Encana putting Duvernay gas plant on hold, uncertain of investing in AB

VISIT TheRebel.media for more fearless daily news, commentary and activism: http://www.TheRebel.media http://www.Facebook.com/JoinTheRebel http://www.Twitter.com/TheRebelTV ***** Sheila Gunn Reid of TheRebel.Media reports, another day, another cancelled project in Alberta's embattled oil patch. This time, it was Encana putting their gas plant in the Duvernay Region on hold. The company says it's because they are unsure about the outcome of the Notley government’s climate change and royalty review panels. Encana CEO Doug Suttles said, “We need to know the rules of the game before we start to play.” Encana, on Thursday reported a loss of 1.2 billion in the last 3 month reporting period. Encana has also laid off 40 percent of its staff since 2012 including about 400 employees this year. Encana is withholding investment in Alberta. And if you think it’s about the price of oil or natural gas alone, you’d be wrong. Encana is refocusing its business interests in Texas, spending about 2.2 billion dollars there this year. That’s no surprise. Texas has a stable business environment with low taxation of businesses. Texas doesn’t have a carbon tax and Texas has a flat rate reliable royalty total rate of 25.3 percent, with 12.5 percent to the landowner and 12.85 percent to the state. Texas offers stability. It’s easy to build a business plan around stability but Alberta doesn’t offer stability anymore. If someone wanted to sabotage the oil patch, they'd do exactly what Rachel Notley is doing. JOIN TheRebel.media for more fearless news and commentary you won’t find anywhere else. http://www.TheRebel.media The NDP budget is a disaster. Over 50,000 are out of work. Investment is fleeing the province. SIGN THE PETITION to tell Rachel Notley stop her war on Alberta oil and gas jobs: http://www.savealbertajobs.com "The People's Republic of Alberta": Tell Notley and her NDP how you feel with this t-shirt and hat design ONLY from TheRebel.media store! https://the-rebel-store.myshopify.com/collections/the-peoples-republic-of-alberta

Comments

1. Hi Sheila,
   
   My husband and I do watch all of your reports and do appreciate your work. Keep up the good work, always emphasizing on having the truth to stand out, to get us all well informed. God says: blessed is he who seek to do good.
   
   From Quebec!
2. It's pronounced "doo-ver-nay"
3. ....yes but she'll replace the oil revenues with hippy beads and pot taxes....can't you tax cow pastures, tofu and solar rays ?
4. JT is stopping tankers on the north BC coast. Your plate is full for a while now Sheila.
5. Love your content!! :)