CALGARY – Alberta NDP Leader Rachel Notley spoke directly to Calgarians about why UCP Leader Jason Kenney's plan to cancel Alberta's oil-by-rail deal is bad for the city, bad for the province and bad for Calgarians.
Notley spoke about the history of this decision, noting that last fall the failure of successive federal governments to build new pipelines drove the oil price differential to record highs. Notley responded decisively, temporarily curtailing production to stabilize the price and signing a deal to lease 4,400 rail cars. Beginning this July, Alberta will move an additional 120,000 barrels a day, with a multi-year, $3.7 billion investment. Through the increase in royalties and revenues, Alberta expects a return of $5.9 billion.