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Alberta Oil Industry "Stunned" By Venezuelan-Style Regulation of Oil Sands

by LiveModern Webmaster last modified Jan 04, 2012 02:05 AM
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by last modified Apr 06, 2011

Scan, Globe and Mail April 6 I just had to scan that headline in Canada's National Newspaper. Is this April Fools? When has the Alberta government done anything that would "stun" the oil industry? But according to the Globe and Mail , the recent announcements of new environmental rules and protected areas... sent shock waves rippling across an industry that has spent vast sums of money to acquire land in the region. The prospect of having parts of it ripped away prompted one executive to compare Alberta to Venezuela, and to warn that any expropriation of land may frighten away investment crucial to developing one of Alberta's most important economic resources . And what has Premier Eddy Chavez done?... Read the full story on TreeHugger






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