This translation has been automatically generated and has not been verified for accuracy.The cancellation of the massive Frontier oil sands mine prompted a swift and negative reaction from Canada’s business leaders, who warn it sends a “terrible message” and confirms the politicization of Canada’s regulatory process.
In recent months the $20.6-billion project, which was expected to emit 4.1 megatonnes annually while creating thousands of jobs and billions in revenues, found itself at the centre of a heated political debate on resource development and climate change. He suggested three key changes to fix mistakes made on both the economy and the environment. They include all sides accepting carbon pricing as the “best way of addressing climate change”; accepting that oil remains in high demand and oil produced in Canada is “world class,” and prioritizing reconciliation with Indigenous communities.
”This decision is damaging to the Alberta and Canadian economies, and to the economies of aboriginal peoples around the project area who would have seen enormous long-term, sustainable benefit,” Ron Quintal said.
jkenney globebusiness Saddened to hear that decision . . .
jkenney globebusiness This is Trudeau’s message to investors.
jkenney globebusiness Yeah thanks. The messags is loud and clear. The UCP are backwards science denying tyrants. Businesses will know to steer clear.
jkenney globebusiness It doesn’t make sense to pull out days before decision. It looks like Something else behind this.
jkenney globebusiness Has any leader reached out and talked to them .. tried negotiating on any level
jkenney globebusiness Yes it does. jkenney what are you going to do about the climate change policies in your province. How can you move towards what even an oil company like Teck wants you to do.
jkenney globebusiness Yes, don't do business with the UCP. ableg
jkenney globebusiness Yes, don't do business with the UCP.
jkenney globebusiness It's nothing they already didn't know the second Trudeau was elected.
jkenney globebusiness As long as we have a spineless liberal_party that panders to the vocal minority the social fabric of Canada will remain a tattered mess. Do we descend into anarchy or will the moderate majority find its voice? Reconciliation has been set back decades for shortsighted gains
globebusiness JustinTrudeau closing down Canada
jkenney globebusiness I think Tech has it right. Canada is not a place to do business. I do not believe in the leadership of Canada and personally will divest as much as possible.
jkenney globebusiness Now they publish this?
jkenney globebusiness killingcanada
jkenney globebusiness TrudeauIsNotFitForOffice
jkenney globebusiness Alberta Independence is the ONLY way forward. Can'tada is failed state.
jkenney globebusiness Many losers on this decision - biggest are the indigenous groups, who I believe would have been major equity partners in this project. A generation of highly skilled, paid jobs to lift people out of poverty has been taken away. Truly sad day.
globebusiness Trideau sends terrible message to investors 5 years running. Globe has helped whip up the environment cult crazies
globebusiness Leave carbon in the ground.
globebusiness sorry, but it’s actually investors that are sending the message. and increasingly they’re going to be saying, “no, we don’t want to buy into this stuff. it has no long-term future.”
globebusiness It’s time to transition to renewable sources of energy
globebusiness another FAILURE of trudeau the jacobin communist-RESIGN!
globebusiness Good. I am tored of the oil resource sector.
globebusiness A Sign of The Times !