Trudeau Wants To Use Alberta As His Piggy Bank

Justin Trudeau is campaigning in Alberta, trying to obscure the history of both his party, and the actions of his current government.

Trudeau is trying to cast himself as the friend of Albertans, and says people in the province are “tired of being taken for granted.”

That might be the one thing he is right about. But he’s not right about who takes Alberta for granted.

Alberta is one of the key economic engines of the Canadian economy. Without Alberta all Canadians would be far poorer, and our economy would be much weaker.

Unfortunately, the Trudeau Liberals take that for granted. They don’t seem to recognize the link between federal policy, and the fortunes of the energy sector.

Justin Trudeau seems to assume that no matter what he does in Ottawa, wealth and prosperity will continue to flow from Alberta into the government’s coffers. He wants to use Alberta as a piggy bank while he rapidly expands the job-crushing bureaucracy, and thinks the money will just keep coming in.

That’s not how it works.

Trudeau’s economic policies are already having a negative impact on Alberta, and Canada as a whole, and it’s likely to get worse.

While oil prices may rebound, investment in the Alberta oil sands could be put at risk due to bad federal policy. It’s already happening. In October 2016 Shell sold $1.3 billion of oil sands assets, while in December 2016 Norwegian oil giant Statoil exited the oil sands. There has been even more pullback from the sector by other investors.

If this investment was filled by Canadian companies, then reduced foreign investment wouldn’t be an issue – in fact, more Canadian-owned private sector investment in the oils sands would be a good thing. Better to have the oil sands controlled by Canadian businesses than foreign ones.

But that’s not happening. Overall investment is declining.

The reason for this is very simple: Justin Trudeau’s policies are destroying business confidence and causing investors to go elsewhere.

Trudeau’s increase in regulations – combined with his dangerous push for a carbon tax – makes Canada, and the Alberta oil sands, a much less investment-friendly environment.

Less investment means less growth, and less growth means more poverty and economic suffering in Canada.

It could get even worse when the US fully implements their regulatory cuts and business tax reductions, which will make Canada – and by extension the Alberta oil sands – far less competitive.

The investment picture will only improve when Justin Trudeau stops taking Alberta for granted – or more likely – when he is defeated and replaced by someone who is willing to get government out of the way and unleash the full potential of the Alberta oil sands.

Spencer Fernando

Photo – Twitter

7 comments Add yours
  1. The sad part of this is that no one in crowd called him out on it they just let him talk and seeing how well he was going he went further to attack the previous gov on the very same issues which the liberals did not do for them. That is the whole trick.
    What the crowd should have said “come again” say what? where in the hell did you get that idea that the previous government didn’t approve the pipelines? He did, the problem with you is that you are using the media to lie your way through on issues and policies you did not do. And btw, your pal Barack Obama was the one who refused the KSL pipelines yet he built many in the USA. So to feel bravado on matters that were already approved but denied is arrogant on your part.

    Another one in crowd should have stood up to continue ‘And btw, the middle-class you like you talk about were wealthy when the HARPER GOV were in power; even your pal Hillary Clinton when she was here in Ottawa said so. Image that, a liberal American makes an knowledgeable statement like that which you refuse to echo. And another thing Justin Trudeau, under PM HARPER gov, Canada was number ONE(1) in the world for four years and, not only that, Canada did so when there was a world recession. Furthermore, PM HARPER the man you keep accusing, LOWERED TAXES for businesses not drown them with high taxes like you doing. PM Harper may not have gone the country doing what you are doing; he was busy working for us Canadians not playing around with our money on tours like you are doing especially in secluded areas where only liberals and media congregate.
    What’s amazing Justin, is that the previous HARPER did his work without a single media reporter to his name. Here you are, surrounded by media reporters to lie for you; to protect you from us; to make you feel good about yourself and still you can’t do anything for Canadians or even Canada.
    Another thing Justin, I am a born Canadian and the lives of my family is worth every security and protection than the rights of terrorists and any criminals you deem above mine. I am Canadian not them. When PM Harper wanted them deported you fought for them over me my children and safety of us Canadians.
    Excuse me Fernando for being too long.

    1. I agree and they are blaming Harper for everything! We were blessed with Harper. Trudeau sold us out why won’t those people speak out, are they a hand picked group. That’s not what Canadians are saying. Liberals are lying. Canada speak up loud and clear!

  2. Steven Harper and Brad Wall should head the Western Canada Separation Movement. Let Quebec and Ontario figure out how to make Ends Meet, they are both Have Not Provincs.
    The West doesn’t need them, we could Buy and Trade with the USA. The West could send Invitations to any other Canadian Provinces to join, excluding Quebec and Ontario.

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