“Any change, until it’s resolved, creates uncertainty and investors look for returns in exchange for risk — and risk is another word for predictability,” said Brian Boulanger, chief executive of Calgary-based ARC Financial Corp.Article contentOn Wednesday, Calgary Chamber of Commerce CEO Deborah Yedlin said she’sOther groups and business leaders aren’t so concerned.
The province has successfully attracted a number of large-scale petrochemical investments in the past 24 months through its new incentive program, although most still need the final green light from proponents.Article content “The sovereignty act, on the surface, it looks like it’s targeted at public-sector entities more than the private sector, but there’s some truth to what the chamber says, that if you’re outside looking in, it looks confusing and it does create uncertainty,” he said.Article content
The Impact Assessment Act is widely viewed by the province and the oilpatch as a major impediment to building new energy infrastructure in the country.
ChrisVarcoe Alberta has been caught in the fallout of many incredibly poor decisions over the years--NDP and Trudeau 1.0 and 2.0 head the list. We'll thrive with this sovereignty decision.
ChrisVarcoe Anything is better than….
ChrisVarcoe Businesses left when Rachel Notley did the Royalty Review. Businesses left when Trudeau and his bus load of bandits cancelled pipelines and crushed Alberta Industry. Businesses will be happy to come with their investment and know trust fund baby Trudeau cannot destroy them.
ChrisVarcoe Better the sovereignty act than the NDP. Business should be very afraid of that based on past performance