Oil industry reaction to new Alberta premier
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
The Conservative government is hopeful that Alberta's newly-elected NDP government will entertain major pipeline projects, despite new Premier Rachel Notley's hesitant language toward some energy projects.
During her campaign, Notley said she would not lobby for TransCanada's Keystone XL pipeline or Enbridge's Northern Gateway project. Rather, she said she would focus on TransCanada's Energy East pipeline and Kinder Morgan's Trans Mountain pipeline, both of which would carry Alberta crude to the East and West coasts of Canada respectively.
After 43 years of Progressive Conservative reign in Alberta, Notley's NDP won a sweeping majority earlier this month. The win shocked the energy sector, having an immediate effect on stocks the day after the election. Even though Notley has promised to work with the energy industry, business leaders are concerned about a potential review of Alberta's oil royalty regime.
Edited from various sources by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/business-news/26052015/oil-industry-reaction-to-new-alberta-premier/
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