Lougheed establishes the Alberta Heritage Trust Fund, putting a portion of oil revenues into long-term investments.
Syncrude opens its second oilsands project in Fort McMurray, a $2.3 million open- pit mine and processing plant.
Edmonton hosts the Commonwealth Games.
Albertan Joe Clark becomes prime minister. His minority government is dissolved by a confidence vote nine months later.
Prime minister Pierre Trudeau announces the National Energy Program, increasing Ottawa’s take of Alberta oil revenues.
Oil rig outside Calgary, 1975