The Canadian province of Alberta, home to the world’s third-largest crude reserves, is making a push to become a hub for artificial intelligence data centers and sees the potential to attract C$100 billion ($71 billion) in investments.
Kevin Orland, Bloomberg NewsAndrew Lipow, president of Lipow Oil Associates, breaks down how Trump's proposed tariffs could impact Canadian oil and natural gas production.
The government is planning to introduce legislation, make regulatory changes and roll out new services to encourage technology companies to build data centers in the province. The strategy seeks to take advantage of Alberta’s abundance of natural gas for power generation, low taxes and cold climate, which could reduce firms’ cooling costs.
“Time is money, and if we can give people the gift of time, we know that that’s going to have a meaningful impact on their investment decisions and on their return on investment,” Glubish said in an interview. “So if we can move fast and give people certainty and eliminate risk in the process, folks are going to love doing business in Alberta.”
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