Kenney promises to cut corporate income taxes, a key CAPP recommendation, scrap the carbon tax, slash red tape, and fight for new export pipelines
CALGARY — Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on Wednesday, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory.
But critics say Notley’s government exacerbated the crisis by raising corporate taxes, launching a review of royalty rates and introducing a carbon tax at a time when firms were already struggling.The NDP trails the United Conservative Party , led by former federal cabinet minister Jason Kenney, 53 to 35 per cent in an Ipsos/Global News poll published this week.
Rafi Tahmazian, Canoe Financial Regulatory delays have stalled new pipeline proposals for years. Last autumn the discount on Canadian heavy crude versus U.S. barrels hit record levels as production outpaced pipeline capacity, leaving crude sitting in Alberta storage tanks. But industry participants recall her opposition to Enbridge Inc’s Northern Gateway project, which has since been scrapped.
Kenney has denied acting unethically, saying it is not unusual for competing campaign camps to communicate.
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