Rachel Notley’s bad policies have claimed another oil project and hundreds of Alberta jobs. Koch is cancelling their 10,000 bpd Muskwa SAGD project.
Koch vice-president Byron Lutes told the Alberta Energy Regulator:
“Koch Oil Sands Operating ULC does not believe the current nor medium term economic environment in Alberta will provide opportunity to generate an adequate return on the required capital for construction of the Muskwa SAGD project’...
The longer term risk of the project is further burdened with regulatory uncertainty around the Climate Leadership Program and its potential impacts on the project, from carbon tax to the emissions cap, both recently legislated by the Alberta government”
Hundreds of long term jobs in production, extraction, and trucking are just gone, thanks to the toxic Climate Leadership Plan and Rachel Notley's crazy regulations.