The Canadian Association of Petroleum Producers says it is encouraged by premier-elect Jason Kenney’s commitment to the oil and natural gas industry and looks forward to working constructively with the UCP to ensure the province meets its energy goals.
One day after Kenney and his United Conservative Party won a majority government in the Alberta provincial election, CAPP, in a news release, said that during its campaign, the UCP committed to making regulatory, and economic and fiscal policy reforms aimed at enhancing the competitiveness of Alberta’s oil and natural gas sector.
In his victory speech Tuesday night Kenney said Alberta was open for business.
“Among its many commitments, the UCP said it will decrease the corporate tax rate to eight per cent from 12 per cent, develop a robust natural gas strategy, reduce regulatory red tape, increase regulatory efficiencies, and complete a review of the Alberta Energy Regulator within the first 180 days. The UCP has also pledged to spend up to $30 million to combat misleading news reports about the industry, and to create a ‘war room’ to examine foreign-funded campaigns aimed at discrediting the province’s oil and natural gas sector,” said CAPP.
The Calgary and Edmonton Chambers of Commerce said they united during the election to emphasize the importance of policies that will pull businesses and the economy forward, but their work is only just beginning.
“We will continue to advocate to the government while offering constructive assistance to policy makers to build strong communities and a dynamic marketplace,” said Calgary Chamber President and CEO, Sandip Lalli, in a statement. “It is grow time for businesses.”
“It is in our collective interest to build a constructive relationship between business and government,” added Edmonton Chamber of Commerce President and CEO, Janet Riopel. “If the government commits to making sound policy decisions through the lens of certainty and competitiveness, businesses will do the rest.”
– Mario Toneguzzi