A proliferation of regulations and government interventions have dramatically shaken investor confidence.
The Notley government imposed a 100 megatonne cap on greenhouse gas emissions from the oilsands.
The severity of Alberta’s fiscal problems hit home with many Albertans this week as Premier Prentice announced that the upcoming provincial budget will include an across-the-board five per cent spending cut.
After governments abandon fiscal prudence, they will soon search for any and all ways to tax people more. This is the reality playing out in Alberta where Premier Jim Prentice has floated multiple tax increase trial balloons.