Nothing says socialism like government programs and now the NDP have introduced two such strategies to boost oil and gas activity in Alberta.
The first will target enhanced oil recovery, which involves injecting fluids into an existing well to stimulate more production. The second targets new and more risky plays in emerging areas in order to encourage exploration and development in these regions.
Watch as I explain why, if the NDP really believe that these strategies will attract investors, they’ve got another thing coming.
Implementing these new incentives shows that the NDP have serious regrets for promoting uncertainty and an unstable business atmosphere.
The NDP fail to realize oil and gas companies deal with governments across the world. They’re not going to roll over like dogs and take a Notley cookie that gives them next to nothing in return.
During a time when companies are sticking to their surest bets, they’re going to go where they get the most bang for their buck – Alberta isn’t that place right now.