Oil giant Shell promoted a carbon tax in Alberta and then sold the majority of their oil sands assets because they weren’t advantaged enough in those projects but they also took taxpayer money for their Quest carbon capture project added to the Scotford Refinery in 2015.
I’m not saying that as a business Shell shouldn’t make decisions that make them more prosperous, but pushing a carbon tax on Albertans when they couldn’t afford it themselves, is indefensible.
Oil and gas companies are leaving Alberta because the political climate is unstable thanks to the NDP who have brought in a royalty review, increased corporate taxes during the downturn and introduced a carbon tax, all making it more costly for companies to produce.
Of course, Minister of Environment and Climate Change Catherine McKenna continues to deny that Shell left Alberta due to the carbon tax claiming it was a business decision. And NDP Deputy Premier Sarah Hoffman made the same claim after Shell’s announcement.
The NDP might get voted out next election, but it’s going to take at least a decade to clean up the mess they’ve left behind.
Businesses will go where they can be profitable, they aren’t going to stick around for a rebuild that’s filled with uncertainty.
The NDP have closed shop in Alberta and the doors won’t open again anytime soon.