Saskatchewan courts oil and gas investment amid Alberta royalty ruckus

CALGARY — Saskatchewan’s economy minister says if energy companies are skittish about investing in Alberta, they’re welcome to set up shop next door.

Bill Boyd says he’s been watching the political debate in neighbouring Alberta over the newly elected NDP government’s plans to review oil and gas royalties.

Boyd is in Calgary for the Global Petroleum Show, a massive exhibition with some 50,000 attendees from around the world.

He says he’s been hearing from companies at the show that there’s a fair bit of concern about the investment climate and that it’s been tough to make spending decisions.

Boyd is touting Saskatchewan as a stable place to invest and says he’s been seeing growing interest in moving capital to his province.

When Alberta last raised royalty rates following a review in 2007, many companies threatened to move their money elsewhere.

 

The Canadian Press