Albertans went to the polls on May 5 and elected an NDP government – after 43 years of Progressive Conservative rule. The shock waves reverberate.
At the same time, Alberta is experiencing drastically reduced revenue from oil and gas.
Under the Progressives Conservatives, a cosy relationship existed between oil companies and provincial government. How will it be with the NDP government? Its goals are said to include a review of oil and gas royalties; a small increase in corporate taxes; negotiation of new climate policies; and support for the Energy East and Trans-Mountain pipeline projects, rather than Northern Gateway or Keystone XL. …read more
Source: Canadian International Council