B.C.’s Premier says he’s cutting off his $1.3-billion commitment to a major oil sands development because of the impact on jobs.
Premier Christy Clark said Thursday she’s cancelling the $1 billion project at the Port Alberni and Enbridge projects in northern Alberta and is looking for other places for Canadian oil and gas.
The province is investing $1-billion in the projects in the hopes of producing enough oil to supply Canada’s energy needs for decades to come.
Clark said she’ll also cut off its funding to the Canadian Pacific Railways, a major rail company based in the Edmonton area.
The Premier said her decision is not a signal of any change in government.
The $1bn investment would have provided new jobs and increased the province’s tax base by nearly $500 million.
The project is also one of three oil sands projects in Alberta that are part of a wider $7.8-billion oil sands infrastructure plan.
The other two projects in Calgary, the Alta.
Oil Sands Pipeline and the Keystone XL pipeline, are planned to run under Alberta’s northern border.
Clark’s announcement comes after several months of uncertainty over how the federal government would respond to the Keystone pipeline project and the Trans Mountain expansion.
It’s also one day after the government announced a decision to keep a moratorium on the expansion of the Alberta oil sands, saying the Alberta oilsands would be left alone.