The Ed Stelmach government should take advantage of the slowdown in oilsands development in Alberta to limit the pace of growth, thus reducing costs throughout the province for a host of businesses, says former premier Peter Lougheed.
But an oilsands industry spokesman said costs are a product of the general Alberta economy, not just oilsands, and it would be unfair to impose limits on one player in the economy.
Speaking at the opening of a five-day international engineering conference at a downtown Calgary hotel, Lougheed said the frenetic pace of oilsands development has hurt the province by making everything more expensive.
"The oilsands have created in our province, because of the rapid growth that has occurred in the past decade, a very high-cost economy," said Lougheed.
Read the full article here.
But an oilsands industry spokesman said costs are a product of the general Alberta economy, not just oilsands, and it would be unfair to impose limits on one player in the economy.
Speaking at the opening of a five-day international engineering conference at a downtown Calgary hotel, Lougheed said the frenetic pace of oilsands development has hurt the province by making everything more expensive.
"The oilsands have created in our province, because of the rapid growth that has occurred in the past decade, a very high-cost economy," said Lougheed.
Read the full article here.