Alberta’s Energy and Trade Policy Is Hurting Industry
New Report Says Focus on Short-term Gain Sacrifices Long-term Prosperity
Edmonton – The Provincial Government’s lack of a long-term energy policy, coupled with the effects of NAFTA and pipeline policy, is not only hurting industrial prospects in the short-term, but also damaging the long-term viability of our economy as a whole. That is the key finding of a new report released today by the U of A’s Parkland Institute.
The report, “Back to Hewers of Wood and Drawers of Water: Energy, Trade and the Demise of Petrochemicals in Alberta,” uses the closure of the Celanese plant in Edmonton as a launching pad for looking at the impacts of Alberta’s energy policy on value-added industries in the province, and on the future economic prospects of the province. The prospects are not promising. Read More