expressed optimism about the province’s future. In a statement Tuesday, he highlighted Alberta’s abundant natural resources, innovative companies, and skilled workforce as assets that position the province for growth. “Now, it’s time to get to work,” Mr. Yu wrote, emphasizing the importance of collaboration going forward.

Among the key projects under consideration are a proposed pipeline connecting the oilsands to a deepwater port in Vancouver, expanded carbon-capture facilities to reduce emissions, and broader development of natural gas export terminals. These initiatives are seen as critical to both capitalizing on Alberta’s energy reserves and meeting environmental standards.

Mark Little, former CEO of Suncor Energy from 2019 to 2022, described the referendum outcome as “very positive” for the province’s prospects. Responding to Premier Danielle Smith’s online statement marking the federalist victory, Mr. Little noted there remains “lots of work to do to achieve Alberta’s full potential in Confederation,” urging momentum to continue.

Voices from outside the energy industry also recognized the referendum’s significance, pointing to the need for enhanced cooperation between Ottawa and provincial governments across sectors. The result is viewed broadly as an opportunity to strengthen intergovernmental relations and foster economic development nationwide.

As Alberta turns its attention to economic growth following the vote, pressure is mounting on federal and provincial leaders to translate the clear mandate for unity into concrete investment commitments that support the province’s energy ambitions and broader economic goals.