“The flight of international capital from Alberta should be of great concern to all Albertans, including this NDP government,” said Progressive Conservative Caucus Leader and MLA for Calgary-Hays, Ric McIver. “Previous governments worked incredibly hard over decades to attract the foreign investment that was necessary to grow our oil and gas industry into the economic engine of Canada. In two short years, the NDP has set Alberta’s oil sands back three decades with policies that have chased multiple foreign investors, ultimately stunting the long-term growth of the industry.”
This year alone, international investors have liquidated more than $30 billion in Alberta assets, taking headquarters, jobs and investor confidence to other energy-producing jurisdictions with more competitive business environments.
“The future health of Alberta’s energy sector, particularly the oil sands, depends on our ability to attract foreign investment,” said Progressive Conservative Energy Critic and MLA for Calgary-South East, Rick Fraser. “The net result is that in addition to the burden of massive NDP debt payments, future generations of Albertans will have fewer opportunities as a result of this government’s devastating economic and regulatory policies.”