Alberta has literally lost any competitive advantage it once had:
- Access to pipelines still an issue
- Lack of faith in AB government over royalties. 2 reviews in 10 years doesn't create any kind of stability for pricing projects.
- Increased corporate taxes
- Increased carbon taxes
- cap on emissions
It's no wonder drilling in the US has picked up whereas we seem to be stuck in quicksand. Both our Fed and Prov governments have done nothing but hurt the industry with poor policies and not moving on key issues - namely pipelines.
It's a shame really and I don't see how we are going to get out of this rut. I remember 13 years ago when it was like a gold rush into Alberta and now companies are exiting as fast as they can.
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