A recent request to cancel an oilsands project due to “regulatory uncertainty” is a signal of similar economic moves to come, according to the Wildrose party.
MLA Don MacIntyre said he expects to see more companies follow suit after Koch Oil Sands Operating asked the Alberta Energy Regulator to rescind its approval of the Muskwa steam-assisted gravity drainage (SAGD) project.
“We’ve been saying all along that investor confidence is being undermined and that carbon taxation, when none of the other jurisdictions around you are doing it, just leads to carbon leakage and investor confidence being severely hurt,” said MacIntyre.
Yolande Cole – Calgary Herald, December 19, 2016.
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