Another day, another Alberta company laying off hundreds of people. Devon Energy waited until Alberta’s NDP budget. They saw it. And they decided to lay off 200 more employees, and reduce their capital spending as low as they could.
They can’t quit Alberta. They can just reduce their exposure to Rachel Notley and the attack dogs of the NDP as much as they can.
Shell just outright cancelled its Carmon Creek oilsands project, cancelling 1,450 jobs. Because they hadn’t built it yet. They lost $2 billion, but obviously they thought that was less than they’d lose by building under the NDP.
MEG energy laid off 240. Cenovus laid off 700 people. And those are just the big companies that make news. How many thousands of little companies have laid off five or ten people. How many indirect losses too, from auto dealer to restaurants to hotels.
Low world prices of oil are a factor, but companies like Shell do business in dozens of countries. It’s shocking that they believe they can get a higher rate of return, with lower risk, in places like Nigeria and Iraq, than in Alberta.
It’s too late for the 200 people at Devon, and the hundreds at Cenovus and Meg and Shell. But we’ve got to stop them. VISIT SaveAlbertaJobs.com to sign up for the fight.
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READ Ezra Levant's bestselling books debunking environmentalist propaganda against the energy industry:
Groundswell: The Case for Fracking and Ethical Oil: The Case for Canada's Oil Sands