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Alberta less attractive for energy investment

Story by Erica Fisher, 2Day FM Grande Prairie

Alberta is becoming less attractive place for oil and gas investment, according to an annual survey of energy executives. The province was ranked 43rd out of 96 jurisdictions worldwide, down 18 spots from last year.

It was in the top 15 in 2014. The Fraser Institute Report reveals there’s uncertainty in the industry about new government policies like the royalty review and the carbon tax.

What makes the review worse is that Alberta is ranked lower than its neighbour B-C, which held steady in 39th place. Saskatchewan moved up from 7th to 4th, sitting behind only Oklahoma, Texas, and Kansas.

It’s noted that the survey was done before the Trans Mountain and Line 3 pipeline projects were approved last week.

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