[chemgear]

http://calgaryherald.com/business/en...anana-republic

Calgary’s business community waded into the highly charged power contract dispute Wednesday, saying any attempt by the NDP government to retroactively change such agreements would be “reckless and dangerous” and turn Alberta into a “banana republic.”

Echoing criticism a day earlier from Mayor Naheed Nenshi, Legge said using legislation to alter 16-year-old power agreements would possibly be the “the worst course of action that this government could pursue.”

“It is a decision that would put Alberta back centuries in terms of its ability to be a destination of choice for business,” Legge said.

“If I were giving them advice on this, I would say ‘Holy cannoli, are you really thinking about doing this,” the mayor told reporters, insisting the move would shatter investor confidence in Alberta.

“It’s absolutely nuts.”

When pressed Monday, Premier Rachel Notley didn’t rule out legislation that would retroactively nullify certain clauses within those power pacts.

“Without question, it would cause investors to think twice about whether they want to invest on the terms that are being suggested.”