May 19, 2024
Rejecting Teck oilsands project would send 'devastating' message to investors, Kenney warns Ottawa
'It’s hard to overstate the response of Albertans, not just our government, but Albertans broadly, if this project were to be rejected,' says Alberta Premier Jason Kenney.
‘It’s hard to overstate the response of Albertans, not just our government, but Albertans broadly, if this project were to be rejected,’ says Alberta Premier Jason Kenney.

A rejection of Teck Resources Ltd.’s enormous oilsands project would draw a very serious response from Alberta and send a “devastating” message to global investors, Premier Jason Kenney said Friday.

The federal government must decide by month’s end whether to approve Teck’s $20.6-billion Frontier Mine, which is expected to employ 7,000 workers in the heartland of Canada’s beleaguered oil industry. Ottawa is currently working on an aid package for Alberta intended to soften the blow if the project is blocked, Reuters reported Thursday.

“It’s hard to overstate the response of Albertans, not just our government, but Albertans broadly, if this project were to be rejected,” Kenney told an audience at the Canada Institute in Washington.

Teck has already spent $1 billion during the past decade to clear a series of regulatory hurdles, invest in technology designed to lighten the mine’s carbon footprint and forge agreements with First Nations groups, Kenney said. A rejection from Ottawa now would signal to investors that despite such efforts, projects can ultimately be scuttled by an “arbitrary political decision” made without any transparency, he said.

“I think that would be a devastating message to send in terms of investor confidence at a time when we are struggling to attract foreign direct investment to the Canadian economy,” he said, speaking alongside Saskatchewan Premier Scott Moe. “So the response would be very challenging.”

[…]

See Also:

(1) The federal government has abrogated its responsibility to hold First Nations accountable

(2) PM should treat Alberta like Quebec and approve Teck Frontier

(3) Hunters not to blame for gun violence

(4) Make no mistake about it, press freedom is under attack in Canada

(5) Canada’s Ambassador to China’s priorities in communist Beijing

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Don Deacon
Don Deacon
February 11, 2020 12:20 pm

The sooner the West separates or at least gets rid of Trudeau and his ilk the better. Canada is going down the drain and fast thanks to Trudeau and the Liberal party.