When the subject is Alberta's failing economy, we're told that the 100,000 people who lost their jobs, and the cancellation or postponements of massive projects, is just due to world oil and gas prices, not NDP policies.
"Encana posts loss, accelerates activity in U.S. Permian basin."
Encana is one of Canada’s biggest oil and gas companies, headquartered in Calgary. The Permian basin is in Texas.
"Encana plans to spend an extra $150 million in the Permian shale field in the current quarter that was originally earmarked for 2016. The company expects total capital spending of $2.2 billion this year, the upper end of its earlier forecast.”
Encana is hiring people. And drilling for oil. They’re just doing it in Texas, not Alberta.
Here's their boss, Doug Suttles:
"Suttles also said Encana's next well in the Duvernay oil and gas formation in Alberta would be deferred until the Alberta government completes reviews into royalty rates and climate change policies.”
They’re going to wait until Rachel Notley and her NDP are done with all of their taxing and regulating. And then they’ll make a decision.
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