Canadian Natural is just the latest in a string of companies that have issued public warnings of the possible fallout if the province goes ahead with the recommended royalty rate increase. EnCana and Talisman have said they would pull millions of dollar in annual spending from the province.
http://www.cbc.ca/money/story/2007/10/09/canadiannatural.html
[Alberta would still have the lowest unemployment rate in the country, still have a viable oil/gas industry, have another $2 billion in the bank, and have a more manageable rate of growth. Obviously (it's obvious, right?) the rate of improvements to the roads, water (etc) infrastructure hasn't kept pace with the rate of development. None of these oil companies has said that Alberta would be a bad place to do business and abandon it. -- NSay] [Proofreader’s note: this article was edited for spelling and typos on October 10, 2007]
Stumble It!
keeping these people employed I'd rather just give them an income for the sake
of having a healthy environment, something these corporations obviously are
not taking seriously. 3900 jobs or 3900+ dead?
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"The most sustainable product is the one you never bought in the first place."
Alex Steffan
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Dave Ruston
We need a little slow down to put sanity back into Alberta.
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