Quote:
Originally Posted by CaptainCrunch
I disagree with you on this completely, there has to be a fair escape clause or else you can get a government that can enact completely harmful changes to an industry or a company without consequence and damn any previously signed agreements. Any company with any kind of intelligent negotiation team is going to want an escape clause to protect them from damaging changes.
And if that is upheld by the courts, businesses will look at the NDP as business hostile and not invest here.
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Well, there is always the prospect of political consequences (at the polls) for bad decisions. That is the most serious consequence for elected officials.
Anyway, in my experience (which is not totally unrelated) and opinion, the "change in law"' provision in these arrangements is uncommon (I've never seen one before) and very favourable to the buyers. It doesn't seem like it was avery good deal for Albertans (at least in the long term.) That said, its complicated, I don't know a lot about the electricity generation market, and so I'm totally prepaed to be wrong on that front.