Alberta NDP Leader Rachel Notley says she completely disagrees with federal NDP Leader Jagmeet Singh's stance on oil and gas industry subsidies, because she thinks the economy driving sector needs investment to stay competitive internationally and find innovative ways to reduce emissions.
— reaching more than $34 billion — and Singh has said he wants to see the Liberals cancel all subsidies to the industry, including the Carbon Capture Tax Credit.She said while oil and gas profits “are spectacular right now,” the sector also “suffered significant losses during ,” and there’s a pressing need to stay competitive with the Inflation Reduction Act.
She added she disagrees with “this idea that we can just simply walk away from something that contributes such a large amount to our economy, not just in Alberta, but across Canada, on a point of principle.” “But to do that, it has to be practical and it has to be achievable,” Notley said. “Aspirational goals can sometimes serve to be less effective than no goals, although I'm not in favor of either of those things.”
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