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Opinion: Unnecessary and costly moratorium threatens a prosperous market

Press Coverage
August 15, 2023
Calgary Herald

Let’s imagine for a moment that Premier Danielle Smith’s government announces a seven-month development moratorium for new oil and gas projects.

Without consulting or warning the oilpatch. You can imagine the reaction in Alberta.

Yet, this is exactly what happened to the energy industry on August 3. Just a different branch of that industry.

The reaction in the renewable energy industry was like an earthquake. To say there was surprise and concern would be an understatement. Anyone in the business world would understand that reaction, especially if your industry had been humming along and gaining speed right before the announcement.

Now, everything has come to a screeching halt and confusion reigns. It’s not hard to imagine what this does to the investment climate.