- Joined
- Mar 24, 2009
- Messages
- 16,743
Premier call bitumen investent 'bold step'
CALGARY - Alberta is taking a "bold step" by directly investing in business, Premier Ed Stelmach said Wednesday, as he confirmed the province will supply bitumen it receives as royalties to a $5-billion oilsands upgrader.
The premier compared backing the North West Upgrading project northeast of Edmonton to moves by earlier Tory governments to create ATB Financial, buy into Syncrude Canada and launch Telus Corp. predecessor AGT Ltd.
"If the benefits of the oilsands accrue to Albertans, why shouldn't Albertans, as owners of the resource, make their own investment?" challenged Stelmach during an announcement in Fort Saskatchewan, just northeast of the capital.
Read the full article here.
CALGARY - Alberta is taking a "bold step" by directly investing in business, Premier Ed Stelmach said Wednesday, as he confirmed the province will supply bitumen it receives as royalties to a $5-billion oilsands upgrader.
The premier compared backing the North West Upgrading project northeast of Edmonton to moves by earlier Tory governments to create ATB Financial, buy into Syncrude Canada and launch Telus Corp. predecessor AGT Ltd.
"If the benefits of the oilsands accrue to Albertans, why shouldn't Albertans, as owners of the resource, make their own investment?" challenged Stelmach during an announcement in Fort Saskatchewan, just northeast of the capital.
Read the full article here.