Quote:
Originally Posted by iggy_oi
In all seriousness, how big of an impact overall do you think not doing one would have had. Do you have any quantifiable data to support how badly it affected investment or our economy? Getting a little tired of the “it scared away invest in a market that was already on the downswing anyways” rhetoric.
|
Here's one article that explains some of the uncertainty and ramifications that the review caused though:
https://financialpost.com/commoditie...estors-nervous
Take note that both would-be foreign investors were not investing in Alberta, and that deals that were being completed were largely not in Alberta. Of course the global markets had issues at that point, but those two points are directly as result of the royalty review. And for an added bonus, they touch on the NDP opposition to Keystone XL.
As far as whether it's quantifiable, it's extremely difficult to make that leap. But to suggest that this was rhetoric is just partisan. No investor clamors for uncertainty, which is exactly what the NDP did with that review.