Kenney also said that while his government believes in free market solutions, it would look at ways to directly invest in the energy sector due to “existential threats.”
He did not provide details.
“We will, as a government, be assessing in which ways we may need to ensure future investment in the Canadian energy sector to ensure an economic future for this province. There will be news in that sense to come.”
When asked if that could mean an investment in the Frontier mine, Kenney said, “We’re ruling nothing out.” …
Above quotes from:
Kenney promises new law to protect ‘critical infrastructure’ after Teck Frontier withdrawal, Teck Resources says project became focal point of national debate on climate, economy by Drew Anderson, Feb 24, 2020, CBC News
Comment by an Albertan:
These AIMCo “loans” are not so much loans for investment but funding scams designed to assist foreign operators in removing their financial assets and reclamation liabilities from Canada
Desperate men must take desperate insane measures.
Look out Albertans whose pensions Kenney stole to give to AIMCo. Crazy Days in Alberta: The Poison Wells File. The province let oil and gas firms create a $100-billion disaster. New example? Shell Pieridae Briko Ikkuma Alberta Foothills Sour Gas Marriage financed by AIMCo and about $10Billion in liabilities.
CNBC’s Jim Cramer: “I’m done with fossil fuels … they’re just done. We’re starting to see divestment all over the world. … It’s going to be a parade that says, ‘Look, these are tobacco and we’re not going to own them.’ … Younger people don’t want to own them. The dividends are great…but you can tell that the world’s turned on them. It’s actually happening really quickly.”
Will there be any pension money left to squander after AIMCo bought into Coastal GasLink Pipeline?
Teck does only smart thing possible given the pathetic economics and investors globally rejecting fossil fuels; Withdraws Frontier Tarshit project. Excellent, now Teck can clean up its toxic pollution in BC and heed court orders against the company.
BNN Interviews Alberta Oil Patch Consultant Brent Nimeck on Lexin and AER’s Orphan Wells: “This problem is 30 years in the making. … I would call it a Ponzi Scheme…. This is an orchestrated fraud from multiple angles: Industry, CAPP and the Alberta Energy Regulator have enabled this to happen. … Through our independent analysis and we’ve confirmed this at multiple sources within the energy regulator, the liabilities are over $300 billion. That’s what’s on the hook for Alberta taxpayers right now – $300 billion.”